Asia Pacific Crane Market

Asia Pacific Crane Market, By Type (Mobile Crane, Fixed Crane, Marine & Offshore Crane); By Application (Industrial Applications, Marine & Offshore, Mining & Excavation, Construction); By Operation Type (Hydraulic, Electric, Hybrid); By Industry Type (Construction, Shipping & Material Handling, Automotive & Railway, Mining, Aerospace & Defense, Energy & Power); By Country (China, Japan, India, South Korea, Singapore, Malaysia, Australia, Indonesia, Vietnam, Philippines, Rest of Asia Pacific), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2023
  • Report ID: BWC22623
  • Available Format: PDF
  • Page: 220

Report Overview

Surging demand for construction equipment, developing infrastructure and increasing mining industries in Asia-Pacific, and increasing use of cranes in the region’s transportation and logistics industries are propelling the expansion of Asia-Pacific crane market at a steady growth rate during forecast period between 2023 and 2029.

Asia-Pacific Crane Market - Industry Trends & Forecast Report, 2029

Asia-Pacific crane market size is expected to expand at a steady CAGR of 7.1% during the forecast period between 2023 and 2029. The Asia-Pacific crane market expansion is driven by growing development and infrastructure activity. Major APAC countries, notably China, India, and Australia, are witnessing surging demand for cranes. The use of cranes in a variety of industries such as electricity, oil and gas, civil engineering, construction, and petrochemical is fueling market expansion. Aside from that, the growing construction of smart cities in emerging markets, particularly India and China, has accelerated market growth. Advancements in crane technology are expected to have a beneficial impact on market growth. An increasing demand for automation in logistics machinery will drive market expansion. The automotive industry, particularly in India, Japan, and China, is gaining popularity as a result of a boost in the adoption of electric vehicles, which has led to an increase in manufacturing and maintenance processes, and as a result, is likely to require overhead cranes to lift automobile parts, which will act as a positive factor driving impressive growth in the Asia-Pacific crane market in the coming years. With the development of e-commerce, businesses are moving toward complete machine automation. An increase in the demand for all-terrain cranes on building sites is also expected to drive Asia-Pacific crane market expansion during the period in analysis.

Asia-Pacific Crane Market

Growth Drivers

Increasing demand for construction equipment

Crane market will proliferate due to rising product adoption in construction activities. The crane sector is expected to benefit from advancements in crane designs that are in accordance with the needs of many industries, such as the ability to successfully coordinate basic systems and execute complex lifting operations. The infrastructure construction and restoration industries have been continuously developing as a result of population growth and urbanization in emerging countries, which is increasing demand for midrise to high-rise buildings.

Restraints

High expenditure and lack of awareness

High investment and equipment maintenance costs are significant aspects stifling the expansion of the care sector. Cranes are relatively expensive, which deters other manufacturers, enterprises, and OEMs from purchasing high-end systems. As a result, buyers are deciding for secondhand equipment, impeding industry expansion. Nonetheless, technological developments in crane operations are expected to boost crane market expansion by allowing enterprises to enhance uptime, scale goods with the business, save on maintenance and energy expenses, and extend the life of their equipment.

Impact of COVID–19 on Asia-Pacific Crane Market  

COVID-19 had a detrimental effect on crane market due to imposition of stringent lockdown norms. Countries have instituted partial or total national lockdowns to maintain social distance. Several retail stores and e-commerce services were closed to prevent the virus from spreading. During the lockdown, construction-related product manufacturing and related service offering were restricted to authorized limitations. Crane production was also badly impacted, resulting in a global demand and supply deficit. The COVID-19 pandemic has affected supply chains, hampering the overall market's growth. These aspects had a significant impact on the Asia Pacific economy and the construction industry's income generating. However, the governments' regulations have driven industry participants to allow their personnel to work remotely. The introduction of automated technology to eliminate human involvement in manufacturing facilities and offices is expected to assist the Asia-Pacific Cranes market's growth throughout the forecast timeframe. During the COVID-19 pandemic, the use of technologies such as modern electronics and automated machinery not only ensured company continuity but also improved manufacturing operations.

