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Crane Market Snapshot (2023 to 2033)

The global crane market is anticipated at US$ 44 billion in 2022. Demand is likely to remain high for cranes during the assessment period. This is due to the increased application in mining operation and garnering US$ 67.6 billion in 2033, recording a CAGR of 4.0% from 2023 to 2033. The market is likely to secure US$ 45.7 billion in 2023.

Data Points Key Statistics
Crane Market Size Value in 2023 US$ 45.7 billion
Crane Rental Market Forecast Value in 2033 US$ 67.6 billion
Global Growth Rate 4.0%
Forecast Period 2023 to 2033

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Key Factors Shaping the Demand Outlook of the Crane Industry:

  • Growing usage of the crane in the material loading, shipbuilding, manufacturing, and construction sectors throughout the globe to augment the growth of the market
  • Increasing significance of safe, economical, and quick material handling operations in the building and transportation sectors elevates the market demand
  • Increasing adoption in the mining sector is expected to spur the market growth
  • Expansion of oil & gas sector to boost the market growth
  • Growing advances in technology are expected to create new growth prospects for crane manufacturers.

Crane Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Historical CAGR (2018 to 2022) 3.5%
Forecasted CAGR (2023 to 2033) 4.0%

The crane market is expected to grow at a 4.0%CAGR between 2023 and 2033, up from the 3.5% CAGR recorded during 2018-2022, predicts Future Market Insights (FMI).

Rising investments by government and private agencies in the infrastructure sector worldwide are a significant factor that is set to accelerate the demand for crane machines. The Public Authority for Special Economic Zones and Free Zones (OPAZ), Oman, for instance, signed an agreement with Liebherr for the delivery of 12 rubber tire gantry cranes and four fully automated ship-to-shore container cranes worth RO 27.9 million.

The agency is aiming to improve the cargo handling capabilities of the Port of Duqm with this agreement. The growing government support to enhance various operations is likely to drive the market.

Many companies are also establishing smart factories to increase their manufacturing capacities to cater to the growing demand for portable cranes. In May 2021, China-based Zoomlion Heavy Industry Science & Technology Co., Ltd. started operating its smart tower crane plant located in Changde City.

This development would aid the company to become the world’s largest and strongest tower crane producer in the forthcoming years. The market is expected to grow at a considerable pace throughout the forecast period spurred by the aforementioned factors.

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Which are Some Prominent Drivers Spearheading Crane Market Growth?

Expansion of The Construction Sector Boosting Sales Of Cranes

The rapid expansion of the oil and gas, utilities, construction, manufacturing, and mining sectors across the globe is anticipated to propel the demand for hydraulic cranes. Cranes are required in these sectors mainly to lift heavy materials and transport them to other places.

An increasing number of residential and commercial construction projects owing to the high demand for housing and offices is likely to fuel the market. For instance, in February 2022, Findorff installed a new tower crane on Lincoln Memorial Drive at the site of the future Couture building, which is worth US$ 188 million. The crane will help in the construction of the 44-story building’s concrete structure. The usage of these cranes in the construction industry is set to boost the market.

Emergence of Rental Services Bode Well for The Crane Market

The growing popularity of hydraulic and tower crane rental services is a novel trend which is expected to augment the growth in the market. Many rental companies are trying to improve their existing product lines to offer premium crane rental services. They are offering monthly or weekly rental services by covering maintenance charges.

In January 2022, Bay Crane announced that it has acquired Gatwood Crane Rental Service to better serve its customers. This acquisition would also help in broadening the company’s presence into several key markets with the addition of Gatwood’s experienced team.

Rising number of mergers and acquisitions among key players in various countries is estimated to push the demand for hydraulic cranes over the forecast period.

Comparative View of Crane Markets

Global Crane Market:

Attributes Global Crane Market
CAGR (2023 to 2033) 4.0%
Market Value (2033) US$ 67.6 billion
Growth Factors The increasing infrastructural development is expected to boost market sales in the forecast period.
Opportunities The increasing demand for eco-friendly and technologically advanced cranes offers opportunities for market expansion in the forecast period.

Global Tower Crane Market:

Attributes Global Tower Crane Market
CAGR (2023 to 2033) 4.9%
Market Value (2033) US$ 10.9 billion
Growth Factors The increasing application of these cranes in building construction, civic infrastructure, and marine & seaport is expected to boost market growth in the forecast period.
Opportunities The increased technological innovation that boosts efficiency offers significant opportunities for market expansion in the forecast period.

