Report Canada - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers and Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

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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Canada: Crane Market 2024

Crane Market Size in Canada

The Canadian crane market fell to $X in 2022, reducing by -2.9% against the previous year. In general, consumption showed a noticeable decrease. Crane consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Canada

In value terms, crane production contracted markedly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 154% against the previous year. Crane production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Crane Exports

Exports from Canada

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 1.5% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 46%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crane exports rose to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 46%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for crane exports from Canada, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +10.6%.

In value terms, the United States ($X) also remains the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +10.5%.

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, growing by 1.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. The export price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.2% per year.

Crane Imports

Imports into Canada

In 2022, after two years of decline, there was growth in supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, when their volume increased by 4.1% to X units. Over the period under review, imports, however, saw a pronounced downturn. The growth pace was the most rapid in 2019 when imports increased by 65%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crane imports expanded rapidly to $X in 2022. Overall, imports, however, recorded a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 29%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Italy (X units) and Japan (X units) were the main suppliers of crane imports to Canada, with a combined 58% share of total imports. Germany, Austria, Ireland, Spain and China lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +49.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) appeared to be the largest crane suppliers to Canada, with a combined 54% share of total imports. Italy, Austria, Ireland, Spain and China lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Ireland, with a CAGR of +46.3%, saw 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 2022, the average crane import price amounted to $X per unit, rising by 10% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?

The country with the largest volume of crane consumption was China, comprising approx. 22% of total volume. Moreover, crane consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Italy, with a 5.1% share.

What are the largest producers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?

China remains the largest crane producing country worldwide, comprising approx. 24% of total volume. Moreover, crane production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Germany ranked third in terms of total production with an 8% share.

What are the leading suppliers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Canada?

In value terms, the United States, Germany and Italy were the largest crane suppliers to Canada, with a combined 55% share of total imports.

What are the leading importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from Canada?

In value terms, the United States remains the key foreign market for crane exports from Canada, comprising 98% of total exports. The second position in the ranking was occupied by Japan, with a 0.4% share of total exports.

What is the average export price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Canada?

The average crane export price stood at $47,787 per unit in 2020, increasing by 68% against the previous year.

What is the average import price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Canada?

In 2020, the average crane import price amounted to $9,869 per unit, declining by -7.3% against the previous year.

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

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023