Asia-Pacific Crane Market  

Segmental Coverage

Asia-Pacific Crane Market - By Type

Based on type, Asia-Pacific crane market is divided into Mobile Crane, Fixed Crane, and Marine & Offshore Crane segments. The mobile crane segment held the highest share in the market due to several aspects, such as high mobility, high travel speed, and less time required to set up the structure. Liebherr, Cargotec, Tadano, Manitowoc, and Palfinger are market leaders in mobile crane operations such as mining, construction, aerospace, shipping, and material handling. The mobile crane segment includes boom-type, crawler cranes, rough terrain cranes, all-terrain cranes and truck loader cranes. The fixed crane segment is expected hold the second highest market share as they are used in transportation and shipping industries due to their numerous advantages, such as sturdiness, portability, and minimal weight. They allow for the automatic stacking of cargo containers and the seamless transit of cargo containers into the warehouse.

Asia-Pacific Crane Market

Asia-Pacific Crane Market - By Application

Based on application, Asia-Pacific crane market is divided into Industrial Applications, Marine & Offshore, Mining & Excavation, and Construction segments. The construction segment is expected to dominate the market, due to an increase in real estate expenditure and the development of multiple commercial structures.

Asia-Pacific Crane Market - By Operation Type

Based on operation type, Asia-Pacific crane market is segmented into Hydraulic, Electric and Hybrid segments. The hybrid operation type is expected to hold the highest market share as they function on both hydraulic and electric power. The increased efficiency of hybrid-powered cranes, as well as their application in tailored solutions, are reasons driving their expansion.

Asia-Pacific Crane Market Share

Asia-Pacific Crane Market - By Industry Type

Based on industry type, Asia-Pacific crane market is divided into Construction, Shipping & Material Handling, Automotive & Railway, Mining, Aerospace & Defense, and Energy & Power segments. The construction segment is expected to dominate the market due to Due to construction expenditures across several developing nations. Earth-moving equipment is frequently used in construction for lifting, digging, loading and unloading weight, and leveling.

Asia-Pacific Crane Market - By Country

Geographically, Asia-Pacific crane market covers major countries in the region: China, Japan, India, South Korea, Singapore, Malaysia, Australia, Indonesia, Vietnam, Philippines, and Rest of Asia Pacific. China is a major producer and consumer of construction machines. The Chinese government has advised the infrastructure sector to work on projects for road construction, smart cities, and other public services that would generate demand for the crane market. Furthermore, India has thriving building industries due to fast urbanization, rising population, and increased government spending on infrastructure projects, which is fueling the growth of Asia-Pacific Crane market. In addition, governments are actively investing in the construction sector in order to stimulate demand.

Competitive Landscape

Asia-Pacific crane market is fiercely competitive. Prominent players in the market include Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd, Furukawa Unic Corporation, Altec Inc, Link-Belt Construction Equipment Co, Konecranes Plc, National Oilwell Varco, Columbus Mckinnon Corporation, Manitowoc, TTS Group, Huisman Equipment, Kobelco Cranes Co. Ltd., and IHI Construction Machinery Limited. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Recent Developments

  • In March 2021 - The Indonesian government announced its plans to invest IDR 571 trillion in Jakarta transportation infrastructure development by 2029, including the building of a 120-kilometer light-rail link. The government also declared that it would invest IDR 6 quadrillion in total infrastructure development between 2021 and 2024, including the construction of 25 new airports, highways, affordable housing, and power plants.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific

Product/ Service Segmentation

Type, Application, Operation Type, Industry Type, Country

Key Players

Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd, Furukawa Unic Corporation, Altec Inc, Link-Belt Construction Equipment Co, Konecranes Plc, National Oilwell Varco, Columbus McKinnon Corporation, Manitowoc, TTS Group, Huisman Equipment, Kobelco Cranes Co. Ltd., IHI Construction Machinery Limited

 

