Worldwide Crawler Crane Market Analysis Focusing on Top Key Players – Terex Cranes, The Liebherr Group, Komatsu Ltd., Kobelco Construction Machinery Co, Ltd., Tadano Ltd., SANY Group, The Escorts, Hyundai Construction Equipment, Manitowoc

Market Study Report adds 2018-2024 Global Crawler Crane market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Asia Pacific crawler crane market is anticipated to witness growth owing to the emerging construction and rental sectors in countries including China and India. The growth of equipment rental providers in the region will lead to a high machinery demand. Global companies are expanding their business operations in the region by collaborating with local manufacturers due to increased commercial and residential construction activities in the region, thereby supporting the industry demand. For instance, in December 2016, Jekko s.r.l. collaborated with Lee Hyun Soo and Dennis Shin for establishing the new subsidiary Jekko Korea in Seoul.

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Key players operating in the crawler crane market include Terex Cranes, The Liebherr Group, Komatsu Ltd., Kobelco Construction Machinery Co, Ltd., Tadano Ltd., SANY Group, The Escorts, Hyundai Construction Equipment, Manitowoc, and ACE.

In the crawler crane market, the energy sector is expected to witness a substantial growth due to the essential operations in wind power generation. These cranes are used in the transportation and assembly of wind turbines, mixing plant operations, and lifting works. The high-capacity cranes also perform the erection of wind turbines and provide increased operator safety during these operations. Precision control and high flexibility are the major factors that increase the deployment of these machines in the production of oil & gas, wind energy, and power. For instance, in November 2017, Demag, a Terex Corporation brand, announced the deployment of four crawler cranes in the Beatrice Offshore Windfarm project in Germany.

Crawler Crane Market is expected to exceed USD 3 billion by 2024. The rising demand for high-capacity lifting solutions coupled with the flourishing construction sector across the globe is anticipated to drive the crawler crane market growth. Heavy lifting and material handling requirements at the construction and mining sites result in huge deployments of these machines. Government initiatives and support to develop the public & private infrastructure in countries including India and Canada drive the industry growth. For instance, in May 2018, Canada?s Federal Government announced the financial support of USD 9.08 billion for various infrastructure projects in Ontario.

The implementation of innovative control technologies in these machines required to control the heavy lifting operation drives the crawler crane market growth. Intelligent control systems in modern crawler cranes include the combination of hardware and software components to facilitate lifting operations. The functions include display and control instructions for the crane operator, monitoring of all control sensors, and the overload protection. Manufacturers offer increased user-friendliness and operator safety benefits by deploying these control technologies, further developing the crawler crane market. For instance, The Liebherr Group offers its 300 tons crawler cranes implemented with intelligent control systems, which provide several operator control functions such as vertical line finder, user-friendly display, and precise load transport.

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Increasing demand for fuel-efficient machines creates an awareness to improvise the crane manufacturing processes. Manufacturers in the crawler crane market are enhancing the production process to offer machines with increased fuel capabilities. Additionally, the need of controlling harmful emissions from high-intensity activities in the energy & power sector, eco-friendly initiatives across various sectors, the crawler crane market is witnessing the production of low fuel consuming machines.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Crawler Crane Industry Insights

Chapter 4. Crawler Crane Market, By Capacity

Chapter 5. Global Crawler Crane Market, By Application

Chapter 6. Global Crawler Crane Market, By Region

Chapter 7. Company Profiles

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Outer scope of this report According to Kermit Baker, Chief Economist of American Institute of Architecture, architects have continued to see an increase in demand with the need for new projects surging at a healthy rate. Moreover, the annual value of construction in June based on data by the U.S. Census Bureau accounted for $1,317,231. The increasing growth rate of the construction industry will eventually propel the growth of the crawler crane market.

The rapidly growing need for infrastructure has also pushed major players in the crawler crane market to innovate new technologies to cater to quality and reliability requirements. Recently, for instance, Sin Leng industries based in Singapore introduced a brand-new Tadano GTC-800 telescopic boom crawler crane to its equipment portfolio. As per the company’s operations manager, the shifting trends toward crawler telescopic cranes is caused due to site constraints.

The need for cranes that can shift along the access route between lifts and those that do not require an assist crane for erecting and convenient mobilization makes telescopic crawler cranes a much more attractive tool at a construction site. The extensive implementation of innovative technology is thus likely to stimulate the crawler crane market share in the forthcoming years.

Related Report:

Asia-Pacific Crawler Crane Market Report 2017

In this report, the Asia-Pacific Crawler Crane market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/asia-pacific-crawler-crane-market-report-2017/?utm_source=RR-AN

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