Crawler Cranes Market: Sales Crossing US$ 3,400 Mn by end of 2018

Posted on 2019-06-25 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jun-25 — /EPR Network/ —

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).

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The competition spectrum of crawler cranes resembles consolidated landscape with several big ticket players dominating the market. Ample resource allocation towards portfolio diversification besides investing in inorganic strategies such as acquisitions and mergers have remained tactical business decisions undertaken by key vendors. Additionally, geographical expansion across emerging economies such as APAC tops the list. To cite an instance, Zoomlion Hheavy Industry Science and Technology Co Ltd. recently bagged a contract to provide crawler cranes for an upcoming expressway in Djakarta. Additionaly, Liebherr International AG is also envisioned to expand its presence in India with facility expansion to provide competent high value crawler cranes, aiming to aid construction infrastructure in the region.

To mitigate persistent challenges such as lack of skilled labor which results in low efficiency and time consumption, adoption of advanced technologies such as VR is likely to become a dominant trend in crawler cranes market, allowing 3D viewing and real-time data generation. Factors as such are likley to bolster high values growth in crawler cranes market.

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.

Competitive Landscape

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.

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