CHINA CRANE MARKET SIZE WILL BE VALUED AT USD 245 BILLION AND TO REACH A VOLUME OF 2,00,170 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 3.21% BY VOLUME DURING 2021-2027

The China Crane Market Research Report includes by Crane Type (Mobile Crane (Crawler Cranes, Rough Terrain Cranes, All Terrain Cranes, Truck Mounted Cranes and Others), and Fixed Cranes (Overhead Cranes and Tower Cranes), Application (Construction, Mining, Transport/Port, Manufacturing, and Others), and Gross Power (Less than 20 Tons, 20-100 Tons, 101-200 Tons, and Greater than 200 Tons)

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Most Exhaustive Report

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79 Pages

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4 Tables

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64 Charts

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1 Regions

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1 Countries

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15 Companies

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3 Market Segment

CHINA CRANE MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 245 BILLION (2027)
MARKET SIZE (VOLUME) 2,00,170 UNITS (2027)
CAGR (VOLUME) 3.21% (2021-2027)
BASE YEAR 2020
HISTORIC YEAR 2018-2019
FORECAST YEAR 2021-2027
CRANE TYPE Mobile Crane (Crawler Cranes, Rough Terrain Cranes, All Terrain Cranes, Truck Mounted Cranes, and Others), and Fixed Cranes (Overhead Cranes and Tower Cranes)
APPLICATION Construction, Mining, Transport/Port, Manufacturing, and Others
GROSS POWER Less than 20 Tons, 20-100 Tons, 101-200 Tons, and Greater than 200 Tons
KEY VENDORS XCMG Group, SANY Group, Zoomlion, Manitex, Tadano, Manitowoc, Kobelco Construction Machinery, Konecranes, Liebherr, and Terex Corporation

CHINA CRANE MARKET OUTLOOK

  • The China crane market size was valued at USD 199 billion and reached a volume of 165,617 units in 2021.
  • In China, the demand for mobile cranes is rising substantially as China’s mobile crane market is the world's largest market for mobile cranes.
  • In recent years, the contractors are changing from smaller tower cranes to medium ones of 18t – 20t capacity, which in turn, the tower cranes are gaining high traction in China.
  • Demand for large-tonnage crawler cranes and truck cranes is rising to rush to construct wind power.
  • The crane industry is expected to be pushed by China's ambitious project of investing heavily in infrastructure growth, including railways, roads and highways, airports, and ports.

China Crane Market by Volume

CHINA CRANE MARKET - SEGMENTATION ANALYSIS

  • Truck cranes are smaller, less versatile, and used for lifting lighter loads (load capacity limit of about 45 tons). China truck mounted crane market is expected to reach USD 23,432.7 million by 2027, growing at a CAGR of 4.45%.
  • Local government investment spending, private investment, and ongoing infrastructure projects all boost construction activity. By construction, China’s crane market is expected to reach USD 98,541.5 million by 2027, growing at a CAGR of 4.36%.
  • China’s crane market by mining is expected to reach 5,548 units by 2027, growing at a CAGR of 2.06%. The crane market by mining accounts for 3% of the overall China market in 2020.

KEY HIGHLIGHTS FROM THE REPORT

  • The China crane market is expected to show incremental growth of 37,817 units from 2020-2027.
  • The increasing demand for cranes is attributed to investments by favorable government policies, and foreign multinationals are doubling down on their investments in China.
  • The less than 20 tons crane market in China was estimated at 74,481 units in 2020 and expects to reach 91,987 units by 2027, growing at a CAGR of 3.21% during the period.

VENDOR LANDSCAPE

Vendors in the China crane industry are innovating new technologies to grow in the market. Manufacturers and end-use industries are focusing on developing more fuel-efficient, technologically sophisticated machinery to enhance construction to create heavy demand in the China crane industry. Players holding the majority of the market share have their manufacturing facilities in China. They rely primarily on local distributors and dealers for the sale of cranes. Vendors are investing in developing smart crane technology that enables automated safety features, telematics, IoT, and remote monitoring capabilities.

