Crawler Carriers Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Crawler Carriers Market Size
The global Crawler Carriers market was valued at US$ 1033.4 million in 2023 and is anticipated to reach US$ 1490.8 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

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Crawler Carriers Market Trends
Significant technological improvements and an increase in infrastructure building activities worldwide are the main drivers of the crawler carriers industry. The mining and construction sectors now rely heavily on crawler carriers due to their superior mobility, increased durability, and increased load-bearing capacity, among other innovations in carrier design. Furthermore, the increasing trend of urbanization and industrialization, particularly in emerging nations, has resulted in a significant increase in infrastructure projects, hence driving the demand for crawler carriers.
The growing need for crawler carriers in the mining and agricultural sectors is another important factor propelling the market. These carriers are crucial to mining operations because they enable the efficient and safe transportation of large loads over difficult terrain. Crawler carriers are being utilized more often in agriculture for tasks like crop transporting and irrigation.
Crawler Carriers Market Share
Three firms dominate the global crawler carrier market: Yanmar, Takeuchi, and Kubota, together holding 65% of the market. With a market share of over 70%, Japan is the world's biggest producer of crawler carriers, with China coming in second with 14%. With 39% of the market, North America holds the highest share, followed by Europe and Japan with 29% and 5% of the market, respectively.

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Segment by Max Load Capacity

• Below 5t
• 5-10t
• Above 10t

Segment by Application

• Pipeline Industry
• Construction and Utility Industries
• Others

By Company

Kubota, Takeuchi, Yanmar, KATO WORKS, Prinoth Corporate, Morooka, Jikai Equipment Manufacturing, Terramac, Kotech, Xiaotui Mechanics

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This release was published on openPR.