By Type

  • Mobile Crane

  • Fixed Crane

  • Marine & Offshore Crane

  • By Application

  • Industrial Applications

  • Marine & Offshore

  • Mining & Excavation

  • Construction

By Operation Type

  • Hydraulic

  • Electric

  • Hybrid

By Industry Type

  • Construction

  • Shipping & Material Handling

  • Automotive & Railway

  • Mining

  • Aerospace & Defense

  • Energy & Power

By Country

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Australia

  • Indonesia

  • Vietnam

  • Philippines

  • Rest of Asia Pacific

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Crane Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Surging Demand for Construction Equipment
        2. Developing Infrastructure and Increasing Mining Industries in APAC
        3. Increased use in transportation & logistics industry of Asia Pacific
      2. Restraints
        1. High Capital Investments
        2. Lack of skilled Operators & Technicians
        3. High Cost of Manufacturing & Maintenance
      3. Opportunities
        1. Rapid Urbanization and Increasing Demand of Housing
        2. Government Construction Programs for Residence and Commercial Infrastructure
      4. Challenges
        1. Fluctuating Oil & Gas Prices
        2. Disruption in Supply Chain due to Covid-19
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Crane Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Type
        1. Mobile Crane
          1. Boom-Type
          2. Crawler Cranes
          3. Rough Terrain Cranes
          4. All-Terrain Cranes
          5. Truck Loader Cranes
        2. Fixed Crane
          1. Industrial Cranes
          2. Tower Cranes
          3. Ship-to-Shore Cranes
        3. Marine & Offshore Crane
      2. By Application
        1. Industrial Applications
        2. Marine & Offshore
        3. Mining & Excavation
        4. Construction
        5. Others
      3. By Operation Type
        1. Hydraulic
        2. Electric
        3. Hybrid
      4. By Industry Type
        1. Construction
        2. Shipping & Material Handling
        3. Automotive & Railway
        4. Mining
        5. Aerospace & Defense
        6. Energy & Power
        7. Others
      5. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Singapore
        6. Malaysia
        7. Australia
        8. Indonesia
        9. Vietnam
        10. Philippines
        11. Rest of Asia Pacific
  5. China Crane Market Overview
    1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  6. Japan Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  7. India Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  8. South Korea Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  9. Singapore Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  10. Malaysia Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  11. Australia Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  12. Indonesia Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  13. Vietnam Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  14. Philippines Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  15. Rest of Asia Pacific Crane Market
    1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Operation Type
      4. By Industry Type
  16. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Crane Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  17. Impact of Covid-19 on Asia Pacific Crane Market
  18. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.
    2. Zoomlion Heavy Industry Science & Technology Co. Ltd
    3. Furukawa Unic Corporation
    4. Altec Inc
    5. Link-Belt Construction Equipment Co
    6. Konecranes Plc
    7. National Oilwell Varco
    8. Columbus Mckinnon Corporation
    9. Manitowoc
    10. TTS Group
    11. Huisman Equipment
    12. Kobelco Cranes Co. Ltd.
    13. IHI Construction Machinery Limited
    14. Other Prominent Players
  19. Key Strategic Recommendations
  20. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figure

Figure 1    Asia Pacific Crane Market Segmentation

Figure 2    Asia Pacific Crane Market Value Chain Analysis

Figure 3    Company Market Share Analysis, 2021

Figure 4    Asia Pacific Crane Market Size, By Value (USD Billion), 2019−2029

Figure 5    Asia-Pacific Crane Market Share, By Type, By Value, 2019−2029

Figure 7    Asia-Pacific Crane Market Share, By Application, By Value, 2019−2029

Figure 8    Asia-Pacific Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 10  Asia-Pacific Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 11  The Asia-Pacific Crane Market Share, By Country, By Value, 2019−2029

Figure 12  China Crane Market Size, By Value (USD Billion), 2019−2029

Figure 13  China Crane Market Share, By Type, By Value, 2019−2029

Figure 14  China Crane Market Share, By Application, By Value, 2019−2029

Figure 15  China Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 16  China Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 17  India Crane Market Size, By Value (USD Billion), 2019−2029

Figure 18  India Crane Market Share, By Type, By Value, 2019−2029

Figure 19  India Crane Market Share, By Application, By Value, 2019−2029

Figure 20  India Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 21  India Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 22  Japan Crane Market Size, By Value (USD Billion), 2019−2029

Figure 23  Japan Crane Market Share, By Type, By Value, 2019−2029

Figure 24  Japan Crane Market Share, By Application, By Value, 2019−2029

Figure 25  Japan Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 26  Japan Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 27  South Korea Crane Market Size, By Value (USD Billion), 2019−2029

Figure 28  South Korea Crane Market Share, By Type, By Value, 2019−2029

Figure 29  South Korea Crane Market Share, By Application, By Value, 2019−2029

Figure 30  South Korea Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 31  South Korea Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 32  Australia & New Zealand Crane Market Size, By Value (USD Billion), 2019−2029

Figure 33  Australia & New Zealand Crane Market Share, By Type, By Value, 2019−2029

Figure 34  Australia & New Zealand Crane Market Share, By Application, By Value, 2019−2029

Figure 35  Australia & New Zealand Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 36  Australia & New Zealand Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 37  Indonesia Crane Market Size, By Value (USD Billion), 2019−2029

Figure 38  Indonesia Crane Market Share, By Type, By Value, 2019−2029

Figure 39  Indonesia Crane Market Share, By Application, By Value, 2019−2029

Figure 40  Indonesia Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 41  Indonesia Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 42  Malaysia Crane Market Size, By Value (USD Billion), 2019−2029

