New Study Forecasts Global Crawler Cranes Market to Witness Sustained Growth in Coming Years till 2028 ||Top Growing Industries- Kobelco Construction Machinery Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Liebherr International

The crawler cranes market continues to remain a fragmented landscape with presence of various large and medium-scale participants. In the fragmented scenario, top five companies involved in the manufacturing of crawler cranes account for a significant share of the overall crawler cranes market.

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Tier 1 companies such as Liebherr International AG, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., XCMG Construction Machinery Co. Ltd., and Sany Heavy Industry Co., collectively account for a share of more than 28 percent of the crawler cranes market.

Tier 1 companies in the crawler cranes market have been focusing on the Asia Pacific region to expand their sales footprint. They have been acquiring new contracts for crawler cranes in Asian countries and are developing new production plants. For instance, in December 2017, Zoomlion Heavy Industry Science and Technology Co., Ltd., secured a new contract to supply QUY180 crawler cranes for construction of viaduct of expressway in Djakarta (Indonesia).

VR Trend to Penetrate the Crawler Crane Training Space

Availability of skilled personnel to operate mobile cranes such as crawler cranes has always been a challenge for companies. In addition, training operators to efficiently run crawler cranes is time-consuming. Inexperience in running crawler cranes can lead to increased wear and tear as well as loss in operational efficiency and fuel. This resulted in the adoption of training simulations to extend training program scope and provide operators an innovative platform to experience operations crawler cranes without directly exercising on the field. However, traditional simulations are associated with high costs, zero natural depth perception owing to two-dimensional screen and less profitability.

In a bid to solve these problems, companies are using VR (virtual reality) that solves these challenges. Using VR, the trainee can have a real-time experience owing to the three-dimensional perception. The trend of VR is likely to proliferate in the crawler cranes, providing revolutionary training program and assessment platform for companies.  

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‘Rental’ Trend to Benefit OEMs – Influential Factor for Crawler Cranes Market Growth 

Significant costs associated with crawler cranes has triggered trend of renting of these equipment. The renting trend, however, is likely to auger well for the overall growth of crawler cranes as renting companies are expanding their crawler cranes fleet. For instance, Bigge Crane and Rigging Co., had been investing in crawler cranes provided by Kobelco Construction Machinery Co., Ltd. It continues to invest in Kobelco for its new crawler cranes – the CK110G-2 – which will expand Bigge’s crawler cranes fleet by around 10 percent in 2018, reaching a count of 250 crawler cranes. Bigge has been renting Kobelco’s crawler cranes since 15 years and looks forward to continue its partnership with the crawler cranes OEM.

Likewise, AGD Rental, the first rental company in UK, offers hydraulic crawler cranes. It offers low capacity crawler cranes ranging from 50 – 100 tons for compact-area applications such as tunneling.

Competitive Landscape

The crawler cranes market report covers profiles of participants that are involved in the manufacturing of crawler cranes. Key aspects of competition including product portfolio, developments, new product launches, new technologies adopted, key strategies and innovations and key financials are covered in the crawler market report. The report on crawler cranes market has profiled companies such as Kobelco Construction Machinery Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Liebherr International AG, The Manitowoc Company Inc., and Terex Corporation.

The companies involved in the manufacturing of crawler cranes are largely and actively involved in developing new crawler cranes with enhanced features such as higher lifting capacities. Kobelco Construction Machinery Co. Ltd. has launched hydraulic crawler cranes in 2018. Kobelco’s CK3300G-2, CKE3000G and CKS3000 are multipurpose hydraulic crawler cranes that feature high lifting capacities of 300 MT.

In 2018, Liebherr International AG has unveiled 800 ton LR 1800-1.0 new crawler cranes that are designed for maximum performance. These crawler cranes are suited for petrochemicals and power plant construction applications. These new crawler cranes have VarioTray with derrick ballast and enable low cost transport.

Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., has launched new lattice boom crawler cranes with 80 tons capacity that feature enhanced operator comfort via a 1,040 mm wide operator cabin along with enhanced design that facilitates reduced downtime and maintenance.

The Manitowoc Company Inc., has launched MLC100-1 crawler cranes with a 100 ton capacity, making them the quickest crawler cranes to erect and assemble. These crawler cranes enable significant time saving and faster tear-down times.

Palfinger AG has introduced new crawler cranes mounted on crawler chassis. These new crawler cranes include a modular system with three modules – the crane, counterweight and crawler – that can be individually operated and combined. These crawler cranes are capable of working on difficult terrains such as during construction of power lines and cable lifts.

Companies in the crawler cranes market are investing a substantial amount in research for developing new prototypes. For instance, Jekko s.r.l has been investing over 10 percent of personal costs in research to develop new crawler cranes. Recently, Jekko introduced JF545 crawler cranes that are lighter due to absence of counterweight, offer high performance and feature infinite lifting capabilities. JF545 crawler cranes are available in both diesel and electric engines.

Market Structure

The crawler cranes market has been segmented in-depth to include every angle in the study. The crawler cranes market has been segmented on the basis of boom type, by maximum load capacity (tons), by end use industry and region. The boom type crawler cranes are categorized into lattice boom and telescopic boom crawler cranes. In the maximum load capacity, the crawler cranes are categorized into 600 tons. By end use industry, crawler cranes demand across applications such as oil & gas industry, wind farms, construction and shipping & port building is revealed.

The crawler cranes market has been assessed across key regions of North America, Latin America, Europe, CIS & Russia, Japan, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA).

Research Methodology

The crawler cranes market report has been drafted using an exclusive research process that features secondary and primary research methodologies. The data and statistics on crawler cranes market obtained from these sources is combined with external information sources and the information is triangulated to obtain highly accurate intelligence on demand and sales of crawler cranes.  

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