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Rising investments in infrastructure development worldwide are driving the crawler crane market size, which crossed USD 2 billion in 2023 and is expected to expand at a CAGR of 6% from 2024 to 2031.
Customers' increasing desire for high-end, visually beautiful buildings, along with the government's new emphasis on infrastructure development, should drive the industry's growth. In order to cater to the demands of infrastructure development projects, which are expected to fuel the rise of the crawler crane market, manufacturers are expanding their product lines and introducing advanced features that improve lifting capability and safety. Investments to update building processes with state-of-the-art technology are expected to drive company growth by 2032, driven by the increasing dependence of construction enterprises on advanced electronic cranes for economic benefits and carbon footprint reduction.
Over the forecast period, the demand for crawler cranes is expected to be driven by their use in handling and picking large components, dumping waste, and transporting bulky products. It is anticipated that the construction sector will see a significant demand for modern machinery due to the ongoing updating of existing infrastructures. This is driving demand in the crawler cranes industry. Crawler cranes are anticipated to be a highly lucrative industry due to their widespread use in several sectors like construction and mining, oil and gas, transportation and logistics, and many more.
With an emphasis on the worldwide market trend analysis, the "Global Crawler Cranes Market Analysis to 2028" provides a detailed and expert examination of the Crawler cranes sector. The crawler cranes market is segmented according to capacity, application, and geography, and the report's goal is to offer a comprehensive analysis of the market. There will likely be a surge in demand for crawler cranes around the world during the next few years. In addition to outlining important trends and possibilities in the crawler cranes market, the research also gives crucial statistics on the market status of the major companies in this space.
Throughout the forecast period, the worldwide crawler cranes market is anticipated to maintain a consistent revenue CAGR, building on its robust performance in 2020. Over the projected period, the market is expected to experience revenue growth due to a number of important factors. These include the increasing worldwide need for energy, the introduction of novel and advanced technologies for heavy industries, and the rapid expansion of infrastructure around the globe. Other important aspects anticipated to contribute to the revenue growth of the market in the future are the rising demand for crawler cranes, the proliferation of heavy equipment rental businesses, and advancements in the construction and mining sectors worldwide.
Crawler cranes are commonly employed in the construction industry for tasks involving heavy lifting and handling huge assembly. The crawler crane's booms are attached to an undercarriage that has crawler tracks, which allow the crane to move around and remain stable. With its crawler design, cranes can move large loads over uneven terrain with ease and avoid sinking altogether. Technological advancements in crawler crane systems have made them more dependable and durable, allowing them to operate in challenging situations for longer periods of time. These cranes find extensive application in a variety of industries, including building and manufacturing, transportation, and industrial facilities. These cranes are multipurpose equipment that can work on a wide variety of terrain thanks to their telescopic booms.
As an added convenience, crawler cranes include wheels that make them easier to maneuver even in tough terrain. The advent of crawler cranes has simplified the process of lifting and transporting large objects from one building site to another. These cranes have state-of-the-art computer safety assistance, stability warnings, and overload alerts to ensure that equipment stays up and running as long as possible. The demand for crawler cranes in the construction sector has recently expanded dramatically due to the growing emphasis on green construction and repair activities. These cranes also enable operations that are more ergonomic and eco-friendly.
The overall weight of a crawler crane is enormous, which makes transporting it a challenging and expensive task. The total cost of projects rises when large crawlers have to be dismantled and transferred to subsequent construction sites by trucks or ships. Market growth is hindered by constraints such as labor-intensive installation, expensive maintenance and repair costs, and depreciation.
Report Coverage
Global Crawler Cranes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Crawler Cranes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Crawler Cranes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Crawler Cranes market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Crawler Cranes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Crawler Cranes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Liebherr Group, Action Construction Equipment Limited, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Furukawa UNIC Corporation, Palfinger AG, The Manitowoc Company, Böcker Maschinenwerke GmbH, R&B Engineering.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Crawler Cranes market based on the below-mentioned segments:
Global Crawler Cranes Market, By Capacity
Below 50 Metric Ton
50 to 250 Metric Ton
251 to 450 Metric Ton
More than 450 Metric Ton
Global Crawler Cranes market, By Application
Construction
Mining
Transport
Oil & Gas
Energy
Others
Global Crawler Cranes market, Regional Analysis
Customers' increasing desire for high-end, visually beautiful buildings, along with the government's new emphasis on infrastructure development, should drive the industry's growth. In order to cater to the demands of infrastructure development projects, which are expected to fuel the rise of the crawler crane market, manufacturers are expanding their product lines and introducing advanced features that improve lifting capability and safety. Investments to update building processes with state-of-the-art technology are expected to drive company growth by 2032, driven by the increasing dependence of construction enterprises on advanced electronic cranes for economic benefits and carbon footprint reduction.
