The Reports and Insights, a leading market research company, has recently releases report titled “Crawler Cranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Crawler Cranes Market Trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Crawler Cranes Market?
The crawler cranes market size reached US$ 4.4 billion in 2023. The market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
What are Crawler Cranes?
Crawler cranes are robust lifting machines equipped with a lattice boom and mounted on an undercarriage with tracks, or crawlers, which ensure stability and mobility on uneven terrain. Renowned for their ability to lift and transport heavy loads with precision, these cranes are commonly employed in construction, mining, and infrastructure projects. The tracked design allows them to operate in challenging environments where wheeled cranes might face difficulties, providing superior stability and load-bearing capacity. Versatile in nature, crawler cranes can rotate 360 degrees and are designed to be transported in sections and assembled on-site, making them indispensable for large-scale and complex lifting operations.
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What are the growth prospects and trends in the Crawler Cranes industry?
The crawler cranes market growth is driven by various factors and trends. The crawler cranes market is witnessing substantial growth due to their crucial role in construction, mining, and infrastructure projects. These cranes are highly valued for their exceptional lifting capacity and versatility, offering stability and mobility on uneven terrain due to their tracked design. Market demand is propelled by increasing urbanization, infrastructure development, and large-scale construction activities globally. Technological advancements, including improved load-bearing capacities and enhanced safety features, further drive their adoption. The market also benefits from the growing trend of modular construction and renewable energy projects, which require significant lifting capabilities. As crawler cranes can be easily transported and assembled on-site, they are becoming indispensable for complex and large-scale operations, ensuring continuous market expansion. Hence, all these factors contribute to crawler cranes market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
- Telescopic Crawler Cranes
- Lattice Crawler Cranes
By Capacity:
- Up to 150 Tons
- 151-300 Tons
- 301-600 Tons
- Above 600 Tons
By Application:
- Construction
- Mining
- Oil & Gas
- Energy & Utilities
- Others
By End-Use:
- Rental Companies
- Construction Contractors
- Mining Companies
- Oil & Gas Companies
- Others
Market Segmentation by Region:
North America
- United States
- Canada
Europe
- Germany
- The U.K.
- France
- Spain
- Italy
- Russia
- Poland
- BENELUX
- NORDIC
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Egypt
- Israel
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Liebherr Group
- Terex Corporation
- Manitowoc Company Inc.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- XCMG Group
- SANY Group
- Kobelco Construction Machinery Co., Ltd.
- Hitachi Construction Machinery Co., Ltd.
- Tadano Ltd.
- Sumitomo Heavy Industries Construction Cranes Co., Ltd.
- Sennebogen Maschinenfabrik GmbH
- Link-Belt Cranes
- Manitex International, Inc.
- Kato Works Co., Ltd.
- Palfinger AG
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