Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction) and Competitive Landscape
Product Code: ETC002209 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Crane market currently, in 2023, has witnessed an HHI of 1888, Which has increased slightly as compared to the HHI of 1818 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Australia Crane Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Construction |
The Australia Crane Market report thoroughly covers the market by Types and Applications. The market report provides an unbiased and detailed analysis of the ongoing 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.
The Australia Crane Market has seen steady growth in recent years. The crane market in Australia is expected to continue its growth in the coming years. The increasing urbanization, growing construction industry, investments in infrastructure projects, and advanced technologies are some of the driving factors contributing to the growth of the market.
According to 6Wresearch, the Australia Crane Market size is expected to grow at a significant CAGR of 6.5% during 2025-2031. The government investments in large-scale infrastructure projects such as railways, roadways, and airports to support economic growth and enhance connectivity across the country have led to the demand for cranes in Australia. The growth of the construction industry is driven by investments in residential, commercial and other infrastructure projects. This has raised the demand for cranes in the country. With the introduction of technologies, cranes have become more efficient, secure, and productive, thus making them popular among construction companies. Moreover, the increasing demand for renewable energy projects raised the demand for wind turbines and solar farms which require cranes to perform specialised tasks.
Cranes are expensive equipment, and their maintenance and operation costs further make them expensive. This makes it challenging for small and medium-sized businesses to invest in it. Highly skilled workers are required to operate cranes which is lacking in the market. Moreover, the strict regulations for crane operations such as regular inspections and certifications, are time-consuming and costly for companies.
The Australia crane market is dominated by major players such as Manitowoc, Tadano Ltd., Liebherr Group, Terex Corporation, Zoomlion Heavy Industry Science & Technology Co. Ltd., XCMG Group, Kobelco Construction Machinery Co. Ltd., Kato Works Co. Ltd., and Sany Group. These companies hold a significant market share and are continuously investing in research and development to introduce new and advanced crane models.
One of the main initiatives is the National Construction Code (NCC), which sets out minimum requirements for construction and building work in Australia and includes cranes and lifting equipment regulations. Additionally, the government has also implemented a CraneSafe certification scheme, which requires all mobile cranes used on construction sites to be inspected and certified every 12 months. The government has also introduced the National Heavy Vehicle Regulator (NHVR) to improve safety and productivity in the heavy vehicle industry, including cranes.
The Australia Crane Market is expected to grow in the coming years due to the increase in construction activities and infrastructure development projects in industries such as mining, oil & gas, and renewable energy. Technological advancements such as remote control and automation, are also expected to play a significant role in the market. Moreover, the growing trend towards rental services for cranes is also expected to drive market growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the mobile crane segment is expected to hold a major share of the Australia crane market due to increasing demand for efficient and versatile cranes in construction and industrial applications. These cranes have become more compact, powerful, and capable of handling heavy loads with the advancements in technology and design.
In terms of applications, the construction segment will dominate the market during the forecast period. The growing infrastructure development projects in Australia, especially in urban areas and rising investments in commercial and residential buildings, are fueling the demand for cranes in this sector.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Australia Crane Market Overview |
3.1 Australia Crane Market Revenues and Volume, 2021-2031F |
3.2 Australia Crane Market Revenue Share, By Types, 2021 & 2031F |
3.3 Australia Crane Market Revenue Share, By Applications, 2021 & 2031F |
3.4 Australia Crane Market Revenue Share, By Regions, 2021 & 2031F |
3.5 Australia Crane Market - Industry Life Cycle |
3.6 Australia Crane Market - Porter’s Five Forces |
4. Australia Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Australia Crane Market Trends |
6. Australia Crane Market Overview, by Types |
6.1 Australia Mobile Cranes Market Revenues and Volume, 2021-2031F |
6.2 Australia Fixed Cranes Market Revenues and Volume, 2021-2031F |
6.3 Australia Marine & Offshore Cranes Market Revenues and Volume, 2021-2031F |
7. Australia Crane Market Overview, by Applications |
7.1 Australia Crane Market Revenue and Volumes, By Industrial, 2021-2031F |
7.2 Australia Crane Market Revenue and Volumes, By Construction, 2021-2031F |
7.3 Australia Crane Market Revenue and Volumes, By Mining & Excavation, 2021-2031F |
7.4 Australia Crane Market Revenue and Volumes, By Marine & Offshore, 2021-2031F |
7.5 Australia Crane Market Revenue and Volumes, By Others, 2021-2031F |
8. Australia Crane Market Competitive Landscape |
8.1 Australia Crane Market Revenue Share, By Companies, 2024 |
8.2 Australia Crane Market Competitive Benchmarking, By Operating Parameters |
9. Company Profiles |
10. Key Strategic Recommendations |
11. Disclaimer |