Australia Cranes Market Outlook (2023-2029) | Analysis, Growth, Value, Share, Companies, Size, Revenue, Trends, Forecast, COVID-19 IMPACT & Industry

Australia Cranes Market | Country-Wise Share and Competition Analysis

In the year 2021, Ireland was the largest exporter in terms of value, followed by China. It has registered a growth of 148.72% over the previous year. While China registered a decline of -39.52% as compared to the previous year. In the year 2017, Malaysia was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1824 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1459 which signifies high competitiveness in the market.

Australia Cranes Market - Export Market OpportunitiesTopics Covered in the Australia Cranes Market

Australia Cranes Market report thoroughly covers the market by product type and by end user. The market outlook 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.

Australia Cranes Market Synopsis

Australia Cranes Market is an essential element of the country's construction industry, with demand continuously rising for new infrastructure projects such as commercial and residential complexes and transportation networks. The COVID-19 pandemic has undeniably had negative effects on the industry, however, with improvements in restrictions and overall economic recovery, more prospects for future growth are likely to arise. Technological advancements like automated cranes have also enabled greater efficiency and safety on job sites, while population expansion in urban centers increases the need for ambitious projects that require cranes.

According to 6Wresearch, the Australia Cranes Market is expected to grow steadily during the forecast period 2023-2029. There are a few emerging trends that present opportunities for Australia Cranes Market Growth. One such trend is the increasing adoption of advanced technology in crane manufacturing and operations. Technological advancements like telematics and IoT integration have improved efficiency and safety standards in crane operations. Moreover, as Australia focuses on infrastructure development and urbanization initiatives, there will be an increased demand for cranes to support these projects. This presents a significant opportunity for crane manufacturers and suppliers to expand their presence in the market. Additionally, renewable energy projects such as wind farms are gaining traction across Australia. These projects require heavy lifting equipment like cranes during installation processes.

COVID-19 Influence on the Australia Cranes Market

The COVID-19 pandemic has undoubtedly had a significant impact on the Australia cranes market share. The unprecedented crisis brought by the virus has caused disruptions in supply chains, delayed projects, and hindered overall growth in the industry. The restrictions imposed on construction activities due to social distancing measures pose a significant challenge to market growth. With limited manpower available at construction sites and increased safety protocols, project timelines have been extended, leading to delays in crane installations and operations. However, companies are exploring new technologies such as remote monitoring systems that allow crane operators to remotely control and monitor operations from a safe distance.

Key players in the Australia Cranes Market

The leading players in the Australia Cranes Market which is an integral part of the Asia Pacific Cranes Market offer a wide range of cranes, including mobile cranes, tower cranes, and crawler cranes. Some of them include;

• Liebherr Group
• Terex Corporation
• Tadano Ltd
• Kobelco Construction Machinery Co., Ltd
• Manitowoc Cranes
• Zoomlion Heavy Industry Science & Technology Co., Ltd
• Kato Works Co., Ltd
• Sany Group

The Future of the Australia Cranes Market

The future of the Australia cranes industry seems promising with the surging demand from industries such as construction, mining, and oil and gas. Additionally, government initiatives promoting infrastructure development and advances in technology such as automation and digitalization provide plenty of opportunities for manufacturers to tap into. Sustainability is also a major factor for businesses, with rising concerns over carbon footprints. Manufacturers providing energy-efficient solutions without compromising on performance could further open the door for growth in this sector.

Market Analysis by Product Types

According to Nitesh Kumar, Research Manager, 6Wresearch, mobile cranes are experiencing significant growth in the market on account of their versatility, ease of transportation, and suitability for a wide range of applications. Additionally, mobile cranes are often preferred for short-term projects that require frequent repositioning. Moreover, the demand for these cranes is expected to be driven by ongoing construction and infrastructure development activities in Australia.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Cranes Market Outlook
• Market Size of Australia Cranes Market, 2022
• Forecast of Australia Cranes Market, 2029
• Historical Data and Forecast of Australia Cranes Revenues & Volume for the Period 2019 - 2029
• Australia Cranes Market Trend Evolution
• Australia Cranes Market Drivers and Challenges
• Australia Cranes Price Trends
• Australia Cranes Porter's Five Forces
• Australia Cranes Industry Life Cycle
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Mobile for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Fixed for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Marine for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Construction for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Mining for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
• Historical Data and Forecast of Australia Cranes Market Revenues & Volume By Others for the Period 2019 - 2029
• Australia Cranes Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By End-User
• Australia Cranes Top Companies Market Share
• Australia Cranes Competitive Benchmarking By Technical and Operational Parameters
• Australia Cranes Company Profiles
• Australia Cranes Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Mobile
• Fixed
• Marine

By End-User

• Construction
• Mining
• Industrial
• Oil & Gas
• Others