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Global Mini Cranes Market - Overview
The global mini cranes market size was valued at USD 800 million in 2033 and is expected to reach USD 2,560 million by 2033, growing at a CAGR of 6.9% during the forecast period. The market witnessed growth during the previous forecast period at a CAGR of 4.3% during 2018 to 2021. Mini cranes are mobile cranes with a safe working load of up to 5 tons. They are: Generally less complex to operate than mobile cranes. Designed to lift significantly lighter loads and also happen to be smaller in size.
Report Scope
Report Attributes | Description |
Market Size in 2022 (Value) | USD 800 million |
Market Forecast in 2033 (Value) | USD 2,560 million |
CAGR % 2023-2033 | 4.3% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, capacity and operation |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | UNIC Cranes, Maeda Seisakusho Co., Ltd., Jekko SRL, Henan Spt Machinery Equipment Co., Ltd., and XCMG Group |
The growth in the population is demanding the growth in the constructional for living and this is resulting in the growing construction of residential areas around the globe and this factor is estimated to have an immense positive impact on the growth of the market during the forecast period. Apart from this, the increasing construction of work spaces around the globe is also boosting the growth of the market during the forecast period. Apart from this, the growth in the road construction activities is also estimated to foster the growth of the market during the forecast period. The growth in the number of smart cities around the globe is also bearing a positive impact on the growth of the mini cranes market as these cranes are used in all the above mentioned construction activities.
Global Mini Cranes Market - Market Trends
The growth in the population is demanding the growth in the constructional for living and this is resulting in the growing construction of residential areas around the globe and this factor is estimated to have an immense positive impact on the growth of the market during the forecast period.
Apart from this, the growth in the road construction activities is also estimated to foster the growth of the market during the forecast period.
The growth in the number of smart cities around the globe is also bearing a positive impact on the growth of the mini cranes market as these cranes are used in all the above mentioned construction activities.
Global Mini Cranes Market Segmentation
The global mini cranes market is segmented on the basis of lifting capacity, by type and by operation. The demand for battery-operated mini cranes can vary depending on a variety of factors such as industry trends, technological advancements, and customer needs. However, in general, there has been an increasing demand for battery-operated mini cranes in recent years due to their versatility, maneuverability, and ability to work in areas where larger cranes cannot access.
Some industries where battery-operated mini cranes are commonly used include construction, manufacturing, warehousing, and logistics. These cranes can be used for a variety of tasks such as lifting and moving heavy objects, transporting materials, and positioning equipment.
The rise of e-commerce and the need for efficient and quick order fulfillment has also increased the demand for battery-operated mini cranes in warehouses and distribution centers. These cranes can help speed up the process of moving and organizing goods, resulting in improved productivity and reduced labor costs.
Overall, the demand for battery-operated mini cranes is likely to continue growing as industries seek more efficient and flexible solutions for their lifting and material handling needs.
Mini spider cranes are compact and versatile cranes that are often used in industries such as construction, manufacturing, and facilities management. There are several trends that are currently driving the use of mini spider cranes:
Increased demand for compact lifting equipment: As urbanization and population growth continue, there is a growing need for lifting equipment that can operate in tight and confined spaces. Mini spider cranes are compact and can easily maneuver in narrow spaces, making them a popular choice for urban construction sites.
Technological advancements: The development of new technologies such as wireless remote control systems and real-time load monitoring sensors have made mini spider cranes more efficient and safer to use.
Increased safety requirements: There is an increasing emphasis on safety in the workplace, particularly in the construction industry. Mini spider cranes are designed with safety in mind, with features such as overload protection, stability sensors, and automatic shut-off systems.
Sustainability: Many companies are now prioritizing sustainability in their operations, and mini spider cranes can help in this regard by being electrically powered and emitting zero emissions, making them an environmentally-friendly option.
Increased use in specialized industries: Mini spider cranes are increasingly being used in specialized industries such as glass installation, steel erection, and power plant maintenance, where their compact size and versatility make them an ideal choice.
Global Mini Cranes Market Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
The use of mini cranes in Vietnam has been steadily growing over the years, with a number of trends shaping the market. Here are some of the key trends in Vietnam's mini crane market:
Growing demand in the construction industry: Vietnam's construction industry is booming, with many infrastructure projects underway. Mini cranes are ideal for use in construction sites where space is limited, making them a popular choice for builders.
Increasing focus on safety: There is a growing emphasis on safety in the workplace, particularly in the construction industry. Mini cranes are designed with safety features such as overload protection, stability sensors, and automatic shut-off systems, making them a safer option for lifting and moving heavy objects.
Advancements in technology: The development of new technologies, such as wireless remote control systems and real-time load monitoring sensors, has made mini cranes more efficient and easier to operate. This has helped to increase their popularity in Vietnam's fast-paced construction industry.
Sustainability: Many companies in Vietnam are prioritizing sustainability in their operations. Mini cranes can help in this regard by being electrically powered and emitting zero emissions, making them an environmentally-friendly option.
Growing demand for rental services: Many construction companies in Vietnam prefer to rent mini cranes rather than buy them, as it allows them to access the equipment they need without committing to a large upfront investment. This has led to the growth of rental services for mini cranes in Vietnam.
Overall, these trends are likely to continue driving the use of mini cranes in Vietnam's construction industry, as companies seek more efficient, safe, and sustainable solutions for their lifting and material handling needs.
Global Mini Cranes Market Key Market players Strategies
The mini crane market is led by several prominent companies, each with its own unique strategies for success. Here are some of the strategies used by the leading mini crane companies:
Expanding product lines: Leading mini crane companies are expanding their product lines to meet the diverse needs of different industries and applications. They are introducing new models with different features, capacities, and designs to appeal to a wider range of customers.
Focus on quality and reliability: These companies are placing a strong emphasis on quality and reliability, ensuring that their mini cranes are built to the highest standards and meet the specific needs of customers. This includes incorporating advanced safety features, such as overload protection and stability sensors, to ensure safe and efficient operation.
Strong distribution networks: Leading mini crane companies have established strong distribution networks that enable them to reach customers across different regions and markets. They are partnering with local dealers and distributors to provide fast and efficient delivery, as well as after-sales service and support.
Technological advancements: These companies are investing in the latest technologies to improve the performance, efficiency, and safety of their mini cranes. They are incorporating features such as wireless remote control systems, real-time load monitoring sensors, and advanced stability systems to provide a superior user experience.
Sustainable practices: Leading mini crane companies are also adopting sustainable practices to reduce their environmental impact and meet the growing demand for eco-friendly solutions. They are developing electric and hybrid mini cranes that emit zero emissions, as well as using eco-friendly materials in their manufacturing processes.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2018-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
Based on Lifting Capacity, the market is segmented into
Up to 1 Ton
1 to 1.8 Ton
2 to 2.4 Ton
2.5 to 4.9 Ton
5 to 10 Ton
11 to 22 Ton
Based on market type, the market is segmented into
Spider Cranes
Crawler Cranes
o Articulated
o Telescopic
Telescopic Pick and Carry Cranes
Based on operation, the market is segmented into
Fuel Operated
Battery Operated
Companies
UNIC Cranes
Maeda Seisakusho Co., Ltd.
Jekko SRL
Henan Spt Machinery Equipment Co., Ltd.
XCMG Group
Others
By Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
South America
o Brazil
o Argentina
o Chile
o Rest of South America
Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA
