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Electric Crawler Crane Market Trends

Report ID: GMI6057
Published Date: Jun 2023
Report Format: PDF

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Electric Crawler Crane Market Trends

The integration of Internet of Things (IoT) technology and telematics in electric crawler cranes is gaining momentum. IoT-enabled sensors and connectivity enable real-time monitoring of crane performance, diagnostics, and predictive maintenance. Telematics systems provide data on crane utilization, location tracking, and fuel/electricity consumption. These technologies optimize crane operations, enhance safety, and improve maintenance planning, leading to increased efficiency & reduced downtime.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric crawler reached USD 178.6 million in 2022 and is projected to grow at 10.5% CAGR during 2023 to 2032 driven by the implementation of stringent environmental regulations and the growing emphasis on sustainability.

Below 50 metric tons electric crawler crane industry is estimated to expand at 8% growth rate during 2023 to 2032 owing to the increasing number of ongoing smaller construction projects which require cranes with lower lifting capacities.

The Asia Pacific electric crawler crane sector is set to witness 45% CAGR between 2023 and 2032 attributed to the increasing urbanization, infrastructure development projects, and government initiatives to reduce pollution.

Liebherr-International AG, PV-E Cranes, SANY, Marchetti Autogru S.p.A., and MAEDA SEISAKUSHO CO., LTD. are some of the leading companies operating in the electric crawler crane industry.