The global crane market is likely to grow at a CAGR of 6.8% over the forecast period i.e. 2022-2031. The market generated a revenue of around USD 33,000 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 62,000 Million by the end of 2031. The market growth is significantly driven by rising constructional activities and need of housing among the population. Moreover, higher prevalence of urbanization and increasing demand of all terrain cranes is expected to propel the market growth.
The global crane management market is segmented by functionality and by end user. On the basis of type, market is further fragmented into mobile crane, fixed crane, and marine & offshore marine. The mobile crane is anticipated to garner the highest revenue of nearly USD 30,000 million by the end of 2031 by growing at a CAGR of 6.4% over the forecast period. The segment collected a revenue of nearly USD 16,000 million in 2021.
On the basis of region, the global crane market is segmented into North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in Asia Pacific collected the highest revenue of nearly USD 13,000 million in 2021. By the end of 2031, the market in Asia Pacific is estimated to garner a revenue of about USD 26,000 million, by growing at the CAGR of 7.2% over the forecast period.
Some of the prominent industry leaders in the global crane market that are included in our report are Palfinger AG, Liebherr International AG, Kobelco Cranes Co. Ltd., Favelle Favco Group, Tadano Limited, Terex Corporation, Manitowoc, Cargotec OYJ, Konecranes PLC, Zoomlion Heavy Industry Science and Technology Co. Ltd. and others.
The global crane management market is segmented by functionality and by end user. On the basis of type, market is further fragmented into mobile crane, fixed crane, and marine & offshore marine. The mobile crane is anticipated to garner the highest revenue of nearly USD 30,000 million by the end of 2031 by growing at a CAGR of 6.4% over the forecast period. The segment collected a revenue of nearly USD 16,000 million in 2021.
On the basis of region, the global crane market is segmented into North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in Asia Pacific collected the highest revenue of nearly USD 13,000 million in 2021. By the end of 2031, the market in Asia Pacific is estimated to garner a revenue of about USD 26,000 million, by growing at the CAGR of 7.2% over the forecast period.
Some of the prominent industry leaders in the global crane market that are included in our report are Palfinger AG, Liebherr International AG, Kobelco Cranes Co. Ltd., Favelle Favco Group, Tadano Limited, Terex Corporation, Manitowoc, Cargotec OYJ, Konecranes PLC, Zoomlion Heavy Industry Science and Technology Co. Ltd. and others.
Table of Contents
1. Market Definition
3. Research Methodology
5. Market Dynamics
13. Competitive Landscape
14. Global Company Profile
15. Global Crane Market
16. North America Crane Market
17. Europe Crane Market
18. Asia Pacific Crane Market
19. Latin America Crane Market
20. Middle East & Africa Crane Market
Companies Mentioned
- Palfinger AG
- Liebherr International AG
- Kobelco Cranes Co. Ltd.
- Favelle Favco Group
- Tadano Limited
- Terex Corporation
- Manitowoc
- Cargotec OYJ
- Konecranes PLC
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
