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Stiffleg Crane Market Trends

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

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Stiffleg Crane Market Trends

The stiffleg crane industry is witnessing a growing focus on sustainability and environmental considerations. Companies are increasingly adopting eco-friendly practices to reduce their carbon footprints and minimize the environmental impact. This includes the use of electric or hybrid-powered cranes, the implementation of energy-efficient technologies, and the adoption of sustainable manufacturing processes. The integration of sustainable practices not only helps companies meet regulatory requirements but also aligns with the broader trend of environmental responsibility. By prioritizing sustainability, businesses are also positioning themselves as socially responsible, thereby attracting environmentally conscious clients.

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.