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Global crane market to grow again in 2017

Worldwide demand for mobile cranes is expected to bottom-out this year, according to a new Multi-Client Study from Off-Highway Research, The Global Mobile Crane Industry.  Sales of all terrain, lattice boom crawler, rough terrain and truck cranes are expected to total 17,077 units in 2016, and 11% fall from the previous year.

Although the North American market is expected to stay in a trough in 2017, growth elsewhere in the world should see global sales rise by 5%. Continued improvement in market conditions should see demand rise above 20,000 units by 2020.

The forecast for a recovery between 2017 and 2020 is underpinned  by a range of factors including; relatively stable demand in Europe, a recovery in the Chinese market – which is dominated by truck cranes – growth from 2018 onwards in North America and general improvement in rest-of-the-world markets.

Publication of the 250 page report follows a six-month research period. The opening section offers a global overview of the sector, which is followed by detailed analyses of the five key markets: China, Europe, Japan, India and North America.  Each section assesses the structure of the region’s industry: historical crane sales, broken down by type and by weight class, production by manufacturer, further broken down by type and weight class, component sourcing, foreign trade, the active population of machines, average transaction prices, market shares and customer groups, and a five-year forecast. 

The final section of the report offers detailed profiles of 22 of the world’s largest mobile crane manufacturers, followed by details of models available.

Click here to download a brochure and order form

Click here to view the Contents Page

Click here to buy the report online

Click here to see a sample of an Off-Highway Research Multi-Client Study

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