Crawler Crane Market valuation stood at US$2.807 billion in 2021

crawler crane market

A new analysis report on the crawler crane market, which is forecasted between 2023 and 2028, has been published by Knowledge Sourcing Intelligence.

The prime factors propelling the market growth of the crawler crane market are increasing construction and infrastructure development activities, expanding mining operations, and the need for versatile heavy-lifting machinery in various industries. Additionally, advancements in crane technology and a growing emphasis on safety and efficiency are further driving the market’s expansion.

As per the report, the crawler crane market is expected to grow at a significant pace.

Crawler cranes are heavy-duty, mobile lifting & smart machines equipped with caterpillar tracks that provide exceptional stability and maneuverability. These specialized cranes are designed for lifting and transporting heavy loads in construction, industrial, and other demanding environments, thanks to their ability to traverse challenging terrains and maintain balance while hoisting heavy materials. Crawler cranes are essential for tasks such as erecting steel structures, handling large machinery, and performing intricate lifting operations in locations where traditional wheeled cranes may struggle to operate effectively.

The market is witnessing multiple collaborations and technological advancements, for instance in April 2023 Kobelco unveiled its G-3 series Crawler Cranes at CONEXPO-CON/AGG 2023. These upgraded models prioritize operator comfort and safety, featuring Isuzu Tier 4 compliant engines, improved cabs with Bluetooth and USB capabilities, and a stylish new paint scheme. Offering lifting capacities from 160 to 275 U.S. tons, these cranes cater to diverse job site needs with various attachments while optimizing performance, reliability, and efficiency.

Based on transmission type the crawler crane market is divided into telescopic crawler crane and lattice boom crawler crane. The lattice boom crawler crane segment is experiencing remarkable growth due to its versatility and superior lifting capabilities. Lattice boom crawler cranes are particularly well-suited for heavy-duty lifting tasks in construction and industrial applications. Their lattice boom design allows for extended reach and greater height capacities, making them indispensable for large-scale infrastructure projects and industries like energy and mining. As the demand for high-performance lifting equipment continues to rise, lattice boom crawler cranes are becoming the preferred choice, thus driving major growth in this segment.

Based on End-User the crawler crane market is divided into construction, mining and ports. Among these segments the construction and mining sectors is significantly boosting the crawler crane market as these industries require robust and versatile heavy-lifting equipment to handle heavy materials and equipment efficiently. The expansion of infrastructure projects, urban development, and mining operations worldwide has led to an increased demand for crawler cranes, which offer excellent mobility, stability, and lifting capacities. These heavy-lifting construction machineries are essential for tasks such as material handling, erecting steel structures, and excavation in challenging terrains. As construction and mining activities continue to rise globally, the crawler crane market is expected to experience sustained growth in the coming years.

Based on Geography the Asia Pacific region is witnessing substantial growth in the crawler crane market due to rapid urbanization, infrastructure development, and construction activities across the region. Increasing demand for high-capacity lifting equipment in sectors such as real estate, energy, and transportation has driven the adoption of crawler cranes, while government initiatives promoting large-scale infrastructure projects further contribute to the market’s expansion. Additionally, rising investments in renewable energy projects and the need for versatile and heavy-lifting machinery in this region have propelled the crawler crane market’s remarkable growth.

As a part of the report, the major players operating in the crawler crane market, that have been covered are Liebherr, Mammoet, Manitowoc Company Inc, SANNY Group, SENNEBOGEN, Tadano Ltd, Terex Corporation, XCMG Group, ZOOMLION Heavy Industry Sciences and Technology Co Ltd.

View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/crawler-crane-market

These analytics report segments the crawler crane market on the following basis:

  • By Transmission Type
    • Telescopic Crawler Crane
    • Lattice Boom Crawler Crane
  • By End User
    • Construction
    • Mining
    • Ports
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Other