Rough Terrain Crane Market
Rough Terrain Crane Market Analysis by Up to 35 Tonnes, 35 to 50 Tonnes, 50 to 100 Tonnes, and Above 100 Tonnes for Construction, Oil & Gas, Shipping & Port Building, and Wind Farms from 2023 to 2033
Analysis of Rough Terrain Crane Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Rough Terrain Crane Market Outlook (2023 to 2033)
Worldwide sales of rough terrain cranes are estimated at US$ 7.85 billion in 2023 and are projected to reach US$ 14.1 billion by the end of 2033. Over the next ten years (2023 to 2033), the global rough terrain crane market has been forecasted to expand at 6% CAGR.
A rough terrain crane is designed for rough terrains that are difficult to access or perform work on. Rough terrain cranes can be classified under hydraulic mobile cranes that are self-propelled and mounted on an undercarriage with four rubber tires.
- Tadano, a leading manufacturer of cranes and material handling equipment based in Japan, announced the launch of its new rough terrain crane at the ConExpo 2023. GT1200XL-2 with a capacity of 120 tonnes and GT-800XL-2 80 tonne lifting capacity were launched at the event.
Increasing mining activity to find materials for battery manufacturing and support sustainability is also predicted to bolster sales of rough terrain cranes for mining across the study period. Efforts of developing economies to bolster their infrastructure development and the launch of grand-scale construction projects around the world in remote areas are also forecasted to benefit rough terrain crane market development in the long run.
- The Kingdom of Saudi Arabia (KSA) announced its plans to build a line city in the desert called NEOM. This US$ 500 billion mega project is one of many being planned across the world and such projects could potentially boost demand for rough terrain cranes going forward.
Expanding world population and rising need for better residential infrastructure to accommodate them are also estimated to open up new opportunities for rough terrain crane manufacturers through 2033. Developing countries such as India, China, Brazil, and Indonesia are projected to be the most rewarding markets for rough terrain crane brands in the future.
Report Attributes | Details |
---|---|
Rough Terrain Crane Market Size (2023) | US$ 7.85 Billion |
Projected Market Value (2033F) | US$ 14.1 Billion |
Global Market Growth Rate (2023 to 2033) | 6% CAGR |
Key End-use Industry | Oil & Gas |
Key Regional Market | Asia Pacific |
Key Companies Profiled | Liebherr Group; Kato Works Co. Ltd.; Sany Heavy Industry Co. Ltd.; Tadano Ltd.; Zoomlion Heavy Industry Science and Technology Co. Ltd.; Link-Belt Construction Equipment Company L.P.; The Manitowoc Company Inc.; Terex Corporation; XCMG Construction Machinery Co. Ltd; TIL Limited |
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Will Rising Popularity of Rough Terrain Crane Rental Augment Market Growth?
“Expansion of Rental Crane Fleet Uplifting Sales Potential”
Owning a rough terrain crane is a cost-intensive feat right from purchase to operation to maintenance, which is why most end users of cranes are inclined towards renting them instead of purchasing them. Rough terrain crane rental companies are focusing on expanding their fleet to fulfill the rising demand for heavy equipment and construction machinery around the world.
Further, construction activities majorly require temporary equipment solutions wherein rough terrain cranes are utilized for loading and unloading of different load capacities. Consistent entry of new competitors, high costs of new rough terrain cranes, and operating costs continue to challenge rental service providers to optimize rental rates in the rough terrain crane market.
Well aware of the steady demand for cranes and opportunities in the rental services landscape, rental stakeholders are improving their services by adopting new ways such as the introduction of new and efficient fleets and replacing or upgrading some of the older equipment.
- In November 2020, Maxim Crane Works, a renowned crane rental and service company based in the United States, announced the addition of one more facility in Virginia. The company has been working on expansion efforts by purchasing a new crane fleet and widening the scope of its services across the country.
Which Market Trend Can Start-ups Capitalize On?
