As per Future Market Insights (FMI), the global mini cranes market value is expected to rise from US$ 422.2 million in 2023 to US$ 761 million by 2033. Global sales of mini cranes between 2023 and 2033 are projected to rise at a robust CAGR of 6%.
Growth in the global mini cranes industry is driven by several factors. This includes the quick development of emerging nations and the increasing need for versatile material handling equipment in the construction sector.
Mini cranes are becoming necessary as a result of the growing construction sector and the rise of urbanization. These cranes provide a versatile solution to material handling problems faced by various sectors.
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Mini cranes are capable of moving and lifting objects in hard-to-access areas. This makes them attractive to end users such as the construction sector. These cranes come with various attachments and accessories, such as different types of hooks, slings, and grabs, allowing them to handle a wide range of materials and tasks.
Mini cranes typically use electric or battery-powered systems, resulting in reduced noise pollution and lower emissions compared to traditional diesel-powered cranes. This eco-friendly approach aligns with sustainable construction practices and regulations, contributing to a greener and more sustainable construction industry.
Rising investments in residential and commercial sectors along with growing awareness about the benefits of mini cranes are expected to boost the global market.
The creation of cutting-edge technologies such as hybrid mini cranes and the expanding use of digital technology are the most recent trends in the global mini cranes industry.
Another prominent factor expected to boost the global market is the rising popularity of electric mini-cranes.
Key Takeaways from the Global Mini Cranes Market:
- Global mini crane sales are anticipated to surge at 0% CAGR during the assessment period.
- Based on type, spider cranes segment is set to exhibit a CAGR of 3% through 2033.
- By end-use sector, construction segment is expected to progress at 1% from 2023 to 2033.
- The United States mini cranes market is forecast to reach US$ 73.2 million by 2033.
- The United Kingdom market is poised to exhibit a CAGR of 0% through 2033.
- Mini cranes demand in China is expected to rise at 6% CAGR over the projection period.
- The mini cranes industry in Japan is predicted to reach a valuation of US$ 37.6 million by 2033.
- South Korea mini cranes industry is forecast to thrive at 1% CAGR during the forecast period.
Leading Key Players:
- Jekko SRL
- MAEDA SEISAKUSHO CO., Ltd.
- UNIC-Furukawa Company Ltd.
- Manitex International, Inc. (Valla)
- Hoeflon International B.V.
- Linamar
- Microcranes, Inc.
- R&B Engineering
Recent developments:
- In 2023, Jekko displayed its novel material handling products including the SPX328 crawler crane model and JF235 bi-energy powered model, at the CONEXPO 2023.
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The research report analyzes the demand for mini cranes globally. The global mini cranes market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.
As per Future Market Insights (FMI), the market has been analyzed based on type, lifting capacity, operation, end-use sector, ownership, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.
Global Mini Cranes Market Segmentation:
By Lifting Capacity:
- Up to 1 ton
- 1 to 1.8 ton
- 2 to 2.4 ton
- 2.5 to 4.9 ton
- 5 to 10 ton
- 11 to 22 ton
By Type:
- Spider Crane
- Crawler Crane
- Articulated
- Telescopic
- Pick and Carry Cranes
By Operation:
- Fuel Operated
- Battery Operated
By End Use Sector:
- Industrial
- Foundries
- Power Plants
- Others
- Railway Depots
- Construction
- Residential & Commercial
- Industrial
- Civic Infrastructure
- Facility Management
- Commercial
- Industrial
- Marine
- Timber and Lumber
- Material handling and logistics
By Ownership:
- Direct Owned
- OEM Sales
- Dealership Sales
- Rented
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
Have a Look at the Related Reports of the Industrial Automation Domain:
Cranes Rental Market Overview: The market is expected to witness a robust CAGR of 7.0% during the forecast period, reaching a staggering market value of around US$ 95.8 billion by 2033.
GCC Mini Cranes Market Share: The GCC market for Mini Cranes will grow at a CAGR of 5.8%, reaching a valuation of US$ 41.1 Million in 2032.
Latin America Mining Equipment Market Size: The market for mining equipment will reach US$ 4,839.6 Million in 2032, up at a CAGR of 3.7% between 2022 and 2032.
Mobile Cranes Market Outlook: The global market is predicted to grow at a moderate CAGR of 6.3% from 2023 to 2033. The mobile cranes market share is estimated to reach nearly US$ 29.05 billion by 2033.
Truck Mounted Cranes Market Analysis: The global market is expected to reach US$ 2.521 billion by 2023. It is set to exhibit growth at a CAGR of 4.4% between 2023 and 2033.
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