World - Transporter Cranes, Gantry Cranes And Bridge Cranes - Market Analysis, Forecast, Size, Trends And Insights
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The article provides a detailed analysis of the global market for transporter, gantry, and bridge cranes. It forecasts a steady growth in market volume and value from 2022 to 2030, with a focus on consumption and production trends. Key insights include the significant contraction in consumption and production in 2022, followed by a notable expansion and decline in subsequent years. The analysis also highlights the top consuming, producing, importing, and exporting countries, with a focus on growth rates and price trends. Overall, the article offers a comprehensive overview of the current state and future outlook of the transporter and bridge cranes market.
Market Forecast
Driven by increasing demand for transporter cranes, gantry cranes and bridge cranes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 437K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $42.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Transporter Cranes, Gantry Cranes And Bridge Cranes
Global transporter and bridge cranes consumption contracted markedly to 358K units in 2022, with a decrease of -27.3% on the previous year. Overall, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak volume of 493K units, and then dropped significantly in the following year.
The global transporter and bridge cranes market size dropped to $34.1B in 2022, which is down by -8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $37.1B, and then declined in the following year.
Consumption By Country
The country with the largest volume of transporter and bridge cranes consumption was Jordan (87K units), accounting for 24% of total volume. Moreover, transporter and bridge cranes consumption in Jordan exceeded the figures recorded by the second-largest consumer, China (34K units), threefold. Egypt (29K units) ranked third in terms of total consumption with an 8% share.
In Jordan, transporter and bridge cranes consumption increased at an average annual rate of +78.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: China (-0.1% per year) and Egypt (+25.0% per year).
In value terms, China ($20.1B) led the market, alone. The second position in the ranking was taken by the Philippines ($2.2B). It was followed by India.
In China, the transporter and bridge cranes market remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the Philippines (+15.0% per year) and India (+7.8% per year).
In 2022, the highest levels of transporter and bridge cranes per capita consumption was registered in Jordan (8,442 units per million persons), followed by Singapore (1,768 units per million persons), Bolivia (583 units per million persons) and the Netherlands (544 units per million persons), while the world average per capita consumption of transporter and bridge cranes was estimated at 45 units per million persons.
From 2012 to 2022, the average annual growth rate of the transporter and bridge cranes per capita consumption in Jordan amounted to +74.4%. In the other countries, the average annual rates were as follows: Singapore (+50.0% per year) and Bolivia (+48.7% per year).
Production
World Production of Transporter Cranes, Gantry Cranes And Bridge Cranes
Global transporter and bridge cranes production contracted significantly to 265K units in 2022, which is down by -35.8% on the year before. In general, production, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of 199%. Global production peaked at 614K units in 2017; however, from 2018 to 2022, production failed to regain momentum.
In value terms, transporter and bridge cranes production contracted to $31.7B in 2022 estimated in export price. Overall, production, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2015 with an increase of 181%. Global production peaked at $98B in 2016; however, from 2017 to 2022, production failed to regain momentum.
Production By Country
Jordan (87K units) constituted the country with the largest volume of transporter and bridge cranes production, accounting for 33% of total volume. Moreover, transporter and bridge cranes production in Jordan exceeded the figures recorded by the second-largest producer, China (39K units), twofold. Italy (15K units) ranked third in terms of total production with a 5.8% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in Jordan amounted to +79.2%. In the other countries, the average annual rates were as follows: China (+0.4% per year) and Italy (+15.2% per year).
Imports
World Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes
In 2022, overseas purchases of transporter cranes, gantry cranes and bridge cranes increased by 20% to 128K units, rising for the second consecutive year after three years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 44%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, transporter and bridge cranes imports rose significantly to $2.3B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 23% against the previous year. As a result, imports reached the peak of $3.2B. From 2017 to 2022, the growth of global imports remained at a somewhat lower figure.
Imports By Country
In 2022, Egypt (29K units) and the United States (20K units) represented the key importers of transporter cranes, gantry cranes and bridge cranesacross the globe, together accounting for approx. 38% of total imports. Singapore (12K units) held a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by India (8.9%), Bolivia (5.5%) and Canada (5.2%). Myanmar (4.1K units), Indonesia (3.8K units), Vietnam (2.9K units) and Nigeria (2K units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bolivia (with a CAGR of +51.1%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Singapore ($266M), India ($179M) and the United States ($172M) constituted the countries with the highest levels of imports in 2022, together accounting for 27% of global imports. Indonesia, Vietnam, Nigeria, Canada, Myanmar, Egypt and Bolivia lagged somewhat behind, together accounting for a further 19%.
In terms of the main importing countries, Bolivia, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average transporter and bridge cranes import price stood at $17,608 per unit in 2022, dropping by -11.3% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 24%. Over the period under review, average import prices reached the maximum at $33,486 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($38,433 per unit), while Bolivia ($267 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.5%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes
In 2022, global exports of transporter cranes, gantry cranes and bridge cranes soared to 35K units, jumping by 33% compared with 2021 figures. Overall, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 595% against the previous year. The global exports peaked at 502K units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
In value terms, transporter and bridge cranes exports surged to $2.6B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. The global exports peaked at $3.7B in 2016; however, from 2017 to 2022, the exports failed to regain momentum.
Exports By Country
China (4.7K units), Singapore (4.2K units), the United States (3.6K units), South Korea (2.9K units), Ireland (2.5K units), Thailand (2K units), Germany (1.8K units), Japan (1.8K units), India (1.6K units), South Africa (1.4K units), Turkey (1.1K units) and Italy (0.8K units) represented roughly 81% of total exports in 2022.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +40.2%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($1.7B) remains the largest transporter and bridge cranes supplier worldwide, comprising 64% of global exports. The second position in the ranking was taken by Ireland ($255M), with a 9.8% share of global exports. It was followed by Germany, with a 6.4% share.
In China, transporter and bridge cranes exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ireland (+9.0% per year) and Germany (+2.2% per year).
Export Prices By Country
The average transporter and bridge cranes export price stood at $74,845 per unit in 2022, reducing by -7% against the previous year. Over the period under review, the export price, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,266% against the previous year. As a result, the export price reached the peak level of $89,474 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($357,272 per unit), while South Africa ($2,050 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for transporter and bridge cranes. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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