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

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: ETC002230	Publication Date: Apr 2020	Updated Date: Sep 2023	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Malaysia Crane Market Shipment Analysis

Malaysia Crane Market registered a decline of -39.7% in value shipments in 2021 as compared to 2020 and a decrease of -15.73% CAGR in 2021 over a period of 2017. In Crane Market Malaysia is becoming less competitive as HHI index in 2021 was 7618 while in 2017 it was 4917. 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.

Malaysia has reportedly relied more on imports to meet its growing demand in Crane Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Crane Market in 2021 was 2.75 while in 2017 it was 9.17. Japan, China, Singapore, Italy and South Korea were among the top players of the market in 2021, where Japan acquired the largest market share of 86.72% with a shipment value of 58.21 million USD in 2022 Japan also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Crane Market. In 2017 Japan had the largest market share of 61.19% with the shipment value of 160.34 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 Japan offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Malaysia Crane Market in 2017.

Malaysia crane market is likely to witness tremendous growth as a result of rising disposable income, developing commercial infrastructure, growing tourism sector as well as rising construction activities over the past few years. However, the Malaysia 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 Malaysia is expected to recover steadily in the next few years, the crane market in Malaysia is also likely to recover gradually over the years to come.

According to 6Wresearch, the Malaysia Crane Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to government initiatives towards infrastructural development activities along with the commencement of new projects including the expansion of the railway network and construction of hospitals in the country. For instance, the government has revived the mega project of construction of a 640 km East Coast rail link to be completed by 2026. Additionally, the government has also invested $382 million for constructing new hospitals in 2020. Further, the launch of the National industry 4.0 Policy by the government will enhance the productivity of the manufacturing sector in the country. These initiatives will spur the growth of the crane market during the forecast period.

In terms of crane type, the mobile crane dominates the overall Malaysian crane market due to growing industrialization and construction projects in the country. Additionally, the industrial and commercial application is the key revenue-generating segment in the Malaysia crane market. Further, the demand for tower cranes is rising as a result of the rising housing construction projects in the country.

The Malaysia crane market report thoroughly covers the market by types, applications, and regions. Malaysia's crane market outlook report provides an unbiased and detailed analysis of the on-going Malaysia 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.

Malaysia crane market is projected to register sound revenues in the coming timeframe on the back of the rise in the commercialization of essential minerals and other natural resources such as coal, rock salt, and clay extract by using a crane machine which makes the task much easier and low time consuming and is expected to shape the crane market in the coming years... Further, the manufacturing sector is gaining traction in the country as a result of increased foreign investment coupled with the domestic investment to spur domestic production. Hence, for the efficient assembling of heavy equipment to keep the manufacturing sector growth in good terms and to ensure greater productivity, the adoption of cranes is expected to be witnessed at an increased level and would instigate the growth of the Malaysia crane market in the coming years.

Key Highlights of the Report:

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