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Crane Trucks Market Trends

Report ID: GMI9449
Published Date: May 2024
Report Format: PDF

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Crane Trucks Market Trends

Crane trucks are witnessing significant technological advancements. New technologies, such as anti-two-block systems and overload warning features, reduce operating hazards and prevent accidents. Features, such as load moment indicators and boom configuration, software, optimize lifting operations, increasing efficiency, and minimizing computation time. Advancements in material science enable crane booms to be lighter yet stronger, allowing them to carry larger weights.

Furthermore, accurate electronic controls and enhanced hydraulic systems improve mobility and enable more controlled lifting operations. Remote control systems enable operators to manage the crane from a safe distance, reducing danger in hazardous lifting circumstances. Semi-autonomous or even completely autonomous lifting capabilities are being investigated for certain circumstances, which might revolutionize crane operations in the future.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of crane trucks was reached USD 3.8 billion in 2023 and is estimated to register over 6.5% CAGR between 2024 and 2032, owing to the rise in construction and infrastructure development.

The construction segment in the crane trucks market will surpass USD 2.5 billion by 2032, as government investments for highway and bridge construction are increasing internationally.

Asia Pacific crane truck market recorded 35% revenue share in 2023, driven by the rapid industrial growth, notably in China, India, and Southeast Asia.

Kato Works, Kobelco Cranes, Liebherr, Manitowoc, Palfinger AG, Sany, Tadano, Terex, XCMG and Zoomlion.