Australia Crane Market (2020-2026) | Trends, Industry, Share, Analysis, Outlook, Size, Forecast, Companies, Value, COVID-19 IMPACT, Growth & Revenue

Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction) and Competitive Landscape

Product Code: ETC002209	Publication Date: Apr 2020	Updated Date: Aug 2023	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Australia Crane Market Shipment Analysis

Australia Crane Market registered a decline of -3.08% in value shipments in 2022 as compared to 2021 and an increase of 5.53% CAGR in 2022 over a period of 2017. In Crane Market Australia is becoming less competitive as HHI index in 2022 was 1895 while in 2017 it was 1824. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

Australia has reportedly relied more on imports to meet its growing demand in Crane Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Crane Market in 2022 was 3.4 while in 2017 it was 2.02. China, Germany, Malaysia, Japan and Italy were among the top players of the market in 2022, where China acquired the largest market share of 27.84% with a shipment value of 26.58 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 Malaysia had the largest market share of 31.85% with the shipment value of 22.72 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Malaysia offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Australia Crane Market in 2017.

Australia crane market is expected to witness substantial growth primarily due to rising investment by foreign companies, increasing population in urban areas, a growing number of residential housing units as well as developing commercial infrastructure in the country over the coming years. However, the Australia economy has witnessed a slowdown in the first three quarters of 2020, due to the outbreak of the COVID-19 pandemic. Though the economic scenario in Australia is expected to recover steadily in the next few years, the crane market in Australia is also likely to recover gradually over the years to come.

According to 6Wresearch, the Australia Crane Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to increasing government focus on construction activities such as the construction of new offices, schools, hospitals, commercial complexes, and malls. Additionally, rapid industrialization and an increasing number of civil projects as well as the growing transportation sector will further boost the demand for the crane market in Australia during the forecast period.

In terms of regions, Sydney and Melbourne's regions lead the overall crane market in Australia as a result of the rising deployment of cranes in construction sites. Additionally, in terms of crane type, the mobile crane dominates the overall Australia crane market due to rising industrialization and construction projects in the country. Further, the industrial and commercial application is the key revenue-generating segment in the Australia crane market.

The Australia crane market report thoroughly covers the market by types, applications, and regions. Australia's crane market outlook report provides an unbiased and detailed analysis of the on-going Australia crane market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Australia Crane Market is anticipated to register sound revenues in the upcoming six years on the back of the potential growth of the shipping & port industry where cranes are evolving as an easy task to carry freight a large scale and are anticipated to leave a positive impact over the Australia crane machine market during the forecast period. Additionally, on the basis of product, mobile cranes are expected to dominate the overall market owing to extensive flexibility and easy entrance in a small area and limited space such as the construction of an office building or residential buildings which is expected to foster the demand for the Australia crane market in the coming years and open vast new avenues for the potential investors of the market to seek exponential and promising future business growth in the coming years.

Key Highlights of the Report:

Australia Crane Market Overview
Australia Crane Market Outlook
Australia Crane Market Forecast
Historical Data of Australia Crane Market Revenues & Volume for the Period 2016-2019.
Australia Crane Market Size and Australia Crane Market Forecast of Revenues and Volume, Until 2026.
Historical Data of Australia Crane Market Revenues and Volume, By Applications, for the Period 2016-2019
Market Size & Forecast of Australia Crane Market Revenues and Volume, By Applications, Until 2026
Historical Data of Australia Crane Market Revenues and Volume, By Types, for the Period 2016-2019
Market Size & Forecast of Australia Crane Market Revenues and Volume, By Types, Until 2026
Historical Data of Australia Crane Market Revenues and Volume, By Regions, for the Period 2016-2019
Market Size & Forecast of Australia Crane Market Revenues and Volume, By Regions, Until 2026
Market Drivers and Restraints
Australia Crane Market Trends and Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Australia Crane Market Share, By Players
Australia Crane Market Share, By Regions
Australia Crane Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations