出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年12月
Crane and Hoist Market – Global Forecast to 2028
クレーン＆ホイスト市場 : 移動式クレーン (ラティス＆伸縮ブーム、クローラー、不整地走行、全地形対応、トラックローダー)、固定クレーン (産業用、タワー、船舶から陸上)、操作 (油圧、電気)、ホイスト、業界、地域別 – 2028年までの世界予測
Crane and Hoist Market by Mobile Cranes (Lattice & Telescopic Boom, Crawler, Rough Terrain, All-Terrain, Truck Loader), Fixed Cranes (Industrial, Tower, Ship-to-Shore), Operation (Hydraulic, Electric), Hoist, Industry and Region – Global Forecast to 2028
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Report Overview
The crane and hoist market is expected to grow from USD 31.5 billion in 2023 to USD 37.1 billion by 2028, at a CAGR of 3.3% during the forecast period. Sustainable demand from construction industry and expanding mining industry driving the crane ad hoist market.
“Mobile crane segment is expected to grow at the highest CAGR during the forecast period”
The mobile crane segment is expected to grow at the highest CAGR during the forecast period. Mobile cranes offer versatility in terms of mobility and adaptability to various job sites. They can be easily transported and set up, making them suitable for different construction projects and industries. Their ability to swiftly move and set up at different locations contributes to increased efficiency in operations. Compared to fixed cranes, mobile cranes have faster setup times. This rapid deployment is advantageous, particularly in time-sensitive projects or situations where frequent relocation is necessary.
“Hybrid operation segment is expected to grow at the highest CAGR during the forecast period”
Hybrid operation segment is expected grow at the highest CAGR during the forecast period. Hybrid-operated cranes utilize both electrical supply and diesel generators for power. Some incorporate a large battery energy storage system (ESS) to store electricity. Through regenerative power, energy generated during load descent charges the ESS, providing extra power for lifting tasks. Their primary aim is to cut fuel usage and operational costs. Rubber-tired gantry (RTG) cranes often use a steady-speed diesel generator for hoisting, but implementing a hybrid power system reduces fuel consumption and greenhouse gas emissions. As battery technology advances and environmental concerns grow, hybrid cranes are expected to gain popularity. Crane manufacturers have partnered to advance hybrid crane development.
“Construction industry is expected to grow at the highest CAGR during the forecast period”
The construction industry is expected to grow at the highest CAGR during the forecast period. The rising demand for infrastructure development, encompassing roads, bridges, railways, airports, and other large-scale projects, calls for the use of robust lifting equipment such as cranes. These cranes are crucial for lifting heavy materials, assembling structures, and aiding in construction processes. Additionally, rapid urbanization worldwide is spurring the construction of residential and commercial buildings to accommodate the growing population. Moreover, the industrial expansion and economic growth in emerging nations like India, China, Brazil, the UAE, and others are significant drivers behind the increased demand for infrastructure.
“Crane and Hoist market in Asia Pacific region to register highest CAGR between 2023 and 2028”
The crane and hoist market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The Asia-Pacific region emerges as a swiftly growing market offering ample prospects for the construction industry, driven by a burgeoning population. Rapid expansion within the construction and material handling sectors has notably boosted the crane market in countries like India, China, and Australia. Factors such as heightened awareness regarding automation and the emphasis placed by key economies like China and Japan on construction and material handling industries contribute significantly to Asia-Pacific’s dominant market share. Moreover, the rapid growth of automotive, construction, aerospace, and defense industries in emerging economies like China and India further supports the crane market’s growth across the Asia-Pacific region.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the crane and hoist market space. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 35%, Tier 2 – 35%, and Tier 3 – 30%
• By Designation: C-level Executives – 40%, Directors – 35%, and Others – 25%
• By Region: North America –25%, Europe– 30%, Asia Pacific – 35%, and Rest of the World – 10%
Key players in the crane and hoist market are Konecranes (Finland), Liebherr (Switzerland), Tadano Ltd. (Japan), The Manitowoc Company, Inc. (US), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Terex Corporation (US), Ingersoll Rand (US), PALFINGER AG (Austria), Columbus McKinnon Corporation (US), KOBE STEEL, LTD. (Japan), XCMG Group (China), Sumitomo Heavy Industries, Ltd. (Japan), ABUS Kransysteme GmbH (Germany), Mammoet (Netherlands), KATO WORKS CO., LTD. (Japan), and others.
