Northern America: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Northern America

The North American transporter and bridge cranes market fell rapidly to $X in 2021, which is down by -18.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Northern America

In value terms, transporter and bridge cranes production dropped notably to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 60% against the previous year. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in Northern America

In 2021, shipments abroad of transporter cranes, gantry cranes and bridge cranes decreased by -32.8% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 27% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports fell sharply to $X in 2021. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 30% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United States (X units) and Canada (X units), together reaching 99.9% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +4.3%).

In value terms, the United States ($X) remains the largest transporter and bridge cranes supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by Canada ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to -11.7%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, with an increase of 20% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transporter and bridge cranes export price increased by +77.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 44% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.1%).

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in Northern America

Transporter and bridge cranes imports fell remarkably to X units in 2021, shrinking by -29.8% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 111% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, transporter and bridge cranes imports shrank significantly to $X in 2021. Overall, imports, however, posted temperate growth. The pace of growth appeared the most rapid in 2018 when imports increased by 131% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) was the main importer of transporter cranes, gantry cranes and bridge cranes, making up 73% of total imports. It was distantly followed by Canada (X units), committing a 26% share of total imports.

Imports into the United States decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Canada (+6.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +6.6% from 2012-2021. Canada (+12 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -12.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported transporter cranes, gantry cranes and bridge cranes in Northern America, comprising 82% of total imports. The second position in the ranking was held by Canada ($X), with an 18% share of total imports.

In the United States, transporter and bridge cranes imports increased at an average annual rate of +3.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, stabilizing at the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transporter and bridge cranes import price increased by +66.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 46%. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.9%).

Source: IndexBox Platform

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