Canada - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImports of Cranes Surge to $35 Million in Canada During October 2023
Canada Crane Imports
In October 2023, approximately 222 units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Canada; jumping by 28% compared with September 2023. In general, total imports indicated a mild expansion from October 2022 to October 2023: its volume increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, imports decreased by -8.3% against August 2023 indices. The most prominent rate of growth was recorded in November 2022 with an increase of 37% against the previous month. As a result, imports reached the peak of 243 units. From December 2022 to October 2023, the growth of imports failed to regain momentum.
In value terms, crane imports soared to $35M (IndexBox estimates) in October 2023. The total import value increased at an average monthly rate of +3.0% over the period from October 2022 to October 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. Over the period under review, imports hit record highs at 41M units in August 2023; however, from September 2023 to October 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Crane in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 7.0 | 8.0 | 3.9 | 13.9 | 4.0 | 9.5 | 9.4 | 6.9 | 8.8 | 7.5 | 12.3 | 6.7 | 9.9 |
| Italy | 6.8 | 7.3 | 5.6 | 8.1 | 1.9 | 3.7 | 2.2 | 3.3 | 3.7 | 4.5 | 8.7 | 2.4 | 7.5 |
| Japan | 1.9 | 7.1 | 9.7 | 3.1 | 5.4 | 0.8 | 5.3 | 2.3 | 1.9 | 1.2 | 8.9 | 3.2 | 6.6 |
| Germany | 0.7 | 1.7 | 0.7 | 2.6 | 2.7 | 0.2 | 4.0 | 2.8 | 7.6 | 6.8 | 1.2 | 7.4 | 4.3 |
| Austria | 3.5 | 3.0 | 2.8 | 1.7 | 4.2 | 9.3 | 3.9 | 5.7 | 3.0 | 3.7 | 4.9 | 1.4 | 4.0 |
| Spain | 1.6 | 1.2 | 2.7 | 2.1 | 1.0 | 2.2 | 2.0 | 1.4 | 0.2 | 0.5 | 1.7 | 0.7 | 0.3 |
| France | N/A | 0.2 | 0.3 | 1.0 | 0.3 | N/A | 0.8 | 2.1 | 0.5 | 0.7 | 0.6 | 1.5 | < 0.1 |
| Others | 3.5 | 4.5 | 3.3 | 5.1 | 5.8 | 4.0 | 5.5 | 5.9 | 5.9 | 8.2 | 2.7 | 2.2 | 2.7 |
| Total | 25.0 | 32.9 | 29.0 | 37.6 | 25.3 | 29.6 | 33.0 | 30.5 | 31.6 | 33.0 | 41.1 | 25.6 | 35.4 |
Imports by Country
Italy (62 units), the United States (55 units) and Japan (39 units) were the main suppliers of crane imports to Canada, together accounting for 70% of total imports. Germany, Austria, Spain and France lagged somewhat behind, together comprising a further 24%.
From October 2022 to October 2023, the biggest increases were in Germany (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United States ($9.9M), Italy ($7.5M) and Japan ($6.6M) appeared to be the largest crane suppliers to Canada, with a combined 68% share of total imports. These countries were followed by Germany, Austria, Spain and France, which together accounted for a further 25%.
Among the main suppliers, Germany, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In October 2023, the crane price stood at $160K per unit (CIF, Canada), growing by 8.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in February 2023 an increase of 20% month-to-month. As a result, import price attained the peak level of $186M per thousand units; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($264K per unit), while the price for Italy ($121K per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the crane market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221420 - Overhead travelling cranes on fixed support
- Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
- Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
- Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
- Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
