糖心vlog传媒

logo

Asia-Pacific Mobile Crane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Mobile Crane Market is Segmented by Type (Wheel-Mounted Mobile Crane, Commercial Truck Mobile Crane, Side Boom, and Others), by Application (Construction, Mining & Excavation, Marine & Offshore, Industrial Applications and Others) and Country.

Home Market Analysis Automotive Research Heavy Equipment Research Material Handling Equipment Research Lifting Equipment Research Mobile Lifting Equipment Research Asia Pacific Mobile Crane Market

APAC Mobile Crane Market Size

View Global Report
Asia-Pacific Mobile Crane Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.00 %
Market Concentration Low

Major Players

Asia-Pacific Mobile Crane Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia Pacific Mobile Crane Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

APAC Mobile Crane Market Analysis

The Asia-Pacific Mobile Crane Market is projected to grow with a CAGR of more than 6 % during the forecast period.

  • Owing to the increased governmental spending on sectors such as construction, mining, ports and others, the mobile crane market is expected to rise with huge potential.
  • The region has big developing nations like China and India where the government as well as private sector investments in construction sector is growing with a high rate. Similarly, in other smaller nations like Indonesia, Philippines, and others the government are trying to attract investments and boost the sector.
  • However, the increasing pollution levels in the region and strict government norms are forcing the major players to look for alternative fuel application in mobile crane market and they are spending a large share of their money in research and development of new eco-friendly mobile cranes. For instance, in May 2020, Zoomlion has announced development of world's first fully electric truck crane. Powered by a lithium iron phosphate or lithium ferro phosphate (LFP) battery which is a type of lithium-ion battery with a longer life and a more constant discharge voltage.

APAC Mobile Crane Market Trends

This section covers the major market trends shaping the APAC Mobile Crane Market according to our research experts:

Government Initiatives Driving Growth

The government in the region are spending heavily in several projects to enhance the infrastructure in the region, the region is also rich in minerals and a major portion of the GDP in big economies like China and India comes from mining activities. Also, the governments in countries like Indonesia, Philippines are making huge investments in construction sector to boost demand. For instance,

  • In March 2019, the Indonesian Government made an announcement for plans to spend IDR 571 trillion for development of transport infrastructure in the capital city Jakarta by 2029 by building a 120 km light transit railway corridor. The Government also made an announcement of spending IDR 6 quadrillion for the development of overall infrastructure of the country during the period 2020-24, with construction of 25 new airports, highways, affordable houses and power plants in the country.
  • In India, the government has made several announcements in Union Budget 2020-21, to improve the infrastructure in the country. For instance
  • The Government of India has provided a push to the infrastructure sector by allocating Rs 1,69,637 crore (USD 24.27 billion) for the transport infrastructure.
  • Allocation of Rs 8,350.00 crore (USD 1.16 billion) to boost telecom infrastructure.
  • Allocation of Rs 888.00 crore (USD 110.88 million) for the upgradation of state government medical colleges (PG seats) at the district hospitals and Rs 1,361.00 crore (USD 188.63 million) for government medical colleges (UG seats) and government health institutions.
  • In April 2020, The Indian Government has made announcement for allowing private players' involvement in coal mining activities, earlier it was Government's monopoly in the sector.

In August 2019, Demag delivered first 1200t- capacity mobile crane in India to the Mumbai based Steel Carriers Infrastructure.

Asia-Pacific Mobile Crane Market Share

China Remains the Market Leader

With the growing trade tensions between the United States and China, the Chinese economy has witnessed some contraction in its GDP growth rate and the Federal government is increasing its spending in infrastructure and other sectors to maintain a steady growth rate and minimizing the damage.

In the year 2019 the Chinese government has made several announcements to boost the construction activities in the country. For instance,

  • Extension of 6800 km new railway lines in the year 2019, of which 3200 km is of high-speed rail, with an investment of more than Yuan 850 billion in railway infrastructure.
  • Yuan 1.8 trillion in road construction and waterway projects. For a number of major water conservancy projects and the planning and to speed up the construction of the Sichuan-Tibet Railway.

It has been reported that in the year 2018, a total of 109 building which are taller than 200 meters were built in the Asian region, out of those reportedly 88 were in China.

