Crane Manufacturing Market Revenue was valued at USD 45 Billion in 2024 and is estimated to reach USD 70 Billion by 2033, growing at a CAGR of 6.3% from 2026 to 2033.
In 2022, the global crane manufacturing market was valued at approximately $40 billion and is projected to grow at a Compound Annual Growth Rate (CAGR) of about 4.5% from 2023 to 2030. This growth is primarily driven by rapid urbanization and significant infrastructure development worldwide. The construction sector accounted for the largest share of the crane market, comprising approximately 60%, with the mining sector holding around 25%. Technological advancements, such as the integration of automation and digitalization, are also reshaping the crane industry, enhancing efficiency and safety standards. Regionally, Asia Pacific led the market in 2023, contributing 35% of the global revenue, followed by North America at 30% and Europe at 25%. Chinas crane market is projected to grow at a CAGR of 6.5% from 2024 to 2030, driven by strong export oriented economic activities. In North America, infrastructure development and the booming renewable energy sector have increased the demand for specialized cranes. Europes market, holding a 23.5% share in 2023, is influenced by robust infrastructure projects and a focus on renewable energy sources. The Middle East and Africa region is anticipated to reach $4.45 billion by 2030, with advancements in automation and digitalization enhancing crane operations. These regional dynamics present significant opportunities for growth and investment in the crane manufacturing industry.
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Liebherr Group
XCMG
Manitowoc
Terex
Zoomlion
Tadano
Sany
Sumitomo
Kobelco
Kato
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Crane Manufacturing Market
Mobile Cranes
Fixed Cranes
Floating Cranes
Crawler Cranes
Tower Cranes
Overhead Cranes
Construction
Manufacturing
Oil & Gas
Mining
Shipping & Logistics
Aerospace
Hydraulic Cranes
Pneumatic Cranes
Electric Cranes
Manual Cranes
Light-Duty Cranes (up to 10 tons)
Medium-Duty Cranes (10 to 50 tons)
Heavy-Duty Cranes (over 50 tons)
Direct Sales
Distributors
Online Retailers
Rental Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Crane Manufacturing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Crane Manufacturing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Crane Manufacturing Market, By Type
6. Global Crane Manufacturing Market, By Application
7. Global Crane Manufacturing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Crane Manufacturing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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