Market Size of Asia Pacific Mobile Crane Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Mobile Crane Market Analysis
The Asia-Pacific Mobile Crane Market is projected to grow with a CAGR of more than 6 % during the forecast period.
- Owing to the increased governmental spending on sectors such as construction, mining, ports and others, the mobile crane market is expected to rise with huge potential.
- The region has big developing nations like China and India where the government as well as private sector investments in construction sector is growing with a high rate. Similarly, in other smaller nations like Indonesia, Philippines, and others the government are trying to attract investments and boost the sector.
- However, the increasing pollution levels in the region and strict government norms are forcing the major players to look for alternative fuel application in mobile crane market and they are spending a large share of their money in research and development of new eco-friendly mobile cranes. For instance, in May 2020, Zoomlion has announced development of world's first fully electric truck crane. Powered by a lithium iron phosphate or lithium ferro phosphate (LFP) battery which is a type of lithium-ion battery with a longer life and a more constant discharge voltage.
APAC Mobile Crane Industry Segmentation
The Asia-Pacific Mobile Crane Market report covers a detailed study on the latest trends and innovations in the market which is segmented by Type (Wheel-Mounted Mobile Crane, Commercial Truck Mobile Crane, Side Boom, and Others), by Application (Construction, Mining & Excavation, Marine & Offshore, Industrial Applications and Others) and Country. Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Type | |
| Wheel Mounted Mobile Crane | |
| Commercial truck mounted Crane | |
| Side Boom | |
| Straddle Crane | |
| Railroad Crane | |
| Others |
| Application Type | |
| Construction | |
| Mining & Excavation | |
| Marine & Offshore | |
| Industrial Applications | |
| Others |
Asia Pacific Mobile Crane Market Size Summary
The Asia-Pacific mobile crane market is poised for significant growth, driven by increased governmental investments in infrastructure projects across construction, mining, and port sectors. Major economies like China and India are at the forefront, with substantial public and private sector spending fueling the demand for mobile cranes. Additionally, smaller nations such as Indonesia and the Philippines are actively seeking to attract investments to bolster their construction industries. However, the market faces challenges from rising pollution levels and stringent environmental regulations, prompting key industry players to invest heavily in research and development of eco-friendly mobile crane technologies. This shift towards sustainable solutions is exemplified by innovations such as Zoomlion's development of the world's first fully electric truck crane.
The region's rich mineral resources and robust infrastructure development plans further contribute to the market's expansion. Governments in countries like Indonesia and India are making significant financial commitments to enhance transport infrastructure and other construction projects, which in turn boosts the demand for mobile cranes. The Chinese government's focus on infrastructure spending, particularly in response to trade tensions, also supports market growth. Despite the fragmented nature of the market, with numerous players holding small shares, companies like Konecranes, SANY, and XCMG are leading the charge in delivering advanced mobile crane solutions and expanding their global presence. These developments underscore the dynamic nature of the Asia-Pacific mobile crane market, characterized by both opportunities and challenges.
Asia Pacific Mobile Crane Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Wheel Mounted Mobile Crane
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2.1.2 Commercial truck mounted Crane
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2.1.3 Side Boom
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2.1.4 Straddle Crane
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2.1.5 Railroad Crane
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2.1.6 Others
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2.2 Application Type
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2.2.1 Construction
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2.2.2 Mining & Excavation
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2.2.3 Marine & Offshore
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2.2.4 Industrial Applications
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2.2.5 Others
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Asia Pacific Mobile Crane Market Size FAQs
What is the current Asia Pacific Mobile Crane Market size?
The Asia Pacific Mobile Crane Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Mobile Crane Market?
Sany Group, Terex Corporation, Kobelco Cranes Co. Ltd., Liebherr International and Zoomlion Heavy Industry Science & Technology Co. Ltd. are the major companies operating in the Asia Pacific Mobile Crane Market.