There are many major players in the country and are providing latest equipment to improve the construction quality and efficiency.

For instance, in April 2020, XCMG, completed production of 200,000 mobile cranes and has made delivery globally. The company reached the second 100,000 production goal in just one decade.

Asia-Pacific Mobile Crane Market Trends

APAC Mobile Crane Industry Overview

The Asia-Pacific Mobile Crane Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in the Asia-Pacific Mobile Crane Market are Konecranes PLC, SANY, Cargotec, XCMG and others. The major players in the region are spending heavily in research and development of new products and delivering mobile cranes globally.

For instance,

  • In March 2020, Konecranes will deliver a mobile harbour crane to the port of Terneuzen, the Netherlands in spring, and a second unit to the port of Antwerp, Belgium in mid-2020.
  • In April 2020, Saigon Port JSC ordered eco-efficient Konecranes Gottwald Mobile Harbor Crane for their operations at Tan Thuan Port in southern Vietnam.

APAC Mobile Crane Market Leaders

  1. Sany Group

  2. Terex Corporation

  3. Kobelco Cranes Co. Ltd.

  4. Liebherr International

  5. Zoomlion Heavy Industry Science & Technology Co. Ltd.

*Disclaimer: Major Players sorted in no particular order

Sany Group, Terex Corporation, Kobelco Cranes Co. Ltd., Liebherr International, Zoomlion Heavy Industry Science & Technology Co. Ltd.
Need More Details on Market Players and Competitors?
Download PDF

APAC Mobile Crane Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Wheel Mounted Mobile Crane

      2. 5.1.2 Commercial truck mounted Crane

      3. 5.1.3 Side Boom

      4. 5.1.4 Straddle Crane

      5. 5.1.5 Railroad Crane

      6. 5.1.6 Others

    2. 5.2 Application Type

      1. 5.2.1 Construction

      2. 5.2.2 Mining & Excavation

      3. 5.2.3 Marine & Offshore

      4. 5.2.4 Industrial Applications

      5. 5.2.5 Others

  6. 6. Geography

    1. 6.1 Asia-Pacific

      1. 6.1.1 China

      2. 6.1.2 India

      3. 6.1.3 Japan

      4. 6.1.4 South Korea

      5. 6.1.5 Rest of Asia-Pacific

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Market Share

    2. 7.2 Company Profiles

      1. 7.2.1 Konecrance PLC

      2. 7.2.2 Cargotec

      3. 7.2.3 Terex Corporation

      4. 7.2.4 Kobelco Cranes Co. Ltd.

      5. 7.2.5 Liebherr International AG

      6. 7.2.6 Sumitomo Heavy Industries Construction Cranes Co. Ltd.

      7. 7.2.7 XCMG

      8. 7.2.8 Sany

      9. 7.2.9 Tadano Ltd.

      10. 7.2.10 Hitachi Construction Machinery

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

APAC Mobile Crane Industry Segmentation

The Asia-Pacific Mobile Crane Market report covers a detailed study on the latest trends and innovations in the market which is segmented by Type (Wheel-Mounted Mobile Crane, Commercial Truck Mobile Crane, Side Boom, and Others), by Application (Construction, Mining & Excavation, Marine & Offshore, Industrial Applications and Others) and Country. Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.

Type
Wheel Mounted Mobile Crane
Commercial truck mounted Crane
Side Boom
Straddle Crane
Railroad Crane
Others
Application Type
Construction
Mining & Excavation
Marine & Offshore
Industrial Applications
Others
Need A Different Region Or Segment?
Customize Now

APAC Mobile Crane Market Research FAQs

The Asia Pacific Mobile Crane Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Sany Group, Terex Corporation, Kobelco Cranes Co. Ltd., Liebherr International and Zoomlion Heavy Industry Science & Technology Co. Ltd. are the major companies operating in the Asia Pacific Mobile Crane Market.

The report covers the Asia Pacific Mobile Crane Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Mobile Crane Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia Pacific Mobile Crane Industry Report

Statistics for the 2024 Asia Pacific Mobile Crane market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia Pacific Mobile Crane analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia Pacific Mobile Crane Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Asia-Pacific Mobile Crane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)