$28Bn by 2025, Crane Market Study Report By 2025

The global crane market size is expected to reach USD 28 billion by 2025, progressing at a CAGR 6% over the forecast period, according to a new report by Global Market Insights, Inc.

The crane market will garner substantial revenue growth owing to increasing investments in the construction sector. Over the years, the world has seen a steady rise in new private & public infrastructure construction activities. Factors like rapid growth in the urban sector coupled with increasing shift towards urban lifestyles is fueling the commencement of large-scale construction activities, in turn driving the demand for cranes.

Increasing developments across commercial & residential infrastructures along with growing development of complex structural designs could play a vital role in strengthening industry landscape. Besides, the remarkable features of cranes like improved efficiency, high payload carrying capacity and productivity might boost its adoption rate by construction companies, and other application industries.

Increasing imposition of federal regulations pertaining to site and worker safety could further support product demand. According to a new study, the crane market is likely to surpass USD 28 billion by the year 2025.

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However, the unavailability of trained & skilled operators in various regions could hinder the development of the crane industry. These machines require well-trained operators that can function these machines at rough & complex terrain project sites. In fact, if such operations are conducted by untrained recruits, these crane could lead to potential property damages or workplace fatalities.

In order to mitigate these issues, rental crane providers and manufacturers have begun offering certified & advanced operator training courses to numerous distributions & maintenance units. The Occupational Safety and Health Administration (OSHA) has also come forward to impose new mandates on crane operator certification.

Tower crane machines, amongst all fixed cranes, are termed as the most used cranes models due to its remarkable applications in constructing high rise structures. Regions like Europe and Asia are nowadays witnessing an increasing number of large-scale construction activities, which include the construction of multistory and heightened commercial & residential buildings. Growing prevalence of such activities could improve the adoption rate of high tower cranes.

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Tower cranes are usually employed to transfer and lift heavy materials while building complex structures and tall towers. These machines can minimize the amount of labor needed for transferring heavy construction materials, further lowering overall labor costs.

As a result, several crane manufacturers are working on designing new tower crane models that possess high load lifting features. Taking April 2019 for instance, Comansa revealed its plan to release new and bigger flat-top tower cranes that could endure a maximum load capacity of 66 tons.

Apart from Comansa, the crane market is being led by companies like Komatsu Ltd., Liebherr Group, Tadano Ltd., Sany Group, Manitowoc, XCMG Ltd., Effer S.pA., Kobelco Construction Machinery, and Terex Corporation. These companies are undertaking new business strategies to expand their regional presence. Manufacturers meanwhile are constantly seeking new partnerships and contracts with dealers to enhance their market presence.

Table of contents for this research report: https://www.gminsights.com/toc/detail/crane-market

Report Content

Chapter 1. Methodology and Scope

1.1. Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Crane industry 360° synopsis, 2014 – 2025

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

Chapter 3. Crane Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

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. Suppliers

3.3.2. Manufacturers

3.3.3. Service providers

3.3.4. Distribution channel analysis

3.3.5. End-use landscape

3.3.6. Vendor matrix

3.4. Technology & innovation landscape

3.5. Regulatory landscape

3.5.1.1. ISO 4310

3.5.1.2. ISO 8686

3.5.1.3. ISO 10245-1:2008

3.5.1.4. ISO 12480-1

3.5.1.5. ISO 23815-1

3.5.1.6. ISO 12482

3.5.1.7. ISO 23814

3.5.1.8. 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 & 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

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis, by application

3.9.1.1. Construction

3.9.1.2. Utility

3.9.1.3. Manufacturing

3.9.1.4. Transport/Shipping

3.9.1.5. Oil & gas

3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.10. PESTEL analysis

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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll-Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
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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