Carry Deck Crane Market

Carry Deck Crane Market Outlook (2023 to 2033)

The global carry deck crane market is valued at US$ 532 million in 2023 and is projected to expand at a CAGR of 4.3% to reach US$ 805 million by 2033-end.

Over the years, deck cranes have undergone remarkable advancements, departing from the primitive block-and-tackle systems operated by manual capstans. Modern deck cranes now integrate state-of-the-art hydraulic, cabling, and electronic technologies, offering unprecedented strength and maneuverability. These cranes are being actively developed and, in certain instances, tailor-made to meet highly specific requirements.

Manufacturers are incorporating features such as explosion-proof motors, non-sparking cables, and non-sparking hubs in areas where liquefied natural gas (LNG) is increasingly utilized as a fuel source.

During the projected period, use of small cranes for scooping up trash in underground tunnels and mines is expected to boost market growth. Tunnel head height restrictions and new features in pick-and-carry cranes such as lights and fire suppression systems for debris protection in engines can auger well for the market.

Construction businesses are adopting and leasing electric cranes for the installation of prefabricated components. Redhill recently added the Manitex Valla 250E to its fleet of concrete sections for the London Underground's Battersea Power Station.

Boom cranes are hoisting equipment that transfers items horizontally or vertically using a boom. Fixed or telescoping booms are available. The primary function of a crane is to lift huge weights and carry them from one point to another.

A gantry crane is a form of overhead crane in which the bridge, trolley, and hoist are supported by legs. These legs move along the ground on wheels or rails embedded in the ground. A gantry crane is commonly utilized for outdoor applications or to provide lifting capabilities beneath current overhead bridge crane systems.

Hydraulic cranes have a wide range of lifting capacities, from complete houses to heavy industry machinery to multi-ton structure sections. A crawler crane consists of an upper carriage that is supported by a crawler undercarriage. The upper deck and accessories are designed to rotate 360 degrees. A crawler crane has either a box or a lattice straight boom, as well as an optional jib.

Report Attributes	Details
Carry Deck Crane Market Size (2022)	US$ 510 Million
Estimated Market Value (2023)	US$ 532 Million
Forecasted Market Value (2033)	US$ 805 Million
Global Market Growth Rate (2023 to 2033)	4.3% CAGR
Key Regional Market	Asia Pacific
Key Companies Profiled	DMW Marine Group M-W Marine, Inc MacGregor The Liebherr Group Appleton Marine Inc Sany Heavy Industry Co. Ltd. Konecranes Oyj Zoomlion Heavy Industry Science and Technology Co., Ltd. Xuzhou Construction Machinery Group Co., Ltd.

Why is Demand for Carry Deck Cranes Increasing Steadily?

“Increase in Construction and Mining Activities Driving Demand for Carry Deck Cranes”

With the growth of the building and mining industries, the carry deck crane market is predicted to expand significantly in the coming years. Governments across the world are focusing on infrastructure development. They are enacting a variety of changes and laws to strengthen their infrastructure and real-estate businesses.

Such reforms are projected to fuel the growth of the construction industry, and hence the truck cranes and crane rental industries.

“Manufacturers’ Focus on Developing Safe and Weather-Resilient Marine Deck Cranes with UV Protection Coatings”

Marine deck cranes are specifically engineered to facilitate the safe and efficient loading and unloading of goods on various types of ships, including general cargo ships, container cargo ships, bulk carriers, and other transportation vessels. These cranes are particularly suitable for bulk carriers, container vessels, and engineering ships engaged in both domestic and international voyages. Design of marine deck cranes is carefully crafted to withstand unpredictable weather conditions that can occur during sea travel.

Ultraviolet (UV) protection coatings shield cranes from abrasion and corrosion, thus enhancing durability and longevity. This ensures the reliability and performance of cranes even in harsh marine environments.

What are the Primary Challenges Associated with Carry Deck Cranes?

“High Initial Investment and Competition from Alternative Lifting Equipment”

The cost of acquiring a carry deck crane can be significant, especially for small- and medium-sized businesses. The high initial investment required to purchase or lease a carry deck crane can act as a restraint for some potential buyers and limit market growth.

The market can be influenced by economic fluctuations, changes in construction activity, and variations in infrastructure development. During periods of economic uncertainty or slowdowns in construction projects, demand for carry deck cranes is likely to decrease, impacting market growth.

Carry deck cranes face competition from other types of lifting equipment, such as truck-mounted cranes, rough terrain cranes, and crawler cranes. The market opportunities for carry deck crane manufacturers can be limited due to customers opting for alternative equipment based on their specific project requirements.

“Limited Lifting Capacity and High Maintenance Cost Associated with Carry Deck Cranes”

Carry deck cranes are designed for compact and confined spaces, which generally results in lower lifting capacities compared to larger cranes. This limitation can restrict their use in projects that require heavy lifting or handling of oversized loads.

Ongoing maintenance and operating costs associated with carry deck cranes can be significant. Regular inspections, repairs, and maintenance activities are necessary to ensure safe and efficient operation, which can add to the overall cost of ownership.

Increasing environmental regulations and sustainability initiatives affect the demand for carry deck cranes. Demand for traditional diesel-powered carry deck cranes could be influenced by the pressure businesses face to adopt greener alternatives or environmentally friendly practices.

Country-wise Insights

What Makes India a Profitable Market for Carry Deck Crane Manufacturers?

