As per Future Market Insights (FMI), the global mini cranes market value is expected to rise from USD 422.2 million in 2023 to USD 761 million by 2033. Global sales of mini cranes between 2023 and 2033 are projected to rise at a robust CAGR of 6%.
Mini cranes are becoming necessary as a result of the growing construction sector and the rise of urbanization. These cranes provide a versatile solution to material handling problems faced by various sectors.
Growth in the global mini cranes industry is driven by several factors. This includes the quick development of emerging nations and the increasing need for versatile material handling equipment in the construction sector.
Mini cranes are capable of moving and lifting objects in hard-to-access areas. This makes them attractive to end users such as the construction sector. These cranes come with various attachments and accessories, such as different types of hooks, slings, and grabs, allowing them to handle a wide range of materials and tasks.
Mini cranes typically use electric or battery-powered systems, resulting in reduced noise pollution and lower emissions compared to traditional diesel-powered cranes. This eco-friendly approach aligns with sustainable construction practices and regulations, contributing to a greener and more sustainable construction industry.
Key Takeaways from the Global Mini Cranes Market:
- Global mini crane sales are anticipated to surge at 0% CAGR during the assessment period.
- Based on type, spider cranes segment is set to exhibit a CAGR of 3% through 2033.
- By end-use sector, construction segment is expected to progress at 1% from 2023 to 2033.
- The United States mini cranes market is forecast to reach US$ 73.2 million by 2033.
- The United Kingdom market is poised to exhibit a CAGR of 0% through 2033.
- Mini cranes demand in China is expected to rise at 6% CAGR over the projection period.
- The mini cranes industry in Japan is predicted to reach a valuation of USD 37.6 million by 2033.
- South Korea mini cranes industry is forecast to thrive at 1% CAGR during the forecast period.
Leading Key Players:
- Jekko SRL
- MAEDA SEISAKUSHO CO., Ltd.
- UNIC-Furukawa Company Ltd.
- Manitex International, Inc. (Valla)
- Hoeflon International B.V.
- Linamar
- Microcranes, Inc.
- R&B Engineering
Recent Developments:
- In 2023, Jekko displayed its novel material handling products including the SPX328 crawler crane model and JF235 bi-energy powered model, at the CONEXPO 2023.
Global Mini Cranes Market Segmentation:
By Lifting Capacity:
- Up to 1 ton
- 1 to 1.8 ton
- 2 to 2.4 ton
- 2.5 to 4.9 ton
- 5 to 10 ton
- 11 to 22 ton
By Type:
- Spider Crane
- Crawler Crane
- Articulated
- Telescopic
- Pick and Carry Cranes
By Operation:
- Fuel Operated
- Battery Operated
By End Use Sector:
- Industrial
- Foundries
- Power Plants
- Others
- Railway Depots
- Construction
- Residential & Commercial
- Industrial
- Civic Infrastructure
- Facility Management
- Commercial
- Industrial
- Marine
- Timber and Lumber
- Material handling and logistics
By Ownership:
- Direct Owned
- OEM Sales
- Dealership Sales
- Rented
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
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