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The Cranes Market Size was estimated at USD 46.59 billion in 2023 and is expected to arrive at USD 74.93 billion by 2032 with a growing CAGR of 5.42% over the forecast period 2024-2032. This report offers a unique perspective on the crane market by analyzing global production trends, fleet utilization rates, and the impact of maintenance costs and downtime on operational efficiency. It further explores technological adoption, highlighting automation and IoT integration across regions, along with export/import dynamics, shedding light on global trade shifts. Additionally, insights into electrification trends, supply chain disruptions, and rental market expansion make this report a comprehensive industry outlook.
The U.S. cranes market is projected to grow steadily from USD 6.12 billion in 2023 to USD 10.13 billion by 2032, driven by increasing infrastructure development, industrial expansion, and advancements in crane technology. The market is expected to witness a CAGR of approximately 5.7%, with rising investments in construction and logistics sectors fueling demand
Drivers
The cranes market is driven by rapid urbanization, large-scale infrastructure projects, and technological advancements, fostering steady growth.
The growing construction and infrastructure development sector is a key driver for the cranes market, fueled by rapid urbanization, industrial expansion, and government-backed smart city initiatives. Growing investments in residential, commercial, as well as industrial projects globally is fuelling demand for advanced lifting solutions. Large-scale infrastructure projects in emerging economies, particularly in Asia-Pacific and the Middle East that include highways, bridges, metro rail and high-rise buildings are contributing to the boom in sales of cranes. Moreover, the construction industry is witnessing an increase in tower crane, mobile crane, and crawler crane adoption due to their capability to manage heavy loads in crowded urban areas. One of the key trends driving the market is the integration of automation and telematics in cranes to improve operational safety and efficiency. In addition, the shift to electric and hybrid cranes, following tight emission regulations, is encouraging innovation. The cranes market is anticipated to grow steadily over next few years, as global construction activities continue to grow.
Restraint
The high capital investment and ongoing maintenance costs of cranes make ownership challenging for SMEs, leading to a preference for rentals or leasing.
Cranes are essential for various industries, including construction, manufacturing, and logistics, but their high initial investment and maintenance costs pose a significant challenge, particularly for small and medium-sized enterprises (SMEs). The cost of buying a crane is significant expenditure the crane itself as well as transportation, installation, and operational setup. And you still have to do regular maintenance for safety, efficiency, and industry compliance. In addition, they incur ongoing costs such as inspections, spare parts, repairs and operator training, which contribute to total ownership cost. For SMEs, these financial responsibilities add up, and as a result, many feel they simply cannot justify purchasing a crane, and have therefore turned to rental or leasing solutions. Additionally, there are costs associated with unexpected breakdowns and repairs, which can lead to downtime and impact project schedules and profit margins. As a result, producers are working on creating economical, energy-efficient, and low-maintenance cranes for budget-conscious companies, and to increase availability in the marketplace.
Opportunities
The rise of modular construction is increasing demand for cranes to lift and assemble prefabricated components efficiently.
The rise of modular and prefabricated construction is driving significant demand for cranes, as these projects rely on heavy lifting for assembling pre-manufactured components. Modular buildings are designed and built off site before being assembled onto their final locations, and rely heavily on precision placement and installation by crane. The growth of structural components is particularly pronounced in urban locations, were land availability or construction crew shortages stress conventional construction. Various types of cranes, including tower cranes, mobile cranes, and crawler cranes, are widely utilized to lift precast steel structures, concrete panels, and modular units, minimizing on-site construction time and labor costs. Emerging crane technologies, including automatic lift and remote operation, also help in making this process more efficient as modular construction. As governments and private developers embrace modular techniques for residential, commercial, and infrastructure projects, the demand for cranes in this segment is projected to expand steadily, presenting lucrative opportunities for crane manufacturers and rental service providers.
Challenges
The growing preference for crane rentals over ownership is reducing new crane sales, pushing manufacturers to adapt with leasing models and advanced solutions.
The crane rental market is experiencing significant growth as businesses increasingly opt for renting over purchasing due to cost-effectiveness and operational flexibility. Owing a crane incurs high up-front costs, maintenance, insurance, and storage costs, so rentals often make more sense for prospective buyers especially for short-term projects. Crane rental services offer a full range of types of cranes and maximize crane access without the financial burden of ownership, enabling construction firms, logistics companies and industrial users to increase operations when required. Innovations in telematics and remote monitoring also allow rental companies to provide well-maintained, technologically advanced equipment, making them even more attractive. This move is affecting the crane manufacturers, since a drop in the demand for new crane sales leads them to seek other paths of revenues like leasing models, maintenance services and digital solutions. Manufacturers must offer technologically advanced cranes at a cost-competitive price, and also respond to the evolution towards flexibility through rental solutions.
