According to HTF MI, “Global Arm Crane Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030″. The Global Arm Crane Market is anticipated to grow at a compound annual growth rate (CAGR) of 6.79% from 2024 to 2030, reaching USD 26.3 Billion in 2024 and USD 41.5 Billion by 2030.
Arm cranes, also known as articulated cranes, are lifting devices composed of multiple segments joined by joints, allowing flexibility in movement.
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Key and developing players who have been highlighted as part of the coverage include Liebherr (Switzerland), Tadano Ltd. (Japan), Terex Corporation (United States), Manitowoc (United States), SANY Heavy Industry Co., Ltd. (China), XCMG Group (China), Zoomlion Heavy Industry Science and Technology Co., Ltd. (China), Konecranes (Finland), Cargotec Corporation (Finland), Palfinger AG (Austria).
Arm Crane
Market Drivers
• Expansion of construction and infrastructure projects worldwide.
Market Trend
• Increasing demand for compact and versatile lifting solutions.
Market Opportunities
• Emergence of smart cities and urban development initiatives.
Market Restraints
• High initial investment costs associated with advanced arm crane models.
Market Challenges
• Intense competition among key market players leading to pricing pressures.
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Key Market Segmentation:
The report has categorized the Arm Crane market based on type, distribution channel, and region.
Market Breakdown by Applications:
• Telescopic cranes, Knuckle boom cranes, Stiff boom cranes
Market Breakdown by Types:
• Construction, Mining, Logistics, Utilities
Report Scope
The Market size value in 2024 (USD 26.3 Billion) Revenue Forecast by 2033 (USD 41.5 Billion)
Growth Rate CAGR Of (6.79%) Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Liebherr (Switzerland), Tadano Ltd. (Japan), Terex Corporation (United States), Manitowoc (United States), SANY Heavy Industry Co., Ltd. (China), XCMG Group (China), Zoomlion Heavy Industry Science and Technology Co., Ltd. (China), Konecranes (Finland), Cargotec Corporation (Finland), Palfinger AG (Austria)
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Key highlights of the report:
• Arm Crane Market Performance (2019-2023)
• Arm Crane Market Outlook (2024-2030)
• Arm Crane Market Trends
• Arm Crane Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
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Criag Francis
HTF Market Intelligence Consulting Pvt Ltd
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