“Electrification of Rough Terrain Cranes Would Offer Attractive Growth Scope”
Growing focus on sustainability around the world has boosted the popularity of electric vehicles. Similarly, rough terrain crane manufacturers are also leaning towards battery-powered cranes and heavy equipment to reduce their emission footprint in this increasingly eco-conscious world. New rough terrain crane companies can focus on the development of electric rough terrain cranes to compete with established market players.
The window of opportunity for incoming rough terrain crane brands in terms of electrification is a limited one as renowned companies have already started working on this concept and if they perfect it before start-ups then it would be a hard market to tap into.
- In May 2020, Zoomlion Heavy Industry Science & Technology rolled off its first pure electric-powered rough terrain crane with a capacity of 25 tonnes. The ZTC250N-EV is capable of reaching a maximum speed of 56 mph and has an operating sound no louder than 65 dB.
Start-ups can benefit by learning more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments that have been discussed extensively in this rough terrain crane market study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
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Country-wise Insights
There is no specific reason why rough terrain crane companies should ignore any country in the world as there will be some or the other reason to expand their business anywhere they go. Investing in China, the United States, Canada, India, and Germany will assure better and somewhat guaranteed returns for rough terrain crane suppliers as compared to other countries.
Why are Rough Terrain Crane Companies Flocking to the United States?
“Presence of Robust Construction and Oil & Gas Sectors”
The United States has highly lucrative construction and oil & gas industries, which are continually expanding to bring in more revenue and support the economic growth of the country which is essential to maintain its position as a superpower in the world. An increasing number of commercial and residential construction projects being launched in the country are also slated to bolster market growth in the future.
Expansion of oil and gas exploration activities in the country to reduce its reliance on imports is also a key factor that could potentially uplift sales of rough terrain cranes in the long run.
What Makes China an Investment-worthy Market for Rough Terrain Crane Manufacturers?
“Robust Industrial Activity and Supportive Government Initiatives”
China is a force to reckon with in the Eastern part of the world and the country has been known for its robust industrial activity that powers its economic growth. Urbanization and industrialization in China are projected to be the prime drivers of rough terrain crane demand over the coming years. Increasing investments in infrastructure development and supportive government initiatives to expand the manufacturing capacity of industries are also estimated to uplift shipments of rough terrain cranes going forward.
Which European Countries Should Rough Terrain Crane Suppliers Invest In?
“Germany and United Kingdom to Offer Best Returns”
European countries such as Germany and Sweden are home to some of the most prominent heavy machinery manufacturers in the world, which makes them attractive markets. Rising construction activity in the United Kingdom and other European countries to support economic growth and sustainability are also creating new opportunities for rough terrain crane suppliers.
- In October 2022, Liebherr, a German-Swiss leading manufacturer of heavy equipment and machinery, announced the launch of its new rough terrain crane at the Bauma event. LRT 1130-2.1 has a mammoth capacity of 120 tonnes with a 60-meter main boom divided into 7 sections.
Growing investments in the development of renewable energy infrastructure and electric vehicle charging infrastructure are also projected to benefit demand for rough terrain cranes over the next ten years in the European region.
Category-wise Insights
Non-residential applications and industries are projected to provide the most rewarding business scope for rough terrain crane suppliers in the long run. As of now oil & gas industry brings in a major chunk of global rough terrain crane market revenue but sales of rough terrain cranes for the construction sector are slated to hold a dominant stance beyond the study period.
Where are Rough Terrain Crane Sales Increasing Rapidly?
“Oil & Gas Sector to Account for Prominent Market Share”
Exploration of oil and gas usually takes place in remote terrain, usually in locations with little to no access to proper infrastructure. The conditions for oil and gas exploration and extraction activities are also quite extreme in most cases, which necessitates the use of robust machinery that can withstand all kinds of adversities. All of the aforementioned aspects are estimated to boost demand for rough terrain cranes for oil & gas space thereby promulgating their sales across the study period.
