Northern America: Crane Market 2025

Crane Market Size in Northern America

The North American crane market amounted to $X in 2022, leveling off at the previous year. In general, consumption, however, continues to indicate a mild setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Crane Production in Northern America

In value terms, crane production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crane Exports

Exports in Northern America

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 36% to X units for the first time since 2012, thus ending a nine-year declining trend. Overall, exports, however, recorded a deep contraction. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crane exports expanded sharply to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the major exporting country with an export of around X units, which resulted at 80% of total exports. It was distantly followed by Canada (X units), constituting a 20% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to crane exports from the United States stood at -11.3%. At the same time, Canada (+6.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.8% from 2012-2022. While the share of Canada (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-15.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest crane supplier in Northern America, comprising 77% of total exports. The second position in the ranking was taken by Canada ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -11.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, shrinking by -20.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27%. As a result, the export price reached the peak level of $X per unit, and then declined dramatically in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Crane Imports

Imports in Northern America

In 2022, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -10.7% to X units, falling for the third consecutive year after two years of growth. Overall, imports recorded a mild contraction. The growth pace was the most rapid in 2019 when imports increased by 29%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, crane imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) represented the largest importer of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, committing 68% of total imports. It was distantly followed by Canada (X units), making up a 31% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane. Canada (-3.8%) illustrated a downward trend over the same period. While the share of the United States (+9.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-9.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Northern America, comprising 79% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

In the United States, crane imports expanded at an average annual rate of +5.8% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, growing by 14% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crane import price increased by +71.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :