The Global Truck Loader Crane Market is estimated to be USD 2.59 Bn in 2023 and is expected to reach USD 3.25 Bn by 2028 growing at a CAGR of 4.62%.The truck loader crane market has experienced significant growth due to the expansion of the construction industry globally
A truck loader is a crane installed on the chassis of a truck. Its principal function is to load and unload trucks. It can lift loads from all sides, increasing its versatility. The crane truck is a movable boom crane mounted on an industrial truck that can be used to lift bundled or coiled cargo using hooks, grabs, and slings.
Truck loader crane demand is expected to be fueled by new and ongoing huge construction projects worldwide. Several countries, including the United States, the United Kingdom, Germany, China, and India, are investing heavily in infrastructure development projects, such as constructing railway tunnels, commercial and residential buildings, airports, and port extensions. These devices are used on construction sites to load and unload heavy goods from the truck's deck. The constantly expanding oil and gas industry is moving the truck loader crane market forward. The truck loader cranes' robust design allows them to be used for heavy-duty applications, offering efficient and dependable vertical transportation for offshore installations. These cranes are used in the oil extraction industry to safely and securely convey liquid containers.
Moreover, companies are now manufacturing new loader crane models developed for a particular application. For instance, HIBAB has manufactured a loader crane model for the waste and recycling industry, where municipalities and local governments need to handle the management of collecting and scraping waste effectively.
However, inappropriate equipment utilization is hampering the growth of the Global Truck Loader Market. The failure to prioritize the safety and efficiency of truck loader cranes leads to incorrect loading and unloading operations at building sites. But implementing suitable government rules for working with heavy items, as well as other proactive initiatives to raise awareness of crane usage, such as training personnel on proper usage, will aid in preventing workplace accidents.
Market Segmentations
- The Global Truck Loader Crane Market is segmented based on Type, Capacity, Sales, End User, and Geography.
- By Type, the market is classified into Knuckle Boom and Stiff Boom.
- The Knuckle Boom segment holds the largest market share due to the increased demand for versatile load-lifting equipment. A knuckle boom loader crane's foldable arm makes it ideal for lifting objects in unusual or confined spaces.
- By Capacity, the market is classified into Small-duty- Up to 6 Metric Tons, Medium-duty- 7 to 20 Metric Tons, Big-duty- 21 to 80 Metric Tons, and Heavy-duty- Above 80 Metric Tons.
- Medium duty segment holds the largest market share. The increasing demand for medium-duty cranes can be attributed to a variety of factors, including their ease of installation and operation when compared to traditional crane equipment, as well as their ability to replace workers in load-lifting tasks.
- By Sales, the market is classified into New Sales and Aftermarket.
- The new Sales segment holds the largest market share as companies are developing new loader crane types tailored to certain applications.
- By End User, the market is classified into Rental, Construction, Mining, Oil & Gas, Energy, Forestry, and Logistics. Rental segment holds the largest market share. Customers can use rental services to rent equipment for a specific period rather than purchasing a new machine. Furthermore, renting services eliminates the requirement for equipment maintenance and service.
- By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific. Europe holds the largest market share because of the significantly increasing building and development activities and the widespread presence of established industry players.
Recent Development
- In Accra, SMT Ghana, the authorized distributor for Volvo Construction Equipment, Volvo Trucks, and Volvo Penta in Ghana, organized a grand event to unveil four new ranges of heavy-duty trucks from Volvo - August 2022.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Company American Crane and Equipment Corp, Atlas GmbH, IHI Corp., Palfinger Ag, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Truck Loader Crane Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Truck Loader Crane Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Truck Loader Crane Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Truck Loader Crane Market, By Type
7 Global Truck Loader Crane Market, By Capacity
8 Global Truck Loader Crane Market, By Sales
9 Global Truck Loader Crane Market, By End User
10 Americas' Truck Loader Crane Market
11 Europe's Truck Loader Crane Market
12 Middle East and Africa's Truck Loader Crane Market
13 APAC's Truck Loader Crane Market
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- American Crane and Equipment Corp
- Atlas GmbH
- Broderson Manufacturing Corp
- Cargotec Corp.
- Cormach Srl
- Fassi Gru S.p.A.
- IHI Corp
- KHL Group LLP
- Konecranes
- Liebherr-International Deutschland GmbH
- Manitex International
- Palfinger Ag
- Prangl Gesellschaft m.b.H.
- Randall-Reilly, LLC.
- SANY Group
- Tadano Ltd.
- Terex Corp.
- The Manitowoc Company, Inc.
- XCMG Group
- Zoomlion Heavy Industry Science&Technology Co., Ltd.
- ZPMC Shanghai Zhenhua Heavy Industries Co. Ltd.