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: ETC002119 | Publication Date: Apr 2020 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
China Crane market currently, in 2023, has witnessed an HHI of 5889, Which has increased substantially as compared to the HHI of 1134 in 2017. The market is moving towards concentrated. 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 fewer numbers of players or countries exporting in the market.
Report Name | China Crane MarketΒ |
Forecast period | 2024-2030 |
CAGR | 3.21% |
Growing Sector | Construction |
The China Crane Market Report thoroughly covers the market by Types and Applications. The China Crane Market Outlook report provides an unbiased and detailed analysis of the ongoing China Crane market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The China Crane market is expected to witness significant growth. This growth is propelled by the increased demand in industrial applications, marine and offshore, mining and excavation, and construction sector.
According to 6Wresearch, the China Crane Market size is projected to grow at a CAGR of 3.21% during 2024-2030. The growth factors for the market include rapid urbanization, an increase in construction activities, and improved infrastructure. The focus on enhancing operational efficiency, safety measures, and technological advancement of cranes is a significant driver for China Crane market.
Despite the growing demand for Cranes in China, the market faces several challenges such as addressing infrastructure gaps, urbanization challenges, mega construction projects, transportation needs, and urban planning requirements to support the growth demands for cranes in building high-rise structures, bridges, railways, and industrial facilities across China.
The China Crane Market is experiencing significant growth, with key players like Zoomlion, XCMG, Sany Heavy Industry, and others. These industry leaders are recognized for their technologically advanced and robust crane manufacturing capabilities. They focus on innovative designs and customer-centric strategies to strengthen their market positions.
The Chinese government offers investment incentives, infrastructure development projects, public-private partnerships, and construction stimulus plans to support the growth of the crane industry, enhance transportation networks, urban infrastructure, and industrial facilities across the country. Government-led training programs, vocational education initiatives, talent development schemes, and skills upgrading opportunities aim to address workforce shortages, improve technical expertise, enhance operator proficiency, and build a skilled labor force capable of meeting the demands of the crane industry in China.
The crane market in China is expected to witness substantial growth, with forecasts indicating a significant increase in market size and adoption rates. Projections suggest that the market share of cranes is set to grow substantially, reflecting robust expansion and investment in crane technologies. As the market expands, there will be a continued focus on technological innovation and adoption of energy-efficient cranes. Companies in China will leverage these technologies to drive crane manufacturing initiatives, enhance operational efficiency, and deliver personalized experiences to customers.
According to Dhaval, Research Manager, 6Wresearch,Β the "Mobile Crane" segment is witnessing rapid growth due to the flexibility and versatility these cranes offer in various applications.
In the Applications segment, the "Construction" sector is a major contributor to the market, driven by the rapid infrastructural development and urbanization in China.
The report provides a detailed analysis of the following market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. China Crane Market Overview |
3.1 China Crane Market Revenues and Volume, 2020-2030F |
3.2 China Crane Market Revenue Share, By Types, 2020 & 2030F |
3.3 China Crane Market Revenue Share, By Applications, 2020 & 2030F |
3.4 China Crane Market Revenue Share, By Regions, 2020 & 2030F |
3.5 China Crane Market - Industry Life Cycle |
3.6 China Crane Market - Porterβs Five Forces |
4. China Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. China Crane Market Trends |
6. China Crane Market Overview, by Types |
6.1 China Mobile Cranes Market Revenues and Volume, 2020-2030F |
6.2 China Fixed Cranes Market Revenues and Volume, 2020-2030F |
6.3 China Marine & Offshore Cranes Market Revenues and Volume, 2020-2030F |
7. China Crane Market Overview, by Applications |
7.1 China Crane Market Revenue and Volumes, By Industrial, 2020-2030F |
7.2 China Crane Market Revenue and Volumes, By Construction, 2020-2030F |
7.3 China Crane Market Revenue and Volumes, By Mining & Excavation, 2020-2030F |
7.4 China Crane Market Revenue and Volumes, By Marine & Offshore, 2020-2030F |
7.5 China Crane Market Revenue and Volumes, By Others, 2020-2030F |
8. China Crane Market Competitive Landscape |
8.1 China Crane Market Revenue Share, By Companies, 2023 |
8.2 China Crane Market Competitive Benchmarking, By Operating Parameters |
9. Company Profiles |
10. Key Strategic Recommendations |
11. Disclaimer |