Market Overview:
The global knuckleboom 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 knuckleboom cranes in construction, transport, marine, and industrial applications. Additionally, the growing demand for knuckleboom cranes in emerging economies is also contributing to the growth of this market. On the basis of type, small boom range segment is expected to account for a major share of the global knuckleboom crane market during 2018-2030. This segment is projected to grow at a CAGR of 5% during this period owing to its low cost and easy maneuverability.
Product Definition:
A knuckleboom crane is a type of mobile crane that uses a telescoping arm to reach out and pick up objects. The arm is hinged at the "knuckle" and can be extended or retracted as needed. This type of crane is often used for lifting heavy objects in tight spaces.
Small Boom Range:
Small boom range is the distance between the lowest and highest points of a crane's stroke. The small boom range cranes are mainly used for construction, material handling and offshore applications. Small boom cranes have lower capacity than big boom cranes but they can be deployed in smaller spaces with fewer workers which makes them more efficient for certain types of projects.
The global small boom range market size was valued at USD 2,708 million in 2016.
Medium Boom Range:
The medium boom range is the middle ground between long and short boom cranes. It has a maximum capacity of lifting 150 tons and can be used for applications such as construction, mining, transportation, etc. The medium boom range crane is mainly used to perform tasks that require a high load carrying capacity but limited reachability.
Application Insights:
The construction application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The boom in residential and commercial construction activities across the globe is anticipated to boost product demand during the forecast period.
Construction equipment, such as backhoe loaders, compactors, dragline excavators, concrete mixers and others are largely used for site preparation & civil works on account of their ability to provide high lifting capacity with low fuel consumption. Moreover, increasing investments by governments in infrastructural development projects are expected to drive industry growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in infrastructure activities, which has led to an increased demand for boom equipment. Moreover, rising investments from governments of various countries are anticipated to boost construction activities across Asia Pacific. This factor is also likely to have a positive impact on the growth of global knuckleboom cranes market during the forecast period.
The European region accounted for more than 20% share of overall revenue in 2017 and is expected to grow at a steady rate over the next eight years due as follows: the need for maintenance and repair works on existing infrastructures; increasing spending power among consumers; growing marine industries across several countries including France, Italy, Spain.
Growth Factors:
- Increasing demand for heavy lifting and material handling in construction and manufacturing industries
- Growing popularity of knuckleboom cranes in rental markets
- Technological advancements that improve the performance and efficiency of knuckleboom cranes
- Rising demand from emerging markets such as Asia Pacific and Latin America
- Growing awareness about the benefits of knuckleboom cranes among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Knuckleboom Cranes Market Research Report
By Type
Small Boom Range, Medium Boom Range, Large Boom Range
By Application
Construction, Transport, Marine, Industrial, Other
By Companies
Hiab (Cargotec), Fassi, Palfinger, Manitex, Ferrari, Amco Veba, Heila Cranes, ATLAS Group, Copma Cranes, HMF, Cormach, Iowa Mold Tooling Co., Inc. (IMT), MKG Maschinen- und Kranvertrieb GmbH, Pesci Cranes, SMST, Kenz Figee Group, Hawboldt Industries (Timberland)
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Knuckleboom Cranes Market Report Segments:
The global Knuckleboom Cranes market is segmented on the basis of:
Types
Small Boom Range, Medium Boom Range, Large Boom Range
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, Transport, Marine, Industrial, Other
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:
- Hiab (Cargotec)
- Fassi
- Palfinger
- Manitex
- Ferrari
- Amco Veba
- Heila Cranes
- ATLAS Group
- Copma Cranes
- HMF
- Cormach
- Iowa Mold Tooling Co., Inc. (IMT)
- MKG Maschinen- und Kranvertrieb GmbH
- Pesci Cranes
- SMST
- Kenz Figee Group
- Hawboldt Industries (Timberland)
Highlights of The Knuckleboom 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:
- Small Boom Range
- Medium Boom Range
- Large Boom Range
- By Application:
- Construction
- Transport
- Marine
- Industrial
- Other
- 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 Knuckleboom 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
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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?