Global Stacker Crane Market:

Attributes Global Stacker Crane Market
CAGR (2023 to 2033) 7.9%
Market Value (2033) US$ 2.4 billion
Growth Factors The increasing preference for smart logistics fuels the demand for stacker crane market.
Opportunities The expansion of new manufacturing units in emerging economies is expected to offer significant opportunities for expansion in the coming time

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Country-wise Insights

Why is the China Crane Market Exhibiting the Fastest Growth?

Manufacturers are Rapidly Developing Innovative Portable Cranes

The presence of many prominent portable crane manufacturers in China, such as Sym Hoist & Tower Crane, Xuzhou Jiufa Construction Machinery, Dahan Construction Machinery, and Katop Group is projected to drive the market. According per FMI, the China crane market is anticipated to account for about 29% of the total market share in 2023.

In August 2021, Hyva introduced a new line of stiff boom cranes at its Yangzhou location, in China. The three new models, namely HST14 E4, HST12 E4, and HST8 E4 were launched alongside other crane accessories and models. The consistent development of cutting-edge products by key players in China is a crucial factor that is set to fuel the market.

How is the India Crane Market Progressing?

Demand for Hydraulic Cranes to Surge in the Power Generation Sector

The ongoing expansion of the power generation sector and the surging development of novel infrastructure are set to accelerate the sales of hydraulic cranes in India. Asia Pacific excluding China (APEC) crane market is likely to hold approximately 21.2% of the share in 2023, finds FMI.

For instance, in January 2022, Sany India handed over the key to the country’s first-ever crawler crane with 800 tons lifting capacity to Dwarkesh Transport Corporation. The crane called Sany SCC8000A is India’s largest crawler crane with safety features and distinct design. It will be used by Dwarkesh for the installation of wind turbines. Driven by similar other product launches and deliveries, the market is projected to expand at a steady pace in India.

What is the Spain Crane Market Outlook?

Rising Number of Acquisitions to Propel the Sales of Crane Machines

The growing focus of major manufacturers on acquisition strategies to remain at the forefront of the industry is expected to drive the market in Spain. The Europe crane market is estimated to account for around 17.6% of the total market share in 2023.

In January 2022, Gantrex Spain S.A. signed an agreement to acquire 100% of the shares of Bravo Silva Consultoría Técnica, S.L. This acquisition would enable the company to execute its first Gantrex 4.0 strategic plan.

It is looking forward to developing a more intimate customer relationship with the addition of new digital solutions and mechanical services to improve sales. The engagement of key players in similar other strategies is projected to propel the sales of crane machines in Spain.

Category-wise Insights

Which is the Most Preferred Crane Type?

Tower Cranes Are Exhibiting High Demand from the Construction Industry

By type, the tower crane segment is expected to remain dominant over the forecast period. Increasing construction of high-rise buildings and skyscrapers worldwide is expected to drive sales in this segment.

These cranes outperform the lifting and loading capacity of any other crane. They can also bear the most complex lifting operations and have immense stability. Their height cannot be matched by any other type of crane, though these are very expensive.

Which is the Leading Application of in Cranes?

The Construction Industry is Preferring Mobile Floor Cranes

In terms of application, the construction segment is expected to expand at a considerable pace over the forecast period. Growing demand for environmentally friendly buildings and the ongoing technological advancements in infrastructure development is expected to spur demand in the segment.

The increasing usage of mobile floor cranes and floating cranes for the construction of waterways and bridges is likely to fuel sales. They also have a robust steel boom fitted to a transportable platform which makes them more convenient and efficient.

Which Capacity and Design Segments are Projected to Dominate the Crane Market?

1,500 to 3,000 MT Stiff Boom Mobile Floor Cranes Will Showcase Exponential Demand

Based on capacity, sales in the 1,500 to 3,000 MT segment are projected to gain momentum over the forecast period. Mobile floor cranes of this capacity are required for performing complicated tasks in numerous industries. They are also utilized in the railway industry for accident recovery work and maintenance work.

Which is the Most Preferred Design for Crane?

Stiff Boom Segment to Generate High Revenue

By design, the stiff boom segment is projected to lead the global crane market in the forthcoming years. Growth is attributable to the ability of these cranes to eliminate idle time at construction sites, thereby enabling site personnel to complete and work on a project very quickly. These are ideal for urban sites where there are multiple overhead obstructions and limited spaces.

