Global Crawler Cranes Market, By Capacity (Below 50 Metric Tons, 50 to 250 Metric Tons, 250 to 450 M

Published Date: | Report Code : EQ1958617

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Increasing demand from Oil & Gas Industry, Wind Farms, Construction, Shipping & Port Building for various applications is expected to drive market growth of Crawler Cranes Market during the forecast period.

Crawler cranes are cranes installed on an undercarriage that provide stability and mobility with a set of tracks or crawlers. Crawler cranes the work short for toughest jobs. They are accessible for applications in a wide range of areas, including heavy-duty foundation job, in a wide range of lifting capabilities. Crawler cranes have the primary benefit of being able to move around on site and execute each lift with little set-up, as the crane is stable on its tracks without outriggers. Another benefit is that it is possible for crawler cranes to travel with a load.

Major applications that crawler cranes serve include infrastructure building and maintenance functions such as houses, roads, railways, and bridges. The machines involve elevated lifting capabilities and longer working radius to meet these application-specific requirements. Hence, crawler crane manufacturers are developing high-capacity & lightweight machines and focusing on reducing the weight and machine dimensions of transportation.

Segment Analysis:

Global crawler cranes market is growing with the increasing investments in the infrastructure development and energy sectors by the developing economies. Also, several government initiatives for upgrading the existing infrastructures are expected to generate a high demand for advanced machines in the construction sector is boosting the demand for global crawler cranes market. Additionally, substantial growth in the wind farms and power distribution industry is fueling the growth for global crawler cranes market.

Key Factors Impacting Market Growth:

  • Rising demand for high capacity lifting solutions

  • Rising urbanization and industrialization

  • High maintenance and operating costs

  • Bulky structure and weight of high-capacity crawler cranes creates transportation and installation issues

Regional Outlook:

Major regions for crawler cranes market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for crawler cranes owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Oil & Gas Industry, Wind Farms, Construction, Shipping & Port Building. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for crawler cranes market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Oil & Gas Industry, Wind Farms, Construction, Shipping & Port Building are estimated to register high demand for crawler cranes market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of crawler cranes market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for crawler cranes market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: The Liebherr Group, Furukawa UNIC Corporation, Hitachi-Sumitomo Heavy Industries Construction Crane Co., Ltd., Terex Corporation, ACE, Zoomlion Heavy Industry Science & Technology Co., Ltd., Palfinger AG, Manitowoc, Jekko s.r.l., Sany Group, Tadano Ltd., XCMG Group, Komatsu Ltd., The Escorts Group, and Hyundai Construction Equipment

Market Segmentation:

By Capacity:

  • Below 50 Metric Tons

  • 50 to 250 Metric Tons

  • 250 to 450 Metric Tons

  • 450 to 650 Metric Tons

By Boom Type:

  • Lattice Boom Crawler Cranes

  • Telescopic Boom Crawler Cranes

By End Use Industry:

  • Oil & Gas Industry

  • Wind Farms

  • Construction

  • Shipping & Port Building

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Capacity

    • By Boom Type

    • By End Use Industry

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Capacity

    • By Boom Type

    • By End Use Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Capacity

    • By Boom Type

    • By End Use Industry

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Capacity

    • By Boom Type

    • By End Use Industry

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Capacity

    • By Boom Type

    • By End Use Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Capacity

    • By Boom Type

    • By End Use Industry

Reasons To Buy This Report:

  • Market size estimation of the global crawler cranes market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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