XCMG has integrated technological innovation and development to create a series of products that represents the most advanced technologies globally and in China. The company developed the industry-leading QY25KQ crane truck fueled by natural gas, which is great innovative green manufacturing technology in the construction machinery industry in China.

TARGET AUDIENCE:

  • Top-level management personnel of existing operators/vendors
  • Potential new entrants to the market
  • Consultants/consultancies/advisory firms
  • Professional landscaping service providers/contractors
  • Corporate and governments bodies 

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

  • Volume (Unit sales)
  • Crane Type
  • Application
  • Gross Power
  • Value (USD)     
  • Crane Type
  • Application
  • Gross Power                                   
  • Gain competitive intelligence about the economic scenario, advantages in China major projects and investments, market dynamics, market share
  • Examples of latest technologies
  • Get presentation-ready format and easy-to-interpret data
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative and qualitative analysis on value/volume growth projections of the China crane market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 10 key vendors and 5 other prominent vendors

KEY VENDORS

Major Vendors: XCMG Group, SANY Group, Zoomlion, Manitex, Tadano, Manitowoc, Kobelco Construction Machinery, Konecranes, Liebherr, and Terex Corporation.

Other Prominent Vendors: Link-Belt Cranes, Kato Works Co. Ltd., American Crane & Equipment Corp. (ACE), China Communications Construction, and FUWA Heavy Industry Machinery

Frequently Asked Questions

How big is the China crane market?

China crane market size will be valued at USD 245 billion and to reach a volume of 2,00,170 units by 2027.

What are the latest trends in the crane market in China?

Konecranes recognizes 4 megatrends: sustainability, digitalization, productivity, and geopolitics that especially have an impact on customers and business operations.

Who are the key players in the China crane industry?

XCMG Group, SANY Group, Zoomlion, Manitex, Tadano, Manitowoc, Kobelco Construction Machinery, Konecranes, Liebherr, and Terex Corporation are the key players in the China crane industry.

What are the key opportunities in the mobile crane market in China?

In China, the demand for mobile cranes is rising substantially, and China mobile crane market is the world's largest market for mobile cranes.

Which segment accounted for the highest share in the China crane industry?

In terms of end-users, the construction industry is expected to generate the highest demand for cranes.

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The rental market in the China crane industry is gaining high momentum as increasing proportions are being bought by crane rental companies from domestic players in China. The shift in intelligent systems driven by IoT and data analysis for service, networking, and sustainability, the crane market is transitioning to a more innovative industry. The increasing demand for cranes is attributed to investments by favorable government policies and foreign multinationals are doubling down on their investments in China.

Base Year: 2020 

Forecast Year: 2021-2027  

Scope: The report considers the present scenario of the China crane market and market dynamics for the forecast period 2021−2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the China crane market.

Major Vendors

  • XCMG Group
  • SANY Group
  • Zoomlion
  • Manitex
  • Tadano
  • Manitowoc
  • Kobelco Construction Machinery
  • Konecranes
  • Liebherr
  • Terex Corporation

Other Prominent Vendors

  • Link-Belt Cranes
  • Kato Works Co. Ltd.
  • American Crane & Equipment Corp. (ACE)
  • China Communications Construction
  • FUWA Heavy Industry Machinery

Market Segmentation by Crane Type

  • Mobile Crane
    • Crawler Cranes
    • Rough Terrain Cranes
    • All Terrain Cranes
    • Truck Mounted Cranes
    • Others
  • Fixed Cranes
    • Overhead Cranes
    • Tower Cranes

Market Segmentation by Application

  • Construction
  • Mining
  • Transport/Port
  • Manufacturing
  • Others

Market Segmentation by Gross Power

  • Less than 20 Tons
  • 20-100 Tons
  • 101-200 Tons
  • Greater than 200 Tons

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, FDI, Advantage China, Key economic regions in China, Import/Export Trend Analysis, Supply Chain, COVID-19 Impact      


