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Electric Crawler Crane Market Analysis
- Report ID: GMI6057
- Published Date: Jun 2023
- Report Format: PDF
Electric Crawler Crane Market Analysis
The below 50 metric tons electric crawler crane market is expected to expand at around 8% growth rate during 2023-2032. Smaller construction projects, such as residential & commercial buildings, infrastructure maintenance, and urban development, often require cranes with lower lifting capacities, thus creating the need for electric crawler cranes with a capacity of below 50 metric tons. Additionally, this segment is witnessing increased demand due to its versatility, maneuverability in confined spaces, and lower operating costs compared to larger capacity cranes. Growth in this sector reflects the market's recognition of the value and suitability of electric crawler cranes for smaller-scale projects.
The construction market is poised to attain 10% gains between 2023 and 2023. In this, electric crawler cranes are increasingly preferred due to their ability to operate in challenging conditions. These cranes offer enhanced maneuverability on rough terrains, enabling efficient lifting and positioning of heavy materials & equipment. The construction industry, in particular, has witnessed a surge in demand for electric crawler cranes as construction companies strive to meet sustainability goals and adhere to stricter environmental regulations. As a result, the construction segment is expected to exhibit substantial electric crawler crane business growth.
The Asia Pacific electric crawler crane market held a significant share of over 45% in 2022 will foresee 10% growth through 2032. China, Japan, and South Korea are major contributors to market expansion in Asia Pacific. Increasing urbanization, infrastructure development projects, and government initiatives to reduce pollution have driven the demand for electric crawler cranes in the region. China, in particular, has implemented strict emission standards and promoted the use of electric construction equipment, leading to significant market growth.
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Electric Crawler Crane Market Scope
