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World - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - 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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Crane market

Crane market: download the latest statistics powered by an Ai-driven business intelligence platform. Info cover production, market prices, consumption, imports, companies, trade, exports, and market size. Here is a split by region, including EU, Africa, the U.S., the Middle East, the U.K., China, Latin America, and Russia. Market trends and forecast to 2030 are also provided in the dashboards.

Crane - World's Largest Markets

RatingCountry
1China
2Russia
3United States
4Nigeria
5Italy

In value terms, China led the market, alone. The second position in the ranking was occupied by Russia. It was followed by the United States.

In China, the crane market contracted by an average annual rate of -1.3% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Russia (+5.1% per year) and the United States (-2.0% per year).

Crane Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Nigeria65793088496-72.5%
Hungary342218141302-38.3%
India12458863910982-6.1%
United States178991976115759-6.2%
Spain1700419010185174.4%
France439783969324125-25.9%
Belgium21698259352755412.7%
Italy303243209229015-2.2%
China735166294841295-25.1%
Poland736715719043536-23.1%
Austria27943337975761143.6%
Japan718546540065646-4.4%
Germany824826753670362-7.6%
Average405203909431130-12.3%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($70,362 per unit), while Nigeria ($496 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
United States5202062291526880.6%
Israel592114906942209-15.6%
France975567117538472-37.2%
Singapore16929177363611146.1%
India654013737430071-32.2%
Russia305613304328015-4.3%
Netherlands1511515971166144.8%
Philippines12767143801552310.3%
Canada1094913663116213.0%
Australia125541161210946-6.6%
Belgium726963795506-13.0%
Hungary381327452245-23.3%
South Sudan41516861986.5-98.7%
Average341083262229895-6.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($52,688 per unit), while South Sudan ($6.5 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other global leaders experienced more modest paces of growth.

Crane - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States1.81.91.6-3.6%
France0.40.40.43.4%
Netherlands0.40.40.44.6%
Russia0.30.50.417.6%
Canada0.30.30.411.1%

In value terms, the United States ($1.6B) constitutes the largest market for imported derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane worldwide, comprising 14% of global imports. The second position in the ranking was occupied by France ($437M), with a 3.7% share of global imports. It was followed by the Netherlands, with a 3.7% share.

In the United States, crane imports shrank by an average annual rate of -3.6% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: France (+3.4% per year) and the Netherlands (+4.6% per year).

Crane - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China3.43.12.6-12.8%
Germany1.71.71.6-1.0%
Italy1.41.31.1-10.6%
Austria0.80.80.7-2.9%
Japan0.910.7-10.5%

In value terms, China ($2.6B), Germany ($1.6B) and Italy ($1.1B) constituted the countries with the highest levels of exports in 2020, with a combined 48% share of global exports. Austria, Japan, Poland, Spain, the United States, Belgium, France, India, Nigeria and Hungary lagged somewhat behind, together accounting for a further 30%.

Nigeria (+354.9% per year) recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Crane - Market Forecast

Depressed by shrinking demand for crane worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Crane - Top Companies

Liaoning Ruicheng Liugong Machinery Equipment Co.,Ltd., Caterpillar Inc., KOMATSU LTD., Maoming Maonan Jinlu Tractors Manufacturing Co., Ltd., Dingsheng Tiangong Engineering Machinery Sales Co., Ltd., KONE Oyj, Liebherr-Intertrading SA, HITACHI CONSTRUCTION MACHINERY CO., LTD., SUMITOMO HEAVY INDUSTRIES, LTD., Sany Heavy Industry Co., Ltd., XCMG Construction Machinery Co., Ltd., ASHOK LEYLAND LIMITED, Terex Corporation, MITSUBISHI LOGISNEXT CO., LTD., Cargotec Oyj, Macgregor Holding Norway AS, Konecranes Abp, Shanghai Zhenhua Heavy Industries Co., Ltd., J.C.B. SERVICE, Hyster-Yale Materials Handling, Inc.

Crane - Product Coverage

  • HS 8426 - Derricks, cranes, including cable cranes, mobile lifting frames, straddle carriers and works trucks fitted with a crane

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global crane market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Sany, Palfinger, Tadano, Zoomlion, Manitowoc Cranes, ZPMC, Xuzhou heavy machinery (XCMG), Cargotec, Konecranes, including MHPS from Terex, Liebherr

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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