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Asia Pacific Crane Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Asia Pacific crane market is expected to exhibit a CAGR of 6.18% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A crane is a type of construction machine that is used for lifting and transporting heavy loads. It consists of a hoist rope, wire ropes, and sheaves that assist in raising or lowering the loads and move them horizontally. Earlier, cranes were manually powered by workers and used pulleys and ropes to lift objects. Nowadays, advanced cranes utilize hydraulic and internal combustion engine systems, which provide greater lifting capabilities.

 

 
 

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The Asia Pacific crane market is primarily driven by increasing construction and infrastructural activities. Consequently, several countries, including China, India and Australia, are witnessing an escalated demand for cranes. The use of cranes across a wide range of industries like power, oil and gas, civil engineering, construction, and petrochemical is propelling the growth of the market. Besides this, the ongoing construction of smart cities in emerging regions, particularly in India and China, have also escalated the market growth. Apart from this, there have been developments in crane technologies are projected to positively impact the growth of the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific crane market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:

 

 
 

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  • Mobile Cranes
  • Marine and Port Cranes
  • Fixed Cranes
     

Breakup by Application:

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

Breakup by Country:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Asia Pacific Crane Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Mobile Cranes
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Marine and Port Cranes
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Fixed Cranes
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Construction and Infrastructure
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Mining
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Oil and Gas
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Country
    8.1    China
        8.1.1 Market Trends
        8.1.2 Market Breakup by Product Type
        8.1.3 Market Breakup by Application
        8.1.4 Market Forecast
    8.2    Japan
        8.2.1 Market Trends
        8.2.2 Market Breakup by Product Type
        8.2.3 Market Breakup by Application
        8.2.4 Market Forecast
    8.3    India
        8.3.1 Market Trends
        8.3.2 Market Breakup by Product Type
        8.3.3 Market Breakup by Application
        8.3.4 Market Forecast
    8.4    South Korea
        8.4.1 Market Trends
        8.4.2 Market Breakup by Product Type
        8.4.3 Market Breakup by Application
        8.4.4 Market Forecast
    8.5    Australia
        8.5.1 Market Trends
        8.5.2 Market Breakup by Product Type
        8.5.3 Market Breakup by Application
        8.5.4 Market Forecast
    8.6    Indonesia
        8.6.1 Market Trends
        8.6.2 Market Breakup by Product Type
        8.6.3 Market Breakup by Application
        8.6.4 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Breakup by Product Type
        8.7.3 Market Breakup by Application
        8.7.4 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Policy and Regulatory Landscape
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: Asia Pacific: Crane Market: Major Drivers and Challenges
Figure 2: Asia Pacific: Crane Market: Sales Value (in Million US$), 2016-2021
Figure 3: Asia Pacific: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Asia Pacific: Crane Market: Breakup by Product Type (in %), 2021
Figure 5: Asia Pacific: Crane Market: Breakup by Application (in %), 2021
Figure 6: Asia Pacific: Crane Market: Breakup by Country (in %), 2021
Figure 7: Asia Pacific: Crane (Mobile Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Asia Pacific: Crane (Mobile Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Asia Pacific: Crane (Marine and Port Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Asia Pacific: Crane (Marine and Port Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Asia Pacific: Crane (Fixed Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Asia Pacific: Crane (Fixed Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Asia Pacific: Crane (Construction and Infrastructure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Asia Pacific: Crane (Construction and Infrastructure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Asia Pacific: Crane (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Asia Pacific: Crane (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Asia Pacific: Crane (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Asia Pacific: Crane (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Asia Pacific: Crane (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Asia Pacific: Crane (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: China: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: China: Crane Market: Breakup by Product Type (in %), 2021
Figure 23: China: Crane Market: Breakup by Application (in %), 2021
Figure 24: China: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Japan: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Japan: Crane Market: Breakup by Product Type (in %), 2021
Figure 27: Japan: Crane Market: Breakup by Application (in %), 2021
Figure 28: Japan: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Crane Market: Breakup by Product Type (in %), 2021
Figure 31: India: Crane Market: Breakup by Application (in %), 2021
Figure 32: India: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: South Korea: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: South Korea: Crane Market: Breakup by Product Type (in %), 2021
Figure 35: South Korea: Crane Market: Breakup by Application (in %), 2021
Figure 36: South Korea: Crane Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 37: Australia: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Australia: Crane Market: Breakup by Product Type (in %), 2021
Figure 39: Australia: Crane Market: Breakup by Application (in %), 2021
Figure 40: Australia: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Crane Market: Breakup by Product Type (in %), 2021
Figure 43: Indonesia: Crane Market: Breakup by Application (in %), 2021
Figure 44: Indonesia: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia Pacific: Crane Industry: SWOT Analysis
Figure 48: Asia Pacific: Crane Industry: Value Chain Analysis
Figure 49: Asia Pacific: Crane Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Asia Pacific: Crane Market: Key Industry Highlights, 2021 and 2027
Table 2: Asia Pacific: Crane Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Asia Pacific: Crane Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Asia Pacific: Crane Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 5: Asia Pacific: Crane Market: Competitive Structure
Table 6: Asia Pacific: Crane Market: Key Players


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Key Questions Answered in This Report

The Asia Pacific crane market was valued at US$ 20.43 Billion in 2021.

We expect the Asia Pacific crane market to exhibit a CAGR of 6.18% during 2022-2027.

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.

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