The crane and hoist market has been segmented into type, operation, industry, and region. The crane and hoist market has been studied in North America, Europe, Asia Pacific, and the Rest of the World.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the crane and hoist market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (sustainable demand from construction industry; expanding mining industry driving the market; expansion and upgradation of shipping industry ), restraints (high cost of manufacturing and maintenance), opportunities (growth phase of network, infrastructure, and airline development in Asia Pacific region; expansion of E-Commerce in South East Asia; adoption of smart technologies in cranes), and challenges (shortage of skilled workforce to handle crane operations).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the crane and hoist market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the crane and hoist market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the crane and hoist market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Konecranes (Finland), Liebherr (Switzerland), Tadano Ltd. (Japan), The Manitowoc Company, Inc. (US), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), among others.
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION AND SCOPE 27
1.3 INCLUSIONS AND EXCLUSIONS 27
1.4 STUDY SCOPE 28
1.4.1 MARKETS COVERED 28
1.4.2 GEOGRAPHIC SCOPE 29
1.4.3 YEARS CONSIDERED 29
1.5 CURRENCY CONSIDERED 30
1.6 LIMITATIONS 30
1.7 MARKET STAKEHOLDERS 30
1.8 SUMMARY OF CHANGES 31
1.8.1 RECESSION IMPACT 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 CRANE AND HOIST MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Major secondary sources 33
2.1.1.2 Key data from secondary sources 33
2.1.2 PRIMARY DATA 34
2.1.2.1 Breakdown of primaries 34
2.1.2.2 Key data from primary sources 34
2.1.3 SECONDARY AND PRIMARY RESEARCH 35
2.1.3.1 Key industry insights 35
2.2 MARKET SIZE ESTIMATION 36
2.2.1 BOTTOM-UP APPROACH 36
2.2.1.1 Bottom-up approach used to arrive at market size 36
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 37
2.2.2.1 Top-down approach used to arrive at market size 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS/SERVICES OF CRANE AND HOIST MARKET 38
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.4 RESEARCH ASSUMPTIONS 40
FIGURE 6 ASSUMPTIONS 40
2.5 PARAMETERS CONSIDERED TO STUDY RECESSION IMPACT ON CRANE AND HOIST MARKET 40
2.6 RISK ASSESSMENT 41
TABLE 1 LIMITATIONS & ASSOCIATED RESULTS 41
3 EXECUTIVE SUMMARY 42
FIGURE 7 CRANE MARKET TO DOMINATE DURING FORECAST PERIOD 42
FIGURE 8 MOBILE CRANES SEGMENT TO LEAD CRANE MARKET IN 2028 43
FIGURE 9 HYDRAULIC OPERATION SEGMENT TO HOLD LARGEST SHARE OF CRANE MARKET DURING FORECAST PERIOD 43
FIGURE 10 CONSTRUCTION INDUSTRY TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 44
FIGURE 11 CRANE AND HOIST MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CRANE AND HOIST MARKET 46
FIGURE 12 ASIA PACIFIC TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR CRANE AND HOIST MARKET 46
4.2 CRANE MARKET, BY TYPE 46
FIGURE 13 MOBILE CRANES SEGMENT TO LEAD CRANE MARKET FROM 2023 TO 2028 46
4.3 CRANE MARKET, BY OPERATION 47
FIGURE 14 HYBRID SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 47
4.4 CRANE AND HOIST MARKET, BY INDUSTRY 47
FIGURE 15 CONSTRUCTION INDUSTRY TO HOLD LARGEST SHARE OF CRANE AND HOIST MARKET BETWEEN 2023 AND 2028 47
4.5 CRANE AND HOIST MARKET, BY REGION 48
FIGURE 16 INDIA TO RECORD HIGHEST CAGR IN GLOBAL CRANE AND HOIST MARKET FROM 2023 TO 2028 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 17 CRANE AND HOIST MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 50
5.2.1.1 Substantial demand from construction industry 50
5.2.1.2 Increasing requirement for material handling equipment in mining industry 50
