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Articulating Knuckle Boom Cranes Market Share

Report ID: GMI8459
Published Date: Mar 2024
Report Format: PDF

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Articulating Knuckle Boom Cranes Market Share

Fassi Gru S.p.A. and Manitex International Inc hold a significant market share of over 24% in the articulating knuckle boom cranes industry. Numerous companies offer extensive post-sales support services, encompassing training initiatives, maintenance agreements, spare parts availability, and technical guidance, all aimed at guaranteeing customer satisfaction and fostering enduring loyalty.

Some companies implement vertical integration strategies by overseeing critical aspects of the supply chain, such as manufacturing facilities, distribution channels, and service centers, in order to uphold quality standards and enhance cost-effectiveness.

Articulating Knuckle Boom Cranes Market Companies

Major players operating in the articulating knuckle boom cranes industry are:

Amco Veba
ATLAS GmbH
Bonfiglioli Group
Copma Cranes
Fassi Gru S.p.A.
Manitex International Inc
PALFINGER AG
PM Group S.p.A.
Sany
XCMG Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of articulating knuckle boom cranes was reached USD 1.3 billion in 2023 and is anticipated to register a CAGR of over 4% between 2024 and 2032, driven by rising investment in infrastructure development.

The truck mounting segment held around 66% market share in 2023 and is poised for significant growth over 2024-2032, backed by better adaptability and higher utilization rates, particularly for firms that manage many projects in different locations.

North America dominated the global articulating knuckle boom cranes market with a share of over 32% in 2023 and will continue to grow through 2032, favored by consistent expansion of construction sector and technological advancements.

Amco Veba, ATLAS GmbH, Bonfiglioli Group, Copma Cranes, Fassi Gru S.p.A., Manitex International Inc, PALFINGER AG, PM Group S.p.A., Sany, and XCMG Group.