Section 3- Technological Developments
The advent of new technology

Recent Developments

Section 4 Market Dynamics
• Market Drivers, Restraints, Trends

Section 5 – Market Landscape
       1. China Crane Market by Crane Type

           Mobile Cranes Market Size & Forecast Volume & Value 2018-2027

           Crawler Cranes Market Size & Forecast Volume & Value 2018-2027

           Rough Terrain Cranes Market Size & Forecast Volume & Value 2018-2027

           All-Terrain Cranes Market Size & Forecast Volume & Value 2018-2027

           Truck Mounted Cranes Market Size & Forecast Volume & Value 2018-2027

           Other Cranes Market Size & Forecast Volume & Value 2018-2027

           Fixed Cranes Market Size & Forecast Volume & Value 2018-2027

           Overhead Cranes Market Size & Forecast Volume & Value 2018-2027

           Tower Cranes Market Size & Forecast Volume & Value 2018-2027

 

  1. China Crane Market by Application
    Construction, Market Size and Forecast, Volume & Value, 2018-2027
    Mining, Market Size and Forecast, Volume & Value, 2018-2027
    Cargo Transport/Port Market Size and Forecast, Volume & Value, 2018-2027
    Manufacturing Market Size and Forecast, Volume & Value, 2018-2027
    Others Market Size and Forecast, Volume & Value, 2018-2027

  2. China Crane Market by Maximum Lifting Capacity
    20-100 Tons Lifting Capacity Market Size and Forecast, Volume & Value, 2018-2027
    101-200 Tons Lifting Capacity Market Size and Forecast, Volume & Value, 2018-2027
    >200 Tons Lifting Capacity Market Size and Forecast, Volume & Value, 2018-2027


Section 6 – Competitive Landscape
1. Company Profile of major Vendors (Tadano, Manitex International, Manitowoc, SANY Group, Kobelco Construction Machinery, Konecranes, Liebherr    Group, Terex Corporation, Zoomlion Heavy Industry Science & Technology, and XCMG Group).
2. Other Prominent vendors

3. Rental Companies


Section 7 – Report Summary
1. Key Insights

2. Abbreviations

Section 8 – Appendix (Report Scope & Definition)
1. Research Methodology
2. Market Definition, Inclusion & Exclusion

Exhibit 1             China Crane Market by Volume 2018-2027 (Unit Sales)

Exhibit 2             China Crane Market by Maximum Lifting Capacity 2020 (% Volume Share)

Exhibit 3             China Crane Market by Volume 2018-2027 (Unit Sales)

Exhibit 4             China Crane Market by Value 2018-2027 ($ MN)

Exhibit 5             China Crane Market by Application 2020 (%)

Exhibit 6             China Crane Market by Crane Type 2018-2027 (Unit Sales)

Exhibit 7             China’s GDP 2015-2020 ($ TN)

Exhibit 8             Contribution of Manufacturing sector to China’s GDP 2015-2020 (% share)

Exhibit 9             Decline in sector wise GDP due to COVID-19, Q1 2020 (% change)

Exhibit 10           Foreign Direct Investment Net Inflow (% of GDP)

Exhibit 11           Type of cranes exported from China, 2019 (units)

Exhibit 12           Import market for cranes from China, 2019 (% share)

Exhibit 13           Number of Projects by Sector, 2015-2020 H1

Exhibit 14           Investment in projects by sector ($ MN), 2015-2020 H1

Exhibit 15           China Crane market by crane type 2018-2027 (unit sales)

Exhibit 16           China Crane market by Application 2018-2027 (unit sales)

Exhibit 17           China Crane market by Maximum Lifting Capacity 2018-2027 (unit sales)

Exhibit 18           China Mobile Crane Market 2018–2027 (Unit Sales)

Exhibit 19           China Mobile Crane Market 2018–2027 ($ MN)

Exhibit 20           Crawler Crane Market in China 2018–2027 (Unit Sales)

Exhibit 21           Crawler Crane Market in China 2018–2027 ($ MN)

Exhibit 22           Rough Terrain Cranes Market in China 2018–2027 (Unit Sales)