Competition Landscape

Leading players operating in the global crane market are focusing on capitalizing on the high demand for reliable crane machines in the industrial, mining, and construction sectors. Some of the other key players are investing in research and development activities to launch innovative products. They are also engaging in mergers and acquisitions to strengthen their global presence. For instance:

  • In January 2022, Sumitomo Heavy Industries Construction Cranes Co. (HSC), a renowned heavy machinery manufacturer based in Japan, launched the SCX1000HD-3 and SCX1800A-3, two latest crawler cranes. The SCX1000HD-3 was developed for heavy-duty tasks, such as trenching and foundation work, whereas the SCX1800A-3 includes a new-generation Cummins B6.7 engine which would provide exceptional lifting capabilities.
  • In January 2022, Liebherr, a multinational equipment manufacturer headquartered in Germany, announced that it has sold more than 80 new units of maritime mobile harbor cranes in 2021 and recorded the highest sales, compared to the previous year. The company is aiming to revolutionize port handling by manufacturing sophisticated electric motors. It is also striving to remain at the forefront in this industry by developing CO2-neutral drive technology.

Report Scope

Report Attribute Details
Growth Rate CAGR of 4.0% from 2023 to2033
Market Value in 2023 US$ 45.7 billion
Market Value in 2033 US$ 67.6 billion
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ Billion and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Type
  • Application
  • Capacity
  • Design
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East & Africa
Key Countries Profiled
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC Countries
  • South Africa
  • Israel
  • Rest of MEA
Key Companies Profiled
  • Liebherr Group
  • Terex Corporation
  • XCMG Construction Machinery Co. Ltd.
  • The Manitowoc Company
  • Cargotec Oyj, Tadano Ltd.
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Kobelco
  • Sany Group
  • Kato
  • Tadano Ltd.

Key Segments Profiled in the Mining Shovel Market Survey

By Type:

  • Rough Terrain Cranes (RTCs)
  • All Terrain Cranes (ATCs)
  • Truck Cranes
  • Mobile Harbors
  • Off-shore Ship Cranes
  • Loader Cranes
  • Railroad Cranes
  • Crawler Cranes
  • Tower Cranes
  • Others

By Application:

  • Aerospace and Defense
  • Automotive & Railways
  • Heavy Engineering
  • General Engineering
  • Mining
  • Construction
  • Marine
  • Shipping & Material Handling
  • Energy (Power & Gas)

By Capacity:

  • Up to 5 MT
  • 5 to 50 MT
  • 50 to 250 MT
  • 250 to 500 MT
  • 500 to 1,500 MT
  • 1,500 to 3,000 MT

By Design:

  • Stiff Boom
  • Knuckle Boom/Telescopic Boom

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East & Africa

Frequently Asked Questions

What is the market's potential for growth?

The CAGR of the crane market is 4% through 2033.

How extensive is the cranes market?

The market is valued at US$ 45.7 billionin 2023.

In the past, how did the market evolve?

From 2018 to 2022, the global market exhibited 3.5% CAGR.

What size is the crane market predicted to be in 2033?

The global market size to reach US$ 67.6 billion by 2033.

What is the predominant trend in the crane industry?

Rise in construction development promotes crane sales.

Which type category generates the sales on the market?

Over the projected period, the tower crane segment is anticipated to maintain its dominance by type.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. Rough Terrain Cranes (RTCs)

        5.3.2. All Terrain Cranes (ATCs)

        5.3.3. Truck Cranes

        5.3.4. Mobile Harbors

        5.3.5. Off-shore Ship Cranes

        5.3.6. Loader Cranes

        5.3.7. Railroad Cranes

        5.3.8. Crawler Cranes

        5.3.9. Tower Cranes

        5.3.10. Others

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Aerospace and Defense

        6.3.2. Automotive & Railways

        6.3.3. Heavy Engineering

        6.3.4. General Engineering

        6.3.5. Mining

        6.3.6. Construction

        6.3.7. Marine

        6.3.8. Shipping & Material Handling

        6.3.9. Energy (Power & Gas)

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033

        7.3.1. Up to 5 MT

        7.3.2. 5 to 50 MT

        7.3.3. 50 to 250 MT

        7.3.4. 250 to 500 MT

        7.3.5. 500 to 1,500 MT

        7.3.6. 1,500 to 3,000 MT

    7.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Design

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Design, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Design, 2023 to 2033

        8.3.1. Stiff Boom

        8.3.2. Knuckle Boom/Telescopic Boom

    8.4. Y-o-Y Growth Trend Analysis By Design, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Design, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Western Europe

        9.3.4. Eastern Europe

        9.3.5. South Asia and Pacific

        9.3.6. East Asia

        9.3.7. Middle East and Africa

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. U.S.