By Product Type
The Mobile Cranes segment dominated with a market share of over 62% in 2023, due to its adaptability, ease of movement, and extensive applications across various industries. Truck-mounted, crawler, and rough-terrain cranes are among the most commonly used cranes in construction, infrastructure, and industrial projects, thanks to their ability to take on heavy lifting tasks. Their versatility allows them to work on different landscapes and atmospheres, proving to be crucial for city building, road working, and portico operations. Moreover, technological innovations like system automation and telematics integration have improved their operational efficiency and safety. Moreover, the rise in demand for fast project completion, as well as rising investments in smart city projects and renewable energy projects, further drives the expansion of the mobile cranes segment across the world.
By End-User
The construction segment dominated with a market share of over 38% in 2023, driven by the rising demand for advanced lifting equipment in large-scale infrastructure projects. There are significant investments being made by Governments across the globe in smart cities, bridge construction and urban development which fuels demand for cranes in order to increase the productivity and safety. The development of residential and commercial real estate, as well as the increasing industrialization, stimulate the market growth. Tower cranes, mobile cranes, and crawler cranes are widely utilized in high-rise buildings, roadways, and metro projects. Moreover, the increasing emphasis on sustainable and modular construction methodologies has further intensified the need for technologically sophisticated cranes. The construction sector remains the main driver of crane adoption and sustains its lead in the global market as urbanization continues to accelerate.
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The Asia-Pacific region dominates with a market share of over 45% in 2023 and is also the fastest-growing region. Countries such as China, India, and Japan are responsible for this dominance due to rapid urbanization, industrialization, and infrastructure development. Demand for cranes in the region has accelerated due to government initiatives that promote smart cities, high-speed rail projects and the expansion of commercial construction. Presence of large construction and manufacturing facilities also propels market growth. As the world’s largest construction market, China holds a pivotal position in driving the industry, while India’s growing investment in metro, highways, and real estate is driving demand even further. Similarly, the increasing shipbuilding, energy and mining sectors in the Asia-Pacific are adding to the demand for heavy-lifting equipment. Furthermore, cranes industry in the world is surging towards Asia-Pacific due to availability of cheap labor, reduction in technology costs and increasing adoption rate of automated and electric cranes, which is driving the market growth.
SANY GROUP (China) – (Crawler Cranes, Truck Cranes, All-Terrain Cranes)
Konecranes (Finland) – (Overhead Cranes, Portal Cranes, Mobile Harbor Cranes)
Manitowoc Company, Inc. (U.S.) – (Crawler Cranes, Tower Cranes, Rough Terrain Cranes)
Tadano Ltd (Japan) – (Rough Terrain Cranes, Truck Cranes, All-Terrain Cranes)
Komatsu Ltd (Japan) – (Crawler Cranes, Hydraulic Cranes, Mobile Cranes)
Terex Corporation (U.S.) – (Tower Cranes, Rough Terrain Cranes, Boom Trucks)
Liebherr Group (Germany) – (Tower Cranes, Mobile Cranes, Crawler Cranes)
Hitachi Construction Machinery Europe NV (Netherlands) – (Hydraulic Cranes, Crawler Cranes)
Demag Cranes & Components GmbH (Germany) – (Overhead Cranes, Gantry Cranes, Mobile Cranes)
Zoomlion Heavy Industry Science and Technology Co., Ltd (China) – (Tower Cranes, Crawler Cranes, Truck Cranes)
XCMG Group (China) – (All-Terrain Cranes, Crawler Cranes, Tower Cranes)
Palfinger AG (Austria) – (Knuckle Boom Cranes, Loader Cranes, Marine Cranes)
Kobelco Construction Machinery Co., Ltd. (Japan) – (Crawler Cranes, Lattice Boom Cranes)
Sumitomo Heavy Industries (Japan) – (Crawler Cranes, Hydraulic Cranes)
Sennebogen Maschinenfabrik GmbH (Germany) – (Material Handling Cranes, Duty Cycle Cranes)
Favelle Favco Berhad (Malaysia) – (Tower Cranes, Offshore Cranes)
Manitex International, Inc. (U.S.) – (Boom Trucks, Articulating Cranes, Rough Terrain Cranes)
Broderson Manufacturing Corp. (U.S.) – (Carry Deck Cranes, Rough Terrain Cranes)
TIL Limited (India) – (Mobile Cranes, Rough Terrain Cranes, Truck Cranes)
Fassi Gru S.p.A. (Italy) – (Truck-Mounted Cranes, Articulating Cranes)
Liebherr
Terex Corporation
Manitowoc
Tadano Ltd.
