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Crawler Crane Market
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Crawler Crane Market 2023-2028: Trends, Size, Growth Rate and Forecast

Crawler Crane Market expects to reach US$ 4.3 Billion by 2028

The "Crawler Crane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” report by IMARC Group offers a detailed analysis of the industry, including crawler crane market share, size, trends, and growth forecasts. The crawler crane market research report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Crawler Crane Market?

The global crawler crane market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.52% during 2023-2028.

What is Crawler Crane?

A crawler crane is a versatile piece of machinery designed to go across rough terrain using metal tracks. It is equipped with an array of attachments and tools, allowing it to perform various tasks. It generally operates via hydraulic systems, which control the movement of the boom arm and hoist, and can be easily transported to different job sites, making it an efficient and cost-effective solution for heavy lifting and material handling operations. Its capabilities extend to lifting and moving large items, including steel beams, concrete blocks, and machinery, as well as loading and unloading cargo from ships, barges, and trains. The increasing availability of construction equipment rental services has led to an increase in the demand for crawler cranes across the globe.

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What are the Growth Prospects and Trends in the Crawler Crane Market?

The global market is primarily driven by the widespread product demand across the construction industry. This is due to the increasing investments in numerous infrastructural development projects on account of rapid urbanization across several countries.  Along with this, continual technological advancements and the introduction of improved hydraulic systems, remote control capabilities, and advanced safety features are significantly supporting the demand for crawler cranes. Apart from this, the growing utilization of crawler cranes across the mining industry for moving and lifting heavy materials, including coal, waste rock, and iron particles is considered a growth-inducing factor. Other factors, such as rapid urbanization and industrialization and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.

Who are the key Players Operating in the Industry?

  • Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.
  • Kato Works Co Ltd
  • Kobe Steel Ltd
  • Liebherr-International Deutschland GmbH
  • Sany Group
  • Sennebogen Erich Holding GmbH & Co. KG
  • Tadano Ltd.
  • Terex Corporation
  • The Manitowoc Company Inc.
  • XCMG Group
  • Zoomlion Heavy Industry Science & Technology Co. Ltd.

What is included in Market Segmentation?

The report has segmented the market into the following categories:

Type Insights:

  • Lattice Boom Crawler Cranes
  • Telescopic Boom Crawler Cranes

Capacity Insights:

  • Below 50 Metric Tons
  • 50 to 250 Metric Tons
  • 250 to 450 Metric Tons
  • More than 450 Metric Tons

End User Insights:

  • Construction and Mining
  • Oil and Gas
  • Transport
  • Utility
  • Manufacturing
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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