Static Crane Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The value of the stationary crane market is estimated to be about 14 billion dollars in 2023, with an expected increase to 20 billion dollars in 2032. This is equivalent to a CAGR of 4.06 percent from 2024 to 2032. The steady growth of the market is mainly due to the following factors: First, the increasing demand for construction and reconstruction, especially in emerging economies. Second, as urbanization accelerates, the need for efficient lifting equipment in construction projects becomes increasingly urgent, driving the use of stationary cranes in various industries. Third, technological progress also plays an important role in the growth of the market. Stationary cranes are now becoming more and more popular among operators and construction companies, because of their automation, enhanced safety performance and energy-saving design. The major manufacturers, such as Liebherr, Terex, and Manitowoc, are constantly investing in research and development, and are constantly launching new products that meet the new requirements of the industry. Fourth, strategic cooperation and cooperation, to increase the product's application field and enhance its service level, are expected to further increase the market competition, and will also contribute to the continuous growth of the stationary crane market.

Regional Market Size

Regional Deep Dive

Static Crane Market is experiencing significant growth across various regions, driven by increasing construction activities, growing demand for new buildings and roads, and the advancements in crane technology. Each region reflects its unique characteristics based on local economic conditions, regulatory framework, and cultural factors. North America, for instance, is characterized by a strong construction sector and a regulatory focus on safety. Europe, on the other hand, is characterized by a focus on innovation and sustainability. Asia-Pacific is characterized by a growing urban population, which is driving the demand for cranes, while the Middle East and Africa is characterized by a growing focus on the construction of large-scale projects. Latin America, with its emerging economies, is also witnessing a steady rise in the adoption of static cranes, driven by an increase in construction activities.

Europe

• In Europe, the push for green construction practices is leading to increased investments in eco-friendly static cranes, with companies like Liebherr and Kato offering models that comply with stringent EU emissions regulations.
• The European Union's Horizon 2020 program is funding research and development projects aimed at improving crane technology, which is expected to foster innovation and enhance operational efficiency in the static crane market.

Asia Pacific

• Static cranes are used in India and China, where urbanization is fast and the construction of the "Delhi-Mumbai Industrial Corridor" and the "One Belt and One Road" are expected to bring about great changes in the construction industry.
• Increasingly, local manufacturers are collaborating with international companies to enhance their technological capabilities, as in the case of the Japanese-Indian partnership for developing a sophisticated crane solution for the region.

Latin America

• In Latin America, countries like Brazil and Mexico are witnessing a gradual recovery in construction activities post-pandemic, leading to a renewed interest in static cranes for both commercial and residential projects.
• Local governments are implementing infrastructure development programs, such as Brazil's Growth Acceleration Program (PAC), which is expected to create a favorable environment for static crane manufacturers and suppliers.

North America

• The American market is seeing a growing demand for electric and hybrid cranes, as the importance of the environment and the reduction of the carbon footprint increase. Terex and Manitowoc are leading the way with products that meet these demands.
• Regulatory changes in safety standards, especially in the United States, are also influencing the market. The Occupational Safety and Health Administration (OSHA) has issued stricter guidelines for crane operation, which have prompted crane manufacturers to increase the safety features of their cranes.

Middle East And Africa

• The Middle East is in the midst of a building boom, particularly in the United Arab Emirates and in Saudi Arabia, where projects such as NEOM and Expo 2020 are causing a growing demand for tower cranes. In these projects, companies like Alimak and JLG are actively involved.
• Government initiatives aimed at diversifying economies away from oil dependency are driving infrastructure investments, which in turn is expected to boost the static crane market as new projects emerge across the region.

Did You Know?

“Did you know that static cranes can lift loads weighing up to 1,000 tons, making them essential for heavy construction projects?” — International Crane and Rigging Conference

Segmental Market Size

Static cranes are currently experiencing a period of steady growth, with rising demand for construction and transport. A number of factors are driving this growth, including the growing need for material handling solutions and the increasing need for safety in the workplace, which necessitates the use of sophisticated lifting equipment. The technological developments in the field of cranes and automation are also bringing an increase in demand. In terms of the use of static cranes, we are currently in the implementation phase. Notable examples of this are the major building projects in urban areas such as New York and Dubai, where companies such as Liebherr and Terex are the market leaders. Static cranes are used in the construction of high-rise buildings, the building of bridges and in heavy industry, where precision and safety are paramount. These cranes are also used for the construction of offshore platforms, such as wind farms, offshore wind farms and offshore wind farms. In terms of trends, the demand for static cranes is being driven by the need for greater safety in the workplace and the growing demand for the use of cranes. The development of telematics and remote control systems is also influencing the development of this market.

Future Outlook

From 2023 to 2032, the global market for stationary cranes will grow from $ 14,190,000,000 to $ 20,300,000,000, with a CAGR of 4.06%. The growth of the market is due to the increasing demand for construction and infrastructural development, especially in emerging economies where urbanization is accelerating. The need for lifting equipment is driving the stationary cranes market in various industries, including construction, manufacturing, and logistics. Also, the development of technology, such as the integration of the Internet of Things and automation in crane operations, is expected to enhance efficiency and security, and further promote market growth. In addition, the stricter safety regulations and the increasing demand for green construction have also led to the use of modern stationary cranes that meet the standards. Moreover, the use of electric and hybrid cranes will also play a major role in shaping the market. Companies are using these cranes to reduce their carbon footprint and operating costs. The global stationary cranes market is expected to be in the spotlight in the near future, driven by the increasing demand for various industries, the technological development, and the support of the government.