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The static crane market is influenced by various market factors that shape demand, supply, and overall industry dynamics.
Construction Industry Growth: The construction industry's growth is a significant driver of demand for static cranes. As construction projects increase in scale and complexity, there is a growing need for heavy lifting equipment to facilitate material handling, assembly, and construction activities. Static cranes play a crucial role in lifting and positioning heavy loads such as steel beams, concrete panels, and construction materials at construction sites, contributing to the growth of the static crane market.
Infrastructure Development: Infrastructure projects, including roads, bridges, railways, ports, and airports, drive demand for static cranes for various lifting and construction tasks. Static cranes are essential equipment in infrastructure development projects for tasks such as bridge construction, viaduct installation, and road paving. With governments and private sectors investing in infrastructure upgrades and expansions worldwide, the demand for static cranes is expected to rise in line with infrastructure development initiatives.
Industrial and Manufacturing Sector: The industrial and manufacturing sector is a significant consumer of static cranes for material handling, production processes, and logistics operations. Static cranes are utilized in manufacturing facilities, warehouses, and logistics centers for loading and unloading heavy machinery, equipment, and raw materials. With the growth of industrial automation and the need for efficient material handling solutions, the demand for static cranes in the industrial sector is expected to increase.
Oil and Gas Industry: The oil and gas industry requires static cranes for various applications such as offshore drilling, pipeline construction, and maintenance operations. Static cranes are deployed on offshore platforms, oil rigs, and petrochemical plants for lifting heavy equipment, modules, and personnel transfer. With the recovery of oil prices and increasing investments in oil and gas exploration and production activities, the demand for static cranes in the oil and gas industry is anticipated to grow.
Renewable Energy Projects: Renewable energy projects, including wind farms, solar power plants, and hydroelectric dams, drive demand for static cranes for installation, maintenance, and component replacement tasks. Static cranes are used to erect wind turbine towers, position solar panels, and install hydroelectric turbines in renewable energy projects. With the global transition towards clean and sustainable energy sources, the demand for static cranes in renewable energy projects is expected to increase.
Port and Shipyard Operations: Ports and shipyards require static cranes for cargo handling, container loading, and shipbuilding activities. Static cranes are utilized in ports and shipyards to lift and transfer containers, heavy machinery, and ship components. With the growth of international trade and maritime transportation, the demand for static cranes in port and shipyard operations is projected to rise, driven by the need for efficient cargo handling and vessel servicing capabilities.
Mining and Quarrying Operations: The mining and quarrying industry utilizes static cranes for material extraction, transportation, and processing operations. Static cranes are deployed in mines and quarries for lifting and moving ore, minerals, and heavy equipment. With the growing demand for raw materials such as metals, minerals, and aggregates, the demand for static cranes in mining and quarrying operations is expected to increase, supporting market growth in this sector.
Urbanization and Megaprojects: Urbanization trends and the development of megaprojects such as skyscrapers, stadiums, and transportation hubs drive demand for static cranes in urban construction projects. Static cranes are essential equipment in the construction of tall buildings, large infrastructure projects, and iconic structures in urban centers. With the increasing urbanization rate and the need for modern infrastructure in urban areas, the demand for static cranes for megaprojects is anticipated to grow.
Technological Advancements: Technological advancements in static crane design, automation, and safety features influence market trends and customer preferences. Manufacturers are incorporating advanced technologies such as telematics, IoT connectivity, and remote monitoring systems into static cranes to enhance operational efficiency, productivity, and safety. Technological innovations contribute to the development of next-generation static cranes that offer improved performance and capabilities, driving market demand.
Regulatory Environment: Regulatory standards and safety regulations governing crane operations and equipment specifications impact the static crane market. Compliance with industry standards such as OSHA regulations, ANSI standards, and local safety codes is essential for manufacturers, operators, and end-users of static cranes. Adherence to regulatory requirements ensures safe and reliable crane operations, enhances market credibility, and fosters customer trust in static crane products and services.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 13.05 Billion |
| Market Size Value In 2023 | USD 14.0 Billion |
| Growth Rate | 5.3% (2023-2030) |
Static Crane Market Highlights:
Global Static Crane Market Overview
Static Crane Market Size was valued at USD 13.60 billion in 2023. The Static Crane Market is projected to grow from USD 14.24 Billion in 2024 to USD 21.69 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period (2024 - 2032). The rising government initiatives to develop construction industry and the growing demand for public and private building infrastructure are the key market drivers boosting the growth of the Static Crane Market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Static Crane Market Trends
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Increase in Construction of High-rise Buildings Augmenting Static Crane Market Demand
The rapid urbanization and infrastructure development around the world have increased the demand for static cranes. Construction of skyscrapers has increased significantly in several countries such as USA, UK, Germany, and India. This is projected to increase the market value of static cranes during the forecasted timeline. Distribution, storage, and production facilities focus on optimizing space for a variety of activities due to high real estate and rental costs. Heavy equipment such as overhead cranes, gantry cranes and girder cranes can all be integrated for higher stacking. This allows for better utilization of vertical space and maximizes the volumetric area of ​​the storage facility. In addition, the elimination of ground transportation reduces human traffic in industrial workshops. The combined impact of these factors is expected to boost the Static Crane Market share over the forecasted timeline.