Konecranes
Zoomlion Heavy Industry
SANY Group
XCMG Group
Palfinger AG
Kobelco Construction Machinery
November 12, 2024: Sany's SAC40000T, a 4,000-ton all-terrain crane, is poised to transform large-scale lifting, particularly in the wind energy sector, by accommodating next-generation 10-13 MW turbines.
June 27, 2024: Terex has introduced the TRT 80L, an 80-ton rough terrain crane equipped with a 47-meter telescopic boom, a compact 3-meter width, and superior maneuverability for tight job sites. Its self-mounting counterweight and four steering modes streamline transport and setup.
| Report Attributes | Details |
| Market Size in 2023 | USD 46.59 Billion |
| Market Size by 2032 | USD 74.93 Billion |
| CAGR | CAGR of 5.42% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Mobile, Fixed, Marine) • By End-User (Construction, Mining, Industrial, Oil & Gas, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | SANY GROUP, Konecranes, Manitowoc Company, Inc., Tadano Ltd, Komatsu Ltd, Terex Corporation, Liebherr Group, Hitachi Construction Machinery Europe NV, Demag Cranes & Components GmbH, Zoomlion Heavy Industry Science and Technology Co., Ltd, XCMG Group, Palfinger AG, Kobelco Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Sennebogen Maschinenfabrik GmbH, Favelle Favco Berhad, Manitex International, Inc., Broderson Manufacturing Corp., TIL Limited, Fassi Gru S.p.A. |
Ans: The Cranes Market is expected to grow at a CAGR of 5.42% from 2024-2032.
Ans: The Cranes Market was USD 46.59 billion in 2023 and is expected to reach USD 74.93 billion by 2032.
Ans: The cranes market is driven by rapid urbanization, large-scale infrastructure projects, and technological advancements, fostering steady growth.
Ans: The “Mobile Cranes” segment dominated the Cranes Market.
Ans: Asia-Pacific dominated the Cranes Market in 2023
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Global Crane Production Output, by Region (2020-2023)
5.2 Crane Fleet Utilization Rates, by Region (2020-2023)
5.3 Maintenance Costs and Downtime Metrics in the Crane Industry
5.4 Technological Adoption Rates in the Crane Industry, by Region
5.5 Crane Export/Import Data, by Region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Cranes Market Segmentation, By Product Type
7.1 Chapter Overview
7.2 Mobile
7.2.1 Mobile Market Trends Analysis (2020-2032)
7.2.2 Mobile Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Fixed
7.3.1 Fixed Market Trends Analysis (2020-2032)
7.3.2 Fixed Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Marine
7.4.1 Marine Market Trends Analysis (2020-2032)
7.4.2 Marine Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Cranes Market Segmentation, By End-User
8.1 Chapter Overview
8.2 Construction
8.2.1 Construction Market Trends Analysis (2020-2032)
8.2.2 Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Mining
8.3.1 Mining Market Trends Analysis (2020-2032)
8.3.2 Mining Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Industrial
8.4.1 Industrial Market Trends Analysis (2020-2032)
8.4.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Oil & Gas
8.5.1 Oil & Gas Market Trends Analysis (2020-2032)
8.5.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Others
8.6.1 Others Market Trends Analysis (2020-2032)
8.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.4 North America Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.5.2 USA Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.6.2 Canada Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.6.2 France Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.5.2 China Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.5.2 India Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.5.2 Japan Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.9.2 Australia Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.4 Africa Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Cranes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.4 Latin America Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Cranes Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Cranes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
10. Company Profiles
10.1 SANY GROUP
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Konecranes
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Manitowoc Company, Inc.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Tadano Ltd
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Komatsu Ltd
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Terex Corporation
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Liebherr Group
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Hitachi Construction Machinery Europe NV
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Demag Cranes & Components GmbH
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Zoomlion Heavy Industry Science and Technology Co., Ltd.
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product Type
Mobile
Fixed
Marine
By End-User
Construction
Mining
Industrial
Oil & Gas
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
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