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China crane market size will be valued at USD 245 billion, growing at a compound annual growth rate (CAGR) of 3.21% by volume during 2021-2027
The rental market in the China crane industry is gaining high momentum as increasing proportions are being bought by crane rental companies from domestic players in China. The shift in intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the crane market is transitioning to a more innovative industry. The increasing demand for cranes is attributed to investments by favorable government policies and foreign multinationals are doubling down on their investments in China.
CHINA CRANE MARKET OUTLOOK
- In China, the demand for mobile cranes is rising substantially as China’s mobile crane market is the world's largest market for mobile cranes.
- In recent years, the contractors are changing from smaller tower cranes to medium ones of 18t - 20t capacity, which in turn, the tower cranes are gaining high traction in China.
- Demand for large-tonnage crawler cranes and truck cranes is rising to rush to construct wind power.
- The crane industry is expected to be pushed by China's ambitious project of investing heavily in infrastructure growth, including railways, roads and highways, airports, and ports.
KEY HIGHLIGHTS FROM THE REPORT
- The China crane market is expected to show incremental growth of 37,817 units from 2020-2027.
- The increasing demand for cranes is attributed to investments by favorable government policies, and foreign multinationals are doubling down on their investments in China.
CHINA CRANE MARKET - SEGMENTATION ANALYSIS
Market Segmentation by Crane Type
- Mobile Crane
- Crawler Cranes
- Rough Terrain Cranes
- All Terrain Cranes
- Truck Mounted Cranes
- Others
- Fixed Cranes
- Overhead Cranes
- Tower Cranes
Market Segmentation by Application
- Construction
- Mining
- Transport/Port
- Manufacturing
- Others
Market Segmentation by Gross Power
- Less than 20 Tons
- 20-100 Tons
- 101-200 Tons
- Greater than 200 Tons
VENDOR LANDSCAPE
Vendors in the China crane industry are innovating new technologies to grow in the market. Manufacturers and end-use industries are focusing on developing more fuel-efficient, technologically sophisticated machinery to enhance construction to create heavy demand in the China crane industry. Players holding the majority of the market share have their manufacturing facilities in China. They rely primarily on local distributors and dealers for the sale of cranes. Vendors are investing in developing smart crane technology that enables automated safety features, telematics, IoT, and remote monitoring capabilities.
Major Vendors
- XCMG Group
- SANY Group
- Zoomlion
- Manitex
- Tadano
- Manitowoc
- Kobelco Construction Machinery
- Konecranes
- Liebherr
- Terex Corporation
Other Prominent Vendors
- Link-Belt Cranes
- Kato Works Co. Ltd.
- American Crane & Equipment Corp. (ACE)
- China Communications Construction
- FUWA Heavy Industry Machinery
WHY SHOULD YOU BUY THIS REPORT?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
- Volume (Unit sales)
- Crane Type
- Application
- Gross Power
- Value (USD)
- Crane Type
- Application
- Gross Power
- Gain competitive intelligence about the economic scenario, advantages in China major projects and investments, market dynamics, market share
- Examples of latest technologies
- Get presentation-ready format and easy-to-interpret data
- Enable decision-makers to make informed and profitable choices
- Gain expert quantitative and qualitative analysis on value/volume growth projections of the China crane market share
- Complete supply chain analysis
- Get COVID-19 impact analysis of the market
- Company Profile of 10 key vendors and 5 other prominent vendors
KEY QUESTIONS ANSWERED:
1. How big is the China crane market?
2. What are the latest trends in the crane market in China?
3. Who are the key players in the China crane industry?
4. What are the key opportunities in the mobile crane market in China?
5. Which segment accounted for the highest share in the China crane industry?
Table of Contents
Section 1 - Introduction
Section 2 - The Market Overview
Section 3- Technological Developments
Section 4 Market Dynamics
Section 5 - Market Landscape
Section 6 - Competitive Landscape
Section 7 - Report Summary
Section 8 - Appendix (Report Scope & Definition)
LIST OF EXHIBITS
LIST OF TABLES
Companies Mentioned
- XCMG Group
- SANY Group
- Zoomlion
- Manitex
- Tadano
- Manitowoc
- Kobelco Construction Machinery
- Konecranes
- Liebherr
- Terex Corporation
- Link-Belt Cranes
- Kato Works Co. Ltd.
- American Crane & Equipment Corp. (ACE)
- China Communications Construction
- FUWA Heavy Industry Machinery
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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