Market Overview:
The global luffing hydraulic cranes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luffing hydraulic cranes in various applications such as high rise buildings, bridge buildings, and others. Additionally, the growing construction industry across the globe is also fueling the demand for luffing hydraulic cranes.
Product Definition:
Luffing hydraulic cranes are a type of mobile crane that utilizes a system of hydraulics to control the boom's angle. This allows the crane to "luff" or adjust its position in relation to its load, which is especially important when working with heavy or oversized objects. Luffing hydraulic cranes offer more precise control and stability than traditional mobile cranes, making them an essential tool for many construction and industrial applications.
Max. Load Capacity < 30t:
The Max. Load Capacity is the weight or load that a machine or vehicle can carry without overloading and breaking down. The factor to be considered here is the safe working limit of machinery/vehicle, determined by its construction and design.
Max. Load Capacity 30-50t:
The max. load capacity of a hydraulic crane is the weight, which the machine can lift with its own weight plus the weight of any cargo it is supposed to carry. The maximum load capacity depends on various factors such as type of machine (static or moving), structure and design, material used in its construction and application.
In case of steel-made hydraulic cranes, the working pressure ranges between 0.75 to 1 atmosphere depending upon type.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing demand from across various industries such as oil & gas, construction, mining and civil engineering. The high rise buildings application segment is also expected to witness considerable growth over the forecast period owing to an increase in residential construction activities across countries such as India, China and Australia.
In terms of revenue, the bridge building applications are likely to expand at a CAGR of XX% from 2018 to 2030 during the same period while that of other hydraulic cranes for industrial purposes was up by 5% in 2017 on account of their usage for material handling applications at various industrial sites across countries such as Japan, South Korea and Taiwan which are further expected drive product demand globally over next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid infrastructure development along with increasing demand for affordable housing. China, India, Japan, South Korea and Indonesia are some of the prominent markets in Asia Pacific that are likely to influence global trends during the forecast period.
North America held a significant share in 2017 owing to growing demand from end-users such as residential buildings, hospitals/medical complexes and sports complexes among others. UHLCBs have greater advantages over other types of hydraulic cranes such as wire rope systems due to their high load capacity and reduced weight compared to steel ropes or chains which makes them suitable for high rise building applications where there is a requirement for long span movements or when heavy lifting is involved across multiple floors within a structure.
Growth Factors:
- Increasing demand for heavy lifting and transportation in construction and infrastructure industries
- Growing popularity of luffing hydraulic cranes in the rental market
- Technological advancements that improve crane performance and safety
- Rising demand from emerging markets such as Asia Pacific and Latin America
- Proliferation of small-scale construction projects that favor the use of luffing hydraulic cranes
Scope Of The Report
Report Attributes
Report Details
Report Title
Luffing Hydraulic Cranes Market Research Report
By Type
Max. Load Capacity < 30t, Max. Load Capacity 30-50t, Max. Load Capacity > 50t
By Application
High Rise Buildings, Bridge Buildings, Others
By Companies
Zoomlion, SCM, Fushun Yongmao, XCMG, DAHAN, Manitowoc, Liebherr, WOLFFKRAN, Terex, FAVCO, Zoomlion, FM Gru
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Luffing Hydraulic Cranes Market Report Segments:
The global Luffing Hydraulic Cranes market is segmented on the basis of:
Types
Max. Load Capacity < 30t, Max. Load Capacity 30-50t, Max. Load Capacity > 50t
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
High Rise Buildings, Bridge Buildings, 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:
- Zoomlion
- SCM
- Fushun Yongmao
- XCMG
- DAHAN
- Manitowoc
- Liebherr
- WOLFFKRAN
- Terex
- FAVCO
- Zoomlion
- FM Gru
Highlights of The Luffing Hydraulic 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:
- Max. Load Capacity < 30t
- Max. Load Capacity 30-50t
- Max. Load Capacity > 50t
- By Application:
- High Rise Buildings
- Bridge Buildings
- 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 Luffing Hydraulic 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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- Understanding Competition Scenario
- Product & Brand Management
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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?
