Articulating Knuckle Boom Cranes Market was valued at USD 3.2 Billion in 2022 and is projected to reach USD 5.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global market for articulating knuckle boom cranes was valued at approximately USD 2.5 billion in 2022, reflecting a steady growth trajectory in the construction and logistics sectors. The market is projected to expand at a compound annual growth rate (CAGR) of around 6.8% from 2023 to 2028. This growth is driven by increased demand for versatile and efficient lifting solutions in urban development projects and the ongoing trend towards mechanization in material handling. The expanding infrastructure development in emerging economies and the rising focus on automation are expected to further propel market expansion.
Opportunity analysis reveals significant potential in regions such as Asia-Pacific and Latin America, where rapid industrialization and urbanization are fueling demand for advanced lifting equipment. Additionally, the integration of advanced technologies, such as telematics and remote control systems, presents new avenues for market growth. The increasing emphasis on safety standards and operational efficiency also contributes to the growing adoption of articulating knuckle boom cranes. As industries continue to seek innovative and cost-effective lifting solutions, the market is poised for dynamic development and investment opportunities in the coming years.
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Hiab (Cargotec)
Palfinger
Huisman
Fassi
Iowa Mold Tooling Co.
Inc. (IMT)
HMF
Tadano
ATLAS
Manitex
Cormach
Heila Cranes
Kenz Figee Group
Hyva Group
COPMA (CPS GROUP)
Furukawa
SANY Group
SMST
XCMG
JOMAC
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Articulating Knuckle Boom Cranes Market
Construction
Transport & Marine
Industrial
Forestry and Agriculture
Others
Based on Types the Market is categorized into Below types that held the largest Articulating Knuckle Boom Cranes market share In 2023.
Less Than 5 Tm
5 Tm to 15 Tm
15.1 Tm to 25 Tm
25.1 Tm to 50 Tm
Over 50 Tm
Global (United States, Global 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 Articulating Knuckle Boom 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 Articulating Knuckle Boom Cranes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Articulating Knuckle Boom Cranes Market, By Type
6. Global Articulating Knuckle Boom Cranes Market, By Application
7. Global Articulating Knuckle Boom Cranes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Articulating Knuckle Boom Cranes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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