Canada: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2025

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Canada

In 2021, after four years of growth, there was significant decline in the Canadian transporter and bridge cranes market, when its value decreased by -7.3% to $X. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Canada

In value terms, transporter and bridge cranes production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Canada

For the third year in a row, Canada recorded decline in shipments abroad of transporter cranes, gantry cranes and bridge cranes, which decreased by -38.7% to X units in 2021. Over the period under review, exports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2014 when exports increased by 151% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports declined significantly to $X in 2021. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 137%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for transporter and bridge cranes exports from Canada, with a 79% share of total exports. Moreover, transporter and bridge cranes exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+79.9% per year) and Mexico (-16.2% per year).

In value terms, the United States ($X) remains the key foreign market for transporter cranes, gantry cranes and bridge cranes exports from Canada, comprising 79% of total exports. The second position in the ranking was held by China ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+86.4% per year) and Mexico (-13.2% per year).

Export Prices by Country

In 2021, the average transporter and bridge cranes export price amounted to $X per unit, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Canada

In 2021, purchases abroad of transporter cranes, gantry cranes and bridge cranes decreased by -38.4% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 325% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then shrank rapidly in the following year.

In value terms, transporter and bridge cranes imports shrank markedly to $X in 2021. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 321% against the previous year. Imports peaked at $X in 2020, and then contracted significantly in the following year.

Imports by Country

China (X units), Ireland (X units) and the United States (X units) were the main suppliers of transporter and bridge cranes imports to Canada, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +44.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transporter and bridge cranes suppliers to Canada were China ($X), Ireland ($X) and the United States ($X), together comprising 81% of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +44.8%, 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 2021, the average transporter and bridge cranes import price amounted to $X per unit, picking up by 25% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and the Netherlands ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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