Market Forecast By Types (Small Boom Range, Medium Boom Range, Large Boom Range), By Applications (Construction, Transport, Marine, Mining, Forestry & Others), By Countries (China, India, Japan, Australia, Malaysia, Philippines, Indonesia, South Korea, Cambodia, Myanmar & Rest of Asia Pacific) And Competitive Landscape
Product Code: ETC002462 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 180 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific (APAC) Knuckle Boom Crane Market |
Forecast period | 2025-2031 |
CAGR | 6% |
Growing Sector | Construction |
The Asia Pacific (APAC) Knuckle Boom Crane Market report thoroughly covers the market by Type, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) Knuckle Boom Crane Market has witnessed growth in recent years and will continue to grow in the coming years. This growth of the market is due to the growing industries across the regions, government measures towards development, and improving the economic conditions of the countries.
According to 6Wresearch, the Asia Pacific (APAC) Knuckle Boom Crane Market size is expected to grow at a significant CAGR of 6% during 2025-2031. The rapid industrialization and urbanization in countries like China, India, Japan, and South Korea are major factors driving the growth of this market. The construction, mining, and oil & gas industries in this region have witnessed significant growth, leading to an increased demand for heavy lifting equipment such as knuckle boom cranes. Furthermore, governments' initiatives towards infrastructure development in the region have also contributed to the growth of the knuckle boom crane market. Moreover, improving economic conditions and increasing disposable income in countries have resulted in a higher demand for residential and commercial construction projects. This has a positive impact on the market.
One major challenge is the stringent government regulations regarding safety standards for heavy lifting equipment. Another challenge faced by the Asia Pacific knuckle boom crane market is the high cost of these cranes. Furthermore, lack of skilled operators and technicians in developing countries also poses a challenge for the market's growth.
The APAC knuckle boom crane market is highly competitive with several players operating in the region. Some of the key players include Palfinger AG, Hiab (Cargotec Corporation), Fassi Gru S.p.A., XCMG Group, Kobelco Construction Machinery Co., Ltd., Manitex International, Inc., and Liebherr Group. These companies are constantly investing in research and development to enhance their product offerings and cater to the growing demand for knuckle boom cranes in the region.
One of the major government initiatives in the region is the implementation of infrastructure development projects. Governments across various countries in APAC are investing heavily in developing their transportation infrastructure, including roads, railways, and ports. Additionally, governments in the APAC region have also implemented various policies to support the growth of industries such as oil and gas, mining, and construction. Moreover, governments in APAC are also focusing on promoting sustainable development practices. This has led to an increasing adoption of eco-friendly and energy-efficient equipment like electric knuckle boom cranes.
The Asia Pacific (APAC) knuckle boom crane market is expected to experience steady growth in the coming years. The increasing demand for construction and infrastructure development projects in countries is a major driving factor for this growth. Additionally, the rising adoption of technology-driven solutions such as remote-controlled cranes and real-time monitoring systems is also contributing to the market's expansion. With growing concerns about safety and efficiency, there has been a shift towards electric-powered knuckle boom cranes in the region.
According to Ravi Bhandari, Research Head, 6Wresearch, the demand for small boom range cranes segment is increasing in the market due to their versatility and compact size, making them suitable for a variety of construction and transport applications.
In terms of applications, the construction sector holds the largest share of the APAC knuckle boom crane market. This can be attributed to the rapid urbanization and infrastructure development taking place in countries like China and India and the increasing use of advanced technology in construction activities.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Asia Pacific Knuckle Boom Crane Market Overview |
3.1. Asia Pacific Knuckle Boom Crane Market Revenues, 2021-2031F |
3.2. Asia Pacific Knuckle Boom Crane Market - Industry Life Cycle |
3.3. Asia Pacific Knuckle Boom Crane Market - Porter’s Five Forces |
3.4. Asia Pacific Knuckle Boom Crane Market Revenue Share, By Country, 2021&2031 |
4. Asia Pacific Knuckle Boom Crane Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Asia Pacific Knuckle Boom Crane Market Trends |
6. India Knuckle Boom Crane Market Overview |
6.1 India Knuckle Boom Crane Market Revenues, 2021-2031F |
6.2 India Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
6.2.1 India Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
6.2.2 India Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
6.2.3 India Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
6.3 India Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
6.3.1. India Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
6.3.2. India Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
6.3.3. India Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
6.3.4 India Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
6.3.5 India Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
6.3.6 India Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
7. China Knuckle Boom Crane Market Overview |
7.1 China Knuckle Boom Crane Market Revenues, 2021-2031F |
7.2 China Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
7.2.1 China Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
7.2.2 China Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
7.2.3 China Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
7.3 China Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
7.3.1. China Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
7.3.2. China Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
7.3.3. China Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
7.3.4 China Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
7.3.5 China Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
7.3.6 China Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
8. Japan Knuckle Boom Crane Market Overview |
8.1 Japan Knuckle Boom Crane Market Revenues, 2021-2031F |
8.2 Japan Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
8.2.1 Japan Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
8.2.2 Japan Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
8.2.3 Japan Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
