World - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Crane Market - New Crane Introduced by Manitowoc in China
Source: Manitowoc Cranes
China never ceases to impress: the latest luffing jib crane produced at Manitowoc's Zhangjiagang plant is believed to be one of the most flexible and versatile cranes in the world. This MCR X crane has a ten tonne capacity and up to X meters of main jib, with a capacity of X tonnes at the end of the jib. It is the second crane of this type assembled at this China-based facility, along with MCR X A.
According to Kwong-Joon Leong, regional product manager for Manitowoc tower cranes, the new crane has the advantage of excellent fit and flexibility. It can be mounted on narrow X and X m wide mast sections, which makes this crane highly versatile and fit for a greater number of projects.
Manitowoc is an international company headquartered in the U.S. that focuses on food service products and construction. With the establishment of a manufacturing facility in Zhangjiagang, China, the Asia-Pacific region has begun playing a crucial role for the company. Contractors and rental companies of this region are expected to maintain their interest in more efficient cranes, such as the MCR X. A complete restructuring of the sales and service network in this region has seen the opening of dozens of new offices, putting the company in a stronger position.
Since China dominates on the crane market, the choice of a location for Manitowoc's large crane manufacturing facility was a quite obvious one. In 2014, China exported X units of cranes totaling X million USD, X% under the previous year. Its primary trading partner was Singapore, where it supplied X% of its total crane exports in value terms, accounting for X% of Singapore's total imports.
From 2007 to 2014, China was a net exporter of derricks, cranes, mobile lifting frames and straddle carriers. Over this period, exports consistently exceeded imports in value terms. In physical terms this difference was even more pronounced.
Germany and Japan were among the other main global suppliers of derricks, cranes, mobile lifting frames and straddle carriers in 2014. However, the fastest growing exporter from 2007 to 2014 was Ireland (+X% per year). Despite this, it was China that significantly strengthened its position in the global export structure.
China's top X trading partners in 2014 were Singapore, the United Arab Emirates, the U.S., Malaysia and Indonesia, with a combined X% share of China's exports of derricks, cranes, mobile lifting frames and straddle carriers. The share of Malaysia increased modestly (+X percentage points), while the share of the United Arab Emirates illustrated negative dynamics (-X percentage points).
Do you want to know more about the global crane market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- crane market share
- crane prices
- crane industry
- crane sales
- crane market forecast
- crane price forecast
- key crane producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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