            10.2.1.2. Canada

        10.2.2. By Type

        10.2.3. By Application

        10.2.4. By Capacity

        10.2.5. By Design

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Application

        10.3.4. By Capacity

        10.3.5. By Design

    10.4. Key Takeaways

11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By Type

        11.2.3. By Application

        11.2.4. By Capacity

        11.2.5. By Design

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Application

        11.3.4. By Capacity

        11.3.5. By Design

    11.4. Key Takeaways

12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Germany

            12.2.1.2. U.K.

            12.2.1.3. France

            12.2.1.4. Spain

            12.2.1.5. Italy

            12.2.1.6. Rest of Western Europe

        12.2.2. By Type

        12.2.3. By Application

        12.2.4. By Capacity

        12.2.5. By Design

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Application

        12.3.4. By Capacity

        12.3.5. By Design

    12.4. Key Takeaways

13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Poland

            13.2.1.2. Russia

            13.2.1.3. Czech Republic

            13.2.1.4. Romania

            13.2.1.5. Rest of Eastern Europe

        13.2.2. By Type

        13.2.3. By Application

        13.2.4. By Capacity

        13.2.5. By Design

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Application

        13.3.4. By Capacity

        13.3.5. By Design

    13.4. Key Takeaways

14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. India

            14.2.1.2. Bangladesh

            14.2.1.3. Australia

            14.2.1.4. New Zealand

            14.2.1.5. Rest of South Asia and Pacific

        14.2.2. By Type

        14.2.3. By Application

        14.2.4. By Capacity

        14.2.5. By Design

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Type

        14.3.3. By Application

        14.3.4. By Capacity

        14.3.5. By Design

    14.4. Key Takeaways

15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. China

            15.2.1.2. Japan

            15.2.1.3. South Korea

        15.2.2. By Type

        15.2.3. By Application

        15.2.4. By Capacity

        15.2.5. By Design

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Type

        15.3.3. By Application

        15.3.4. By Capacity

        15.3.5. By Design

    15.4. Key Takeaways

16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Israel

            16.2.1.4. Rest of MEA

        16.2.2. By Type

        16.2.3. By Application

        16.2.4. By Capacity

        16.2.5. By Design

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Type

        16.3.3. By Application

        16.3.4. By Capacity

        16.3.5. By Design

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1. U.S.

