Home > Construction > Construction Equipment > Cranes > Crane Market

Crane Market Share

Report ID: GMI2398
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Crane Market Share

The ecosystem also involves various innovative players such as The Manitowoc Company, Kone Cranes, Cargotech Corporation, and JASO Industrial Cranes. These companies operating in the market are focused on increasing their customer base by expanding their dealer network and launching new products to cater the increasing demand.

Companies in the crane industry strengthen their presence through strategic initiatives such as technological innovation, expanding product portfolios, entering new markets, forming partnerships, and prioritizing sustainability. These measures enhance competitiveness and address evolving industry demands, fostering long-term growth and market leadership.

Crane Market Companies

Major companies operating in the crane industry are:

Altec Inc
Columbus Mckinnon Corporation
Dongqi Crane
Elliott Equipment Company
Fushun Yongmao Construction Machinery Co., Ltd
Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd
Ingersoll Rand, plc
Kito Corporation
Kobelco Construction Machinery Co., Ltd
Konecranes Plc
Locatelli crane S.R.L
Manitex International, Inc
Raimondi Cranes S.p.a
Sany Group
Tadano Ltd
Terex Corporation
The Manitowoc Company, Inc
Weldco Beales Manufacturing
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of crane reached USD 26.3 billion in 2023 and is set to grow at a CAGR of 6.9% between 2024 and 2032, favored by the burgeoning construction and infrastructure sector, along with rapid urbanization.

The rough terrain crane accounted for a market share of 45% in 2023, driven by their unique capability to navigate challenging terrains with ease as they are Ideal for construction sites with uneven or rough landscapes, offering excellent off-road mobility.

North America market size was worth over USD 8.4 billion in 2023, due to the region's sustained economic growth, coupled with significant investments in commercial and residential projects.

Altec Inc., Columbus Mckinnon Corporation, Dongqi Crane, Elliott Equipment Company, Konecranes Plc, Locatelli crane S.R.L., Manitex International, Inc, Raimondi Cranes S.p.a, Sany Group, Tadano Ltd., and Terex Corporation.