5.2.1.3 Expansion and modernization of shipping industry 51
FIGURE 18 CRANE AND HOIST MARKET: IMPACT ANALYSIS OF DRIVERS 51
5.2.2 RESTRAINTS 52
5.2.2.1 High cost of manufacturing and maintenance 52
FIGURE 19 CRANE AND HOIST MARKET: IMPACT ANALYSIS OF RESTRAINTS 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Growing demand from aviation industry in Asia Pacific 52
5.2.3.2 Expansion of e-commerce industry in Southeast Asia 53
5.2.3.3 Integration of smart technologies in cranes 53
FIGURE 20 CRANE AND HOIST MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 54
5.2.4 CHALLENGES 54
5.2.4.1 Shortage of skilled workforce to handle crane operations 54
FIGURE 21 CRANE AND HOIST MARKET: IMPACT ANALYSIS OF CHALLENGES 54
5.3 VALUE CHAIN ANALYSIS 55
FIGURE 22 CRANE AND HOIST MARKET: VALUE CHAIN ANALYSIS 55
5.4 ECOSYSTEM 56
FIGURE 23 CRANE AND HOIST MARKET: ECOSYSTEM ANALYSIS 56
TABLE 2 CRANE AND HOIST MARKET: ROLE OF COMPANIES IN ECOSYSTEM 57
5.5 PRICING ANALYSIS 58
TABLE 3 AVERAGE SELLING PRICE OF MOBILE CRANES 58
5.5.1 AVERAGE SELLING PRICE OF MOBILE CRANES OFFERED BY TOP PLAYERS 59
FIGURE 24 AVERAGE SELLING PRICE OF MOBILE CRANES OFFERED BY TOP PLAYERS 59
FIGURE 25 AVERAGE SELLING PRICE OF MOBILE CRANES, 2023–2028 (USD) 59
TABLE 4 AVERAGE SELLING PRICE OF MOBILE CRANES OFFERED BY TOP PLAYERS 60
TABLE 5 AVERAGE SELLING PRICE OF MOBILE CRANES, BY REGION 60
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
5.7 TECHNOLOGY ANALYSIS 61
5.7.1 PREDICTIVE ANALYTICS 61
5.7.2 DIGITAL TWIN MODEL BUILDERS 61
5.7.3 5G 61
5.8 PORTER’S FIVE FORCES ANALYSIS 62
FIGURE 26 CRANE AND HOIST MARKET: PORTER’S FIVE FORCES ANALYSIS 62
5.8.1 THREAT OF NEW ENTRANTS 62
5.8.2 THREAT OF SUBSTITUTES 63
5.8.3 BARGAINING POWER OF BUYERS 63
5.8.4 BARGAINING POWER OF SUPPLIERS 63
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 63
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 64
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 64
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRIES 64
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRIES (%) 64
5.9.2 BUYING CRITERIA 65
FIGURE 28 KEY BUYING CRITERIA FOR TOP INDUSTRIES 65
TABLE 7 KEY BUYING CRITERIA FOR TOP INDUSTRIES 65
5.10 CASE STUDIES 66
TABLE 8 USE CASE 1: R&M MATERIAL HANDLING CRANES ASSIST PRODUCTION PROCESS 66
TABLE 9 USE CASE 2: DOCK LOADING CRANE WITH BUILT-IN FALL PROTECTION INCREASES SAFETY 66
TABLE 10 USE CASE 3: TRI-STATE OVERHEAD CRANES PROVIDES CUSTOM ADJUSTABLE LIFTING BEAM FOR 20,000 LB ROTORS 67
TABLE 11 USE CASE 4: R&M MATERIAL HANDLING CUSTOMIZES CRANE FOR MINING OPERATIONS 67
5.11 TRADE ANALYSIS 68
FIGURE 29 IMPORT DATA FOR OVERHEAD TRAVELING CRANES ON FIXED SUPPORT, 2018–2022 (USD MILLION) 68
FIGURE 30 EXPORT DATA FOR OVERHEAD TRAVELING CRANES ON FIXED SUPPORT, 2018–2022 (USD MILLION) 69
5.12 PATENT ANALYSIS 70
FIGURE 31 NUMBER OF CRANE AND HOIST MARKET-RELATED PATENTS GRANTED, 2013–2022 70
FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF CRANE AND HOIST MARKET-RELATED PATENT APPLICATIONS, 2013–2022 70
TABLE 12 TOP 20 CRANE AND HOIST MARKET-RELATED PATENT OWNERS IN LAST 10 YEARS (2013–2022) 71
5.12.1 MAJOR PATENTS RELATED TO CRANE AND HOIST MARKET 72
TABLE 13 CRANE AND HOIST MARKET: PATENTS AND INNOVATIONS 72
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 74
TABLE 14 CRANE AND HOIST MARKET: CONFERENCES AND EVENTS 74
5.14 STANDARDS AND REGULATORY LANDSCAPE 75
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
5.14.2 STANDARDS AND REGULATIONS RELATED TO CRANE AND HOIST MARKET 78
TABLE 19 CRANE AND HOIST MARKET: STANDARDS AND REGULATIONS 78
6 CRANE MARKET, BY TYPE 79
6.1 INTRODUCTION 80
FIGURE 33 CRANE MARKET, BY TYPE 80
FIGURE 34 MOBILE SEGMENT TO DOMINATE CRANE MARKET DURING FORECAST PERIOD 80