Figure 43  Malaysia Crane Market Share, By Type, By Value, 2019−2029

Figure 44  Malaysia Crane Market Share, By Application, By Value, 2019−2029

Figure 45  Malaysia Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 46  Malaysia Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 47  Singapore Crane Market Size, By Value (USD Billion), 2019−2029

Figure 48  Singapore Crane Market Share, By Type, By Value, 2019−2029

Figure 49  Singapore Crane Market Share, By Application, By Value, 2019−2029

Figure 50  Singapore Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 51  Singapore Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 52  Philippines Crane Market Size, By Value (USD Billion), 2019−2029

Figure 53  Philippines Crane Market Share, By Type, By Value, 2019−2029

Figure 54  Philippines Crane Market Share, By Application, By Value, 2019−2029

Figure 55  Philippines Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 56  Philippines Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 57  Vietnam Crane Market Size, By Value (USD Billion), 2019−2029

Figure 58  Vietnam Crane Market Share, By Type, By Value, 2019−2029

Figure 59  Vietnam Crane Market Share, By Application, By Value, 2019−2029

Figure 60  Vietnam Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 61  Vietnam Crane Market Share, By Industry Type, By Value, 2019−2029

Figure 62  Rest of Asia Pacific Crane Market Size, By Value (USD Billion), 2019−2029

Figure 63  Rest of Asia Pacific Crane Market Share, By Type, By Value, 2019−2029

Figure 64  Rest of Asia Pacific Crane Market Share, By Application, By Value, 2019−2029

Figure 65  Rest of Asia Pacific Crane Market Share, By Operation Type, By Value, 2019−2029

Figure 66  Rest of Asia Pacific Crane Market Share, By Industry Type, By Value, 2019−2029

List of Tables

Table 1       Asia-Pacific Crane Market Size, By Type, By Value, 2019−2029

Table 2       Asia-Pacific Crane Market Size, By Application, By Value, 2019−2029

Table 3       Asia-Pacific Crane Market Size, By Operation Type, By Value, 2019−2029

Table 4       Asia-Pacific Crane Market Size, By Industry Type, By Value, 2019−2029

Table 5       The Asia-Pacific Crane Market Size, By Country, By Value, 2019−2029

Table 6       China Crane Market Size, By Type, By Value, 2019−2029

Table 7       China Crane Market Size, By Application, By Value, 2019−2029

Table 8       China Crane Market Size, By Operation Type, By Value, 2019−2029

Table 9       China Crane Market Size, By Industry Type, By Value, 2019−2029

Table 10     India Crane Market Size, By Type, By Value, 2019−2029

Table 11     India Crane Market Size, By Application, By Value, 2019−2029

Table 12     India Crane Market Size, By Operation Type, By Value, 2019−2029

Table 13     India Crane Market Size, By Industry Type, By Value, 2019−2029

Table 14     Japan Crane Market Size, By Type, By Value, 2019−2029

Table 15     Japan Crane Market Size, By Application, By Value, 2019−2029

Table 16     Japan Crane Market Size, By Operation Type, By Value, 2019−2029

Table 17     Japan Crane Market Size, By Industry Type, By Value, 2019−2029

Table 18     South Korea Crane Market Size, By Type, By Value, 2019−2029

Table 19     South Korea Crane Market Size, By Application, By Value, 2019−2029

Table 20     South Korea Crane Market Size, By Operation Type, By Value, 2019−2029

Table 21     South Korea Crane Market Size, By Industry Type, By Value, 2019−2029

Table 22     Australia & New Zealand Crane Market Size, By Type, By Value, 2019−2029

Table 23     Australia & New Zealand Crane Market Size, By Application, By Value, 2019−2029

Table 24     Australia & New Zealand Crane Market Size, By Operation Type, By Value, 2019−2029

Table 25     Australia & New Zealand Crane Market Size, By Industry Type, By Value, 2019−2029