“Growing Infrastructure Investments and Implementation of High-Speed Train Projects”

The market in India is poised to secure a prominent position in the industry. The reduced human involvement in labor-intensive tasks, resulting in fewer construction-related injuries, is anticipated to drive the widespread adoption of cranes for efficient construction operations. This trend is expected to bolster the overall growth of the market in India, where the construction sector is experiencing rapid expansion.

• During the Union Budget (2022 to 2023), the Indian government allocated US$ 130.7 billion (INR 10 lakh crore) to accelerate the development of integrated infrastructure, including multi-modal logistics hubs and ports nationwide.

Imminent implementation of high-speed trains is expected to create favorable prospects in the Indian crane industry. Given the extensive construction involved in building these bullet trains, crane machines are expected to play a crucial role in lifting heavy materials in this process.

How is Demand for Carry Deck Cranes Evolving in the United States?

“High Demand for Carry Deck Cranes Driven by Growing Construction Activities, Infrastructure Development, and Safety Compliance Requirements”

Carry deck cranes are compact mobile construction cranes with a rotating boom and a load deck on the rear of the machine. They are commonly used in various industries, including construction, manufacturing, and industrial maintenance.

The construction industry plays a significant role as carry deck cranes are widely utilized in construction projects for material handling and lifting purposes. Rapid infrastructure development as well as increasing residential and commercial construction and renovation projects contribute to the demand for carry deck cranes in the United States.

Government regulations and safety standards also influence the market in the United States. Compliance with safety regulations, such as Occupational Safety and Health Administration (OSHA) guidelines, is essential for manufacturers, suppliers, and end-users of carry deck cranes.

Category-wise Insights

Why Do 21 to 50 Ton Carry Deck Cranes Account for Higher Sales Volumes?

“Easy Maneuverability of 21 to 50 Ton Carry Deck Cranes Contributing to High Product Sales”

Cranes with a capacity range of 21 to 50 tons formed a dominant segment in 2022. These cranes find extensive applications in the construction and manufacturing sectors, as they play a crucial role in lifting, transporting, and distributing heavy concrete and iron bars to designated areas on large construction sites.

The capacity of a carry deck crane is an important consideration when selecting the appropriate equipment for a specific job or project. Different applications require varying lifting capacities based on the weight of the load to be handled. Having a range of capacity options allows for flexibility and ensures that the cranes meet the specific requirements of different lifting tasks.

Carry deck cranes with a capacity of 21 to 50 tons are suitable for a wide range of applications in various industries. They are commonly used in construction sites, industrial facilities, manufacturing plants, and maintenance operations. These cranes are capable of lifting and transporting heavy loads within confined spaces, making them ideal for projects where maneuverability and versatility are crucial.

Why is There Extensive Usage of Carry Deck Cranes in the Construction and Infrastructure Sector?

“Carry Deck Cranes Ideal in Construction and Infrastructure Industries for Efficient Material Handling and Project Development”

Based on application, the construction and infrastructure sectors held a leading market share in 2022. These cranes are important assets in the construction sector because they make it easier to work with massive and cumbersome construction materials. Carry deck cranes are used on construction sites to lift, load, and unload materials at a specific distance and height based on their needs.

As a result of increased investments in the real estate sector, the construction industry has seen tremendous expansion around the world. Factors such as rise in commercial building construction, such as commercial complexes and office buildings, drive demand for carry deck cranes in the construction segment.

Carry deck cranes are extensively used in construction sites for various tasks, including material handling, equipment installation, and building maintenance. Their compact size allows them to navigate tight spaces, making them suitable for urban construction projects with limited access.

Development of infrastructure projects, such as roads, bridges, airports, and railways, requires efficient material-handling equipment. Carry deck cranes play a vital role in these projects, assisting with the transportation and placement of heavy components and construction materials.

Competitive Landscape

The competitive landscape of the carry deck crane market in the construction and infrastructure sector is characterized by the presence of several key players. These companies compete in terms of product offerings, technological advancements, pricing strategies, and customer service. These companies, along with other regional and local manufacturers, compete to capture a sizeable market share.

Carry deck crane manufacturers strive to meet customer demands by offering reliable, efficient, and technologically advanced products while providing excellent customer service and support. The competitive landscape is characterized by continuous innovation and the ability to cater to the specific needs of customers in the construction and infrastructure sector.

• MAXIKraft placed a substantial order with Liebherr Group in October 2022, totaling US$ 101 million, for the acquisition of new cranes and trade-ins. Throughout 2023, Liebherr is to deliver these cranes to various companies within the MAXIKraft Group, including MAXIKraft, MaxiMum, Kranlogistik Sachsen, Kranlogistik Lausitz, and Treffler.
• In April 2022, Tadano Limited announced the commencement of the construction of the world's first electric all-terrain crane as part of its drive to reach its carbon neutrality goals of reducing carbon emissions from product use by 25% by 2030. The crane is scheduled to be operational by late 2023.

Key Segments of Carry Deck Crane Industry Research

• By Type :

  • Mobile Cranes
  • Telescopic Cranes
  • Tower Cranes
  • Truck-mounted Cranes

• By Capacity :

  • Less Than 5 Tons
  • 5 to 10 Tons
  • 11 to 15 Tons
  • 16 to 20 Tons
  • 21 to 50 Tons
  • Above 50 Tons

• By Application :

  • Construction & Infrastructure
  • Manufacturing
  • Mining
  • Oil & Gas

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa