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

USA Cranes Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 13.51% over the previous year. While Germany registered a decline of -4.47% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the USA has a Herfindahl index of 1460 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of 2233 which signifies moderately concentrated in the market.

USA Cranes Market - Export Market OpportunitiesTopics Covered in the United States (US) Cranes Market

United States (US) 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.

United States (US) Cranes Market Synopsis

The United States (US) Cranes Market is projected to grow in the forthcoming years on the back of increased investment in infrastructure development as well as the need for advanced crane technologies. The adoption of telematics systems and remote monitoring capabilities allows operators to monitor performance and ensure safety on construction sites. Nevertheless, manufacturers face a few difficulties, including rising raw material costs and stringent regulations, while a skilled labor shortage also presents an issue. Despite these challenges, there are numerous prospects ahead with renewable energy projects demanding specialized techniques and urbanization efforts needing constant construction activities.

According to 6Wresearch, the United States (US) Cranes Market is expected to grow steadily during the forecast period 2023-2029. The US Cranes Market is an ever-evolving industry, with several factors influencing its growth as rapid urbanization has spurred considerable demand for construction projects such as skyscrapers, bridges, and infrastructure development, necessitating the use of cranes for heavy lifting. Technology is also revolutionizing the sector with automation and digitalization resulting in improved safety features, increased efficiency, and enhanced productivity. The US government has been emphasizing infrastructure development and investment. The proposed infrastructure plans and initiatives aim to upgrade and modernize the country's transportation systems, bridges, roads, airports, and other critical infrastructure which presents significant opportunities for the cranes market as construction and expansion projects require heavy lifting and material handling equipment. Moreover, urbanization and the demand for residential and commercial spaces continue to drive construction activities in major cities. The crane industry in the United States is witnessing advancements in technology, such as automation, remote control, and telematics. These innovations improve efficiency and productivity.

COVID-19 Influence on the United States (US) Cranes Market

The United States Cranes Industry has experienced a significant decline due to the ongoing COVID-19 pandemic. The outbreak of the virus has disrupted supply chains, halted construction projects, and caused a decline in demand for cranes across various industries. The slowdown in construction activities due to implemented lockdown measures and social distancing protocols to control the spread of the virus has resulted in a decrease in demand for cranes, affecting manufacturers and suppliers. Furthermore, travel restrictions imposed to curb transmission have affected international trade and import-export activities related to cranes.

Key players in the United States (US) Cranes Market

The United States (US) Cranes Market is highly competitive with the presence of several key players. Some of them include;

• Caterpillar Inc.
• Terex Corporation
• Liebherr Group
• Manitowoc Company Inc
• Tadano Ltd.
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• XCMG Group

The Future of the United States (US) Cranes Market

The United States Cranes Market Size is forecast to grow over the coming years, with several factors contributing to its growth and development. As the construction industry continues to expand and demand for infrastructure projects increases. One key trend that is expected to shape the future of the US Cranes Market is technological advancements. The integration of advanced features such as telematics, remote monitoring, and automation will enhance operational efficiency and safety in crane operations. Another driving factor for the future of this market is the growing focus on sustainability. With increasing environmental concerns and regulations, there is a rising demand for eco-friendly cranes that are energy-efficient and emit fewer emissions. Manufacturers are investing in research and development to develop innovative solutions that meet these requirements.

Market Analysis by Product Type

According to Suryakant, Senior Research Analyst, 6Wresearch, the mobile cranes segment is expected to register significant growth and is forecast to dominate the United States Cranes Market Share due to its versatility and wide-ranging applications in construction, infrastructure, and industrial projects. The demand for mobile cranes is driven by their ability to reach different job sites efficiently.

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:

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