Table 26     Indonesia Crane Market Size, By Type, By Value, 2019−2029

Table 27     Indonesia Crane Market Size, By Application, By Value, 2019−2029

Table 28     Indonesia Crane Market Size, By Operation Type, By Value, 2019−2029

Table 29     Indonesia Crane Market Size, By Industry Type, By Value, 2019−2029

Table 30     Malaysia Crane Market Size, By Type, By Value, 2019−2029

Table 31     Malaysia Crane Market Size, By Application, By Value, 2019−2029

Table 32     Malaysia Crane Market Size, By Operation Type, By Value, 2019−2029

Table 33     Malaysia Crane Market Size, By Industry Type, By Value, 2019−2029

Table 34     Singapore Crane Market Size, By Type, By Value, 2019−2029

Table 35     Singapore Crane Market Size, By Application, By Value, 2019−2029

Table 36     Singapore Crane Market Size, By Operation Type, By Value, 2019−2029

Table 37     Singapore Crane Market Size, By Industry Type, By Value, 2019−2029

Table 38     Philippines Crane Market Size, By Type, By Value, 2019−2029

Table 39     Philippines Crane Market Size, By Application, By Value, 2019−2029

Table 40     Philippines Crane Market Size, By Operation Type, By Value, 2019−2029

Table 41     Philippines Crane Market Size, By Industry Type, By Value, 2019−2029

Table 42     Vietnam Crane Market Size, By Type, By Value, 2019−2029

Table 43     Vietnam Crane Market Size, By Application, By Value, 2019−2029

Table 44     Vietnam Crane Market Size, By Operation Type, By Value, 2019−2029

Table 45     Vietnam Crane Market Size, By Industry Type, By Value, 2019−2029

Table 46     Rest of Asia Pacific Crane Market Size, By Type, By Value, 2019−2029

Table 47     Rest of Asia Pacific Crane Market Size, By Application, By Value, 2019−2029

Table 48     Rest of Asia Pacific Crane Market Size, By Operation Type, By Value, 2019−2029

Table 49     Rest of Asia Pacific Crane Market Size, By Industry Type, By Value, 2019−2029

Table 50     Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd. Company Overview

Table 51     Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd. Financial Overview

Table 52     Zoomlion Heavy Industry Science & Technology Co. Ltd Company Overview

Table 53     Zoomlion Heavy Industry Science & Technology Co. Ltd Financial Overview

Table 54     Furukawa Unic Corporation Company Overview

Table 55     Furukawa Unic Corporation Financial Overview

Table 56     Altec Inc Company Overview

Table 57     Altec Inc Financial Overview

Table 58     Link-Belt Construction Equipment Co Company Overview

Table 59     Link-Belt Construction Equipment Co Financial Overview

Table 60     Konecranes Plc Company Overview

Table 61     Konecranes Plc Financial Overview

Table 62     National Oilwell Varco Company Overview

Table 63     National Oilwell Varco Financial Overview

Table 64     Columbus Mckinnon Corporation Company Overview

Table 65     Columbus Mckinnon Corporation Financial Overview

Table 66     Manitowoc Company Overview

Table 67     Manitowoc Financial Overview

Table 68     TTS Group Company Overview

Table 69     TTS Group Financial Overview

Table 70     Huisman Equipment Company Overview

Table 71     Huisman Equipment Financial Overview

Table 72     Kobelco Cranes Co. Ltd Company Overview

Table 73     Kobelco Cranes Co. Ltd Financial Overview

Table 74     IHI Construction Machinery Limited Company Overview

Table 75     IHI Construction Machinery Limited Financial Overview

 

 

Market Segmentation

By Type

  • Mobile Crane

  • Fixed Crane

  • Marine & Offshore Crane

  • By Application

  • Industrial Applications

  • Marine & Offshore

  • Mining & Excavation

  • Construction

By Operation Type

  • Hydraulic

  • Electric

  • Hybrid

By Industry Type

  • Construction

  • Shipping & Material Handling

  • Automotive & Railway

  • Mining

  • Aerospace & Defense

  • Energy & Power

By Country

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Australia

  • Indonesia

  • Vietnam

  • Philippines

  • Rest of Asia Pacific

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Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of Asia-Pacific Crane Market include surging demand for construction equipment, developing infrastructure and increasing mining industries in Asia Pacific, and increased use in transportation and logistics industry of Asia Pacific.
Ans: During the forecast period between 2023 and 2029, the Asia-Pacific Crane Market size is projected to grow at a CAGR of 7.1%.
Ans: Key players in Asia-Pacific Crane Market include Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd, Furukawa Unic Corporation, Altec Inc, Link-Belt Construction Equipment Co, Konecranes Plc, National Oilwell Varco, Columbus, McKinnon Corporation, Manitowoc, TTS Group, Huisman Equipment, Kobelco Cranes Co. Ltd., and IHI Construction Machinery Limited.
Ans: The mobile crane segment accounted for the highest market share in the Asia-Pacific Crane Market by type.
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