China - 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
Germany, Poland and Italy Are the Main Suppliers on the Chinese Crane Market
IndexBox has just published a new report "China: Crane – Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.
Cranes Consumption in China Recorded a Steady Upward Trend
According to IndexBox estimates, China’s cranes market attained a figure of X thousand units, X thousand units (or +X%) more than in 2015. This resulted from a robust market expansion from 2010-2016, driven by strong economy and foreign trade growth, as well as an increase in construction amid ongoing urbanization and increasing incomes.
China’s Cranes Market Is Entirely Buoyed by Domestic Production
In 2016, China's cranes market was based almost totally on domestic production (X% in physical terms, and X% in value terms), proving that China is not dependent on the global cranes market.
In 2016, per capita cranes consumption in China was estimated at X units/thousand person, with an annual increase of +X% from 2007 to 2016. In value terms, per capita cranes consumption in China amounted to X USD/year, with a CAGR of +X%.
The Cranes Market in China Is to Continue Its Consumption Trend at a Robust Pace
Cranes are consumed largely in construction, mining and other industries, as well as transport infrastructure facilities. The development of these industries is determined by the general state of the economy and the volume of investment in fixed assets, as well as urbanization processes and the development of trade intensity (which leads to an increase in the volume of cargo transshipment).
Driven by the tangible economic growth in China, as well as a strong impact from infrastructural construction and, to a lesser extent, some industrial construction in the inner China, the cranes market is expected to continue its robust upward consumption trend over the next nine years.
The performance of the market is forecast to increase at an average annual rate of +X% for the nine-year period from 2015 to 2025, which is projected to lead the market volume to X thousand units by the end of 2025.
China’s Cranes Manufacturing Illustrated Double-digit Growth
China’s cranes manufacturing reached to X thousand units, illustrated a positive dynamic in volume terms of production over the past seven years, increasing with a CAGR of +X% from 2007 to 2016. In value terms, production of cranes in the China also showed positive dynamics, fluctuating only slightly in certain years. In 2016 the value of production stood at X billion USD.
China Remains a Net Exporter of Cranes
Over the period under review, China was a net exporter of cranes. In physical and value terms, exports consistently exceeded imports from 2007 to 2016. In 2016, net exports amounted to X thousand units. In the medium term, no significant reduction is projected regarding the disparities in the export and import figures for cranes. In value terms, the difference in the trade balance was also notable due to lower export prices.
The U.S. Was the Main Comsumer of China Cranes Exports
In 2016, China’s cranes exports amounted to X million USD, with a CAGR of +X%. In physical terms, China’s cranes exports stood at X units in 2016. There was an annual increase of +X%.
In 2016, ships' derricks; cranes, incl. cable cranes was the largest share of exports (X%). It was followed by overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes and mobile lifting frames (X% share of the total exports). From 2007 to 2016, among these types overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes and mobile lifting frames had the highest growth rates of +X%, while ships' derricks; cranes, incl. cable cranes had more slowly growth rates of +X%.
The U.S. was the main comsumer of China cranes exports, making up X% share of the total exports. The U.S. became the fastest growing country of destination. From 2007 to 2016, average annual growth rates of cranes exports to the U.S. was +X%. Also the share of the U.S. increased significantly by +X percentage points from 2007 to 2016, while the shares of the balance of the countries remained relatively stable throughout the analyzed period.
Germany, Poland and Italy Were the Main Suppliers of Cranes to China
In value terms, China’s cranes imports amounted to X million USD, with an annual decrease of -X% for the period from 2007 to 2016. The volume of China’s cranes imports stood at X units in 2016; there was an annual decrease of -X%.
In 2016, among types of China’s crans import overhead travelling cranes on fixed support held the largest share (X%). It was followed by ships' derricks; cranes, incl. cable cranes (X%), portal or pedestal jib cranes (X%), and cranes designed for mounting on road vehicles (X%). While portal or pedestal jib cranes showed positive dynamics, othes countries illustrated negative dynamcis from 2007 to 2016.
In 2016, Germany (X%), Poland (X%) and Italy (X%) were the main exporting countries of cranes to the China, together making up X% of total imports.
Among these countries Poland had the highest growth rates of exports, with an annual increase of +X%. The other major exporting countries illustrated more moderate growth over the last nine years.
Germany, Poland and Italy significantly strengthened their position in terms of the China’s imports from 2007 to 2016. While other countries indicated negative dynamics (excluding the Republic of Korea, which remained relatively stable ) throughout the analyzed period.
Do you want to know more about the crane market in China? 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 import
- crane export
- crane market forecast
- crane price forecast
- key crane producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the crane market in China. 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 2025.
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 Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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