Asia Pacific (APAC) Crane Market (2020-2026) | Value, Companies, Industry, Growth, Revenue, Size, Share, Analysis, Trends, Outlook, Forecast & COVID-19 IMPACT

Asia Pacific crane market has registered robust growth due to surging demand for construction equipment, developing infrastructure and increasing mining industries. Various developing countries are presenting different improvements and guidelines for expanding the infrastructure which drives the demand for the crane market in the Asia Pacific for public and private buildings. Asia Pacific market is projected to register a decline in demand during 2020, due to the occurrence of COVID-19, which has lead to an economic slowdown globally. Major countries in the Asia Pacific region has witnessed a lockdown during the first half of 2020

According to 6wresearch, Asia Pacific (APAC) Crane Market is expected to grow during 2020-2026.  The demand for cranes in the utility sector is increasing in the Asia Pacific region owing to rapid urbanization and modernization. In the Asia Pacific region, China is the leading crane market due to the presence of the largest manufacturers of cranes all over the world. The government of China has pushed the infrastructure industry to bypass projects for the development of road construction, smart city, and other public services, which would create demand for the crane market. Moreover, India consists of flourishing industries in the construction sector owing to rapid urbanization, increasing population, and growing government expenditure in infrastructure projects leading to the growth of the Asia Pacific crane market.

Based on types, the mobile crane segment is expected to dominate the Asia Pacific crane market as it provides a high level of strength and flexibility as related to other cranes. Mobile cranes are expected to be less time-consuming as compared to manual workers. Furthermore, the construction segment is also projected to grow in this region due to growing infrastructural activities in a commercial and residential area during the forecast period.

The Asia Pacific Crane Market report comprehensively covers the market by types, applications and countries including India, China, Japan, Australia, Malaysia, Thailand, Indonesia, and the Rest of the Asia Pacific region. The Asia Pacific Crane market outlook provides an unbiased and detailed analysis of the on-going Asia Pacific Crane market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific crane market is anticipated to register sound revenues during the forecast period 2020-26F on the back of the profound growth of construction, mining, and oil & gas industries. Additionally, less human intervention with physical work which is leading to declining in labor injuries during construction work is expected to augment the adoption of cranes for carrying forward the construction activities effectively and is anticipated to leave a positive impact on the overall market growth of Asia Pacific crane market and in the countries, especially, Japan and India were, the construction sector is experiencing significant with scaling development each year. Moreover, the India crane market is estimated to generate lucrative opportunities in the market owing to the launch of bullet trains, a project on which the country is working and is about to accomplish in the coming timeframe. The high degree construction of bullet trains require crane machines to lift heavy objects during the development of train structure and is anticipated to generate significant demand projections for crane machines in the country for the same in the coming years and is anticipated to benefit the Indian crane market which is, further, expected to leave a positive impact on the growth of the Asia Pacific crane market during the forecast period.

Asia Pacific crane market is anticipated to gain traction in the forthcoming years backed by the rise in the potential growth of the retail, transport, and manufacturing sectors. Additionally, the automotive industry especially India, Japan, and China is gaining popularity due to an increase in the adoption of electric vehicles and has led to rising manufacturing and maintenance process and as a result, is likely to require overhead cranes to lift automobile parts which are act as a positive factor driving impressive growth of the Asia Pacific Cranes Market in the coming years. The major key players in the Asia pacific cranes market are Zoomlion heavy industry science & technology Co. Ltd., Furukawa Unic corporation, Link-belt corporation Equipment Co.

 Key Highlights of the Report:

• Asia Pacific Crane Market Overview.
• Asia Pacific Crane Market Outlook.
• Historical Data of Asia Pacific Crane Market Revenues & Volume for the Period 2016-2019.
• Asia Pacific Crane Market Size and Asia Pacific Crane Market Forecast of Revenues and Volume until 2026.
• Historical Data of Asia Pacific Crane Market Revenues and Volume, By applications, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Crane Market Revenues and Volume, By applications, until 2026
• Historical Data of Asia Pacific Crane Market Revenues and Volume, By types, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Crane Market Revenues and Volume, By types, until 2026
• Historical Data of China Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of China Crane Market Revenues and Volume, until 2026
• Historical Data of India Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of India Crane Market Revenues and Volume, until 2026
• Historical Data of Australia Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Australia Crane Market Revenues and Volume, until 2026
• Historical Data of Japan Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Japan Crane Market Revenues and Volume, until 2026
• Historical Data of Malaysia Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Malaysia Crane Market Revenues and Volume, until 2026
• Historical Data of Indonesia Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Indonesia Crane Market Revenues and Volume, until 2026
• Historical Data of Thailand Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Thailand Crane Market Revenues and Volume, until 2026
• Historical Data of Rest of Asia Pacific Crane Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Rest of Asia Pacific Crane Market Revenues and Volume, until 2026
• Market Drivers and Restraints
• Asia Pacific Crane Market Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Crane Market Share, By Players
• Asia Pacific Crane Market Share, By Regions
• Asia Pacific Crane Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific Crane Market report provides a detailed analysis of the following market segments:

• By Types:
  • Mobile Crane
  • Fixed Crane
  • Marine and Offshore Crane
• By Applications:
  • Industrial Applications
  • Marine and offshore
  • Mining and Excavation
  • Construction
  • Other Applicants
• By Countries:
  • China
  • India
  • Japan
  • Australia
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of Asia Pacific

Others Key Reports Available:

• China Crane Market Report
• India Crane Market Report
• Japan Crane Market Report
• Australia Crane Market Report
• Malaysia Crane Market Report
• Thailand Crane Market Report
• Indonesia Crane Market Report

Frequently Asked Questions About the Market Study (FAQs):