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2022

            17.1.2.1. By Type

            17.1.2.2. By Application

            17.1.2.3. By Capacity

            17.1.2.4. By Design

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2022

            17.2.2.1. By Type

            17.2.2.2. By Application

            17.2.2.3. By Capacity

            17.2.2.4. By Design

    17.3. Brazil

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2022

            17.3.2.1. By Type

            17.3.2.2. By Application

            17.3.2.3. By Capacity

            17.3.2.4. By Design

    17.4. Mexico

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2022

            17.4.2.1. By Type

            17.4.2.2. By Application

            17.4.2.3. By Capacity

            17.4.2.4. By Design

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2022

            17.5.2.1. By Type

            17.5.2.2. By Application

            17.5.2.3. By Capacity

            17.5.2.4. By Design

    17.6. U.K.

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2022

            17.6.2.1. By Type

            17.6.2.2. By Application

            17.6.2.3. By Capacity

            17.6.2.4. By Design

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2022

            17.7.2.1. By Type

            17.7.2.2. By Application

            17.7.2.3. By Capacity

            17.7.2.4. By Design

    17.8. Spain

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2022

            17.8.2.1. By Type

            17.8.2.2. By Application

            17.8.2.3. By Capacity

            17.8.2.4. By Design

    17.9. Italy

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2022

            17.9.2.1. By Type

            17.9.2.2. By Application

            17.9.2.3. By Capacity

            17.9.2.4. By Design

    17.10. Poland

        17.10.1. Pricing Analysis

        17.10.2. Market Share Analysis, 2022

            17.10.2.1. By Type

            17.10.2.2. By Application

            17.10.2.3. By Capacity

            17.10.2.4. By Design

    17.11. Russia

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2022

            17.11.2.1. By Type

            17.11.2.2. By Application

            17.11.2.3. By Capacity

            17.11.2.4. By Design

    17.12. Czech Republic

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2022

            17.12.2.1. By Type

            17.12.2.2. By Application

            17.12.2.3. By Capacity

            17.12.2.4. By Design

    17.13. Romania

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2022

            17.13.2.1. By Type

            17.13.2.2. By Application

            17.13.2.3. By Capacity

            17.13.2.4. By Design

    17.14. India

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2022

            17.14.2.1. By Type

            17.14.2.2. By Application

            17.14.2.3. By Capacity

            17.14.2.4. By Design

    17.15. Bangladesh

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2022

            17.15.2.1. By Type

            17.15.2.2. By Application

            17.15.2.3. By Capacity

            17.15.2.4. By Design

    17.16. Australia

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2022

            17.16.2.1. By Type

            17.16.2.2. By Application

            17.16.2.3. By Capacity

            17.16.2.4. By Design

    17.17. New Zealand

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2022

            17.17.2.1. By Type

            17.17.2.2. By Application

            17.17.2.3. By Capacity

            17.17.2.4. By Design

    17.18. China

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2022

            17.18.2.1. By Type

            17.18.2.2. By Application

            17.18.2.3. By Capacity

            17.18.2.4. By Design

    17.19. Japan

        17.19.1. Pricing Analysis

        17.19.2. Market Share Analysis, 2022

            17.19.2.1. By Type

            17.19.2.2. By Application

            17.19.2.3. By Capacity

            17.19.2.4. By Design

    17.20. South Korea

        17.20.1. Pricing Analysis

        17.20.2. Market Share Analysis, 2022

            17.20.2.1. By Type

            17.20.2.2. By Application

            17.20.2.3. By Capacity

            17.20.2.4. By Design

    17.21. GCC Countries

        17.21.1. Pricing Analysis

        17.21.2. Market Share Analysis, 2022

            17.21.2.1. By Type

            17.21.2.2. By Application

            17.21.2.3. By Capacity

            17.21.2.4. By Design

    17.22. South Africa

        17.22.1. Pricing Analysis

        17.22.2. Market Share Analysis, 2022

            17.22.2.1. By Type

            17.22.2.2. By Application

            17.22.2.3. By Capacity

            17.22.2.4. By Design

    17.23. Israel

        17.23.1. Pricing Analysis

        17.23.2. Market Share Analysis, 2022

            17.23.2.1. By Type

            17.23.2.2. By Application

            17.23.2.3. By Capacity

            17.23.2.4. By Design

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Type

        18.3.3. By Application

        18.3.4. By Capacity

        18.3.5. By Design

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. Liebherr Group

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

                19.1.1.5.2. Product Strategy

                19.1.1.5.3. Channel Strategy

        19.1.2. Terex Corporation

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

                19.1.2.5.2. Product Strategy

                19.1.2.5.3. Channel Strategy

        19.1.3. XCMG Construction Machinery Co. Ltd.

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

                19.1.3.5.2. Product Strategy

                19.1.3.5.3. Channel Strategy

        19.1.4. The Manitowoc Company

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

                19.1.4.5.2. Product Strategy

                19.1.4.5.3. Channel Strategy

        19.1.5. Cargotec Oyj, Tadano Ltd.

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

                19.1.5.5.2. Product Strategy

                19.1.5.5.3. Channel Strategy

        19.1.6. Zoomlion Heavy Industry Science & Technology Co., Ltd.

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

                19.1.6.5.2. Product Strategy

                19.1.6.5.3. Channel Strategy

        19.1.7. Kobelco

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

                19.1.7.5.2. Product Strategy

                19.1.7.5.3. Channel Strategy

        19.1.8. Sany Group

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

                19.1.8.5.2. Product Strategy

                19.1.8.5.3. Channel Strategy

        19.1.9. Kato

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

                19.1.9.5.2. Product Strategy

                19.1.9.5.3. Channel Strategy

        19.1.10. Tadano Ltd.

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

                19.1.10.5.2. Product Strategy

                19.1.10.5.3. Channel Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

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