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Wheel Crane Market

Wheel Crane Market

Wheel Crane Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0253

Segments Covered
  • By Type Truck-mounted, Sidelifter, All Terrain, Rough Terrain, Telescopic Handler
  • By Application Oil & Gas, Utilities, Construction, Shipping & Port Building, Other End Users
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 16.23 Billion
Revenue 2028Revenue 2028: 26.56 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 6.35
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Wheel Crane market was valued at USD 16.23 Billion in 2020 and is projected to reach USD 26.56 Billion by 2028, growing at a CAGR of 6.35% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 26.56 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 6.35%

Overview and Description

A wheel crane is a cable-controlled crane installed on a wheeled vehicle. They are created to easily carry to a site and used with various types of load and cargo with limited or no setup or equipment.


This report provides an analysis of the Wheel Crane market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Wheel Crane market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

Yearly Infographics 16.23 Billion 26.56 Billion

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Wheel Crane market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The primary factor that is driving the wheel cranes market is the increasing mega constructional activities in several developing regions and the increasing demand for the smart cities. The major factors that favors the growth of the market is rise in the investments that are made by the private sector organizations and the government for the infrastructural development. Furthermore, the growing demand for the high capacity lifting triggers the demand for the specialized products which include mobile cranes which is also expected to support the growth of the market in the years to come. 

The rising demand for the wheel crane from the emerging economies of Asia Pacific such as India, China, Indonesia, and Thailand is also expected to fuel the growth of the wheel crane market in the years to come. 

The high cost of installation is expected to hinder the growth of the wheel crane market in the years to come.

Global Wheel Crane Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered XCMG Construction Machinery, Hitachi Sumitomo Heavy Industries Construction Crane, The Manitowoc Company, KATO WORKS, Liebherr Group, Terex Corporation, Sany Heavy Industry, Tadano, Zoomlion Heavy, Industry Science and Technology, Kobelco Construction Machinery.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Type, the market is divided into Truck-mounted, Sidelifter, All Terrain, Rough Terrain, Telescopic Handler. Mercaptans dominated the global Wheel Crane market in 2020 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Oil & Gas, Utilities, Construction, Shipping & Port Building, Other End Users. Food & Beverages accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Wheel Crane Market: Type Segment Analysis

    • Truck-mounted
    • Sidelifter
    • All Terrain
    • Rough Terrain
    • Telescopic Handler

Global Wheel Crane Market: Application Segment Analysis

    • Oil & Gas
    • Utilities
    • Construction
    • Shipping & Port Building
    • Other End Users

Regional Analysis: Preview

Based on the geography, the global Wheel Crane market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Wheel Crane Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Wheel Crane market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Wheel Crane market are XCMG Construction Machinery, Hitachi Sumitomo Heavy Industries Construction Crane, The Manitowoc Company, KATO WORKS, Liebherr Group, Terex Corporation, Sany Heavy Industry, Tadano, Zoomlion Heavy, Industry Science and Technology, Kobelco Construction Machinery..  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

Global Wheel Crane Market: Key Highlights

  • The global Wheel Crane market was valued at USD 16.23 Billion in 2020
  • The global Wheel Crane Market is projected to reach USD 26.56 Billion by 2028
  • Asia Pacific held the highest share of the Wheel Crane market in 2020
  • Some of the major companies operating in the Wheel Crane market are XCMG Construction Machinery, Hitachi Sumitomo Heavy Industries Construction Crane, The Manitowoc Company, KATO WORKS, Liebherr Group, Terex Corporation, Sany Heavy Industry, Tadano, Zoomlion Heavy, Industry Science and Technology, Kobelco Construction Machinery.

FAQ
Frequently Asked Question
  • The global Wheel Crane valued at 16.23 Billion in 2020 and is expected to reach 26.56 Billion in 2028 growing at a CAGR of 6.35%.

  • The prominent players in the market are XCMG Construction Machinery, Hitachi Sumitomo Heavy Industries Construction Crane, The Manitowoc Company, KATO WORKS, Liebherr Group, Terex Corporation, Sany Heavy Industry, Tadano, Zoomlion Heavy, Industry Science and Technology, Kobelco Construction Machinery..

  • The market is project to grow at a CAGR of 6.35% between 2021 and 2028.

  • The driving factors of the Wheel Crane include

    • The primary factor that is driving the wheel cranes market is the increasing mega constructional activities in several developing regions and the increasing demand for the smart cities. The major factors that favors the growth of the market is rise in the investments that are made by the private sector organizations and the government for the infrastructural development. Furthermore, the growing demand for the high capacity lifting triggers the demand for the specialized products which include mobile cranes which is also expected to support the growth of the market in the years to come.
    • The rising demand for the wheel crane from the emerging economies of Asia Pacific such as India, China, Indonesia, and Thailand is also expected to fuel the growth of the wheel crane market in the years to come.

  • Asia Pacific was the leading regional segment of the Wheel Crane in 2020.