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Crawler Crane Market Size By Application (Rental, Construction, Mining, Oil & Gas, Energy), By Capacity (Below 50 Metric Tons, 50 to 250 Metric Tons, 250 to 450 Metric Tons, 450 to 650 Metric Tons), COVID-19 Impact Analysis, Regional Outlook, 2023 – 2032

  • Report ID: GMI2960
  • Published Date: Mar 2023
  • Report Format: PDF

Crawler Crane Market Size

Crawler Crane Market size surpassed USD 2 billion in 2022 and is anticipated to grow at 4% CAGR from 2023 to 2032, owing to increasing investments in infrastructure development globally.
 

Crawler Crane Market

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The shifting government focus on infrastructure development, along with rising customer demand for luxury and aesthetically pleasing structures, is expected to fuel industry expansion. The manufacturers are extending their product line and offering sophisticated features for increased lifting capacity and enhanced safety, to meet the requirements from infra development projects, which is anticipated to drive crawler crane market expansion. Additionally, the mounting reliance of construction firms on advanced electronic cranes for economic benefits and carbon footprint reduction has resulted in ongoing investments to modernize building processes with cutting-edge technology is projected to propel business growth by 2032.
 

Lack of trained operators to restrict market development

The expanding construction sector has escalated the need for highly skilled personnel, which may limit the industry's progress. Moreover, some countries have strict safety and equipment handling standards in place to enhance worker safety and prevent machine damage during misuse. However, to increase efficiency, firms are increasing their technological expenditures and are offering training programs for their employees, which is projected to help them overcome this restraint.
 

Crawler Crane Market Analysis

Global Crawler Crane Market Volume Share By Capacity

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The below 50 metric crawler crane market is speculated to exceed USD 1 billion by 2032. The sector is projected to witness rapid expansion due to the small dimensions and sizes of these cranes as many construction tasks, such as pile driving and concrete formwork placement for bridge dams and building construction, necessitate the use of tiny crawler cranes. With rising capabilities such types of cranes, there is a growing product demand for their use in limited spaces and difficult maneuvering. In addition, these cranes offer improved safety, easy mobility, and cost savings while being sustainable, thereby stimulating segment growth by 2032.
 

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of crawler crane crossed USD 2 billion in 2022 and is anticipated to exhibit 4% CAGR during 2023 to 2032 attributed to massive investments in infrastructure development globally.
The industry share from the construction segment exceeded USD 500 million in revenue in 2022 and is expected to grow exponentially owing to the rising inclination towards electric crawler cranes for zero-emission operations.

Crawler Crane Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 24
  • Tables & Figures: 360
  • Countries covered: 16
  • Pages: 220
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