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The latest report by IMARC Group, titled “Crane Market Report by Product Type (Mobile Cranes, Marine and Port Cranes, Fixed Cranes), Application (Construction and Infrastructure, Mining, Oil and Gas, and Others), and Region 2025-2033,” offers a comprehensive analysis of the global crane market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Crane Market?
The global crane market size reached USD 53.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 77.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3.82% during 2025-2033.
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Global Crane Market Dynamics:
Thriving Construction & Infrastructure Sector:
The significant increase in construction activities and the infrastructure market is driving the growth of the global crane market. The Global Crane attachment market report further analyzes the construction and infrastructure sector expanding urbanization, more spending on building roads, bridges, airports, and skyscrapers and more spending on providing these cities with gears and tools have also increased in demand for cranes. These machines assist workers in lifting and transporting heavy items and equipment, which makes them necessary for almost all the building activities in nearly all industries.
Rise of Renewable Energy & Industrial Projects:
Another supporting factor of the crane market is the growth of the wind and solar power, which is among the rapidly growing renewable energy sector. The great wind turbine that is fitted into the tower cranes and solar farms requires special cranes to assemble large parts such as wind turbine blades and solar panels. Additionally, the increasing number of industrial projects, which include manufacturing facilities, refineries, and electrical plants, also have a demand for cranes for all kinds of operations, maintenance, and material handling.
Technological Advancements & Automation:
Technological progress is turning the crane market upside down, as it witnesses the enhancement of efficiency, safety, and productivity on all levels. The use of modern technologies such as telematics, remote controlled cranes, and artificial intelligence (AI) is making loading and lifting operations more accurate and productive. Also, the use of automated cranes is on the rise improving safety, lowering wages, and improving efficiency.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/crane-market
Crane Market Trends:
The crane market is witnessing several key trends that are shaping its future. The first trend is the increased awareness of climate issues and the pursuit of cleaner cranes in regard to their design and emissions. This, in turn, leads to new fuel efficient models being developed. The second trend is the need for customized solutions, which leads to forklift suppliers offering a wider assortment of specialized cranes for different users. A third trend gaining momentum is the construction of suitable safety and operator training for the cranes, as both manufacturers and trade associations enforce safety practices and enhance training programs to prevent accidents. The last trend is marked by the use of digital technologies which enable predictive maintenance, real time vehicle monitoring, and better data analysis and therefore more efficient garners.
Crane Market Report Segmentation:
Breakup By Product Type:
Methanol accounts for the majority of shares due to its rising demand as a cleaner fuel alternative, which enhances the operational efficiency of cranes in various industries.
Breakup By Application:
Construction and infrastructure accounts for the majority of shares due to the continuous growth in urban development projects and the increasing need for heavy lifting equipment in large-scale construction activities.
Breakup By Region:
Asia Pacific holds the leading position owing to the rapid pace of infrastructure development and urbanization occurring in the region.
Top Crane Market Leaders:
The crane market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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