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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Crawler Crane Market Size
The global crawler crane market attained a value of USD 2.30 billion in 2023. The market is expected to further grow at a CAGR of 5.9% in the forecast period of 2024-2032 to reach USD 3.85 billion by 2032.
Crawler Crane Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global crawler crane market attained a value of nearly USD 2.30 billion.
The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.
The major drivers of the market are the rise in demand for multifunctional crawler cranes, increase in mining operations, the emergence of manufacturing companies, rising infrastructure developments, rising construction activities, and improvement of road networks.
The key trends propelling the industry forward are the features of the machines like cost-effectiveness and dependability, and various technological advancements.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.
Based on capacity, the market is divided into below 50 tons, 50 to 100 tons, 101 to 150 tons, 151 to 200 tons, 201 to 250 tons, 251 to 300 tons, 301 to 350 tons, 351 to 400 tons, and more than 400 tons.
The construction and mining segment is the dominant application in the industry.
The major players in the industry are Liebherr-International AG, Sennebogen Erich Holding GmbH & Co. KG, The Manitowoc Company, Inc., Link-Belt Cranes, L.P., LLLP, Kobe Steel, Ltd (Kobelco), Kato Works Co., Ltd., SANY Heavy Industry Co., Ltd., and Sumitomo Heavy Industries Construction Cranes Co., Ltd., and among others.
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