PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528999
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528999
Crane Trucks Market Size - By Offering (Lattice Boom Crane Truck, Telescopic Crane Truck, Knuckle Boom Crane Truck), By Application (Construction, Utility, Mining), By Lifting Capacity & Regional Outlook & Forecast, 2024 - 2032
Crane trucks market size is estimated to record over 6.5% CAGR between 2024 and 2032, driven by the increasing construction and infrastructure development activities. With the accelerating urbanization and expansion of cities, there is a rising demand for efficient lifting and material handling solutions on construction sites. As per Worldbank.org, the global urban population is growing rapidly and is projected to reach 6 billion by 2045.
Crane trucks offer versatility and mobility, allowing quick setup and operation in various terrains and environments. They lift heavy materials while facilitating construction projects ranging from residential buildings to large-scale infrastructure developments, such as bridges and highways. Moreover, innovations are not only increasing productivity but also reducing downtime, making crane trucks a preferred choice for contractors and construction firms seeking to optimize project timelines and costs.
The overall industry is divided into offering, lifting capacity, application, and region.
Based on offering, the crane trucks market from the telescopic crane truck segment is poised to depict a decent growth rate between 2024 and 2032 owing to its versatility and capability to reach greater heights and distances compared to traditional crane designs. Telescopic crane trucks feature extendable booms that can be adjusted to varying lengths, allowing operators to lift loads at different heights and reach difficult-to-access areas on construction sites.
Crane trucks market from the mining application segment will generate notable revenue by 2032 owing to extensive reliance on heavy-duty equipment for material handling and extraction activities in rugged terrains. Crane trucks also help in mining operations by facilitating the lifting and movement of heavy materials, equipment, and components across various stages of the mining process.
North America crane trucks industry is slated to witness significant growth through 2032 attributed to robust infrastructure development, significant investments in construction projects, and stringent safety regulations. The expanding urbanization and industrialization are driving the demand for crane trucks in various construction applications like residential and commercial building projects as well as infrastructure expansions such as roads, bridges, and utilities. Stringent safety standards and regulations for mandating the use of reliable and technologically advanced crane trucks are also stimulating regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360°synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material providers
- 3.2.2 Component providers
- 3.2.3 Manufacturer
- 3.2.4 Distributors & dealers
- 3.2.5 End-user
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growth in construction and infrastructure development
- 3.8.1.2 Expansion of the logistics & transportation industry
- 3.8.1.3 Rapid technology advancement in crane truck
- 3.8.1.4 Rise in oil & gas exploration activities
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial cost & maintenance
- 3.8.2.2 Stringent regulations & safety concerns
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Offering, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Lattice boom crane truck
- 5.3 Telescopic crane truck
- 5.4 Knuckle boom crane truck
Chapter 6 Market Estimates & Forecast, By Lifting Capacity, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Up to 20 tons
- 6.3 21 to 50 tons
- 6.4 51 to 100 tons
- 6.5 Above 100 tons
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Construction
- 7.3 Utility
- 7.4 Mining
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Altec Industries, Inc.
- 9.2 Effer S.p.A.
- 9.3 Furukawa
- 9.4 Heila Cranes S.r.l.
- 9.5 HMF Group
- 9.6 Kato Works Co., Ltd.
- 9.7 Kinshofer GmbH
- 9.8 Kobelco Construction Machinery Co., Ltd.
- 9.9 Liebherr-International AG
- 9.10 Link-Belt Construction Equipment Company
- 9.11 Locatelli Crane S.r.l.
- 9.12 Manitex International, Inc.
- 9.13 Palfinger AG
- 9.14 PM Group S.p.A.
- 9.15 Sany Group Co., Ltd.
- 9.16 Tadano Ltd.
- 9.17 Terex Corporation
- 9.18 The Manitowoc Company, Inc.
- 9.19 Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- 9.20 Zoomlion Heavy Industry Science and Technology Co., Ltd.