Over the forecast period, the demand for crawler cranes is expected to be driven by their use in handling and picking large components, dumping waste, and transporting bulky products. It is anticipated that the construction sector will see a significant demand for modern machinery due to the ongoing updating of existing infrastructures. This is driving demand in the crawler cranes industry. Crawler cranes are anticipated to be a highly lucrative industry due to their widespread use in several sectors like construction and mining, oil and gas, transportation and logistics, and many more.
With an emphasis on the worldwide market trend analysis, the "Global Crawler Cranes Market Analysis to 2028" provides a detailed and expert examination of the Crawler cranes sector. The crawler cranes market is segmented according to capacity, application, and geography, and the report's goal is to offer a comprehensive analysis of the market. There will likely be a surge in demand for crawler cranes around the world during the next few years. In addition to outlining important trends and possibilities in the crawler cranes market, the research also gives crucial statistics on the market status of the major companies in this space.
Throughout the forecast period, the worldwide crawler cranes market is anticipated to maintain a consistent revenue CAGR, building on its robust performance in 2020. Over the projected period, the market is expected to experience revenue growth due to a number of important factors. These include the increasing worldwide need for energy, the introduction of novel and advanced technologies for heavy industries, and the rapid expansion of infrastructure around the globe. Other important aspects anticipated to contribute to the revenue growth of the market in the future are the rising demand for crawler cranes, the proliferation of heavy equipment rental businesses, and advancements in the construction and mining sectors worldwide.
Crawler cranes are commonly employed in the construction industry for tasks involving heavy lifting and handling huge assembly. The crawler crane's booms are attached to an undercarriage that has crawler tracks, which allow the crane to move around and remain stable. With its crawler design, cranes can move large loads over uneven terrain with ease and avoid sinking altogether. Technological advancements in crawler crane systems have made them more dependable and durable, allowing them to operate in challenging situations for longer periods of time. These cranes find extensive application in a variety of industries, including building and manufacturing, transportation, and industrial facilities. These cranes are multipurpose equipment that can work on a wide variety of terrain thanks to their telescopic booms.
As an added convenience, crawler cranes include wheels that make them easier to maneuver even in tough terrain. The advent of crawler cranes has simplified the process of lifting and transporting large objects from one building site to another. These cranes have state-of-the-art computer safety assistance, stability warnings, and overload alerts to ensure that equipment stays up and running as long as possible. The demand for crawler cranes in the construction sector has recently expanded dramatically due to the growing emphasis on green construction and repair activities. These cranes also enable operations that are more ergonomic and eco-friendly.
The overall weight of a crawler crane is enormous, which makes transporting it a challenging and expensive task. The total cost of projects rises when large crawlers have to be dismantled and transferred to subsequent construction sites by trucks or ships. Market growth is hindered by constraints such as labor-intensive installation, expensive maintenance and repair costs, and depreciation.
Report Coverage
Global Crawler Cranes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Crawler Cranes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Crawler Cranes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Crawler Cranes market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Liebherr Group, Action Construction Equipment Limited, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Furukawa UNIC Corporation, Palfinger AG, The Manitowoc Company, Böcker Maschinenwerke GmbH, R&B Engineering. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Crawler Cranes Market from 2021 to 2031.
- Market Forecast for Crawler Cranes Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Crawler Cranes competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Crawler Cranes
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Crawler Cranes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Crawler Cranes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Liebherr Group, Action Construction Equipment Limited, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Furukawa UNIC Corporation, Palfinger AG, The Manitowoc Company, Böcker Maschinenwerke GmbH, R&B Engineering.
Primary Target Market
- Market Players of Crawler Cranes
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Crawler Cranes market based on the below-mentioned segments:
Global Crawler Cranes Market, By Capacity
Below 50 Metric Ton
50 to 250 Metric Ton
251 to 450 Metric Ton
More than 450 Metric Ton
Global Crawler Cranes market, By Application
Construction
Mining
Transport
Oil & Gas
Energy
Others
Global Crawler Cranes market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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