Top Five Companies Account for Over 28% Revenue Share of the Crawler Cranes Market
The crawler cranes market continues to remain a fragmented landscape with presence of various large and medium-scale participants. In the fragmented scenario, top five companies involved in the manufacturing of crawler cranes account for a significant share of the overall crawler cranes market.
Tier 1 companies such as Liebherr International AG, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., XCMG Construction Machinery Co. Ltd., and Sany Heavy Industry Co., collectively account for a share of more than 28 percent of the crawler cranes market.
Tier 1 companies in the crawler cranes market have been focusing on the Asia Pacific region to expand their sales footprint. They have been acquiring new contracts for crawler cranes in Asian countries and are developing new production plants. For instance, in December 2017, Zoomlion Heavy Industry Science and Technology Co., Ltd., secured a new contract to supply QUY180 crawler cranes for construction of viaduct of expressway in Djakarta (Indonesia).
Liebherr International AG is focusing on strengthening its position in India. It is planning to establish new plant for development of crawler cranes used in construction.
OSHA’s Crane Rule Update by November 10, 2018 – Regulating the Crawler Cranes Marketplace
Regulatory authorities are transforming the construction equipment space by updating rules regarding work practices to protect employees during use of crawler cranes. OSHA Final Cranes and Derricks Rule is expected to come into effect on 10th November 2018. This rule has includes mandates regarding national certification for operators of crawler cranes in a bid to reduce accidents during field operations. In line with OSHA’s crane rule, NCCCO (National Commission for the Certification of Crane Operators) has laid down various requirements to earn operator certification, including age limits, medical requirements and passing of written and practical exams.
VR Trend to Penetrate the Crawler Crane Training Space
Availability of skilled personnel to operate mobile cranes such as crawler cranes has always been a challenge for companies. In addition, training operators to efficiently run crawler cranes is time-consuming. Inexperience in running crawler cranes can lead to increased wear and tear as well as loss in operational efficiency and fuel. This resulted in the adoption of training simulations to extend training program scope and provide operators an innovative platform to experience operations crawler cranes without directly exercising on the field. However, traditional simulations are associated with high costs, zero natural depth perception owing to two-dimensional screen and less profitability.
In a bid to solve these problems, companies are using VR (virtual reality) that solves these challenges. Using VR, the trainee can have a real-time experience owing to the three-dimensional perception. The trend of VR is likely to proliferate in the crawler cranes, providing revolutionary training program and assessment platform for companies.
‘Rental’ Trend to Benefit OEMs – Influential Factor for Crawler Cranes Market Growth
Significant costs associated with crawler cranes has triggered trend of renting of these equipment. The renting trend, however, is likely to auger well for the overall growth of crawler cranes as renting companies are expanding their crawler cranes fleet. For instance, Bigge Crane and Rigging Co., had been investing in crawler cranes provided by Kobelco Construction Machinery Co., Ltd. It continues to invest in Kobelco for its new crawler cranes – the CK110G-2 – which will expand Bigge’s crawler cranes fleet by around 10 percent in 2018, reaching a count of 250 crawler cranes. Bigge has been renting Kobelco’s crawler cranes since 15 years and looks forward to continue its partnership with the crawler cranes OEM.
Likewise, AGD Rental, the first rental company in UK, offers hydraulic crawler cranes. It offers low capacity crawler cranes ranging from 50 – 100 tons for compact-area applications such as tunneling.
Rising Infrastructure Projects Presenting Potential Growth Avenues
Commercial infrastructure is projected to expand at a stellar pace owing to growing urbanization and infrastructure activities. Increasing focus on development of value service industries along with growing economic diversification has presented potential avenues for crawler cranes. For instance, Chenab River Railway Bridge project in India, which is expected to conclude by 2019 and Grand Paris project are expected to present significant growth opportunities for growth of mobile crane market and crawler cranes are no exception. Likewise, a funding of US$ 11.4 billion has been initiated by National Development and Reform Commission (NDRC) in the development of rail lines in Changchun (China) in 2018. Also, the European Union has invested around €700 million in innovative and sustainable transport and infrastructure in 2018. Such growing infrastructure projects and investments worldwide remain instrumental in driving demand for crawler cranes.
