According to the report, the global crawler crane market attained a value of USD 2173.1 million in 2022. Aided by the increasing construction activities and the growing demand for advanced lifting equipment, the market is projected to further grow at a CAGR of 6.1% between 2023 and 2028 to reach a value of USD 3041.50 million by 2028.
Crawler cranes are heavy-duty lifting equipment that are mounted on a tracked, or crawler, chassis. These cranes offer exceptional mobility and stability, making them ideal for use in a wide range of construction and industrial applications, including bridge construction, power plant projects, and shipbuilding, among others. Crawler cranes are designed to lift heavy loads and provide precise positioning, making them a vital tool in various industries.
The increasing construction activities worldwide, particularly in developing countries, are driving the growth of the global crawler crane market, due to the increasing need to carry heavy loads for construction processes. The rapid urbanisation and infrastructural development in these regions have led to a higher demand for advanced lifting equipment, such as crawler cranes, to facilitate efficient and safe construction processes.
The growing demand for energy-efficient and eco-friendly construction equipment is another key factor propelling the crawler crane market growth. Manufacturers are focusing on the development of energy-efficient and low-emission crawler cranes, which not only reduce the environmental impact of construction activities but also help companies comply with stringent emission regulations.
The integration of advanced technologies, such as telematics and remote monitoring systems, into crawler cranes is further boosting the market growth. These technologies allow for real-time monitoring of crane performance and diagnostics, enabling operators to optimise crane usage and reduce downtime due to maintenance or repairs.
The expansion of the wind energy sector is also expected to contribute to the growth of the crawler crane market. Crawler cranes are commonly used in the installation and maintenance of wind turbines due to their excellent lifting capacity, stability, and mobility, making them an essential tool in the growing renewable energy industry.
Crawler cranes are heavy-duty lifting equipment that are mounted on a tracked, or crawler, chassis. These cranes offer exceptional mobility and stability, making them ideal for use in a wide range of construction and industrial applications, including bridge construction, power plant projects, and shipbuilding, among others. Crawler cranes are designed to lift heavy loads and provide precise positioning, making them a vital tool in various industries.
The increasing construction activities worldwide, particularly in developing countries, are driving the growth of the global crawler crane market, due to the increasing need to carry heavy loads for construction processes. The rapid urbanisation and infrastructural development in these regions have led to a higher demand for advanced lifting equipment, such as crawler cranes, to facilitate efficient and safe construction processes.
The growing demand for energy-efficient and eco-friendly construction equipment is another key factor propelling the crawler crane market growth. Manufacturers are focusing on the development of energy-efficient and low-emission crawler cranes, which not only reduce the environmental impact of construction activities but also help companies comply with stringent emission regulations.
The integration of advanced technologies, such as telematics and remote monitoring systems, into crawler cranes is further boosting the market growth. These technologies allow for real-time monitoring of crane performance and diagnostics, enabling operators to optimise crane usage and reduce downtime due to maintenance or repairs.
The expansion of the wind energy sector is also expected to contribute to the growth of the crawler crane market. Crawler cranes are commonly used in the installation and maintenance of wind turbines due to their excellent lifting capacity, stability, and mobility, making them an essential tool in the growing renewable energy industry.
Market Segmentation
The market can be divided based on capacity, application, and region.Market Breakup by Capacity
- Below 50 Tons
- 50 To 100 Tons
- 101 To 150 Tons
- 151 To 200 Tons
- 201 To 250 Tons
- 251 To 300 Tons
- 301 To 350 Tons
- 351 To 400 Tons
- More than 400 Tons
Market Breakup by Application
- Construction and Mining
- Transport
- Oil and Gas
- Utility
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global crawler crane companies. Some of the major key players explored in the report are as follows:- Liebherr-International AG
- Sennebogen Erich Holding GmbH & Co KG
- The Manitowoc Company, Inc
- Link-Belt Cranes, L.P, LLLP
- Kobe Steel, Ltd (Kobelco)
- Kato Works Co., Ltd
- SANY Heavy Industry Co., Ltd
- Sumitomo Heavy Industries Construction Cranes Co., Ltd
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Crawler Crane Market Analysis
8.1 Key Industry Highlights
8.2 Global Crawler Crane Historical Market (2018-2022)
8.3 Global Crawler Crane Market Forecast (2023-2028)
8.4 Global Crawler Crane Market by Capacity
8.4.1 Below 50 Tons
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 50 To 100 Tons
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 101 To 150 Tons
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 151 To 200 Tons
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 201 To 250 Tons
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 251 To 300 Tons
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 301 To 350 Tons
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 351 To 400 Tons
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2018-2022)
8.4.8.3 Forecast Trend (2023-2028)
8.4.9 More than 400 Tons
8.4.9.1 Market Share
8.4.9.2 Historical Trend (2018-2022)
8.4.9.3 Forecast Trend (2023-2028)
8.5 Global Crawler Crane Market by Application
8.5.1 Construction and Mining
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Transport
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Oil and Gas
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Utility
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Manufacturing
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Crawler Crane Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Crawler Crane Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Crawler Crane Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Crawler Crane Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Crawler Crane Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Crawler Crane Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Liebherr-International AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sennebogen Erich Holding GmbH & Co. KG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The Manitowoc Company, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Link-Belt Cranes, L.P., LLLP
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kobe Steel, Ltd (Kobelco)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kato Works Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 SANY Heavy Industry Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sumitomo Heavy Industries Construction Cranes Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
Companies Mentioned
- Liebherr-International AG
- Sennebogen Erich Holding GmbH & Co. KG
- The Manitowoc Company, Inc.
- Link-Belt Cranes, L.P., LLLP
- Kobe Steel, Ltd (Kobelco)
- Kato Works Co., Ltd.
- SANY Heavy Industry Co., Ltd.
- Sumitomo Heavy Industries Construction Cranes Co., Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 122 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 2257.8 Million |
| Forecasted Market Value ( USD | $ 3041.5 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