Know thy Competitors
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Competitive Landscape
Top rough terrain crane brands should focus on the development and launch of new products to maximize their sales potential and improve their stance in terms of global rough terrain crane market share.
- In October 2021, Terex Cranes, a renowned manufacturer of material handling and processing equipment, announced the launch of a new rough terrain crane called TRT 35. Featuring a 30.1-meter telescopic boom, the crane has a maximum capacity of 35 tonnes and a maximum tip height of 40.1 meters with extensions.
- Manitowoc, a renowned manufacturer and supplier of cranes, unveiled its new GRT8100-1 rough-terrain crane at the Bauma 2022 event in Germany. The new crane has a better lifting capacity of 120 tonnes and comes with a new engine that delivers 10% more power and better fuel efficiency.
Key Segments of Rough Terrain Crane Market Research
-
By Lifting Capacity :
- Up to 35 Tonnes
- 35 to 50 Tonnes
- 50 to 100 Tonnes
- Above 100 Tonnes
-
By End-use Industry :
- Construction Sites
- Oil & Gas
- Shipping & Port Building
- Wind Farms
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Global Market Analysis and Forecast 2018 to 2033
- 3.1. Global Market Size and Forecast By Lifting Capacity (Tonne), 2018 to 2033
- 3.1.1. Upto 35
- 3.1.2. 35 - 50
- 3.1.3. 50 - 100
- 3.1.4. Above 100
- 3.2. Global Market Size and Forecast By End Use, 2018 to 2033
- 3.2.1. Construction Industry
- 3.2.2. Oil & Gas Industry
- 3.2.3. Shipping & Port Building
- 3.2.4. Wind Farms
- 3.2.5. Others
- 3.1. Global Market Size and Forecast By Lifting Capacity (Tonne), 2018 to 2033
- 4. North America Market Size and Forecast, 2018 to 2033
- 5. Latin America Market Size and Forecast, 2018 to 2033
- 6. Europe Market Size and Forecast, 2018 to 2033
- 7. Japan Market Size and Forecast, 2018 to 2033
- 8. APEJ Market Size and Forecast, 2018 to 2033
- 9. MEA Market Size and Forecast, 2018 to 2033
- 10. Global Market Company Share, Competition Landscape and Company Profiles
- 10.1. Terex Corporation
- 10.2. Xuzhou Construction Machinery Group Co., Ltd. (China)
- 10.3. Tadano Ltd.
- 10.4. Kato Works Co. Ltd.
- 10.5. Sany Heavy Industry Co., Ltd.
- 10.6. Link-Belt Construction Equipment Company, L.P.
- 10.7. Zoomlion Heavy Industry Science and Technology Co. Ltd
- 10.8. The Manitowoc Company, Inc
- 10.9. TIL Limited (India)
- 10.10. ENTREC Corporation
- 11. Research Methodology
- 12. Secondary and Primary Sources
- 13. Assumptions and Acronyms
- 14. Disclaimer
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List Of Table
TABLE 01: Global Market Value (US$ Mn) & Volume, 2018 to 2022
TABLE 02: Global Market Value (US$ Mn) & Volume, 2023 to 2033
TABLE 03: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2018 to 2033
TABLE 04: Global Upto 35 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 05: Global Upto 35 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 06: Global Upto 35 Segment Market Share, By Region 2018 to 2022
TABLE 07: Global Upto 35 Segment Market Share, By Region 2023 to 2033
TABLE 08: Global Upto 35 Segment Y-o-Y, By Region 2018 to 2033
TABLE 09: Global 35 - 50 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 10: Global 35 - 50 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 11: Global 35 - 50 Segment Market Share, By Region 2018 to 2022
TABLE 12: Global 35 - 50 Segment Market Share, By Region 2023 to 2033
TABLE 13: Global 35 - 50 Segment Y-o-Y, By Region 2018 to 2033
TABLE 14: Global 50 - 100 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 15: Global 50 - 100 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 16: Global 50 - 100 Segment Market Share, By Region 2018 to 2022
TABLE 17: Global 50 - 100 Segment Market Share, By Region 2023 to 2033
TABLE 18: Global 50 - 100 Segment Y-o-Y, By Region 2018 to 2033
TABLE 19: Global Above 100 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 20: Global Above 100 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 21: Global Above 100 Segment Market Share, By Region 2018 to 2022
TABLE 22: Global Above 100 Segment Market Share, By Region 2023 to 2033
TABLE 23: Global Above 100 Segment Y-o-Y, By Region 2018 to 2033
TABLE 24: Global Construction Industry Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 25: Global Construction Industry Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 26: Global Construction Industry Segment Market Share, By Region 2018 to 2022
TABLE 27: Global Construction Industry Segment Market Share, By Region 2023 to 2033
TABLE 28: Global Construction Industry Segment Y-o-Y, By Region 2018 to 2033
TABLE 29: Global Oil & Gas Industry Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 30: Global Oil & Gas Industry Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 31: Global Oil & Gas Industry Segment Market Share, By Region 2018 to 2022
