Newly published data from Fact.MR establishes that the crawler cranes industry surpassed US$ 3.4 Bn in 2018. By 2024, the market will likely swell at a CAGR exceeding 7%. As of 2021, the market will ascend to surpass US$ 4 Bn, expanding 1.8x until 2031.Furthermore, as per the report, top 5 manufacturers are likely to account for over 28% revenue share throughout the forecast period.
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Some of the key players profiled in the study are:
- Tadano Ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- XCMG Construction Machinery Co. Ltd.
- Sany Heavy Industry Co. Ltd.
- KATO WORKS CO. LTD.,
- Kobelco Construction Machinery Co. Ltd.
- Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.
- The Manitowoc Company Inc.
The Global Lattice Boom Crawler Cranes market research report displays the market size, share, status, production, cost analysis, and market value with the forecast period 2021-2031. Besides, upstream raw materials, downstream demand analysis, consumption volume, and the market share by segments and sub-segments have also been mentioned. It provides a refined view of the classifications, applications, segmentations, specifications and many more for Lattice Boom Crawler Cranes market. Regulatory scenarios that affect the various decisions in the Lattice Boom Crawler Cranes market are given a keen observation and have been explained.
Market Segmentation:
- Boom Type
- Lattice Boom Crawler Cranes
- Telescopic Boom Crawler Cranes
- Maximum Lifting Capacity (Tonne)
- Crawler Cranes for Less than 150 Tonnes
- Crawler Cranes for 150-300 Tonnes
- Crawler Cranes for 300-600 Tonnes
- Crawler Cranes for Greater than 600 Tonnes
- End Use Industry
- Crawler Cranes for Construction
- Crawler Cranes for Oil & Gas Industry
- Crawler Cranes for Shipping & Port Building
- Crawler Cranes for Wind Farms
- Crawler Cranes for Other End Use Industries
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Competitive Landscape
Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendly by nature.
- On August 19, 2021, Manitowoc acquired the assets of Aspen Equipment, a crane distributor and truck manufacturer based in Bloomington, Minnesota, for $51 million. It is anticipated that the acquisition will be completed by September. Upon closing of this acquisition, Manitowoc will be able to provide direct service and sales to end-users and rental companies in Nebraska and Minnesota.
- On August 25th, 20201, Tadano Group unveiled the GTC-1600, a 160 tons tele-boom crawler crane. Tadano’s GTC-1600 fills a gap in the market for telescopic boom crawlers with a 160-ton capacity and the main boom that can reach more than 200 feet.
