PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628004
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628004
Crane Mats Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Crane Mats Market was valued at USD 725.9 million in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2032. This growth is fueled by the rising demand for construction and infrastructure development, driven by urbanization, population growth, and governmental initiatives to enhance public infrastructure.
The expansion of urban areas and increasing population have significantly boosted the need for residential, commercial, and industrial structures. This surge has led to a higher reliance on heavy machinery like cranes, which require crane mats for effective weight distribution and stability on uneven or soft terrain. Moreover, large-scale infrastructure projects, including highways, bridges, and transit systems, further elevate the demand for crane mats. Investments in modernizing outdated infrastructure and developing new facilities globally also play a pivotal role in market expansion.
The market is segmented by type into hardwoods, plastic, oak timbers, steel, and others. Oak timbers contributed USD 382.8 million to the market and anticipated to grow at a CAGR of 5% through 2032. Oak's exceptional durability, strength, and resistance to wear make it a preferred choice for heavy-duty applications. Its ability to withstand environmental challenges and maintain structural integrity over time ensures its continued demand in the industry.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $725.9 Million |
| Forecast Value | $1.07 Billion |
| CAGR | 4.4% |
Based on application, the market is categorized into bridge decking, pipeline construction, temporary roadways, excavation support, and others. Temporary roadways accounted for 43.6% share in 2023 and are expected to grow at a CAGR of 4.9% during 2024-2032. These mats offer robust and stable surfaces, ensuring safe and efficient movement of heavy machinery and personnel in areas with challenging ground conditions such as mud or uneven terrain.
North America held a significant share of the crane mats market in 2023, generating USD 146.7 million, and is expected to grow at a CAGR of 4.5% from 2024 to 2032. The region's growth is driven by an expanding construction sector and substantial investments in infrastructure. In the United States, the demand for crane mats is bolstered by large-scale projects and a growing focus on durable and reliable lifting solutions, making crane mats indispensable in construction and industrial activities.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
- 3.2 Impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Rising demand in construction and infrastructure development
- 3.2.1.2 Increased focus on safety and stability in heavy lifting operations
- 3.2.1.3 Growing adoption of environmentally friendly materials
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Fluctuating raw material prices
- 3.2.2.2 Seasonal demand variations in construction activities
- 3.2.1 Growth drivers
- 3.3 Technology & innovation landscape
- 3.4 Consumer buying behavior analysis
- 3.4.1 Demographic trends
- 3.4.2 Factors affecting buying decision
- 3.4.3 Consumer product adoption
- 3.4.4 Preferred distribution channel
- 3.5 Growth potential analysis
- 3.6 Regulatory landscape
- 3.7 Pricing analysis
- 3.8 Porter's analysis
- 3.9 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 Type, 2021 - 2032, (USD Million) (Thousand Units)
- 5.1 Key trends
- 5.2 Oak timbers
- 5.3 Hardwoods
- 5.4 Plastic
- 5.5 Steel
- 5.6 Others
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2032, (USD Million) (Thousand Units)
- 6.1 Key trends
- 6.2 Temporary roadways
- 6.3 Bridge decking
- 6.4 Excavation support
- 6.5 Pipeline construction
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Region, 2021 - 2032, (USD Million) (Thousand Units)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
Chapter 8 Company Profiles
- 8.1 Bigfoot Outrigger Pads
- 8.2 Dewitt Products
- 8.3 DICA Outrigger Pads
- 8.4 Easi-Set Industries
- 8.5 Greenfield Products
- 8.6 Industrial Timber Products
- 8.7 Keller North America
- 8.8 Matrax
- 8.9 MaXXiMaT
- 8.10 National Crane Mats
- 8.11 Pinnacle Manufacturing
- 8.12 Quality Mat Company
- 8.13 SafeTree Products
- 8.14 Strad Energy Services
- 8.15 Transcor
- 8.16 Utility Mat Company
