Market Overview:
The global industrial cranes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial cranes from construction and manufacturing industries across the globe. Additionally, rising investments in infrastructure development projects are also propelling the growth of this market. On the basis of type, single-girder overhead cranes are expected to account for a major share of the global industrial cranes market during 2018-2030. This can be attributed to their low cost and easy installation as compared to other types of industrial cranes such as double-girder overhead crane and gantry crane type overhead crane.
Product Definition:
Industrial Cranes are machines that are used to move heavy objects by suspending them from a beam. They are commonly used in factories and other industrial settings.
Single-Girder Overhead Cranes:
Single-girder overhead cranes are specialized type of crane used to lift heavy loads over head at one or both ends of the boom. The single-girder overhead cranes have lower weight capacities as compared to other types of cranes, and also they are smaller in size which makes them ideal for industrial applications where space is a constraint.
The global single-girder overhead crane market was valued at USD 1,867.1 million in 2016.
Double-Girder Overhead Cranes:
Double-girder overhead cranes are used in industries such as construction, marine, oil & gas and mining. These cranes have a capacity of lifting up to 11 tons and can be used for both offshore and onshore applications. They are built for durability with welded steel beams supporting the weight of the boom across two main girders.
The boom is mounted on bearings which allow it to move freely without any restrictions from its connections with the frame members.
Application Insights:
The manufacturing application segment dominated the global industry crane market, accounting for over 45.0% share of the total revenue in 2017. The growth can be attributed to an increase in industrialization and urbanization leading to rise in demand for construction of buildings and infrastructure, including factories and workshops.
Construction was the second-largest segment accounting for a 34.9% share of the total revenue in 2017 owing to rapid urbanization resulting in increased need for new residential as well as commercial constructions across various regions including Asia Pacific, Europe and North America Latin America Middle East & Africa countries such as India China etc are investing significantly both at domestic level as well as on international levels which is likely to propel product demand over the forecast period 1o8r8t1l6).
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 40% in 2017. The region is also expected to register the fastest growth rate during the forecast period. This can be attributed to increasing infrastructure activities, coupled with growing manufacturing and construction sectors, especially in China and India. In addition, rising demand for industrial facilities by multinational companies such as Samsung Electronics Co., Ltd., Sony Corporation; LG Electronics Inc.; Volkswagen Group; Panasonic Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mitsubishi Electric Corp.; Hyundai Motor Company; Hewlett Packard Enterprise Development LP (HPE); Siemens AG; Skoda Auto Czech Republic BVBA has also contributed significantly toward regional market growth.
The European market is anticipated to witness considerable growth over the coming years owing to stringent government regulations regarding energy efficiency in buildings coupled with an emphasis on recycling of materials used for construction projects undertaken by local governments at county level.
Growth Factors:
- Increasing demand for industrial cranes from the construction and infrastructure sectors
- Rising adoption of industrial cranes in the manufacturing sector for material handling purposes
- Growing demand for technologically advanced and energy-efficient industrial cranes
- Increasing number of public-private partnerships for infrastructure development projects
- Proliferation of rental services for industrial cranes
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Cranes Market Research Report
By Type
Single-Girder Overhead Cranes, Double-Girder Overhead Cranes, Gantry-Type Overhead Cranes
By Application
Construction, Manufacturing, Others
By Companies
XCMG, Sany, The Manitowoc Company, Hitachi Sumitomo Heavy Industries, Metso, Tadano Faun GmbH, Terex, Abus Kransysteme GmbH, Eilbeck Cranes, Konecranes, XCMG, SPANCO, Baumer, Gorbel Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Cranes Market Report Segments:
The global Industrial Cranes market is segmented on the basis of:
Types
Single-Girder Overhead Cranes, Double-Girder Overhead Cranes, Gantry-Type Overhead Cranes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- XCMG
- Sany
- The Manitowoc Company
- Hitachi Sumitomo Heavy Industries
- Metso
- Tadano Faun GmbH
- Terex
- Abus Kransysteme GmbH
- Eilbeck Cranes
- Konecranes
- XCMG
- SPANCO
- Baumer
- Gorbel Inc
Highlights of The Industrial Cranes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-Girder Overhead Cranes
- Double-Girder Overhead Cranes
- Gantry-Type Overhead Cranes
- By Application:
- Construction
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Cranes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial cranes are large, heavy machines used to move large objects. They can be found in factories, warehouses, and other industrial settings.
Some of the major players in the industrial cranes market are XCMG, Sany, The Manitowoc Company, Hitachi Sumitomo Heavy Industries, Metso, Tadano Faun GmbH, Terex, Abus Kransysteme GmbH, Eilbeck Cranes, Konecranes, XCMG, SPANCO, Baumer, Gorbel Inc.
The industrial cranes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Cranes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Cranes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Cranes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Cranes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Cranes Market Size & Forecast, 2018-2028
4.5.1 Industrial Cranes Market Size and Y-o-Y Growth
4.5.2 Industrial Cranes Market Absolute $ Opportunity
Chapter 5 Global Industrial Cranes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Cranes Market Size Forecast by Type
5.2.1 Single-Girder Overhead Cranes
5.2.2 Double-Girder Overhead Cranes
5.2.3 Gantry-Type Overhead Cranes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Cranes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Cranes Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Manufacturing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Cranes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Cranes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Cranes Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Cranes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Cranes Market Size Forecast by Type
9.6.1 Single-Girder Overhead Cranes
9.6.2 Double-Girder Overhead Cranes
9.6.3 Gantry-Type Overhead Cranes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Cranes Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Manufacturing
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Cranes Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Cranes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Cranes Market Size Forecast by Type
10.6.1 Single-Girder Overhead Cranes
10.6.2 Double-Girder Overhead Cranes
10.6.3 Gantry-Type Overhead Cranes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Cranes Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Manufacturing
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Cranes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Cranes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Cranes Market Size Forecast by Type
11.6.1 Single-Girder Overhead Cranes
11.6.2 Double-Girder Overhead Cranes
11.6.3 Gantry-Type Overhead Cranes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Cranes Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Manufacturing
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Cranes Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Cranes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Cranes Market Size Forecast by Type
12.6.1 Single-Girder Overhead Cranes
12.6.2 Double-Girder Overhead Cranes
12.6.3 Gantry-Type Overhead Cranes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Cranes Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Manufacturing
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Cranes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Cranes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Cranes Market Size Forecast by Type
13.6.1 Single-Girder Overhead Cranes
13.6.2 Double-Girder Overhead Cranes
13.6.3 Gantry-Type Overhead Cranes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Cranes Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Manufacturing
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Cranes Market: Competitive Dashboard
14.2 Global Industrial Cranes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 XCMG
14.3.2 Sany
14.3.3 The Manitowoc Company
14.3.4 Hitachi Sumitomo Heavy Industries
14.3.5 Metso
14.3.6 Tadano Faun GmbH
14.3.7 Terex
14.3.8 Abus Kransysteme GmbH
14.3.9 Eilbeck Cranes
14.3.10 Konecranes
14.3.11 XCMG
14.3.12 SPANCO
14.3.13 Baumer
14.3.14 Gorbel Inc