TABLE 20 CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 80
TABLE 21 CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 81
TABLE 22 CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 81
TABLE 23 CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 81
TABLE 24 CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 82
TABLE 25 CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 82
6.2 MOBILE CRANES 83
6.2.1 HIGH DEMAND FROM CONSTRUCTION INDUSTRY TO DRIVE MARKET 83
6.2.2 BOOM TYPE 83
6.2.2.1 Lattice boom 83
6.2.2.2 Telescopic boom 83
6.2.3 CRAWLER CRANES 83
6.2.4 ROUGH TERRAIN CRANES 83
6.2.5 ALL-TERRAIN CRANES 84
6.2.6 TRUCK LOADER CRANES 84
TABLE 26 MOBILE CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION) 84
TABLE 27 MOBILE CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION) 85
TABLE 28 MOBILE CRANES MARKET, BY REGION, 2019–2022 (USD MILLION) 85
TABLE 29 MOBILE CRANES MARKET, BY REGION, 2023–2028 (USD MILLION) 85
TABLE 30 MOBILE CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 86
TABLE 31 MOBILE CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 86
6.3 FIXED CRANES 87
6.3.1 INCREASING DEMAND FROM SHIPPING & MATERIAL HANDLING INDUSTRY TO BOOST MARKET 87
6.3.2 INDUSTRIAL CRANES 87
6.3.3 TOWER CRANES 87
6.3.4 SHIP-TO-SHORE CRANES 87
TABLE 32 FIXED CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 88
TABLE 33 FIXED CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 88
TABLE 34 FIXED CRANES MARKET, BY REGION, 2019–2022 (USD MILLION) 88
TABLE 35 FIXED CRANES MARKET, BY REGION, 2023–2028 (USD MILLION) 89
TABLE 36 FIXED CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 89
TABLE 37 FIXED CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 89
7 CRANE MARKET, BY OPERATION 91
7.1 INTRODUCTION 92
FIGURE 35 CRANE MARKET, BY OPERATION 92
FIGURE 36 HYDRAULIC SEGMENT TO DOMINATE CRANE MARKET DURING FORECAST PERIOD 92
TABLE 38 CRANE MARKET, BY OPERATION, 2019–2022 (USD MILLION) 93
TABLE 39 CRANE MARKET, BY OPERATION, 2023–2028 (USD MILLION) 93
7.2 HYDRAULIC 94
7.2.1 SUPERIOR ABILITY TO LIFT HEAVY LOADS TO DRIVE MARKET 94
7.3 ELECTRIC 94
7.3.1 GROWING USE IN INDOOR APPLICATIONS TO FUEL MARKET 94
7.4 HYBRID 94
7.4.1 REDUCTION IN FUEL USAGE TO DRIVE SEGMENT GROWTH 94
8 CRANE MARKET, BY BUSINESS TYPE 95
8.1 INTRODUCTION 95
8.2 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) 95
8.3 AFTERMARKET 95
9 MOBILE CRANE MARKET IN NORTH AMERICA, BY LIFTING CAPACITY 96
9.1 INTRODUCTION 96
9.2 0–66 MT 96
9.3 66–81 MT 96
9.4 81–111 MT 96
9.5 111+ MT 96
TABLE 40 NORTH AMERICA: ROUGH TERRAIN AND ALL-TERRAIN CRANE MARKET, BY LIFTING CAPACITY, 2019–2022 (UNITS) 96
TABLE 41 NORTH AMERICA: ROUGH TERRAIN AND ALL-TERRAIN CRANE MARKET, BY LIFTING CAPACITY, 2023–2028 (UNITS) 97
10 HOIST MARKET 98
10.1 BY TYPE 99
10.1.1 WELDED LINK LOAD CHAIN SEGMENT TO DOMINATE HOIST MARKET DURING FORECAST PERIOD 99
FIGURE 37 HOIST MARKET, BY TYPE 99
FIGURE 38 WELDED LINK LOAD CHAIN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 100
TABLE 42 HOIST MARKET, BY TYPE, 2019–2022 (USD MILLION) 100
TABLE 43 HOIST MARKET, BY TYPE, 2023–2028 (USD MILLION) 100
TABLE 44 HOIST MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 101
TABLE 45 HOIST MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 101
TABLE 46 HOIST MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 47 HOIST MARKET, BY REGION, 2023–2028 (USD MILLION) 102
10.1.2 WELDED LINK LOAD CHAIN 102
10.1.3 WIRE ROPE 102
10.1.4 ROLLER LOAD CHAIN 103
10.1.5 OTHER HOIST TYPES 103
10.2 BY OPERATION 103
10.2.1 ELECTRIC SEGMENT TO LEAD HOIST MARKET DURING FORECAST PERIOD 103
TABLE 48 HOIST MARKET, BY OPERATION, 2019–2022 (USD MILLION) 103
TABLE 49 HOIST MARKET, BY OPERATION, 2023–2028 (USD MILLION) 103
10.2.2 PNEUMATIC 104
10.2.3 ELECTRIC 104
10.2.4 HYDRAULIC 104
11 CRANE AND HOIST MARKET, BY INDUSTRY 105
