Projections point to a 4.8% CAGR for Carry Deck Crane Market, with $802.41 Million by 2032

Carry Deck Crane Market Size Worth $802.41 Million By 2032 | CAGR: 4.8%


The global carry deck crane market size is expected to reach USD 802.41 million by 2032, according to a new study by Polaris Market Research. The report “Carry Deck Crane Market Share, Size, Trends, Industry Analysis Report, By Type (Mobile Cranes, Telescopic Cranes, Tower Cranes, and Truck-Mounted Cranes); By Capacity; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapid rate of urbanization and extensive infrastructure projects, particularly in emerging economies, and surging use of carry deck cranes at ports and shipyards for loading and unloading goods from ships along with the rising technological advancements in crane technology that led to the development of more efficient and environmentally friendly models, driving the global market growth.

Additionally, the increase in R&D activities and focus on developing new crane models with enhanced capabilities and features while aligning with sustainability standards set by several regulatory agencies is further escalating the growth of the market at a drastic pace. For instance, in March 2023, Broderson Manufacturing Corporation introduced a new carry deck crane at the ConExpo 2023 in Las Vegas. It is a zero-emission version of the Broderson IC-80 crane & is designed by U.S.-based class 5 through 8 e-truck manufacturer Xos.

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In recent years, many carry deck crane manufacturers have focused on the integration of innovative technologies like telematics and the Internet of Things into their equipment that enables real-time monitoring of crane performance, maintenance needs, and location tracking and also facilitates predictive maintenance to reduce downtime, which in turn, creating lucrative market growth opportunities.

As safety remained a top priority in the construction and mining projects, manufacturers all over the world continued to introduce new and advanced safety features such as anti-two-block systems, collision avoidance technology, and load moment indicators to prevent accidents and enhance job site safety and help companies to generate huge growth and revenue potential for the market.

Carry Deck Crane Market Report Highlights

  • The mobile cranes segment accounted for a noteworthy share, mainly due to its use to perform several crucial tasks, including maintenance and installation of components
  • The 21 to 50 tons’ segment led the industry market on account of the growing need for cranes with high-loading or unloading capacity and proliferation at ports and shipyards
  • The mining segment will grow at a decent growth rate, which is largely accelerated by increasing demand for minerals and resources to meet the needs of the global population
  • North America dominated the global market with a considerable share, owing to a rise in international trade and a surging number of infrastructure projects across the region
  • The key market players include Manitex International, The Liebherr Group, Mitsubishi Heavy Industries, Broderson Manufacturing, and Bailey Specialty Crane and Aerials

Polaris Market Research has segmented the carry deck crane market report based on type, capacity, application, and region:

Carry Deck Crane, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Mobile Cranes
  • Telescopic Cranes
  • Tower Cranes
  • Truck-mounted Cranes

Carry Deck Crane, Capacity Outlook (Revenue - USD Million, 2019 - 2032)

  • Less Than 5 Tons
  • 5 to 10 Tons
  • 11 to 15 Tons
  • 16 to 20 Tons
  • 21 to 50 Tons
  • Above 50 Tons

Carry Deck Crane, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Construction & Infrastructure
  • Manufacturing
  • Mining
  • Oil & Gas

Carry Deck Crane, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Carry Deck Crane Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 524.84 million

Revenue Forecast in 2032

USD 802.41 million

CAGR

4.8% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments Covered

By Type, By Capacity, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, regions, and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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