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Articulating Knuckle Boom Cranes Market Trends

Report ID: GMI8459
Published Date: Mar 2024
Report Format: PDF

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Articulating Knuckle Boom Cranes Market Trends

The articulating knuckle boom cranes industry has witnessed significant technological advancements. The integration of advanced computer-aided systems and load-sensing technology enhances precision and control during lifting operations, resulting in faster completion times and less human fatigue. Real-time monitoring of crane performance, fuel consumption, and maintenance schedules enables improved fleet management, preventative maintenance, and resource allocation, resulting in increased efficiency and production.

In addition, the introduction of semi-autonomous or completely autonomous functions has the potential to minimize dependency on experienced operators, reduce the skilled labor gap, and increase efficiency in specialized applications. Integration of technologies like overload protection systems, anti-two-block systems, and boom collision avoidance minimizes the risk of accidents and injuries, leading to safer working environments.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of articulating knuckle boom cranes was reached USD 1.3 billion in 2023 and is anticipated to register a CAGR of over 4% between 2024 and 2032, driven by rising investment in infrastructure development.

The truck mounting segment held around 66% market share in 2023 and is poised for significant growth over 2024-2032, backed by better adaptability and higher utilization rates, particularly for firms that manage many projects in different locations.

North America dominated the global articulating knuckle boom cranes market with a share of over 32% in 2023 and will continue to grow through 2032, favored by consistent expansion of construction sector and technological advancements.

Amco Veba, ATLAS GmbH, Bonfiglioli Group, Copma Cranes, Fassi Gru S.p.A., Manitex International Inc, PALFINGER AG, PM Group S.p.A., Sany, and XCMG Group.