Asia Pacific Mobile Crane Market

The mobile crane market in APAC is expected to grow from US$ 6,449.20 million in 2021 to US$ 9,283.63 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

The rising e-commerce sector in Southeast Asia supports the expansion of the market for warehousing and intralogistics in this region. The region encompasses 11 country-level markets at varying levels of growth; hence, it is rapidly becoming an economic center. The economy of Southeast Asian countries is expanding with the steadily increasing middle-class population. According to statistics obtained from the International Monetary Fund, the aggregate GDP of all ASEAN countries is expected to be US$ 4.37 trillion by 2024. Southeast Asia's rapid economic development also propels this region's e-commerce and retail industries. According to Facebook and Bain & Company's annual SYNC Southeast Asia report, digital spending per person is up 60% compared to last year, with overall e-commerce sales set to double by 2026 as SEA consumers are not just spending more online as forecasted in 2020, more of them (45%) are using online as a primary purchase channel. The economic favorability is encouraging third-party logistics (3PL) businesses to invest in crane production to address the growing needs for these machines at docks and warehouses. As a result, the ongoing development of a large-scale intralogistics center in Southeast Asia offers international mobile crane manufacturers significant opportunities to expand their presence in this region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC mobile crane market at a good CAGR during the forecast period.

APAC Mobile Crane

Market Revenue and Forecast to 2028 (US$ Million)

Get more information on this report Request Free Sample PDF

Asia Pacific Mobile Crane Strategic Insights

Strategic insights for the Asia Pacific Mobile Crane provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Mobile Crane Report Scope

Asia Pacific Mobile Crane Regional Insights

The geographic scope of the Asia Pacific Mobile Crane refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

APAC Mobile Crane Market Segmentation  

 

The APAC mobile crane market is analyzed on the basis of crane type, application, and country. Based on crane type, the market is segmented into truck cranes, all-terrain cranes, rough terrain cranes, crawler cranes, and others. The truck cranes segment held the largest market share in 2020.

Based on application, the market is segmented into construction, oil & gas, shipping & port building, power & utilities, and others. The construction segment held the largest market share in 2020.

Based on country, the APAC mobile crane market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.

Furthermore, KATO WORKS CO., LTD; Kobelco Construction Machinery Co., Ltd.; LIEBHERR-INTERNATIONAL; Sany Group; Sumitomo Heavy Industries Construction Cranes Co., Ltd; Tadano Ltd; Terex Corporation; The Manitowoc Company, Inc; Xuzhou Construction Machinery Group Co., Ltd; and Zoomlion Heavy Industry Science & Technology Co., Ltd. are the leading companies in the APAC mobile crane market.