Crane Market Key Players Analysis - Palfinger AG, Terex Corp, Kito Corp, Komatsu Ltd., Konecranes PLC, Liebherr Group, Tadano, Ltd., XCMG Group

A new business intelligence report released by Global Market Insights, Inc. with title “Crane Market Outlook - Industry Size, Growth Statistic Report 2024” that targets and provides comprehensive market analysis with future prospects to 2024.

Crane Market size is set to exceed USD 20 billion by 2024. The shipments exceeded 25,000 units in 2016. Europe crane market accounted for around 33% of the global revenue for cranes owing to the rise in investments in renewable energy and the rental market. Ongoing large construction projects in Europe are anticipated to drive the crane market over the coming years. The construction industry in Europe, has been recovering over the last few years after it tumbled post-recession. Several regional government administrations of countries such as UK, Germany, France and Italy are planning on undertaking construction projects, which include construction of railway tunnels, underwater tunnels connecting major European countries, and port extension, among others, which are using several types of cranes. In addition, the Russian crane market is also in state of revival, which is aiding the industry growth.

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Rise in construction spending is the major factor escalating the crane market growth. Shifting government focus on infrastructure development along with increasing consumer preference for luxurious and aesthetic constructions will provide an impetus to the industry growth. Rising necessity for houses along with investment regarding infrastructure development such as smart city projects and increased construction expenditure particularly in economically stabilizing countries is expected to propel the crane market size. Population growth, environmental impacts and urbanization has up surged the need for smart and sustainable infrastructure solutions. Providing efficient building methods coupled with ability to offer effective integration, planning and designing, are major factors driving the crane market growth.

High investments and maintenance costs for the equipment is a key factor challenging the crane market growth. The cost of cranes is relatively high, which is discouraging manufacturers, businesses, and OEMs from procuring high-end systems. Companies are considering investments for automated equipment to meet the international quality standards. Development of infrastructure in emerging economies demands an increase in the number of cranes which are manufactured and hired for construction purposes. Rental companies are providing the equipment which incorporate the latest technological advancements, owing to which there is a rise in the demand for rental crane services.

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The mobile crane market is the fastest growing segment in the global industry owing to the increase in residential construction and urban infrastructure projects. The industry is being primarily driven by the rise in investments for the development of smart cities in countries such as China, India, Malaysia, Thailand and Indonesia. Growing population and migration of people to urban areas has led to an increase in demand for efficient transport infrastructure facilities, causing a significant rise in the number of urban infrastructure projects and escalating demand for mobile cranes. The region has also witnessed a rise in investments for power plants, which is aiding the global mobile crane market growth.

Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.1.4.1 Definitions
1.1.4.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary

Chapter 2 Executive Summary
2.1 Crane industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.3.1 Mobile crane trends
2.1.3.2 Fixed crane trends
2.1.4 Application trends
2.1.4.1 Utility trends

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Chapter 3 Crane Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.2.1 Rental landscape
3.2.1.1 Pros and cons – rent vs purchase cranes
3.2.1.2 Cost calculator – rent vs purchase cranes
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological and innovation landscape
3.5 Regulatory landscape
3.5.1 ISO 4310
3.5.2 ISO 8686
3.5.3 ISO 10245-1:2008
3.5.4 ISO 12480-1
3.5.5 ISO 23815-1
3.5.6 ISO 12482
3.5.7 ISO 23814
3.5.8 OSHA 29 CFR 1926.21
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Global increase in construction spending
3.6.1.2 Rising demand for telematics cranes in the U.S.
3.6.1.3 Rapid urbanization in the U.S.
3.6.1.4 Growing demand for cranes in the utility sector in Europe and Asia Pacific
3.6.1.5 Rapid infrastructure development in BRIC countries
3.6.1.6 Growing urbanization and safety concerns in India
3.6.1.7 Growth in transportation and logistics industry in MEA
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial costs
3.6.2.2 Lack of skilled and qualified crane operators
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Company market share analysis, by application, 2016
3.9.1 Construction & mining
3.9.2 Utility
3.9.3 Manufacturing
3.9.4 Transport/Shipping
3.9.5 Oil & gas
3.9.6 Strategy dashboard
3.10 PESTEL analysis

Chapter 7 Company Profiles
7.1 Altec Inc.
7.2 Broderson Manufacturing Corp
7.3 Cargotec Corporation
7.4 Columbus Mckinnon Corporation
7.5 Effer S.P.A
7.6 Elliott Equipment Company
7.7 Fassi Gru S.p.A.
7.8 Fushun Yongmao Construction Machinery Co., Ltd
7.9 Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
7.10 Ingersoll Rand, plc
7.11 JASO Industrial Cranes
7.12 Kato Works Co., Ltd.
7.13 Kito Corporation
7.14 Kobelco Construction Machinery Co., Ltd.
7.15 Komatsu Ltd.
7.16 Konecranes Plc
7.17 Liebherr Group
7.18 Linden Comansa (Construcciones Metálicas Comansa S.A.)
7.19 Locatelli crane S.R.L
7.20 Mammoet
7.21 Manitex International, Inc
7.22 Manitowoc
7.23 O.M.V. Officine Meccaniche VICARIO S.P.A.
7.24 Palfinger AG
7.25 Raimondi Cranes S.p.a
7.26 Sany Group
7.27 Tadano Ltd.
7.28 Terex Corporation
7.29 Weldco Beales Manufacturing
7.30 Wolffkran International AG.
7.31 Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
7.32 Zoomlion Heavy Industry Science and Technology Co., Ltd.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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