Crawler Crane Market Size By Capacity (Below 50 Metric Tons, 50 to 250 Metric Tons, 250 to 450 Metric Tons, 450 to 650 Metric Tons), By Application (Rental, Construction, Mining, Oil & Gas, Energy), COVID-19 Impact Analysis, Regional Outlook, Growth Poten

Crawler Crane Market Size By Capacity (Below 50 Metric Tons, 50 to 250 Metric Tons, 250 to 450 Metric Tons, 450 to 650 Metric Tons), By Application (Rental, Construction, Mining, Oil & Gas, Energy), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2032

Crawler Crane Market is anticipated to grow significantly over the estimated timeframe between 2023–2032, owing to the increasing infrastructural developments and projects worldwide. Crawler cranes can easily move on tracks and conquer rough environments. Product benefits such as versatility, mobility, and strength make them valuable to perform on various job sites.

Massive loads can successfully be lifted using crawler cranes. They are capable of navigating through unstable, challenging, and uneven terrains without the need for laborious setup procedures. Crawler cranes boast of ample advantages, making them suitable for various situations.

In addition, several companies are incorporating advanced technologies to enhance the performance of construction equipment, which is estimated to offer lucrative growth opportunities to the industry progression. In 2022, Sennebogen, in partnership with Van den Heuvel, developed and launched its 1st battery-driven telescopic crawler crane. The electro battery crane is equipped with 130-kW electric motor powered by Li-ion battery.

Overall, the crawler crane industry is segmented in terms of capacity, application, and region.

Based on capacity, the 50 to 250-metric-ton segment is anticipated to be valued at over USD 1 billion by 2032. Increasing the capacity of such machines will result in increasing demand for cranes, leading to the loss of several advantages offered by compact equipment. The rising demand for compact machines in underground mining operations is growing rapidly due to limited entry space in such areas, further favoring the industry outlook over the estimated timeframe.

By application, the mining industry will hold more than 3% market share by 2032 end. The increasing adoption of crawler cranes in the mining industry is positively favoring the need for advanced solutions to perform underground activities. Several countries, such as South Africa, Australia, and China, are constantly witnessing massive demand for such machines due to rising mining operations.

In terms of a regional perspective, the Europe crawler crane industry is anticipated to grow considerably during 2023–2032. The region is witnessing high adoption of crawler cranes across several industrial sectors. The crane rental services industry is also gaining strong traction in the region owing to the growing presence of some of the leading players who are offering such services. Besides, the developed manufacturing sector in Germany is adding to the manufacturing of technologically advanced machinery. In addition, German firms are looking forward to expanding their industrial presence globally, thereby providing a push to industry growth.