11.1 INTRODUCTION 106
FIGURE 39 CRANE AND HOIST MARKET, BY INDUSTRY 106
FIGURE 40 CONSTRUCTION INDUSTRY TO DOMINATE CRANE AND HOIST MARKET DURING FORECAST PERIOD 107
TABLE 50 CRANE AND HOIST MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 107
TABLE 51 CRANE AND HOIST MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 108
11.2 AEROSPACE 108
11.2.1 RISING DEMAND FOR MOBILE CRANES TO FUEL MARKET 108
TABLE 52 AEROSPACE: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 109
TABLE 53 AEROSPACE: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 109
TABLE 54 AEROSPACE: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 55 AEROSPACE: CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 109
11.3 AUTOMOTIVE & RAILWAY 110
11.3.1 EXPANSION AND MODERNIZATION ACTIVITIES TO BOOST DEMAND 110
TABLE 56 AUTOMOTIVE & RAILWAY: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 110
TABLE 57 AUTOMOTIVE & RAILWAY: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 111
TABLE 58 AUTOMOTIVE & RAILWAY: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 59 AUTOMOTIVE & RAILWAY: CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 111
11.4 CONSTRUCTION 112
11.4.1 INCREASING DEMAND FOR INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET 112
TABLE 60 CONSTRUCTION: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 112
TABLE 61 CONSTRUCTION: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 112
TABLE 62 CONSTRUCTION: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 63 CONSTRUCTION: CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 113
11.5 SHIPPING & MATERIAL HANDLING 113
11.5.1 RISING USE OF CONTAINERIZED CARGO TRANSPORT TO DRIVE MARKET 113
TABLE 64 SHIPPING & MATERIAL HANDLING: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 114
TABLE 65 SHIPPING & MATERIAL HANDLING: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 114
TABLE 66 SHIPPING & MATERIAL HANDLING: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 67 SHIPPING & MATERIAL HANDLING: CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 114
11.6 MINING 115
11.6.1 LARGE MINERAL RESERVES IN ASIA PACIFIC TO FUEL DEMAND 115
TABLE 68 MINING: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 115
TABLE 69 MINING: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 115
TABLE 70 MINING: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 71 MINING: CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 116
11.7 ENERGY & POWER 116
11.7.1 RISING SHIFT TOWARDS RENEWABLE ENERGY SOURCES TO DRIVE DEMAND 116
TABLE 72 ENERGY & POWER INDUSTRY: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 117
TABLE 73 ENERGY & POWER INDUSTRY: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 117
TABLE 74 ENERGY & POWER: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 75 ENERGY & POWER: CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 117
11.8 OTHER INDUSTRIES 118
TABLE 76 OTHER INDUSTRIES: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 118
TABLE 77 OTHER INDUSTRIES: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 118
TABLE 78 OTHER INDUSTRIES: CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 79 OTHER INDUSTRIES CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 119
12 CRANE AND HOIST MARKET, BY REGION 120
12.1 INTRODUCTION 121
FIGURE 41 INDIAN CRANE AND HOIST MARKET TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 121
FIGURE 42 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 122
TABLE 80 CRANE AND HOIST MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 81 CRANE AND HOIST MARKET, BY REGION, 2023–2028 (USD MILLION) 122
12.2 NORTH AMERICA 123
12.2.1 NORTH AMERICA: RECESSION IMPACT 123
FIGURE 43 NORTH AMERICA: CRANE AND HOIST MARKET SNAPSHOT 124
TABLE 82 NORTH AMERICA: CRANE AND HOIST MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 125
