Crawler Cranes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

New York, NY -- (SBWire) -- 12/19/2018 --Top Five Companies Account for Over 28% Revenue Share of the Crawler Cranes Market

The crawler cranes market continues to remain a fragmented landscape with presence of various large and medium-scale participants. In the fragmented scenario, top five companies involved in the manufacturing of crawler cranes account for a significant share of the overall crawler cranes market.

Tier 1 companies such as Liebherr International AG, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., XCMG Construction Machinery Co. Ltd., and Sany Heavy Industry Co., collectively account for a share of more than 28 percent of the crawler cranes market.

Get Free Exclusive Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2236

Tier 1 companies in the crawler cranes market have been focusing on the Asia Pacific region to expand their sales footprint. They have been acquiring new contracts for crawler cranes in Asian countries and are developing new production plants. For instance, in December 2017, Zoomlion Heavy Industry Science and Technology Co., Ltd., secured a new contract to supply QUY180 crawler cranes for construction of viaduct of expressway in Djakarta (Indonesia).

Liebherr International AG is focusing on strengthening its position in India. It is planning to establish new plant for development of crawler cranes used in construction.

OSHA's Crane Rule Update by November 10, 2018 – Regulating the Crawler Cranes Marketplace

Regulatory authorities are transforming the construction equipment space by updating rules regarding work practices to protect employees during use of crawler cranes. OSHA Final Cranes and Derricks Rule is expected to come into effect on 10th November 2018. This rule has includes mandates regarding national certification for operators of crawler cranes in a bid to reduce accidents during field operations. In line with OSHA's crane rule, NCCCO (National Commission for the Certification of Crane Operators) has laid down various requirements to earn operator certification, including age limits, medical requirements and passing of written and practical exams.

Ask For Customized Report @ https://www.factmr.com/connectus/sample?flag=RC&rep_id=2236

VR Trend to Penetrate the Crawler Crane Training Space

Availability of skilled personnel to operate mobile cranes such as crawler cranes has always been a challenge for companies. In addition, training operators to efficiently run crawler cranes is time-consuming. Inexperience in running crawler cranes can lead to increased wear and tear as well as loss in operational efficiency and fuel. This resulted in the adoption of training simulations to extend training program scope and provide operators an innovative platform to experience operations crawler cranes without directly exercising on the field. However, traditional simulations are associated with high costs, zero natural depth perception owing to two-dimensional screen and less profitability.

In a bid to solve these problems, companies are using VR (virtual reality) that solves these challenges. Using VR, the trainee can have a real-time experience owing to the three-dimensional perception. The trend of VR is likely to proliferate in the crawler cranes, providing revolutionary training program and assessment platform for companies.  

'Rental' Trend to Benefit OEMs – Influential Factor for Crawler Cranes Market Growth 

Significant costs associated with crawler cranes has triggered trend of renting of these equipment. The renting trend, however, is likely to auger well for the overall growth of crawler cranes as renting companies are expanding their crawler cranes fleet. For instance, Bigge Crane and Rigging Co., had been investing in crawler cranes provided by Kobelco Construction Machinery Co., Ltd. It continues to invest in Kobelco for its new crawler cranes – the CK110G-2 – which will expand Bigge's crawler cranes fleet by around 10 percent in 2018, reaching a count of 250 crawler cranes. Bigge has been renting Kobelco's crawler cranes since 15 years and looks forward to continue its partnership with the crawler cranes OEM.

Likewise, AGD Rental, the first rental company in UK, offers hydraulic crawler cranes. It offers low capacity crawler cranes ranging from 50 – 100 tons for compact-area applications such as tunneling.

Request Brochure of this Report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2236

Rising Infrastructure Projects Presenting Potential Growth Avenues

Commercial infrastructure is projected to expand at a stellar pace owing to growing urbanization and infrastructure activities. Increasing focus on development of value service industries along with growing economic diversification has presented potential avenues for crawler cranes. For instance, Chenab River Railway Bridge project in India, which is expected to conclude by 2019 and Grand Paris project are expected to present significant growth opportunities for growth of mobile crane market and crawler cranes are no exception. Likewise, a funding of US$ 11.4 billion has been initiated by National Development and Reform Commission (NDRC) in the development of rail lines in Changchun (China) in 2018. Also, the European Union has invested around €700 million in innovative and sustainable transport and infrastructure in 2018. Such growing infrastructure projects and investments worldwide remain instrumental in driving demand for crawler cranes.

