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United States Crane Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A2962
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Market Overview:
The United States crane market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.87% during 2023-2028.
A crane is a construction machine that is employed to move the loads. It is equipped with a hoist rope, wire rope and sheaves, which help to lift and transport heavy loads from one location to another. Cranes have the capability of coordinating simple systems to attain complex lifting tasks. Nowadays, advanced cranes utilize hydraulic and internal combustion engine systems, which provide greater lifting capabilities.
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.
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The United States crane market is primarily driven by a significant rise in spending on the infrastructure sector across the country. Besides this, various oil and gas facilities are upgrading plant equipment to improve overall plant efficiency. This has increased the adoption of superior-quality cranes. Additionally, the crane market is expected to grow at a high rate as most companies in the country are working toward cost efficacy to meet the essential expenses. The market is further propelled by the escalating use of cranes in several end use industries like mining, automobile, and oil and gas. Moreover, crane manufacturers are introducing technologically advanced equipment that enables construction companies to gather real-time information about equipment performance.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States crane market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
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.
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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 Region:
- Northeast
- Midwest
- South
- West
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 | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Application, Region |
| Region Covered | Northeast, Midwest, South, West |
| 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) |
The United States crane market was valued at US$ 5.9 Billion in 2022.
We expect the United States crane market to exhibit a CAGR of 3.87% during 2023-2028.
The introduction of advanced cranes, that utilize hydraulic and internal combustion engine systems to provide greater lifting capabilities, is primarily driving the United States crane market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary halt in various construction activities, thereby negatively impacting the overall demand for cranes.
Based on the product type, the United States 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 United States 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 Northeast, Midwest, South, and West, where South currently dominates the market.
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