TABLE 32: Global Oil & Gas Industry Segment Market Share, By Region 2023 to 2033
TABLE 33: Global Oil & Gas Industry Segment Y-o-Y, By Region 2018 to 2033
TABLE 34: Global Shipping & Port Building Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 35: Global Shipping & Port Building Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 36: Global Shipping & Port Building Segment Market Share, By Region 2018 to 2022
TABLE 37: Global Shipping & Port Building Segment Market Share, By Region 2023 to 2033
TABLE 38: Global Shipping & Port Building Segment Y-o-Y, By Region 2018 to 2033
TABLE 39: Global Wind Farms Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 40: Global Wind Farms Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 41: Global Wind Farms Segment Market Share, By Region 2018 to 2022
TABLE 42: Global Wind Farms Segment Market Share, By Region 2023 to 2033
TABLE 43: Global Wind Farms Segment Y-o-Y, By Region 2018 to 2033
TABLE 44: Global Others Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 45: Global Others Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 46: Global Others Segment Market Share, By Region 2018 to 2022
TABLE 47: Global Others Segment Market Share, By Region 2023 to 2033
TABLE 48: Global Others Segment Y-o-Y, By Region 2018 to 2033
TABLE 49: North America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 50: North America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 51: North America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2018 to 2022
TABLE 52: North America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2023 to 2033
TABLE 53: North America Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 54: North America Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 55: Latin America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 56: Latin America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 57: Latin America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2018 to 2022
TABLE 58: Latin America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2023 to 2033
TABLE 59: Latin America Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 60: Latin America Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 61: Europe Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 62: Europe Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 63: Europe Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2018 to 2022
TABLE 64: Europe Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2023 to 2033
TABLE 65: Europe Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 66: Europe Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 67: Japan Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 68: Japan Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 69: Japan Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2018 to 2022
TABLE 70: Japan Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2023 to 2033
TABLE 71: Japan Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 72: Japan Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 73: APEJ Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 74: APEJ Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 75: APEJ Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2018 to 2022
TABLE 76: APEJ Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2023 to 2033
TABLE 77: APEJ Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 78: APEJ Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 79: MEA Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 80: MEA Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 81: MEA Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2018 to 2022
TABLE 82: MEA Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonne) 2023 to 2033
TABLE 83: MEA Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 84: MEA Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
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List Of Figures
FIG. 01: Global Market Value (US$ Mn), 2018 to 2022
FIG. 02: Global Market Value (US$ Mn) Forecast, 2023 to 2033
FIG. 03: Global Market Value (US$ Mn) and Y-o-Y, 2018 to 2033