The crawler cranes market report covers profiles of participants that are involved in the manufacturing of crawler cranes. Key aspects of competition including product portfolio, developments, new product launches, new technologies adopted, key strategies and innovations and key financials are covered in the crawler cranes market report. The report on crawler cranes market has profiled companies such as Kobelco Construction Machinery Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Liebherr International AG, The Manitowoc Company Inc., and Terex Corporation.
The companies involved in the manufacturing of crawler cranes are largely and actively involved in developing new crawler cranes with enhanced features such as higher lifting capacities. Kobelco Construction Machinery Co. Ltd. has launched hydraulic crawler cranes in 2018. Kobelco’s CK3300G-2, CKE3000G and CKS3000 are multipurpose hydraulic crawler cranes that feature high lifting capacities of 300 MT.
In 2018, Liebherr International AG has unveiled 800 ton LR 1800-1.0 new crawler cranes that are designed for maximum performance. These crawler cranes are suited for petrochemicals and power plant construction applications. These new crawler cranes have VarioTray with derrick ballast and enable low cost transport.
Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., has launched new lattice boom crawler cranes with 80 tons capacity that feature enhanced operator comfort via a 1,040 mm wide operator cabin along with enhanced design that facilitates reduced downtime and maintenance.
The Manitowoc Company Inc., has launched MLC100-1 crawler cranes with a 100 ton capacity, making them the quickest crawler cranes to erect and assemble. These crawler cranes enable significant time saving and faster tear-down times.
Palfinger AG has introduced new crawler cranes mounted on crawler chassis. These new crawler cranes include a modular system with three modules – the crane, counterweight and crawler – that can be individually operated and combined. These crawler cranes are capable of working on difficult terrains such as during construction of power lines and cable lifts.
Companies in the crawler cranes market are investing a substantial amount in research for developing new prototypes. For instance, Jekko s.r.l has been investing over 10 percent of personal costs in research to develop new crawler cranes. Recently, Jekko introduced JF545 crawler cranes that are lighter due to absence of counterweight, offer high performance and feature infinite lifting capabilities. JF545 crawler cranes are available in both diesel and electric engines.
Crawler cranes are mobile cranes that are available with either lattice or telescopic boom that is mounted on undercarriage. The undercarriage is fitted with crawler tracks that facilitate mobility and stability. Lifting capacity of crawler cranes ranges from less than 150 to more than 600 tons. Crawler cranes are used in various application areas such as construction, wind farms, oil & gas and shipping.
About the Report
The crawler cranes market report is an extensive intelligence study covering all vital facets circling the crawler cranes space. The crawler cranes market report includes analysis on various aspects influencing the growth of the crawler cranes market. Key dynamics such as trends, drivers, challenges and opportunities are provided in the crawler cranes market report. The report on crawler cranes market also includes information on demand and sales of crawler cranes across key regions in the globe, in turn presenting a holistic picture of crawler cranes marketplace. The crawler cranes market report also includes historic data on crawler cranes sales, current crawler cranes scenario and crawler cranes adoption forecast highlights for a period of 10 years.
The crawler cranes market has been segmented in-depth to include every angle in the study. The crawler cranes market has been segmented on the basis of boom type, by maximum load capacity (tons), by end use industry and region. The boom type crawler cranes are categorized into lattice boom and telescopic boom crawler cranes. In the maximum load capacity, the crawler cranes are categorized into <150 tons, 150-300 tons, 300-600 tons and >600 tons. By end use industry, crawler cranes demand across applications such as oil & gas industry, wind farms, construction and shipping & port building is revealed.
The crawler cranes market has been assessed across key regions of North America, Latin America, Europe, CIS & Russia, Japan, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA).
Additional Questions Answered
Apart from aforementioned findings, the crawler cranes market report also provides answers to additional questions including:
- Which is the most attractive region for growth of crawler cranes market?
- Which are the most crawler cranes in terms of boom type on the global front?
- Can sales of crawler cranes with <150 tons capacity surpass those of crawler cranes with capacities >150 tons in the coming years?
- Which end use industry is expected to largely contribute to the overall growth of crawler cranes market?
- What trends and macro factors are influencing the growth of the crawler cranes market across the globe?
The crawler cranes market report has been drafted using an exclusive research process that features secondary and primary research methodologies. The data and statistics on crawler cranes market obtained from these sources is combined with external information sources and the information is triangulated to obtain highly accurate intelligence on demand and sales of crawler cranes.
