Asia Pacific Crane Market

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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

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
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
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
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
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
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
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
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
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
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
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
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
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
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
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.)
Impact of Covid-19 on Asia Pacific Crane Market
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
Key Strategic Recommendations
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):

1. What are the major factors driving the growth of the Asia-Pacific Crane Market?

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.

2. What is the expected growth rate of the Asia-Pacific Crane Market during the forecast period?

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%.

3. Name the key players in Asia-Pacific Crane Market.

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.

4. Which segment accounted for the highest share in the Asia-Pacific Crane Market by type?

Ans: The mobile crane segment accounted for the highest market share in the Asia-Pacific Crane Market by type.

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