Southern Asia: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2025

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Southern Asia

In 2021, the South Asian transporter and bridge cranes market decreased by -5.2% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Southern Asia

In value terms, transporter and bridge cranes production declined to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +106.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in Southern Asia

In 2021, approx. X units of transporter cranes, gantry cranes and bridge cranes were exported in Southern Asia; increasing by 2.1% against 2020. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 305%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes exports rose markedly to $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 376% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India dominates exports structure, amounting to X units, which was near 90% of total exports in 2021. It was distantly followed by Pakistan (X units), making up a 4.6% share of total exports. Bangladesh (X units) took a little share of total exports.

Exports from India decreased at an average annual rate of -16.0% from 2012 to 2021. At the same time, Bangladesh (+31.2%) and Pakistan (+18.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +31.2% from 2012-2021. Pakistan (+4.4 p.p.) and Bangladesh (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -8.5% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest transporter and bridge cranes supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.7% share of total exports.

In India, transporter and bridge cranes exports plunged by an average annual rate of -13.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+19.5% per year) and Bangladesh (+33.1% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2015 when the export price increased by 23%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in Southern Asia

In 2021, after three years of decline, there was growth in overseas purchases of transporter cranes, gantry cranes and bridge cranes, when their volume increased by 0.9% to X units. In general, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 151%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, transporter and bridge cranes imports reduced to $X in 2021. Overall, imports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 103%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

India represented the key importing country with an import of about X units, which amounted to 83% of total imports. It was distantly followed by Bangladesh (X units), achieving a 14% share of total imports. Sri Lanka (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to transporter and bridge cranes imports into India stood at -2.4%. Bangladesh experienced a relatively flat trend pattern. Sri Lanka (-13.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Bangladesh increased by +5.2 and +3.9 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported transporter cranes, gantry cranes and bridge cranes in Southern Asia, comprising 90% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 6.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India totaled -3.0%. In the other countries, the average annual rates were as follows: Bangladesh (-8.0% per year) and Sri Lanka (-14.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, dropping by -7.7% against the previous year. Overall, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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