TABLE 83 NORTH AMERICA: CRANE AND HOIST MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 125
TABLE 84 NORTH AMERICA: CRANE MARKET, BY MOBILE TYPE, 2019–2022 (USD MILLION) 125
TABLE 85 NORTH AMERICA: CRANE MARKET, BY MOBILE TYPE, 2023–2028 (USD MILLION) 125
TABLE 86 NORTH AMERICA: CRANE MARKET, BY FIXED TYPE, 2019–2022 (USD MILLION) 126
TABLE 87 NORTH AMERICA: CRANE MARKET, BY FIXED TYPE, 2023–2028 (USD MILLION) 126
TABLE 88 NORTH AMERICA: CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 126
TABLE 89 NORTH AMERICA: CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 127
TABLE 90 NORTH AMERICA: CRANE MARKET, BY CRANE TYPE, 2019–2022 (USD MILLION) 127
TABLE 91 NORTH AMERICA: CRANE MARKET, BY CRANE TYPE, 2023–2028 (USD MILLION) 127
12.2.2 US 128
12.2.2.1 High demand from automotive and construction industries to fuel market 128
12.2.3 CANADA 128
12.2.3.1 Increasing need for cranes and hoists in energy & power industry to drive market 128
12.2.4 MEXICO 128
12.2.4.1 Growing investments in renewable energy generation to boost market growth 128
12.3 EUROPE 129
12.3.1 EUROPE: RECESSION IMPACT 129
FIGURE 44 EUROPE: CRANE AND HOIST MARKET SNAPSHOT 130
TABLE 92 EUROPE: CRANE AND HOIST MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 131
TABLE 93 EUROPE: CRANE AND HOIST MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 131
TABLE 94 EUROPE: CRANE MARKET, BY MOBILE TYPE, 2019–2022 (USD MILLION) 131
TABLE 95 EUROPE: CRANE MARKET, BY MOBILE TYPE, 2023–2028 (USD MILLION) 132
TABLE 96 EUROPE: CRANE MARKET, BY FIXED TYPE, 2019–2022 (USD MILLION) 132
TABLE 97 EUROPE: CRANE MARKET, BY FIXED TYPE, 2023–2028 (USD MILLION) 132
TABLE 98 EUROPE: CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 133
TABLE 99 EUROPE: CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 133
TABLE 100 EUROPE: CRANE MARKET, BY CRANE TYPE, 2019–2022 (USD MILLION) 133
TABLE 101 EUROPE: CRANE MARKET, BY CRANE TYPE, 2023–2028 (USD MILLION) 134
12.3.2 GERMANY 134
12.3.2.1 Significant demand from automotive industry to drive market 134
12.3.3 UK 134
12.3.3.1 Expansion of shipping industry to boost market 134
12.3.4 FRANCE 135
12.3.4.1 Robust automotive industry to contribute to market growth 135
12.3.5 REST OF EUROPE (ROE) 135
12.4 ASIA PACIFIC 136
12.4.1 ASIA PACIFIC: RECESSION IMPACT 136
FIGURE 45 ASIA PACIFIC: CRANE AND HOIST MARKET SNAPSHOT 137
TABLE 102 ASIA PACIFIC: CRANE AND HOIST MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 138
TABLE 103 ASIA PACIFIC: CRANE AND HOIST MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 138
TABLE 104 ASIA PACIFIC: CRANE MARKET, BY MOBILE TYPE, 2019–2022 (USD MILLION) 138
TABLE 105 ASIA PACIFIC: CRANE MARKET, BY MOBILE TYPE, 2023–2028 (USD MILLION) 139
TABLE 106 ASIA PACIFIC: CRANE MARKET, BY FIXED TYPE, 2019–2022 (USD MILLION) 139
TABLE 107 ASIA PACIFIC: CRANE MARKET, BY FIXED TYPE, 2023–2028 (USD MILLION) 139
TABLE 108 ASIA PACIFIC: CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 140
TABLE 109 ASIA PACIFIC: CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 140
TABLE 110 ASIA PACIFIC: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 140
TABLE 111 ASIA PACIFIC: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 141
12.4.2 CHINA 141
12.4.2.1 Increasing infrastructure development to significantly boost market 141
12.4.3 AUSTRALIA 141
12.4.3.1 Thriving mining and resources industry to fuel demand 141
12.4.4 JAPAN 142
12.4.4.1 Rising adoption in shipping & material handling industry to drive market 142
12.4.5 INDIA 142
12.4.5.1 Increasing construction projects to boost market growth 142
12.4.6 REST OF ASIA PACIFIC 142
12.5 REST OF THE WORLD (ROW) 143
12.5.1 REST OF THE WORLD: IMPACT OF RECESSION 143
