Jib Cranes Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 5% from 2026 to 2033, reaching USD 1.8 Billion by 2033.
The global jib cranes market was valued at approximately USD 830 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. This growth is driven by increasing demand in material handling across various industries such as manufacturing, construction, shipping, and logistics. The rising adoption of semi automated and automated lifting solutions in small and medium sized enterprises (SMEs) is further boosting the demand for jib cranes, particularly in developed regions. In addition, the flexibility and space saving design of jib cranes have made them a popular choice in workshops and warehouses. The rapid pace of industrialization in emerging economies is also contributing to the expansion of this market globally.
Regionally, Asia Pacific accounted for the largest share of the jib cranes market in 2022, with a valuation of over USD 320 million, driven by robust industrial development in China, India, and Southeast Asian countries. North America followed with a market size of around USD 230 million, benefiting from technological advancements and the presence of established manufacturing sectors. Europe also contributed significantly to the market with an estimated value of USD 190 million in 2022, supported by the ongoing modernization of manufacturing facilities and warehouse automation. Latin America and the Middle East & Africa are emerging markets, offering substantial growth opportunities due to increasing infrastructure investments and the expansion of logistics networks. Future market opportunities lie in the development of energy efficient and smart jib cranes integrated with IoT capabilities, which are expected to enhance operational safety and performance monitoring across industrial applications.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=554199&utm_source=Google site_G_April&utm_medium=235
Spanco
Gorbel
Konecranes
Ingersoll Rand
Bushman Equipment
ABUS Crane Systems
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.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=554199&utm_source=Google site_G_April&utm_medium=235
Growing demand for below applications around the world has had a direct impact on the growth of the Global Jib Cranes Market
Wall-Mounted Jib Cranes
Freestanding Jib Cranes
Portable Jib Cranes
Articulating Jib Cranes
Floor-Mounted Jib Cranes
Light Load Jib Cranes (up to 1 ton)
Medium Load Jib Cranes (1 ton to 5 tons)
Heavy Load Jib Cranes (5 tons to 10 tons)
Extra Heavy Load Jib Cranes (over 10 tons)
Electric Jib Cranes
Pneumatic Jib Cranes
Manual Jib Cranes
Hydraulic Jib Cranes
Construction Industry
Manufacturing Industry
Aerospace Industry
Shipping and Logistics
Automotive Industry
Steel Jib Cranes
Aluminum Jib Cranes
Composite Jib Cranes
Custom Material Jib Cranes
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)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/jib-cranes-market-size-and-forecast/
1. Introduction of the Global Jib Cranes 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 Jib Cranes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Jib Cranes Market, By Type
6. Global Jib Cranes Market, By Application
7. Global Jib Cranes Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Jib Cranes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/