Static Cranes Market Segment Insights
Static Cranes Type Insights
Based on types, the global static cranes market is segmented into tower cranes, overhead cranes, and level-luffing cranes. The tower crane segment is estimated to dominate the market during the forecast period. This is due to global growth in construction, shipbuilding, energy, and utilities sector. These cranes are also often used on large infrastructure projects. Tower cranes have high lifting capacity and work efficiently in harsh environmental conditions. These properties will continue to serve as market catalysts. Tower cranes are advantageous because they can lift heavy loads with multiple movements such as jack-up maneuvers, slewing, wire twisting, self-electing, self-climbing, gentle lifting, jungle gyms and trolleys. movement. The primary use of tower cranes is to lift heavy loads of steel. Rapid urbanization along with the need for proper urban land-use planning, and high-rise buildings are expected to further drive the market growth over the forecasted timeline.
Figure1: Global Static Cranes Market, by Type, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Static Cranes End-Use Insights
The end-user’s segment of the global static cranes market size includes construction, mining, marine, power & utilities, and others. Static cranes are widely used in the construction industry due to the high demand for material handling at height. However, it is also used in the construction of structures such as bridges, dams, power plants, and industrial plants. In addition, the private and government sectors are investing heavily in building large-scale infrastructure (LSI). They are mainly facilitating investment in large-scale projects such as skyscrapers, railway stations, airports and ports. This will further drive market growth over the forecasted timeline. Moreover, the availability of rental services will further support infrastructure development activities and facilitate the use of static cranes on construction sites.
Figure 2: Global Static Cranes Market, by End-Use, 2022 & 2030 (USD Billion)
Global Static Cranes Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific static crane market accounted for largest market share in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is due to a significant number of key players operating in the region, making it the primary contributor to the market share. In addition, the increasing investments in construction and reconstruction activities in this region will add up to the market demand. According to the National Investment Promotion & Facilitation Agency, the Indian construction and infrastructure industry is anticipated to reach at around USD 738.5 billion by 2022, providing opportunities to the static crane market. Moreover, Various government-backed construction projects are being carried out in China and India. For instance, in October 2021, governments of Dubai and India agreed to develop infrastructure projects, such as industrial parks, multi-purpose towers, logistics centers, medical colleges, and specialized hospitals, in the Indian state of Jammu and Kashmir. Thus, demand for static cranes is increasing in the construction industry, thereby leading to static crane market growth.
Figure 3: Global Static Cranes Market, by region, 2022 & 2030 (USD Billion)
Significant product advances, the rapid urbanization, increase in the building infrastructure projects of the region, and the active involvement of the U.S. and Canadian markets all contribute to the North America success for static crane market. To sustain customer applications, suppliers are utilizing various material combinations. This market is anticipated to showcase a significant growth in North America owing to the increasing government investments in developing new public transport infrastructure. The government of the U.S. is making investments in developing new airports, railway stations, and metro-stations, attributing to the static cranes market. Moreover, the rising urbanization in the U.S. and Canada is compelling the demand for new residential buildings, providing opportunities to the market size expansion.
Europe is one of the prominent regions in the static cranes market in 2022, owing to the factors such as government authorities in Europe are making large investments in new smart city development projects. Countries in the European Union are expected to have over 350 smart cities by 2025, thereby increasing the adoption of advanced construction machines. Furthermore, the increasing number of residential infrastructure projects in Russia, France, and Germany will augment the market growth over the forecast timeline. The France government has developed ‘Big Investment Plan’ with the investment of around USD 66 billion to support regional structural reform. This will help the market to grow in Europe during the projected timeline.
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, the UK, Spain, China, Japan, India, Argentina, UAE, South Africa, Saudi Arabia, and Brazil.
Static Cranes Key Market Players & Competitive Insights
With a strong presence across different verticals and geographies, the global static cranes market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies and innovations to make cranes more effective. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Static Crane Market is highly competitive, with many vendors offering similar products and services.
The major players in the market include SANY Group, XCMG Group, Liebherr International AG, TEREX Corporation, Manitowoc Company Inc., among others. The global Static Cranes market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Static Crane Market include.
- SANY Group
- XCMG Group
- Liebherr International AG
- TEREX Corporation
- JASO Tower Cranes
- Manitowoc Company Inc.
- Zoomlion Heavy Industry Science & Technology Co. Ltd.,
- ACE Equipment Company
- KITO Corporation
- WOLFKRAN International AG
Global Static Cranes Industry Developments
- In June 2022, Manitowoc introduced CONNECT, a new digital platform that enables remote monitoring via an app-based system. The platform helps owners and operators view real-time crane information, receive alerts, and share data.
- In June 2022, XCMG launched the XGT15000-600S super-large tower to meet the growing demand for construction and development of large-scale modular bridges. The tower crane weighs 4,000 tons and has a maximum lift of 400 meters.
- In July 2022, Liebherr International AG launched 300 EC-B 12 fiber and 270 EC-B 12 for the EC-B series flat top tower cranes. Both tower cranes have a long service life and a maximum freestanding height of 91.7 meters.
Static Crane Market Segmentation
Static Crane Market Type Outlook (USD Million, 2019 -2030)
- Tower Cranes
- Overhead Cranes
- Level- luffing Cranes
Static Crane Market End-Use Outlook (USD Million, 2019 -2030)
- Construction
- Mining
- Marine
- Power & utilities
- Others (Automotive, Industrial, Etc.)
Global Static Crane Regional Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Argentina
- Brazil
- Rest of South America
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