Dublin, June 11, 2021 (GLOBE NEWSWIRE) – The “Crane and Hoist Market by Type (Mobile Cranes, Fixed Cranes), Operations (Hydraulics, Electric, Hybrid), Industrial (Construction, Shipping and Materials Handling, Automotive & Rail, Mining, Air – and Space and Defense, Energy and Energy) – “Global Forecast to 2026” report was added to ResearchAndMarkets.com to offer.
The market size for cranes and hoists is expected to grow from USD 26.0 billion in 2021 to USD 33.0 billion by 2026; growth of 4.8% is expected from 2021 to 2026. The key factors driving the crane and hoist market growth are strong demand from the construction industry, expanding mining, and increased use in the shipping industry.
The mobile crane market is expected to have a larger market share in the forecast period
The mobile crane segment is expected to continue to have a larger market size over the forecast period. The growth of the mobile crane segment in the crane and hoist market can be attributed to its properties such as high mobility, high travel speed and the shorter time required for assembly on construction sites. Mobile cranes have been used in the mining, construction, aerospace, marine and materials handling industries where lifting and lowering activities require extensive movements of objects, materials or equipment.
The market for hydraulic operation is expected to make up a larger share of the market in the forecast period
The hydraulic operation segment is expected to continue to have a larger market size in the forecast period. The use of hydraulic technology ensures efficient use of energy and reduces electricity consumption. Hydraulic cranes are widely used for lifting and moving heavy materials in warehouses and industrial workshops. In addition, hydraulic cranes are used in the transport, manufacturing and construction industries. The retraction length of hydraulic cylinders is 20-40% of the fully extended length. Telescopic hydraulic cylinders are therefore ideal for limited installation space and a large stroke. The use of hydraulic cranes is increasing due to the limited space available in various industries such as construction, shipping and material handling as well as assembly lines. The COVID-19 pandemic has affected the growth of the overall crane market, which consequently has hampered the growth of the hydraulically powered crane market.
Construction industry will hold the largest size in the forecast period
The construction industry is expected to hold the largest market size during the forecast period. The construction industry has changed significantly in recent years due to the global recession, which has led to a downsizing of the industry in industrialized countries. However, construction investments in most emerging countries continued to grow moderately despite the global crisis. Earthmoving machines are mainly used for construction work such as excavating, lifting, loading and unloading weights, and leveling. Applications for cranes in earthmoving machinery include heavy loads, high cycle performance, and accurate movements.
The COVID-19 pandemic has impacted the global construction industry with delayed projects and lower investment in the infrastructure sector. As vaccination against COVID-19 evolves, real estate and infrastructure projects around the world are expected to slowly gain momentum and lead to the growth of the construction industry. China has already launched the “New Infrastructure” campaign to offset the economic impact of the COVID-19 pandemic. These factors are expected to result in a high rate of growth in the crane market for the construction industry.
It is expected that APAC will capture the largest market size during the forecast period
The APAC region is expected to hold the largest share of the crane and hoist market over the forecast period. The Asia-Pacific region is the fastest growing market and offers great opportunities for the construction industry, which is being driven by its growing population. The construction and material handling industries are booming, and as a result, has driven the crane market in India, China and Australia. The growing awareness of automation and the increasing emphasis of leading economies such as China and Japan on the construction and material handling industries are some of the main factors contributing to APAC’s largest market share. In addition, the rapid growth of the automotive, construction, aerospace and defense industries in emerging markets such as China and India is also supporting the growth of the crane market in APAC
Key topics covered:
1 Introduction
2 research methodology
3 Summary
4 premium insights
4.1 Attractive opportunities in the crane market
4.2 crane market, by type
4.3 Crane market, by operation
4.4 Crane market by industry and region
4.5 Crane market, by geography
5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Driver
5.2.1.1 Considerable demand from the construction industry
5.2.1.2 Expansion of the mining industry
5.2.1.3 Increased use in shipping
5.2.2 Limitations
5.2.2.1 Interruption of the supply chain due to COVID-19
5.2.2.2 High manufacturing and maintenance costs
5.2.3 Opportunities
5.2.3.1 Growing demand for industrial trucks in the aerospace and defense industries
5.2.3.2 Large intralogistics center in Southeast Asia
5.2.3.3 Integration of smart technologies in cranes
5.2.4 Challenges
