What is Global Auto Crane Market?
The Global Auto Crane Market is a comprehensive study of the worldwide market trends and growth prospects in the field of auto cranes. Auto cranes are specialized vehicles equipped with a hydraulic crane for lifting, lowering, or transporting heavy objects. They are widely used in various industries such as construction, utilities, and others. The market for these cranes is vast and diverse, encompassing different types of cranes such as All Terrain Crane, Truck Crane, Trailer-Mounted Crane, Rough Terrain Crane, and others. Each type of crane has its unique features and applications, making them suitable for different tasks and environments. For instance, All Terrain Cranes are highly versatile and can operate in both on-road and off-road conditions, making them ideal for construction sites with challenging terrains. On the other hand, Truck Cranes are mounted on a truck chassis and are primarily used for lifting and transporting heavy loads in urban areas. Similarly, Trailer-Mounted Cranes are compact and lightweight, making them perfect for small-scale construction projects or maintenance tasks. Lastly, Rough Terrain Cranes are designed for off-road operations and are commonly used in large construction projects such as building bridges or skyscrapers.
All Terrain Crane, Truck Crane, Trailer-Mounted Crane, Rough Terrain Crane, Others in the Global Auto Crane Market:
The Global Auto Crane Market is not just limited to the types of cranes but also extends to their various applications. These cranes are extensively used in several sectors including Construction, Industries, Utilities, and Others. In the construction sector, auto cranes play a crucial role in lifting and transporting heavy construction materials, equipment, and personnel. They are indispensable in large-scale construction projects such as building skyscrapers, bridges, or highways. In industries, auto cranes are used for various tasks such as loading and unloading heavy goods, assembling machinery, or maintaining equipment. They are particularly useful in industries with heavy machinery such as manufacturing, mining, or oil and gas. In the utilities sector, auto cranes are used for tasks such as installing or repairing utility poles, transformers, or other equipment. They are also used in emergency situations such as rescuing people from high-rise buildings or removing debris after a natural disaster. Lastly, auto cranes are used in other sectors such as logistics, warehousing, or agriculture for various tasks such as lifting and transporting goods or equipment.
Construction, Industries, Utilities, Others in the Global Auto Crane Market:
The Global Auto Crane Market has shown significant growth over the years. In 2022, the market was valued at US$ 10630 million and is expected to reach US$ 13840 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period 2023-2029. China is the largest market for auto cranes, accounting for about 41% of the global market share. Europe follows closely behind, holding about 21% of the market share. The top five companies in the market hold about 68% of the market share, indicating a high level of market concentration. These figures highlight the significant potential and growth prospects of the Global Auto Crane Market.
| Report Metric | Details |
| Report Name | Auto Crane Market |
| Accounted market size in 2022 | US$ 10630 in million |
| Forecasted market size in 2029 | US$ 13840 million |
| CAGR | 3.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | XCMG, Tadano, Zoomlion, Manitowoc, Liebherr, Sany, Terex, Furukawa, Sichuan Changjiang, Action Construction Equipment, Altec Industries, Liugong, Elliott Equipment, Broderson, Liaoning Fuwa, Böcker Maschinenwerke, Manitex |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