8.3 Japan Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
8.3.1. Japan Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
8.3.2. Japan Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
8.3.3. Japan Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
8.3.4 Japan Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
8.3.5 Japan Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
8.3.6 Japan Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
9. South Korea Knuckle Boom Crane Market Overview |
9.1 South Korea Knuckle Boom Crane Market Revenues, 2021-2031F |
9.2 South Korea Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
9.2.1 South Korea Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
9.2.2 South Korea Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
9.2.3 South Korea Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
9.3 South Korea Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
9.3.1. South Korea Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
9.3.2. South Korea Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
9.3.3. South Korea Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
9.3.4 South Korea Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
9.3.5 South Korea Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
9.3.6 South Korea Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
10. Malaysia Knuckle Boom Crane Market Overview |
10.1 Malaysia Knuckle Boom Crane Market Revenues, 2021-2031F |
10.2 Malaysia Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
10.2.1 Malaysia Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
10.2.2 Malaysia Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
10.2.3 Malaysia Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
10.3 Malaysia Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
10.3.1. Malaysia Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
10.3.2. Malaysia Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
10.3.3. Malaysia Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
10.3.4 Malaysia Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
10.3.5 Malaysia Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
10.3.6 Malaysia Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
11. Thailand Knuckle Boom Crane Market Overview |
11.1 Thailand Knuckle Boom Crane Market Revenues, 2021-2031F |
11.2 Thailand Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
11.2.1 Thailand Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
11.2.2 Thailand Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
11.2.3 Thailand Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
11.3 Thailand Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
11.3.1. Thailand Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
11.3.2. Thailand Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
11.3.3. Thailand Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
11.3.4 Thailand Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
11.3.5 Thailand Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
11.3.6 Thailand Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
12. Singapore Knuckle Boom Crane Market Overview |
12.1 Singapore Knuckle Boom Crane Market Revenues, 2021-2031F |
12.2 Singapore Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
12.2.1 Singapore Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
12.2.2 Singapore Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
12.2.3 Singapore Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
12.3 Singapore Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
12.3.1. Singapore Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
12.3.2. Singapore Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
12.3.3. Singapore Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
12.3.4 Singapore Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
12.3.5 Singapore Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
12.3.6 Singapore Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
13. Indonesia Knuckle Boom Crane Market Overview |
13.1 Indonesia Knuckle Boom Crane Market Revenues, 2021-2031F |
13.2 Indonesia Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
13.2.1 Indonesia Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
13.2.2 Indonesia Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
13.2.3 Indonesia Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
13.3 Indonesia Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
13.3.1. Indonesia Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
13.3.2. Indonesia Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
13.3.3. Indonesia Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
13.3.4 Indonesia Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
13.3.5 Indonesia Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
13.3.6 Indonesia Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
14. Vietnam Knuckle Boom Crane Market Overview |
14.1 Vietnam Knuckle Boom Crane Market Revenues, 2021-2031F |
14.2 Vietnam Knuckle Boom Crane Market Revenues, By Types, 2021-2031F |
14.2.1 Vietnam Knuckle Boom Crane Market Revenues, By Small Boom Range, 2021-2031F |
14.2.2 Vietnam Knuckle Boom Crane Market Revenues, By Medium Boom Range, 2021-2031F |
14.2.3 Vietnam Knuckle Boom Crane Market Revenues, By Large Boom Range, 2021-2031F |
14.3 Vietnam Knuckle Boom Crane Market Revenues, By Applications, 2021-2031F |
14.3.1. Vietnam Knuckle Boom Crane Market Revenues & Volume, By Construction, 2021-2031F |
14.3.2. Vietnam Knuckle Boom Crane Market Revenues & Volume, By Transport, 2021-2031F |
14.3.3. Vietnam Knuckle Boom Crane Market Revenues & Volume, By Mining, 2021-2031F |
14.3.4 Vietnam Knuckle Boom Crane Market Revenues & Volume, By Marine, 2021-2031F |
14.3.5 Vietnam Knuckle Boom Crane Market Revenues & Volume, By Forestry, 2021-2031F |
14.3.6 Vietnam Knuckle Boom Crane Market Revenues & Volume, By Others, 2021-2031F |
15. Asia Pacific Knuckle Boom Crane Market - Key Performance Indicators |
16. Asia Pacific Knuckle Boom Crane Market - Opportunity Assessment |
16.1. Asia Pacific Knuckle Boom Crane Market Opportunity Assessment, By Countries, 2031F |
17. Asia Pacific Knuckle Boom Crane Market Competitive Landscape |
17.1. Asia Pacific Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.1 India Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.2 China Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.3 Japan Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.4 Thailand Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.5 Malaysia Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.6 Singapore Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.7 South Korea Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.8 Indonesia Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.1.9 Vietnam Knuckle Boom Crane Market Revenue Share, By Companies, 2024 |
17.2. Asia Pacific Knuckle Boom Crane Market Competitive Benchmarking, By Operating & Technical Parameters |
18. Company Profiles |
19. Key Recommendations |
20. Disclaimer |