World - Overhead Travelling Cranes On Fixed Support - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the expected growth of the global market for overhead travelling cranes on fixed support from 2022 to 2030. It highlights the trends in market performance, including a forecasted increase in both volume and value. Data on global consumption, production, exports, and imports are provided, with insights into key consuming and producing countries. The article also covers average import and export prices for overhead travelling cranes, showing fluctuations and trends over the analyzed period.
Market Forecast
Driven by increasing demand for overhead travelling cranes on fixed support worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 181K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $24.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Overhead Travelling Cranes On Fixed Support
Global overhead travelling crane consumption totaled 147K units in 2022, approximately reflecting the previous year. The total consumption volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 7.3%. Global consumption peaked in 2022 and is expected to retain growth in years to come.
The global overhead travelling crane market value contracted modestly to $15.6B in 2022, with a decrease of -2.9% 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; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $16.8B. From 2020 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (22K units), Denmark (15K units) and the United States (13K units), together comprising 34% of global consumption.
From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +44.7%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($1.9B), the United States ($1.7B) and Japan ($1.7B) constituted the countries with the highest levels of market value in 2022, with a combined 34% share of the global market. India, Brazil, Pakistan, Turkey, Russia, Canada, South Korea, Denmark, Germany and Italy lagged somewhat behind, together comprising a further 37%.
Among the main consuming countries, Denmark, with a CAGR of +42.8%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of overhead travelling crane per capita consumption was registered in Denmark (2,537 units per million persons), followed by Germany (70 units per million persons), Canada (58 units per million persons) and Japan (55 units per million persons), while the world average per capita consumption of overhead travelling crane was estimated at 19 units per million persons.
In Denmark, overhead travelling crane per capita consumption increased at an average annual rate of +44.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-4.8% per year) and Canada (+0.8% per year).
Production
World Production of Overhead Travelling Cranes On Fixed Support
For the eleventh year in a row, the global market recorded growth in production of overhead travelling cranes on fixed support, which increased by 4.7% to 152K units in 2022. The total output volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.9%. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in years to come.
In value terms, overhead travelling crane production reduced to $15.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Over the period under review, global production reached the peak level at $18.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (33K units) remains the largest overhead travelling crane producing country worldwide, accounting for 22% of total volume. Moreover, overhead travelling crane production in China exceeded the figures recorded by the second-largest producer, Denmark (15K units), twofold. The third position in this ranking was taken by the United States (13K units), with an 8.3% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +6.5%. The remaining producing countries recorded the following average annual rates of production growth: Denmark (+44.6% per year) and the United States (+5.5% per year).
Imports
World Imports of Overhead Travelling Cranes On Fixed Support
In 2022, approx. 9.9K units of overhead travelling cranes on fixed support were imported worldwide; with an increase of 9.6% against 2021. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Over the period under review, global imports hit record highs at 16K units in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, overhead travelling crane imports rose rapidly to $927M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 19%. Over the period under review, global imports attained the peak figure at $1B in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, Qatar (1.8K units), distantly followed by the United States (910 units), Indonesia (697 units) and the UK (504 units) were the key importers of overhead travelling cranes on fixed support, together comprising 39% of total imports. The following importers - Israel (342 units), France (301 units), India (298 units), the Netherlands (200 units), Russia (194 units), Thailand (192 units), Bangladesh (186 units), Iran (179 units) and Nigeria (176 units) - together made up 21% of total imports.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +29.4%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest overhead travelling crane importing markets worldwide were the UK ($90M), Indonesia ($50M) and Israel ($48M), together comprising 20% of global imports.
Among the main importing countries, the UK, with a CAGR of +29.4%, saw 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 overhead travelling crane import price stood at $93,653 per unit in 2022, remaining constant against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, overhead travelling crane import price decreased by -17.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 111%. Global import price peaked at $124,381 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($177,899 per unit), while Qatar ($2,802 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+6.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Overhead Travelling Cranes On Fixed Support
For the third year in a row, the global market recorded growth in overseas shipments of overhead travelling cranes on fixed support, which increased by 62% to 16K units in 2022. Over the period under review, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, overhead travelling crane exports surged to $848M in 2022. Overall, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The global exports peaked at $1B in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
China prevails in exports structure, accounting for 11K units, which was approx. 67% of total exports in 2022. It was distantly followed by the United States (775 units), constituting a 5% share of total exports. The following exporters - Italy (399 units), Germany (371 units), Spain (369 units), India (305 units), Turkey (301 units) and the Czech Republic (250 units) - together made up 13% of total exports.
China was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of +17.2% from 2012 to 2022. At the same time, the Czech Republic (+17.2%), India (+6.4%) and the United States (+5.6%) displayed positive paces of growth. Turkey, Italy and Spain experienced a relatively flat trend pattern. By contrast, Germany (-7.8%) illustrated a downward trend over the same period. While the share of China (+38 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Turkey (-2 p.p.), Spain (-2.9 p.p.), Italy (-2.9 p.p.) and Germany (-9.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($262M) remains the largest overhead travelling crane supplier worldwide, comprising 31% of global exports. The second position in the ranking was taken by Italy ($54M), with a 6.4% share of global exports. It was followed by Germany, with a 5.9% share.
From 2012 to 2022, the average annual growth rate of value in China amounted to -1.8%. In the other countries, the average annual rates were as follows: Italy (+1.7% per year) and Germany (-7.1% per year).
Export Prices By Country
In 2022, the average overhead travelling crane export price amounted to $54,220 per unit, which is down by -22.8% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs at $137,002 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($148,073 per unit), while China ($24,890 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global overhead travelling crane market. 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 28221420 - Overhead travelling cranes on fixed support
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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