Knuckleboom Cranes are a type of crane used for moving heavy objects.
Some of the key players operating in the knuckleboom cranes market are Hiab (Cargotec), Fassi, Palfinger, Manitex, Ferrari, Amco Veba, Heila Cranes, ATLAS Group, Copma Cranes, HMF, Cormach, Iowa Mold Tooling Co., Inc. (IMT), MKG Maschinen- und Kranvertrieb GmbH, Pesci Cranes, SMST, Kenz Figee Group, Hawboldt Industries (Timberland).
The knuckleboom cranes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Knuckleboom 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 Knuckleboom Cranes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Knuckleboom 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 Knuckleboom 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 Knuckleboom Cranes Market Size & Forecast, 2018-2028
4.5.1 Knuckleboom Cranes Market Size and Y-o-Y Growth
4.5.2 Knuckleboom Cranes Market Absolute $ Opportunity
Chapter 5 Global Knuckleboom 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 Knuckleboom Cranes Market Size Forecast by Type
5.2.1 Small Boom Range
5.2.2 Medium Boom Range
5.2.3 Large Boom Range
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Knuckleboom 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 Knuckleboom Cranes Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Transport
6.2.3 Marine
6.2.4 Industrial
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Knuckleboom 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 Knuckleboom 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 Knuckleboom Cranes Analysis and Forecast
9.1 Introduction
9.2 North America Knuckleboom 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 Knuckleboom Cranes Market Size Forecast by Type
9.6.1 Small Boom Range
9.6.2 Medium Boom Range
9.6.3 Large Boom Range
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 Knuckleboom Cranes Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Transport
9.10.3 Marine
9.10.4 Industrial
9.10.5 Other
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 Knuckleboom Cranes Analysis and Forecast
10.1 Introduction
10.2 Europe Knuckleboom 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 Knuckleboom Cranes Market Size Forecast by Type
10.6.1 Small Boom Range
10.6.2 Medium Boom Range
10.6.3 Large Boom Range
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 Knuckleboom Cranes Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Transport
10.10.3 Marine
10.10.4 Industrial
10.10.5 Other
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 Knuckleboom Cranes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Knuckleboom 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 Knuckleboom Cranes Market Size Forecast by Type
11.6.1 Small Boom Range
11.6.2 Medium Boom Range
11.6.3 Large Boom Range
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 Knuckleboom Cranes Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Transport
11.10.3 Marine
11.10.4 Industrial
11.10.5 Other
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 Knuckleboom Cranes Analysis and Forecast
12.1 Introduction
12.2 Latin America Knuckleboom 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 Knuckleboom Cranes Market Size Forecast by Type
12.6.1 Small Boom Range
12.6.2 Medium Boom Range
12.6.3 Large Boom Range
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 Knuckleboom Cranes Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Transport
12.10.3 Marine
12.10.4 Industrial
12.10.5 Other
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) Knuckleboom Cranes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Knuckleboom 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) Knuckleboom Cranes Market Size Forecast by Type
13.6.1 Small Boom Range
13.6.2 Medium Boom Range
13.6.3 Large Boom Range
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) Knuckleboom Cranes Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Transport
13.10.3 Marine
13.10.4 Industrial
13.10.5 Other
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 Knuckleboom Cranes Market: Competitive Dashboard
14.2 Global Knuckleboom Cranes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hiab (Cargotec)
14.3.2 Fassi
14.3.3 Palfinger
14.3.4 Manitex
14.3.5 Ferrari
14.3.6 Amco Veba
14.3.7 Heila Cranes
14.3.8 ATLAS Group
14.3.9 Copma Cranes
14.3.10 HMF
14.3.11 Cormach
14.3.12 Iowa Mold Tooling Co., Inc. (IMT)
14.3.13 MKG Maschinen- und Kranvertrieb GmbH
14.3.14 Pesci Cranes
14.3.15 SMST
14.3.16 Kenz Figee Group
14.3.17 Hawboldt Industries (Timberland)