5.2.4.1 Fluctuating oil and gas prices
5.2.4.2 Unavailability of skilled workers for crane operation due to COVID-19
5.3 Value chain analysis
5.4 ecosystem
5.5 Yc-Ycc-Shift: crane and hoist market
5.6 Porter’s Five Forces Analysis
5.7 case study
5.8 Technology analysis
5.9 Price analysis
5.10 Trade Analysis
5.11 Patent Analysis
5.12 regulatory landscape
6 crane market by type
6.1 Introduction
6.2 Mobile cranes
6.2.1 The market for mobile cranes is expected to make up a larger share in the forecast period
6.2.2 Boom type
6.2.2.1 Lattice mast type
6.2.2.2 Telescopic boom type
6.2.3 Crawler cranes
6.2.4 Rough terrain cranes
6.2.5 All-terrain cranes
6.2.6 Truck loading cranes
6.2.7 Mobile harbor cranes
6.2.8 Automatic stacking cranes
6.3 Fixed cranes
6.3.1 Fixed crane market is growing rapidly in the shipping and material handling industries
6.3.2 Industrial cranes
6.3.3 Tower cranes
6.3.4 Ship-to-Shore cranes
7 Kranmarkt, according to operation
7.1 Introduction
7.2 Hydraulics
7.2.1 Hydraulic operation segment with the largest market share in the forecast period
7.3 Electrics
7.3.1 Increasing use of electrical operation in a crane with a low load-bearing capacity to promote market growth
7.4 hybrid
7.4.1 Hybrid business segment is expected to grow the most in the forecast period
8 North America Mobile Cranes Market By Capacity
9 Hoist Market
9.1 By type
9.1.1 Type of wire rope with the largest share of the hoist market during the forecast period
9.1.2 Load chain with welded links
9.1.3 Wire rope
9.1.4 Roller load chain
9.1.5 Other
9.2 After operation
9.2.1 Electrical business segment should hold the largest market share in the forecast period
9.2.2 Pneumatics
9.2.3 Electrics
9.2.4 Hydraulics
9.3 By industry
9.3.1 Shipping and material handling industry with the largest share of the lifting equipment market in the forecast period
9.4 By region
9.4.1 APAC region holds the largest market share in the forecast period
10 Crane market by industry
11 Crane market by region
12 Competitive Landscape
12.1 Introduction
12.1.1 Top 5 Company Revenue Analysis
12.2 Market share analysis of players, 2020
12.3 Competitive Scoring Quadrant
12.3.1 star
12.3.2 Aspiring managers
12.3.3 Penetrating
12.3.4 Participants
12.4 Evaluation quadrant for startups / SMEs
12.4.1 Progressive Company
12.4.2 Responsive Company
12.4.3 Dynamic company
12.4.4 Starting block
12.5 Competitive Situations and Trends
12.5.1 Product launches
12.5.2 Offers
12.5.3 Other
13 company profiles
13.1 Key Players
13.1.1 Konecranes
13.1.1.1 Business Overview
13.1.1.2 Products offered
13.1.1.3 Recent developments
13.1.1.3.1 Product launches and developments
13.1.1.3.2 Offers
13.1.1.3.1 Others
13.1.1.4 Analyst View
13.1.1.4.1 Main strengths / right to profit
13.1.1.4.2 Strategic decisions made
13.1.1.4.3 Weaknesses and threats to competition
13.1.2 Liebherr
13.1.2.1 Business Overview
13.1.2.2 Products offered
13.1.2.3 Recent developments
13.1.2.3.1 Product launches and developments
13.1.2.3.2 Others
13.1.2.4 Analyst View
13.1.2.4.1 Main strengths / right to profit
13.1.2.4.2 Strategic decisions made
13.1.2.4.3 Weaknesses and threats to competition
13.1.3 Tadano
13.1.3.1 Business Overview
13.1.3.2 Products offered
13.1.3.3 Recent developments
13.1.3.3.1 Product launches and developments
13.1.3.3.2 Offers
13.1.3.3.3 Other
13.1.3.4 Analyst View
13.1.3.4.1 Main strengths / right to profit
13.1.3.4.2 Strategic decisions made
13.1.3.4.3 Weaknesses and threats to competition
13.1.4 Terex®
13.1.4.1 Business Review
13.1.4.2 Products offered
13.1.4.3 Recent developments
13.1.4.3.1 Offers
13.1.4.3.2 Others
13.1.4.4 Analyst View
13.1.4.4.1 Main strengths / right to profit
13.1.4.2 Strategic decisions made
13.1.4.4.3 Weaknesses and threats to competition
13.1.5 Zoomlion
13.1.5.1 Business Overview
13.1.5.2 Products offered
13.1.5.3 Recent developments
13.1.5.3.1 Others
13.1.5.4 Analyst View
13.1.5.4.1 Main strengths / right to win
13.1.5.4.2 Strategic decisions made
13.1.5.4.3 Weaknesses and threats to competition
13.1.6 Ingersoll Rand
13.1.6.1 Business Review
13.1.6.2 Products offered
13.1.6.3 Latest developments
13.1.6.3.1 Offers
13.1.7 Palfinger
13.1.7.1 Business Review
13.1.7.2 Products offered
13.1.7.3 Recent developments
13.1.7.3.1 Product launches and developments
13.1.7.3.2 Others
13.1.8 Columbus Mckinnon
13.1.8.1 Business Review
13.1.8.2 Products offered
13.1.8.3 Recent developments
13.1.8.3.1 Product launches and developments
13.1.8.3.2 Offers
13.1.8.3.3 Other
13.1.9 Kito
13.1.9.1 Business Overview
13.1.9.2 Products offered
13.1.9.3 Latest developments
13.1.9.3.1 Product launches and developments
13.1.9.3.2 Offers
13.1.10 Kobelco
13.1.10.1 Business Review
13.1.10.2 Products offered
13.1.10.3 Latest developments
13.1.10.3.1 Other
13.1.11 Sumitomo Heavy Industries
13.1.11.1 Business Review
13.1.11.2 Products offered
13.1.12 Abuse of crane systems
13.1.12.1 Business Review
13.1.12.2 Products offered
13.2 Other key actors
13.2.1 Xcmg
13.2.2 Mammoth
13.2.3 Kato Works
13.2.4 Altec Industries
13.2.5 Verlinde
13.2.6 Shanghai Yiying crane machines
13.2.7 Nucleon Crane Group
13.2.8 Cheng Day Machinery Works
13.2.9 Liugong machines
13.2.10 Load King
13.2.11 Elliot equipment
13.2.12 QMC construction cranes
13.2.13 Broderson production
13.2.14 Shanghai Zhenhua Heavy Industries Company (Zpmc)
14 Adjacent and Related Market
15 Appendix
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