TABLE 112 ROW: CRANE AND HOIST MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 113 ROW: CRANE AND HOIST MARKET, BY REGION, 2023–2028 (USD MILLION) 143
TABLE 114 ROW: CRANE MARKET, BY MOBILE TYPE, 2019–2022 (USD MILLION) 144
TABLE 115 ROW: CRANE MARKET, BY MOBILE TYPE, 2023–2028 (USD MILLION) 144
TABLE 116 ROW: CRANE MARKET, BY FIXED TYPE, 2019–2022 (USD MILLION) 144
TABLE 117 ROW: CRANE MARKET, BY FIXED TYPE, 2023–2028 (USD MILLION) 144
TABLE 118 ROW: CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 145
TABLE 119 ROW: CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 145
TABLE 120 ROW: CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 145
TABLE 121 ROW: CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 146
12.5.2 GULF COOPERATION COUNCIL (GCC) COUNTRIES 146
12.5.2.1 Increasing infrastructure projects to drive market 146
12.5.3 REST OF MIDDLE EAST & AFRICA 146
12.5.3.1 Rising investments in energy & power industry to fuel market 146
12.5.4 SOUTH AMERICA 147
12.5.4.1 Demand from mining industry to drive market 147
13 COMPETITIVE LANDSCAPE 148
13.1 INTRODUCTION 148
13.2 STRATEGIES ADOPTED BY KEY PLAYERS 148
TABLE 122 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2023 148
13.2.1 REVENUE ANALYSIS 150
FIGURE 46 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 150
13.3 MARKET SHARE ANALYSIS, 2022 150
TABLE 123 CRANE AND HOIST MARKET: DEGREE OF COMPETITION 151
FIGURE 47 MARKET SHARE ANALYSIS, 2022 151
13.4 COMPANY EVALUATION MATRIX 153
13.4.1 STARS 153
13.4.2 PERVASIVE PLAYERS 153
13.4.3 EMERGING LEADERS 153
13.4.4 PARTICIPANTS 153
FIGURE 48 CRANE AND HOIST MARKET: COMPETITIVE EVALUATION MATRIX, 2022 154
13.4.5 COMPANY FOOTPRINT 155
TABLE 124 CRANE AND HOIST MARKET: COMPANY FOOTPRINT 155
TABLE 125 INDUSTRY: COMPANY FOOTPRINT 156
TABLE 126 REGION: COMPANY FOOTPRINT 157
13.5 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 158
13.5.1 PROGRESSIVE COMPANIES 158
13.5.2 RESPONSIVE COMPANIES 158
13.5.3 DYNAMIC COMPANIES 158
13.5.4 STARTING BLOCKS 158
FIGURE 49 CRANE AND HOIST MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022 159
13.5.5 COMPETITIVE BENCHMARKING 160
TABLE 127 CRANE AND HOIST MARKET: KEY STARTUPS/SMES 160
TABLE 128 CRANE AND HOIST MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 161
13.6 COMPETITIVE SCENARIO AND TRENDS 162
13.6.1 PRODUCT LAUNCHES 162
TABLE 129 CRANE AND HOIST MARKET: PRODUCT LAUNCHES, 2021 – 2023 162
13.6.2 DEALS 163
TABLE 130 CRANE AND HOIST MARKET: DEALS, 2022 – 2023 163
13.6.3 OTHERS 165
TABLE 131 CRANE AND HOIST MARKET: OTHERS, 2023 165
14 COMPANY PROFILES 167
14.1 KEY PLAYERS 167
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 KONECRANES 167
TABLE 132 KONECRANES: COMPANY OVERVIEW 167
FIGURE 50 KONECRANES: COMPANY SNAPSHOT 168
TABLE 133 KONECRANES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 168
TABLE 134 KONECRANES: PRODUCT LAUNCHES 169
TABLE 135 KONECRANES: DEALS 170
TABLE 136 KONECRANES: OTHERS 170
14.1.2 LIEBHERR 172
TABLE 137 LIEBHERR: COMPANY OVERVIEW 172
FIGURE 51 LIEBHERR: COMPANY SNAPSHOT 173
TABLE 138 LIEBHERR: PRODUCTS/SERVICES/SOLUTIONS OFFERED 173
TABLE 139 LIEBHERR: PRODUCT LAUNCHES 174
TABLE 140 LIEBHERR: OTHERS 175
14.1.3 TADANO LTD. 177
TABLE 141 TADANO LTD.: COMPANY OVERVIEW 177
FIGURE 52 TADANO LTD.: COMPANY SNAPSHOT 178
TABLE 142 TADANO LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 178
TABLE 143 TADANO LTD.: PRODUCT LAUNCHES 179
14.1.4 THE MANITOWOC COMPANY, INC. 181
TABLE 144 THE MANITOWOC COMPANY, INC.: COMPANY OVERVIEW 181
FIGURE 53 THE MANITOWOC COMPANY, INC.: COMPANY SNAPSHOT 182
TABLE 145 THE MANITOWOC COMPANY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 182
TABLE 146 THE MANITOWOC COMPANY, INC.: PRODUCT LAUNCHES 183
TABLE 147 THE MANITOWOC COMPANY, INC.: DEALS 184
TABLE 148 THE MANITOWOC COMPANY, INC.: OTHERS 184
14.1.5 TEREX CORPORATION 186
