Asia Pacific 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 Country 2024-2032

Asia Pacific 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 Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2968
Buy Now

Market Overview:

The Asia Pacific crane market size reached US$ 22.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 38 Billion by 2032, exhibiting a growth rate (CAGR) of 5.95% during 2024-2032. Significant growth in the construction industry, the growing installation of wind turbines and solar panels across the region and the increasing rate of oil and gas exploration activity represent some of the key factors driving the market. 

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 22.9 Billion
Market Forecast in 2032
US$ 38 Billion
Market Growth Rate 2024-2032 5.95%


A crane is a mechanical lifting equipment that is widely utilized for carrying and lifting heavy machines and materials. It is mainly equipped with a winder, wire ropes and sheaves that assist in carrying heavy weight loads in an efficient and easy manner. Additionally, it comprises a lever, hydraulic cylinder and pulley that help in balancing, lifting and supporting the weights. Besides this, cranes may feature advanced control systems and safety features, such as load moment indicators, anti-collision systems, remote operation capabilities, and emergency stop mechanisms, which contribute to safe and efficient crane operation. It is also equipped with outriggers that provide stability to the crane during lifting operations. Some of the popular crane variants include truck-mounted, hammerhead, rough terrain, and level luffing. It is extensively adopted across multiple industrial verticals and is available in various forms across the Asia Pacific region that differ on the basis of size and carrying capacity.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Asia Pacific Crane Market Trends: 

The market in the Asia Pacific region is majorly driven by the significant growth in the construction industry. Coupled with the rising investments by public and private firms in infrastructural development projects and reconstruction and redesigning activities, this is providing a boost to the market. Additionally, the flourishing oil and gas sector is another significant driver in the crane market as cranes are essential for activities, such as drilling, pipeline construction, rigging, and maintenance in oil and gas exploration and production. Moreover, the shift toward renewable energy sources, including wind and solar power, is augmenting the uptake of cranes. Since installing wind turbines, solar panels, and other renewable energy infrastructure requires heavy lifting and precise positioning, this is significantly supporting the need for cranes across the region. Along with this, cranes are extensively used in manufacturing and industrial operations for material handling, assembly, and maintenance tasks. Industries, including automotive, aerospace, steel, and shipbuilding, heavily rely on cranes for efficient and safe operations, which is providing an impetus to the market. Other factors, including rapid urbanization and industrialization, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the demand across the Asia Pacific region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific crane market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type and application.

Product Type Insights: 

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Mobile Cranes
  • Marine and Port Cranes
  • Fixed Cranes
     

The report has provided a detailed breakup and analysis of the Asia Pacific crane market based on the product type. This includes mobile cranes, marine and port cranes and fixed cranes. According to the report, mobile cranes exhibit a clear dominance in the market.

Application Insights: 

  • Construction and Infrastructure
  • Mining
  • Oil and Gas
  • Others
     

A detailed breakup and analysis of the Asia Pacific crane market based on the application has also been provided in the report. This includes construction and infrastructure, mining, oil and gas and others. According to the report, construction and infrastructure application represented the largest segment. 

Country Insights: 

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
     

The report has also provided a comprehensive analysis of all the major regional markets, which include China, Japan, India, South Korea, Australia, Indonesia, and others. According to the report, China was the largest market for Asia Pacific crane. Some of the factors driving the China crane market included continual technological advancements, extensive research and development (R&D) activities, rapid industrialization, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the Asia Pacific crane market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Country
Countries Covered China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Asia Pacific crane market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the Asia Pacific crane market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets. 
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Asia Pacific crane industry and its attractiveness. 
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market. 

Key Questions Answered in This Report

The Asia Pacific crane market was valued at US$ 22.9 Billion in 2023.

We expect the Asia Pacific crane market to exhibit a CAGR of 5.95% during 2024-2032.

The introduction of advanced cranes, that utilize hydraulic and internal combustion engine systems to provide greater lifting capabilities, is primarily driving the Asia Pacific crane market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations resulting in temporary halt in construction and infrastructural activities, thereby negatively impacting the crane market.

Based on the product type, the Asia Pacific crane market has been segmented into mobile cranes, marine and port cranes, and fixed cranes. Currently, mobile cranes represent the largest market share.

Based on the application, the Asia Pacific crane market can be bifurcated into construction and infrastructure, mining, oil and gas, and others. Among these, the construction and infrastructure sector currently accounts for the majority of the total market share.

On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and Others, where China currently dominates the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Asia Pacific 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 Country 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More