Exhibit 23           Rough Terrain Cranes Market in China 2018–2027 ($ MN)

Exhibit 24           All-Terrain Cranes Market in China 2018–2027 (Unit Sales)

Exhibit 25           All-Terrain Cranes Market in China 2018–2027 ($ MN)

Exhibit 26           Truck-Mounted Crane Market in China 2018–2027 (Unit Sales)

Exhibit 27           Truck-Mounted Crane Market in China 2018–2027 ($ MN)

Exhibit 28           Other Crane Market in China 2018–2027 (Unit Sales)

Exhibit 29           Other Crane Market in China 2018–2027 ($ MN)

Exhibit 30           Fixed Crane Market in China 2018–2027 (Unit Sales)

Exhibit 31           Fixed Crane Market in China 2018–2027 ($ MN)

Exhibit 32           Overhead Crane Market in China 2018–2027 (Unit Sales)

Exhibit 33           Overhead Crane Market in China 2018–2027 ($ MN)

Exhibit 34           China Tower Crane Market 2018–2027 (Unit Sales)

Exhibit 35           China Tower Crane Market 2018–2027 ($ MN)

Exhibit 36           China’s Building Construction, 2015-2019 ($ BN)

Exhibit 37           Construction Crane Market in China 2018–2027 (Unit Sales)

Exhibit 38           Construction Crane Market in China 2018–2027 ($ MN)

Exhibit 39           Mining Crane Market in China 2018–2027 (Unit Sales)

Exhibit 40           Mining Crane Market in China 2018–2027 ($ MN)

Exhibit 41           Cargo Transport/Port Crane Market in China 2018–2027 (Unit Sales)

Exhibit 42           Cargo Transport/Port Crane Market in China 2018–2027 ($ MN)

Exhibit 43           Manufacturing Crane Market in China 2018–2027 (Unit Sales)

Exhibit 44           Manufacturing Crane Market in China 2018–2027 ($ MN)

Exhibit 45           Other Sector Crane Market in China 2018–2027 (Unit Sales)

Exhibit 46           Other Sector Crane Market in China 2018–2027 ($ MN)

Exhibit 47           <20 Tons Crane Lifting Capacity Market in China 2018–2027 (Unit Sales)

Exhibit 48           <20 Tons Crane Lifting Capacity Market in China 2018–2027 ($ MN)

Exhibit 49           20-100 Tons Crane Lifting Capacity Market in China 2018–2027 (Unit Sales)

Exhibit 50           20-100 Tons Crane Lifting Capacity Market in China 2018–2027 ($ MN)

Exhibit 51           101-200 Tons Crane Lifting Capacity Market in China 2018–2027 (Unit Sales)

Exhibit 52           101-200 Tons Crane Lifting Capacity Market in China 2018–2027 ($ MN)

Exhibit 53           >200 Tons Crane Lifting Capacity Market in China 2018–2027 (Unit Sales)

Exhibit 54           >200 Tons Crane Lifting Capacity Market in China 2018–2027 ($ MN)

Exhibit 55           Market Share 2020 (% share)

Exhibit 56           Market Share of China’s Truck Crane and Crawler Crane industry 2018 (% share)

Exhibit 57           Sany, Total Revenue by Product Segment, 2020 (% share)

Exhibit 58           Tadano; Mobile Crane Sales by Region 2020 (unit sales)

Exhibit 59           Manitex International; Total Sales by Product Segment 2020 (% share)

Exhibit 60           Manitowoc; Sales by Region (% share)

Exhibit 61           Manitowoc; New Product Introduction

Exhibit 62           Konecranes; Net Sales by Region 2020 (% share)

Exhibit 63          Liebherr; Tower Crane Sales by Region 2020 (% Share)

Exhibit 64           Liebherr; Mobile and Crawler Crane Sales by Region 2020 (% Share)

LIST OF TABLES

Table 1            Major Investing Countries (%)

Table 2            Main invested sectors

Table 3            Recent developments in Crane Market

Table 4            Key Insights

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