China Mobile Cranes Market Size, Share and Trends Analysis Report, by Product Type, by Application and Forecast, 2020-2026. The Chinese mobile crane market is expected to grow 6.2% over the forecast period.
China mobile crane market is estimated at a CAGR of 6.2% in the forecast period. The growth in infrastructure spending is expected to provide an opportunity for market growth.
For example, the National Development and Reform Commission (NDRC) approved 21 infrastructure projects worth at least $ 107.8 billion in October 2019. The country is largely concentrating on approving infrastructure projects that will facilitate the stabilization of the Chinese economy.
In addition, the increasing focus on developing and expanding seaports is also accelerating the growth of infrastructure activities in the country. China’s development strategy for the Belt and Road Initiative (BRI) is to establish connectivity and collaboration with economic borders.
This leads to an increasing adoption of mobile cranes suitable for both inland ports and large sea ports. These cranes offer maximum material handling and are therefore suitable for use in ports.
It offers flexible and economical handling of every freight category and serves every type and size of ship in every type of port terminal.
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Size of the Chinese mobile crane market
- Market number available for 2019-2026
- Base year 2019
- Forecast period 2020-2026
- Segment covered by product type and application
- Competitive landscape – Xuzhou Construction Machinery Group Co., Ltd., Liebherr-International AG, Konecranes and Sany Heavy Industry Co., Ltd.
Recent strategic initiatives in the Chinese mobile crane market
- In July 2020, XCMG unveiled and delivered the 750-ton, eight-axle XCA750 all-terrain crane, which was specially developed for repair and maintenance work on wind turbines. This new crane has a 92 meter long main boom with seven sections, which is crowned by a hydraulically erected high-performance wind turbine extension, which increases the maximum hook height to 115 meters and can lift up to 62 tons.
- In January 2019, Konecranes received from Cosco Shipping Bulk Co., Ltd. (COSCO) received an order for two floating cranes for operation on the open sea in China. Ten Konecranes Gottwald floating cranes are in use with these two cranes on the west coast of Africa.
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Mobile crane market segmentation in China
By product type
- Truck crane
- Crawler crane
- Trailer mounted crane
- Bauer AG
- Product portfolio
- Recent activity
- JLG Industries, Inc.
- Konecranes Plc
- Liebherr-International AG
- Liugong Machinery Co., Ltd.
- Sany Heavy Industry Co., Ltd.
- Tadano Ltd.
- Terex Corp.
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
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