Crawler Cranes Market Insights:
Crawler Cranes Market Size was valued at USD 4,230.14 Million in 2022, and it is estimated to reach USD 7,026.48 Million by 2030, reflecting a compound CAGR of 6.8% throughout the forecast period. They are widely used in construction sites, ports, oil and gas facilities, and various other Crawler Cranes industries. The increasing need for infrastructure development, driven by urbanization and population growth, is a significant growth factor for the crawler crane market. Governments worldwide are investing in the construction of roads, bridges, airports, and other infrastructure projects, creating a substantial demand for crawler cranes.
Major Key Players in the Crawler Crane Market
The crawler crane market is highly competitive, with several major players operating globally. Some of the prominent companies in the market include:
- XCMG Group
- The Manitowoc Company Inc.
- Terex Corporation
- Tadano Ltd.
- Sennebogen Erich Holding GmbH & Co. KG
- Sany Group
- PVE Cranes Middle East LLC
- Liebherr-International Deutschland GmbH
- Kato Works Co Ltd
- Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.
Crawler Cranes Market Segmentation:
By Type
- Lattice Boom Crawler Cranes
- Telescopic Boom Crawler Cranes Lifting
Capacity:
- Less than 150 tons
- 150 tons to 300 tons
- 300 tons to 600 tons
- More than 600 tons
End-Use Industry:
- Oil and Gas
- Construction
- Transport
- Mining
- Shipping and Port Building
- Agriculture
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Regional Analysis:
In North America, the crawler crane market is significant due to ongoing infrastructure development, urbanization, and industrial projects. The United States and Canada are the key contributors to the market growth in this region.
Europe is another prominent region in the crawler crane market. Countries such as Germany, the United Kingdom, France, and Italy are crawler crane major contributors to market growth. The construction of renewable energy projects, transportation infrastructure, and urban development initiatives fuel the demand for in this region.
The Asia Pacific region is witnessing rapid growth in the crawler crane market. Emerging economies like China, India, and Japan are driving the crawler crane Opportunities for the Global Market due to extensive infrastructure development, urbanization, and industrial expansion.
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