Competitive Landscape

The crawler cranes market report covers profiles of participants that are involved in the manufacturing of crawler cranes. Key aspects of competition including product portfolio, developments, new product launches, new technologies adopted, key strategies and innovations and key financials are covered in the crawler market report. The report on crawler cranes market has profiled companies such as Kobelco Construction Machinery Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Liebherr International AG, The Manitowoc Company Inc., and Terex Corporation.

The companies involved in the manufacturing of crawler cranes are largely and actively involved in developing new crawler cranes with enhanced features such as higher lifting capacities. Kobelco Construction Machinery Co. Ltd. has launched hydraulic crawler cranes in 2018. Kobelco's CK3300G-2, CKE3000G and CKS3000 are multipurpose hydraulic crawler cranes that feature high lifting capacities of 300 MT.

In 2018, Liebherr International AG has unveiled 800 ton LR 1800-1.0 new crawler cranes that are designed for maximum performance. These crawler cranes are suited for petrochemicals and power plant construction applications. These new crawler cranes have VarioTray with derrick ballast and enable low cost transport.

Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., has launched new lattice boom crawler cranes with 80 tons capacity that feature enhanced operator comfort via a 1,040 mm wide operator cabin along with enhanced design that facilitates reduced downtime and maintenance.

The Manitowoc Company Inc., has launched MLC100-1 crawler cranes with a 100 ton capacity, making them the quickest crawler cranes to erect and assemble. These crawler cranes enable significant time saving and faster tear-down times.

Palfinger AG has introduced new crawler cranes mounted on crawler chassis. These new crawler cranes include a modular system with three modules – the crane, counterweight and crawler – that can be individually operated and combined. These crawler cranes are capable of working on difficult terrains such as during construction of power lines and cable lifts.

Companies in the crawler cranes market are investing a substantial amount in research for developing new prototypes. For instance, Jekko s.r.l has been investing over 10 percent of personal costs in research to develop new crawler cranes. Recently, Jekko introduced JF545 crawler cranes that are lighter due to absence of counterweight, offer high performance and feature infinite lifting capabilities. JF545 crawler cranes are available in both diesel and electric engines.

Definition

Crawler cranes are mobile cranes that are available with either lattice or telescopic boom that is mounted on undercarriage. The undercarriage is fitted with crawler tracks that facilitate mobility and stability. Lifting capacity of crawler cranes ranges from less than 150 to more than 600 tons. Crawler cranes are used in various application areas such as construction, wind farms, oil & gas and shipping.

About the Report

The crawler cranes market report is an extensive intelligence study covering all vital facets circling the crawler cranes space. The crawler cranes market report includes analysis on various aspects influencing the growth of the crawler cranes market. Key dynamics such as trends, drivers, challenges and opportunities are provided in the crawler cranes market report. The report on crawler cranes market also includes information on demand and sales of crawler cranes across key regions in the globe, in turn presenting a holistic picture of crawler cranes marketplace. The crawler cranes market report also includes historic data on crawler cranes sales, current crawler cranes scenario and crawler cranes adoption forecast highlights for a period of 10 years.

Market Structure

The crawler cranes market has been segmented in-depth to include every angle in the study. The crawler cranes market has been segmented on the basis of boom type, by maximum load capacity (tons), by end use industry and region. The boom type crawler cranes are categorized into lattice boom and telescopic boom crawler cranes. In the maximum load capacity, the crawler cranes are categorized into <150 tons, 150-300 tons, 300-600 tons and >600 tons. By end use industry, crawler cranes demand across applications such as oil & gas industry, wind farms, construction and shipping & port building is revealed.

The crawler cranes market has been assessed across key regions of North America, Latin America, Europe, CIS & Russia, Japan, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA).

Get more Information about this Report @ https://www.factmr.com/report/2236/crawler-cranes-market

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/