China Crane Market Size by Volume to Reach 2,00,170 units by 2027 – Arizton

In-depth analysis and data-driven insights on the impact of COVID-19 included in this China crane market report.

The China crane market by volume is expected to grow at a CAGR of over 3.21% during the period 2021−2027.

Key Highlights Offered in the Report:
1. The crane market in China by revenue is expected to reach USD 245 billion by 2027.
2. Cranes used in the construction industry accounted for the largest share of over 38%, followed by the manufacturing industry in 2020.
3. Cranes are typical intermediate conductive industries, and their demand continues to be robust, owing to China's 13th Five-Year Plan's strong support for high-end equipment manufacture, energy and power, transportation, new energy vehicles, and other sectors.
4. In 2020, the less than 20 tons lifting capacity crane segment accounted for the highest share of around 45.9%.
5. Cranes are commonly used in industrial fabrication, manufacturing, and maintenance activities when raw materials and components must be transported in a circular or semi-circular region. As a result, the closure of different manufacturing/industrial plants had a direct influence on crane purchases.
6. Telematics, IoT, remote monitoring, fuel efficiency, and industry-grade video monitoring solutions are new technologies being adopted in the China crane market.
7. Prefabricated buildings are “strongly promoted” by the Chinese government. By 2020, it was estimated that more than 300 Chinese prefabricated-component manufacturers would serve China's construction sector, with the prefabricated buildings and steel structure markets valued roughly at USD 300 billion and USD 50 billion, respectively.

Key Offerings:
• Market Size & Forecast by Volume|2021−2027
• Market Size & Forecast by Revenue|2021−2027
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by crane type, application, and gross power output
• Competitive Landscape – 10 key vendors and 5 other prominent vendors

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China Crane Market – Segmentation

Market Segmentation by Crane Type
• Mobile Crane
• Crawler Cranes
• Rough Terrain Cranes
• All Terrain Cranes
• Truck Mounted Cranes
• Others
• Fixed Cranes
• Overhead Cranes
• Tower Cranes
Market Segmentation by Application
• Construction
• Mining
• Transport/Port
• Manufacturing
• Others
Market Segmentation by Gross Power
• Less than 20 Tons
• 20-100 Tons
• 101-200 Tons
• Greater than 200 Tons

Why Should You Buy This Research?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
• Volume (Unit sales)
o Crane Type
o Application
o Gross Power
• Value (USD)
o Crane Type
o Application
o Gross Power
• Gain competitive intelligence about the economic scenario, advantages in China major projects and investments, market dynamics, market share
• Examples of latest technologies
• Get presentation-ready format and easy-to-interpret data
• Enable decision-makers to make informed and profitable choices
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the China crane market share
• Complete supply chain analysis
• Get COVID-19 impact analysis of the market

China Crane Market – Vendor Landscape

OEMs will focus on adding sensor systems for driver assistance and lower equipment downtime, minimizing the extra cost. As a result, crane demand is projected to increase in the future. There is a fierce rivalry in technology and design and crane manufacturers are aggressively promoting their products, emphasizing more on technology, additional features, and a range of attachments. Windcrane, a business that sells remote wind speed monitoring devices such as the Windcrane Max and the more simple Windcrane Mini, provides customers real-time monitoring of wind speeds from cranes, and automated notifications to an App and the ability to store historical wind data. Tower cranes, as well as wheeled mobile and crawler cranes, can use this system. XCMG formerly had clear advantages (compact design and low failure rate) in the 35-60Tons market, but since Sany and Zhonglian introduced four bridge 35 Tons category models, their market share has dramatically grown.

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Major Vendors
• XCMG Group
• SANY Group
• Zoomlion
• Manitex
• Tadano
• Manitowoc
• Kobelco Construction Machinery
• Konecranes
• Liebherr

Other Prominent Vendors
• Link-Belt Cranes
• Kato Works Co. Ltd.
• American Crane & Equipment Corp. (ACE)
• China Communications Construction
• FUWA Heavy Industry Machinery

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