FIG. 04: Global Upto 35 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 05: Global Upto 35 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 06: Global Upto 35 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 07: Global 35 - 50 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 08: Global 35 - 50 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 09: Global 35 - 50 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 10: Global 50 - 100 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 11: Global 50 - 100 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 12: Global 50 - 100 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 13: Global Above 100 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 14: Global Above 100 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 15: Global Above 100 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 16: Global Construction Industry Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 17: Global Construction Industry Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 18: Global Construction Industry Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 19: Global Oil & Gas Industry Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 20: Global Oil & Gas Industry Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 21: Global Oil & Gas Industry Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 22: Global Shipping & Port Building Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 23: Global Shipping & Port Building Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 24: Global Shipping & Port Building Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 25: Global Wind Farms Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 26: Global Wind Farms Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 27: Global Wind Farms Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 28: Global Others Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 29: Global Others Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 30: Global Others Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 31: North America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 32: North America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 33: North America Market Value (US$ Mn), By Lifting Capacity (Tonne) 2018 to 2022
FIG. 34: North America Market Value (US$ Mn), By Lifting Capacity (Tonne) 2023 to 2033
FIG. 35: North America Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 36: North America Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 37: Latin America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 38: Latin America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 39: Latin America Market Value (US$ Mn), By Lifting Capacity (Tonne) 2018 to 2022
FIG. 40: Latin America Market Value (US$ Mn), By Lifting Capacity (Tonne) 2023 to 2033
FIG. 41: Latin America Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 42: Latin America Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 43: Europe Market Value (US$ Mn), By Country 2018 to 2022
FIG. 44: Europe Market Value (US$ Mn), By Country 2023 to 2033
FIG. 45: Europe Market Value (US$ Mn), By Lifting Capacity (Tonne) 2018 to 2022
FIG. 46: Europe Market Value (US$ Mn), By Lifting Capacity (Tonne) 2023 to 2033
FIG. 47: Europe Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 48: Europe Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 49: Japan Market Value (US$ Mn), By Country 2018 to 2022
FIG. 50: Japan Market Value (US$ Mn), By Country 2023 to 2033
FIG. 51: Japan Market Value (US$ Mn), By Lifting Capacity (Tonne) 2018 to 2022
FIG. 52: Japan Market Value (US$ Mn), By Lifting Capacity (Tonne) 2023 to 2033
FIG. 53: Japan Market Value (US$ Mn), By 2018 to 2022
FIG. 54: Japan Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 55: APEJ Market Value (US$ Mn), By Country 2018 to 2022
FIG. 56: APEJ Market Value (US$ Mn), By Country 2023 to 2033
FIG. 57: APEJ Market Value (US$ Mn), By Lifting Capacity (Tonne) 2018 to 2022
FIG. 58: APEJ Market Value (US$ Mn), By Lifting Capacity (Tonne) 2023 to 2033
FIG. 59: APEJ Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 60: APEJ Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 61: MEA Market Value (US$ Mn), By Country 2018 to 2022
FIG. 62: MEA Market Value (US$ Mn), By Country 2023 to 2033
FIG. 63: MEA Market Value (US$ Mn), By Lifting Capacity (Tonne) 2018 to 2022
FIG. 64: MEA Market Value (US$ Mn), By Lifting Capacity (Tonne) 2023 to 2033
FIG. 65: MEA Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 66: MEA Market Value (US$ Mn), By End Use 2023 to 2033
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the rough terrain crane market in 2023?
The global rough terrain crane market is valued at US$ 7.85 billion in 2023.
What is the projected market value for 2033?
Rough terrain crane sales are projected to reach US$ 14.1 billion by 2033.
At what CAGR will the global market for rough terrain cranes expand?
The market for rough terrain cranes is projected to rise at 6% CAGR from 2023 to 2033.
What is the major advantage of a rough terrain crane?
The key benefit of a rough terrain crane is its ability to maneuver through unfavorable terrain and obstacles while handling heaving loads.
Is a rough terrain crane a mobile crane?
Yes, all rough terrain cranes are mobile cranes.
Who are the leading manufacturers of rough terrain cranes?
Terex Corporation, Kato Works Co. Ltd., Sany Heavy Industry Co., Ltd., and Tadano Ltd. are renowned companies in the industry.