Market Share of Vietnam Crane Industry
The Vietnam crane market is fragmented. Some of the major players in the market are Liebherr, Cargotec, Kone Cranes PLC, Sumitomo Heavy Industries Construction Cranes Co. Ltd, and Vietnam Steel Structures and Lifting Equipment. Industry participants are expected to expect intensive competition owing to aggressive strategies, including acquisitions, pricing, merges, and new product development. In Sep 2019, Sumitomo Heavy Industries Construction Cranes Co Ltd acquired Invertek, Invertek is a well-known manufacturer of electric motors for heavy vehicles and industrial purposes.
Vietnam Crane Market Leaders
-
Sumitomo Heavy Industries Construction Cranes Co. Ltd
-
Vietnam Steel Structures and Lifting Equipment JSC
-
Kobelco International (S) Co. Pte. Ltd
-
Palfinger Marine Vietnam Co. Ltd
-
Tadano Ltd
*Disclaimer: Major Players sorted in no particular order