The report on crawler cranes market forecast, trend analysis and competition tracking – global market insights, 2018-2028 is a comprehensive study revealing various facets of crawler cranes market. The crawler cranes market report covers various insights with respect to sales and adoption of crawler cranes across various end use industries. The crawler cranes market report presents historic data, current crawler cranes scenario and forecast apropos to sales of crawler cranes for a period of 10 years (2018-2028).
Chapter 1 – Executive Summary
Executive summary in the crawler cranes market report covers overall crawler cranes market summary, gist of analysis on crawler cranes market, mega trends in the crawler cranes market, opportunity assessment, wheel of fortune and analyst view point.
Chapter 2 – Crawler Cranes Market Overview
This chapter in the crawler cranes market report covers a brief introduction to the crawler cranes market, along with market definition and scope of the crawler cranes market report. It also includes segmentation of the crawler cranes market.
Chapter 3 – Key Indicator Assessment
This extensive chapter includes supply chain assessment, investment feasibility matrix, Porter’s five forces model, PESTLE analysis, and overall crawler cranes market forecast scenario. The chapter also covers difference between crawler and wheeled cranes along with list of various construction projects worldwide.
Chapter 4 – Market Dynamics
This chapter in the crawler cranes market report highlights various aspects influencing the growth in sales of crawler cranes across the globe. Various macroeconomic factors, growth drivers and trends impacting demand for crawler cranes are covered here. This chapter also includes detailed impact analysis of these factors.
Chapter 5 – Crawler Cranes Market – Price Point Analysis
This chapter in the crawler cranes market report includes price point assessment on crawler cranes boom type across major countries in the globe. It also covers pricing forecasts till 2028.
Chapter 6 – Crawler Cranes Market Analysis and Forecast
This extensive chapter includes analysis on crawler cranes market outlook covering value and volume projections of crawler cranes in terms of sales and demand. Regional demand assessment on crawler cranes market, y-o-y growth and market attractiveness index is also included in the chapter. It includes detailed analysis on every segment of the crawler cranes market, including boom type, maximum lifting capacity (tons), and end use industry.
Chapter 7 – North America Crawler Cranes Market
This chapter in the crawler cranes market report covers analysis on demand and sales of crawler cranes across key countries of United States and Canada. Detailed crawler cranes segmental outlook in North America is covered here.
Chapter 8 – Latin America Crawler Cranes Market
Analysis of crawler cranes market across countries of Mexico, Brazil, Chile, Argentina and Peru is covered in this chapter of the crawler cranes market report. Value and volume projections on every segment of the crawler cranes market across Latin America is included here.
Chapter 9 – Europe Crawler Cranes Market
Market attractiveness of European countries such as EU-4, United Kingdom, Benelux, Nordic and countries in Eastern Europe is covered in the chapter. Assessment of sales and demand of crawler cranes across these countries is included in the chapter.
Chapter 10 – CIS & Russia Crawler Cranes Market
This chapter in the crawler cranes market report provides a thorough assessment on demand for crawler cranes in Russia during the period of forecast along with detailed segmental snapshot.
Chapter 11 – Japan Crawler Cranes Market
This chapter reveals the lucrativeness of Japan in terms of adoption of crawler cranes during the forecast period. Sales of crawler cranes in Japan in 2017 and 2028 are provided with forecast highlights till 2028.
Chapter 12 – Asia Pacific Excluding Japan (APEJ) Crawler Cranes Market
Assessment on crawler cranes demand and sales across countries of Greater China, India, ASEAN, and South Korea is included in this extensive chapter. Various factors fuelling crawler cranes market growth in APEJ are also included.
Chapter 13 – Middle East and Africa (MEA) Crawler Cranes Market
This chapter in the crawler cranes market report covers analysis on use of crawler cranes across GCC countries, Turkey and Iran. It also includes attractiveness of these countries presenting an overall outlook on key revenue pockets in MEA.
Chapter 14 – Competitive Assessment
This chapter provides a detailed competitive dashboard to the reader along with market structure and company share assessment.
Chapter 15 – Company Profiles
This chapter in the crawler cranes market report covers profiles of key participants involved in the distribution and manufacturing of crawler cranes. Various facets of competition such as SWOT analysis, product overview, key developments, geographical presence and new developments are included in this chapter.
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