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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Crane Market Size
The Vietnam crane market is projected to grow at a CAGR of 4.8% between 2024 and 2032. The market growth can be attributed to the robust growth of the mining and construction sectors.
| Vietnam Crane Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.8% |
| CAGR 2024-2032 - Market by Region | Red River Delta | 5.3% |
| CAGR 2024-2032 - Market by Region | Mekong River Delta | 4.6% |
| CAGR 2024-2032 - Market by Mobility | Mobile | 5.5% |
| CAGR 2024-2032 - Market by Sales Channel | OEM | 5.2% |
| Market Share by Region | Red River Delta | 23.7% |
Vietnam Crane Market Outlook
- In 2021, 647 mining and quarrying organisations were established, and active enterprises in the mining and quarrying sectors witnessed a y-o-y growth of 3%, reaching 5,416 in the same year.
- In May 2024, two STS and three RTG cranes were delivered to Chu Lai International Port in Vietnam.
- In November 2023, Sarens, a renowned provider of crane rental, heavy lift, and engineered transportation services, partnered with Dae Ah to oversee the upkeep of Hyosung's chemical plant located in Phu My, Ba Ria-Vung Tau, Vietnam.
Vietnam 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
The market is estimated to grow at a CAGR of 4.8% between 2024 and 2032.
The market is being driven by rapid urbanisation and rising demand for mining and extraction activities.
The key trends aiding the crane market in Vietnam include technological advancements and port and logistics development.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The major market segmentations based on mobility include static and mobile.
The major players in the market are Tadano Ltd., XCMG Construction Machinery Co Ltd., SANY Group, Zoomlion Heavy Industry Sci & Tch Co Ltd., The Manitowoc Company, Inc., and Sumitomo Heavy Industries Construction Cranes Co., among others.
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124