Asia Pacific (APAC) Knuckle Boom Crane Market (2025-2031) | Outlook, Companies, Share, Analysis, Growth, Revenue, Forecast, Industry, Size, Trends & Value

Asia Pacific (APAC) Knuckle Boom Crane Market Highlights

Report Name	Asia Pacific (APAC) Knuckle Boom Crane Market
Forecast period	2025-2031
CAGR	6%
Growing Sector	Construction

Topics Covered in the Asia Pacific (APAC) Knuckle Boom Crane Market Report

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.

Asia Pacific (APAC) Knuckle Boom Crane Market Synopsis

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.

Asia Pacific (APAC) Knuckle Boom Crane Industry: Leading Players

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.

Asia Pacific (APAC) Knuckle Boom Crane Market: Government Regulations

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.

Future Insights of the Market

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.

Market Segmentation by Type

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.

Market Segmentation by 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.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific (APAC) Knuckle Boom Crane Market Outlook
• Market Size of Asia Pacific (APAC) Knuckle Boom Crane Market, 2024
• Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market, 2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Revenues & Volume for the Period 2021-2031
• Asia Pacific (APAC) Knuckle Boom Crane Market Trend Evolution
• Asia Pacific (APAC) Knuckle Boom Crane Market Drivers and Challenges
• Asia Pacific (APAC) Knuckle Boom Crane Price Trends
• Asia Pacific (APAC) Knuckle Boom Crane Porter's Five Forces
• Asia Pacific (APAC) Knuckle Boom Crane Industry Life Cycle
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Small Boom Range for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Medium Boom Range for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Large Boom Range for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Transport for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Marine for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Mining for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Large Boom Range for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Forestry & Others for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Countries for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By China for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By India for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Japan for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Australia for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Malaysia for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Philippines for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Indonesia for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By South Korea for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Cambodia for the Period 2021-2031
• Historical Data and Forecast of Asia Pacific (APAC) Knuckle Boom Crane Market Revenues & Volume By Myanmar & Rest of Asia Pacific for the Period 2021-2031
• Asia Pacific (APAC) Knuckle Boom Crane Market- Key Performance Indicators
• Asia Pacific (APAC) Knuckle Boom Crane Market- Import Export Trade Statistics
• Asia Pacific (APAC) Knuckle Boom Crane Market- Opportunity Assessment By Countries
• Asia Pacific (APAC) Knuckle Boom Crane Market- Opportunity Assessment By Types
• Asia Pacific (APAC) Knuckle Boom Crane Market- Opportunity Assessment By Application
• Asia Pacific (APAC) Knuckle Boom Crane Market- Opportunity Assessment By
• Asia Pacific (APAC) Knuckle Boom Crane Market- Top Companies Market Share
• Asia Pacific (APAC) Knuckle Boom Crane Market- Top Companies Profiles
• Asia Pacific (APAC) Knuckle Boom Crane Market- Comparison of Players in Technical and Operating Parameters
• Asia Pacific (APAC) Knuckle Boom Crane Market- Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Type

• Small Boom Range
• Medium Boom Range
• Large Boom Range

By Applications

• Construction
• Transport
• Marine
• Mining
• Forestry
• Others

By Countries

• India
• China
• Japan
• Malaysia
• Thailand
• Singapore
• Indonesia
• Vietnam
• South Korea