Global Truck Crane Market 2023

Truck Crane Market Size

The global truck crane market amounted to $X in 2021, surging by 11% against the previous year. Overall, consumption, however, continues to indicate a pronounced decline. Over the period under review, the global market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Truck Crane Production

In value terms, truck crane production rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Truck Crane Exports

Exports

In 2021, approx. X units of truck cranes were exported worldwide; growing by 32% compared with 2020. Overall, exports, however, recorded a slight reduction. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, truck crane exports soared to $X in 2021. In general, exports, however, recorded a noticeable decrease. Over the period under review, the global exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Germany (X units) and China (X units) were the key exporters of truck cranesacross the globe, together reaching near 69% of total exports. It was distantly followed by the Netherlands (X units), comprising an 8.6% share of total exports. The United States (X units) and Belgium (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +2.7%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest truck crane supplier worldwide, comprising 58% of global exports. The second position in the ranking was taken by China ($X), with a 16% share of global exports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled -1.1%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-4.8% per year) and the Netherlands (+1.6% per year).

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, with a decrease of -4.2% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the other global leaders experienced a decline in the export price figures.

Truck Crane Imports

Imports

In 2021, the amount of truck cranes imported worldwide soared to X units, with an increase of 25% on the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, truck crane imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a slight downturn. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units), the Netherlands (X units) and Australia (X units) was the key importer of truck cranes in the world, generating 33% of total import. Russia (X units) took a 5.1% share (based on physical terms) of total imports, which put it in second place, followed by Canada (4.5%). The United Arab Emirates (X units), Brazil (X units), South Korea (X units), Italy (X units), Myanmar (X units), the UK (X units), France (X units) and Japan (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +71.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest truck crane importing markets worldwide were the United States ($X), Australia ($X) and the Netherlands ($X), with a combined 24% share of global imports.

Australia, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average truck crane import price stood at $X per unit in 2021, almost unchanged from the previous year. In general, the import price, however, saw a pronounced slump. The growth pace was the most rapid in 2018 an increase of 1.6%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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