Global Crane and Hoist Market expected to reach USD 43.75 billion by 2032
From GlobeNewswire: 2025-03-03 10:00:00
The global Crane and Hoist Market was valued at USD 30.95 billion in 2023 and is projected to reach USD 43.75 billion by 2032, with a CAGR of 3.92%. Key players include Konecranes, Liebherr, Tadano Ltd., and more. The market is driven by increased construction activities, urbanization, and industry expansion.
In 2023, fixed cranes dominated the market with over 58% share. Hydraulic cranes accounted for over 52% of the market share. The construction industry was the largest end-user, capturing over 32% of the market. Increased urban infrastructure projects and government investments have boosted demand for cranes and hoists.
Asia-Pacific leads the Crane and Hoist Market with over 42% market share in 2023, driven by rapid industrialization and infrastructure development. North America is the fastest-growing region, with booming construction activities and investments in renewable energy projects driving market growth.
In October 2023, Potain introduced the Evy 30-23 4 t self-erecting crane in response to customer feedback, offering simplicity, increased lifting height, and compliance with safety standards. The market report covers market size, key segments, drivers, and recent developments, providing valuable insights for stakeholders. A comprehensive research report on the Crane and Hoist Market for 2024-2032 is available for purchase. The report covers Market Dynamics Impact Analysis, Statistical Insights, Competitive Landscape, Segmentation by Type, Operation, Hoist, Industry, Regional Analysis, Company Profiles, Use Cases, and Best Practices. For more information or customization options, email [email protected].
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