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Stiffleg Crane Market Share

Report ID: GMI6104
Published Date: Jun 2023
Report Format: PDF

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Stiffleg Crane Market Share

Major companies operating in the stiffleg crane business landscape are:

Allied Power Products Inc
Henan Weihua Heavy Machinery Co Ltd
Jaso Tower Cranes
Lampson International
Liebherr
SHEN YANG BAOQUAN BUSINESS CO LTD
Somerset Engineering
Thunder Cranes
Yongmao Construction Machinery,
PLM Cranes.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of stiffleg crane reached USD 506.5 million in 2022 and is poised to grow at over 5% CAGR during 2023 to 2032 attributed to rising investments in mining projects, mainly across North America.

The below 25-ton crane segment held more than 25% of the industry share in 2022 and is estimated to be valued at USD 200 million in 2032 driven by their increasing adoption in small-scale projects and applications that require moderate lifting capabilities.

North America captured 40% share of the global industry in 2022 and is expected to amass USD 300 million by 2032 owing to the presence of robust construction sector and significant infrastructure development projects in the region.

Allied Power Products, Inc., Henan Weihua Heavy Machinery Co., Ltd., Jaso Tower Cranes, Lampson International, Liebherr, Somerset Engineering, Thunder Cranes, Yongmao Construction Machinery, and PLM Cranes are among the top stiffleg crane companies.