Luffing hydraulic cranes are a type of crane that use hydraulics to extend and retract their arm. This allows them to move materials much larger than traditional cranes, which makes them ideal for construction sites and other heavy-lifting tasks.
Some of the key players operating in the luffing hydraulic cranes market are Zoomlion, SCM, Fushun Yongmao, XCMG, DAHAN, Manitowoc, Liebherr, WOLFFKRAN, Terex, FAVCO, Zoomlion, FM Gru.
The luffing hydraulic 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 Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luffing Hydraulic 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 Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size & Forecast, 2018-2028
4.5.1 Luffing Hydraulic Cranes Market Size and Y-o-Y Growth
4.5.2 Luffing Hydraulic Cranes Market Absolute $ Opportunity
Chapter 5 Global Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size Forecast by Type
5.2.1 Max. Load Capacity < 30t
5.2.2 Max. Load Capacity 30-50t
5.2.3 Max. Load Capacity > 50t
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size Forecast by Applications
6.2.1 High Rise Buildings
6.2.2 Bridge Buildings
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luffing Hydraulic 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 Luffing Hydraulic 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 Luffing Hydraulic Cranes Analysis and Forecast
9.1 Introduction
9.2 North America Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size Forecast by Type
9.6.1 Max. Load Capacity < 30t
9.6.2 Max. Load Capacity 30-50t
9.6.3 Max. Load Capacity > 50t
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 Luffing Hydraulic Cranes Market Size Forecast by Applications
9.10.1 High Rise Buildings
9.10.2 Bridge Buildings
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 Luffing Hydraulic Cranes Analysis and Forecast
10.1 Introduction
10.2 Europe Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size Forecast by Type
10.6.1 Max. Load Capacity < 30t
10.6.2 Max. Load Capacity 30-50t
10.6.3 Max. Load Capacity > 50t
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 Luffing Hydraulic Cranes Market Size Forecast by Applications
10.10.1 High Rise Buildings
10.10.2 Bridge Buildings
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 Luffing Hydraulic Cranes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size Forecast by Type
11.6.1 Max. Load Capacity < 30t
11.6.2 Max. Load Capacity 30-50t
11.6.3 Max. Load Capacity > 50t
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 Luffing Hydraulic Cranes Market Size Forecast by Applications
11.10.1 High Rise Buildings
11.10.2 Bridge Buildings
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 Luffing Hydraulic Cranes Analysis and Forecast
12.1 Introduction
12.2 Latin America Luffing Hydraulic 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 Luffing Hydraulic Cranes Market Size Forecast by Type
12.6.1 Max. Load Capacity < 30t
12.6.2 Max. Load Capacity 30-50t
12.6.3 Max. Load Capacity > 50t
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 Luffing Hydraulic Cranes Market Size Forecast by Applications
12.10.1 High Rise Buildings
12.10.2 Bridge Buildings
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) Luffing Hydraulic Cranes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luffing Hydraulic 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) Luffing Hydraulic Cranes Market Size Forecast by Type
13.6.1 Max. Load Capacity < 30t
13.6.2 Max. Load Capacity 30-50t
13.6.3 Max. Load Capacity > 50t
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) Luffing Hydraulic Cranes Market Size Forecast by Applications
13.10.1 High Rise Buildings
13.10.2 Bridge Buildings
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 Luffing Hydraulic Cranes Market: Competitive Dashboard
14.2 Global Luffing Hydraulic Cranes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zoomlion
14.3.2 SCM
14.3.3 Fushun Yongmao
14.3.4 XCMG
14.3.5 DAHAN
14.3.6 Manitowoc
14.3.7 Liebherr
14.3.8 WOLFFKRAN
14.3.9 Terex
14.3.10 FAVCO
14.3.11 Zoomlion
14.3.12 FM Gru