TABLE 149 TEREX CORPORATION: COMPANY OVERVIEW 186
FIGURE 54 TEREX CORPORATION: COMPANY SNAPSHOT 187
TABLE 150 TEREX CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 187
TABLE 151 TEREX CORPORATION: PRODUCT LAUNCHES 188
TABLE 152 TEREX CORPORATION: DEALS 189
TABLE 153 TEREX CORPORATION: OTHERS 189
14.1.6 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD. 190
TABLE 154 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 190
FIGURE 55 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT 191
TABLE 155 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 191
14.1.7 INGERSOLL RAND 192
TABLE 156 INGERSOLL RAND: COMPANY OVERVIEW 192
FIGURE 56 INGERSOLL RAND: COMPANY SNAPSHOT 193
TABLE 157 INGERSOLL RAND: PRODUCTS/SERVICES/SOLUTIONS OFFERED 193
TABLE 158 INGERSOLL RAND: DEALS 194
14.1.8 PALFINGER AG 195
TABLE 159 PALFINGER AG: COMPANY OVERVIEW 195
FIGURE 57 PALFINGER AG: COMPANY SNAPSHOT 196
TABLE 160 PALFINGER AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 196
TABLE 161 PALFINGER AG: DEALS 197
14.1.9 COLUMBUS MCKINNON CORPORATION 198
TABLE 162 COLUMBUS MCKINNON CORPORATION: COMPANY OVERVIEW 198
FIGURE 58 COLUMBUS MCKINNON CORPORATION: COMPANY SNAPSHOT 199
TABLE 163 COLUMBUS MCKINNON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 199
TABLE 164 COLUMBUS MCKINNON CORPORATION: DEALS 200
14.1.10 KOBE STEEL, LTD. 201
TABLE 165 KOBE STEEL, LTD.: COMPANY OVERVIEW 201
FIGURE 59 KOBE STEEL, LTD.: COMPANY SNAPSHOT 201
TABLE 166 KOBE STEEL, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 202
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2 OTHER KEY PLAYERS 203
14.2.1 XCMG GROUP 203
TABLE 167 XCMG GROUP: COMPANY OVERVIEW 203
14.2.2 SUMITOMO HEAVY INDUSTRIES, LTD. 204
TABLE 168 SUMITOMO HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 204
14.2.3 ABUS KRANSYSTEME GMBH 205
TABLE 169 ABUS KRANSYSTEME GMBH: COMPANY OVERVIEW 205
14.2.4 MAMMOET 206
TABLE 170 MAMMOET: COMPANY OVERVIEW 206
14.2.5 KATO WORKS CO., LTD. 207
TABLE 171 KATO WORKS CO., LTD.: COMPANY OVERVIEW 207
14.2.6 ALTEC INDUSTRIES 208
TABLE 172 ALTEC INDUSTRIES: COMPANY OVERVIEW 208
14.2.7 VERLINDE 209
TABLE 173 VERLINDE: COMPANY OVERVIEW 209
14.2.8 SHANGHAI YIYING CRANE MACHINERY CO., LTD. 210
TABLE 174 SHANGHAI YIYING CRANE MACHINERY CO., LTD.: COMPANY OVERVIEW 210
14.2.9 NUCLEON CRANE GROUP 211
TABLE 175 NUCLEON CRANE GROUP: COMPANY OVERVIEW 211
14.2.10 CHENG DAY MACHINERY WORKS CO., LTD. 212
TABLE 176 CHENG DAY MACHINERY WORKS CO., LTD.: COMPANY OVERVIEW 212
14.2.11 LIUGONG MACHINERY CO., LTD. 213
TABLE 177 LIUGONG MACHINERY CO., LTD.: COMPANY OVERVIEW 213
14.2.12 LOAD KING 214
TABLE 178 LOAD KING: COMPANY OVERVIEW 214
14.2.13 ELLIOTT EQUIPMENT COMPANY 215
TABLE 179 ELLIOTT EQUIPMENT COMPANY: COMPANY OVERVIEW 215
14.2.14 QMC BUILDING CRANES 215
TABLE 180 QMC BUILDING CRANES: COMPANY OVERVIEW 215
14.2.15 BRODERSON MANUFACTURING CORP. 216
TABLE 181 BRODERSON MANUFACTURING CORP.: COMPANY OVERVIEW 216
15 ADJACENT AND RELATED MARKETS 217
15.1 INTRODUCTION 217
15.2 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE 217
15.3 INTRODUCTION 217
TABLE 182 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION) 217
TABLE 183 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION) 218
15.4 UNIT LOAD MATERIAL HANDLING SYSTEMS 218
15.4.1 ADVANTAGES OF UNIT LOAD MATERIAL HANDLING SYSTEMS 219
15.4.2 DISADVANTAGES OF UNIT LOAD MATERIAL HANDLING SYSTEMS 219
15.5 BULK LOAD MATERIAL HANDLING SYSTEMS 219
15.5.1 ADVANTAGES OF BULK LOAD MATERIAL HANDLING SYSTEMS 219
15.5.2 DISADVANTAGES OF BULK LOAD MATERIAL HANDLING SYSTEMS 219
16 APPENDIX 220
16.1 INSIGHTS FROM INDUSTRY EXPERTS 220
16.2 DISCUSSION GUIDE 221
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 223
16.4 CUSTOMIZATION OPTIONS 225
16.5 RELATED REPORTS 225
16.6 AUTHOR DETAILS 226