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    China Crane Market

    ID: MRFR/PNT/44151-HCR
    111 Pages
    Snehal Singh
    September 2025

    China Crane Market Research Report: By Crane Type (Industrial Cranes, Offshore Cranes, Port Cranes, Others) andBy Crane Application (Construction, Mining, OilGas, ShippingPort, Others)- Forecast to 2035.

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    China Crane Market Infographic
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    China Crane Market Summary

    The China Crane market is projected to grow from 5.06 USD Billion in 2024 to 9.39 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    China Crane Key Trends and Highlights

    • The market valuation is expected to reach 9.39 USD Billion by 2035, indicating substantial growth potential.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 5.78 percent.
    • In 2024, the market is valued at 5.06 USD Billion, laying a solid foundation for future expansion.
    • Growing adoption of advanced lifting technologies due to increased infrastructure development is a major market driver.

    Market Size & Forecast

    2024 Market Size 5.06 (USD Billion)
    2035 Market Size 9.39 (USD Billion)
    CAGR (2025-2035) 5.78%

    Major Players

    China National Heavy Duty Truck Group, Manitowoc, Shantui, Doosan, Wacker Neuson, Fiori Group, Liugong, Terex, XCMG, Liebherr, Sany, Zoomlion, Volvo Construction Equipment, Kobelco, Hitachi Construction Machinery

    China Crane Market Trends

    Urbanization and industrial growth are driving a number of significant market trends in the Chinese crane industry. The need for cranes in the area is fueled by the quick growth of infrastructure projects, especially in the transportation, building, and energy sectors.

    Construction activities are increasing as a result of the government's commitment to creating smart cities and improving transportation networks, including highways, airports, and railroads.

    Furthermore, the movement toward technologically sophisticated cranes with features like automation and remote operation is a result of the growing emphasis on efficiency and safety in construction processes. Given that the Chinese government encourages green building and sustainable construction methods, there are a lot of prospects to investigate in the market.

    Because they have less of an impact on the environment, cranes that run on electricity or hybrid versions are becoming more popular. Manufacturers can capitalize on this expanding market by creating energy-efficient versions in light of the continuous shift to environmentally friendly alternatives.

    Additionally, current patterns show that crane operations throughout China are increasingly utilizing digital technologies. In line with the larger trend of digital transformation in the construction sector, the integration of IoT-enabled devices and data analytics into crane control improves operational efficiency and safety.

    Businesses that invest in smart technology will be firmly at the forefront of the market thanks to the significant development possibilities presented by this digitalization trend. China's economic policies' objectives support the continuous demand for sophisticated lifting solutions, which makes the crane market more and more essential to the nation's infrastructure aspirations.

    Market Segment Insights

    Crane Market Crane Type Insights

    Crane Market Crane Type Insights

    The China Crane Market offers a diverse array of solutions categorized under the Crane Type segment, operating as a pivotal component in various sectors within the nation's rapid industrial growth. The anticipated growth trajectory of the overall market reflects a significant transformation driven by urbanization and escalating infrastructure projects.

    As one of the key segments, Industrial Cranes play a crucial role in manufacturing facilities, warehouses, and construction sites, significantly enhancing productivity and operational efficiency by facilitating the movement of heavy materials.

    This segment is further supported by China's commitment to advancing its manufacturing capabilities and integrating technology, leading to the development of intelligent crane systems that optimize performance.

    Port Cranes represent another vital segment, primarily due to China's extensive coastline and its position as a global shipping hub. The efficiency of container handling and logistics is underpinned by advanced port crane solutions, which facilitate seamless operations in bustling ports like Shanghai and Shenzhen.

    Overall, the Crane Type segmentation provides insights into the flexible and dynamic nature of the China Crane Market, showcasing how various categories respond to the demands of a rapidly evolving economy and consistently contribute to the overall industry growth within the nation.

    This focus aligns with the Chinese government's emphasis on infrastructural expansion, industrial modernization, and a commitment to environmental sustainability, further solidifying China's stature as a leader in the global crane market.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Crane Market Crane Application Insights

    Crane Market Crane Application Insights

    The Crane Application segment within the China Crane Market plays a crucial role in various industries, significantly contributing to the nation's infrastructure and economic development. Construction stands as a dominant area, driven by China's ongoing urbanization and large-scale projects like residential complexes and highways.

    Mining operations also rely heavily on cranes for the movement of heavy machinery and materials, which is critical given China’s vast resource extraction needs. In the Oil Gas sector, cranes facilitate the transportation and installation of equipment, ensuring efficiency in extraction and processing.

    Similarly, the Shipping Port segment benefits from cranes for loading and unloading cargo, enabling efficient trade activities as China continues to expand its global shipping capacity. The 'Others' segment encompasses diverse applications, showcasing the versatility of cranes across various industrial applications.

    Overall, the China Crane Market segmentation demonstrates a robust growth trajectory, with each area presenting unique growth drivers and opportunities that align with national development goals and infrastructure demands.

    Get more detailed insights about China Crane Market Research Report - Forecast 2035

    Key Players and Competitive Insights

    The China Crane Market has experienced significant growth driven by rapid urbanization, infrastructure development, and rising demand for construction machinery. Given the vast construction activities and government initiatives aimed at enhancing transport and infrastructure networks, this market has become increasingly competitive.

    Many local and international players are vying for market share, engaging in strategic partnerships, product innovations, and competitive pricing strategies to position themselves successfully in a landscape marked by fierce rivalry.

    The entry of advanced technologies in crane manufacturing has also compelled businesses to upgrade their offerings to meet consumer expectations while addressing sustainability and efficiency requirements. China National Heavy Duty Truck Group has established a formidable presence in the China Crane Market due to its extensive experience in manufacturing and a strong distribution network.

    Recognized for their robust and reliable cranes, the company benefits from their substantial investments in research and development, leading to innovation in crane technology. This has enabled China National Heavy Duty Truck Group to cater to various segments within the market, offering cranes that meet diverse operational needs.

    The company's established relationships with suppliers and stakeholders further bolster its market position, while its focus on enhancing product quality has differentiated it from competitors. The firm's strategic approach to capitalizing on regional demand trends has solidified its reputation as a market leader in cranes, making it a critical player to watch in China's dynamic construction industry.

    Manitowoc has also made significant inroads into the China Crane Market, noted for its innovative lifting solutions and high-quality products. The company delivers a range of products, including mobile cranes, tower cranes, and crawler cranes tailored to meet the demands of the Chinese construction sector.

    With a strong emphasis on technological advancement, Manitowoc leverages its global expertise to address local challenges, ensuring that its offerings are well-suited for regional projects. Strengthened by strategic mergers and acquisitions, Manitowoc has expanded its manufacturing capabilities and distribution channels in China, enhancing its market presence.

    The firm also actively invests in partnerships with local enterprises, facilitating knowledge transfer and enhancing its brand visibility within the competitive landscape. This adaptive approach, combined with a focus on customer-centric solutions, positions Manitowoc as a vital contributor to the crane market in China, where demand for innovative and reliable lifting equipment continues to grow.

    Key Companies in the China Crane Market market include

    Industry Developments

    Recent developments in China's crane market reveal a dynamic landscape, with significant contributions from major players such as XCMG, Sany, and Zoomlion. As of August 2023, XCMG launched an advanced hydraulic crane model boasting improved lifting efficiency, responding to the growing needs of infrastructure projects across China.

    Concurrently, Sany reported substantial growth, capitalizing on the government's investment in urban construction and smart city initiatives, which have fueled demand for advanced machinery. Manitowoc has also made strategic moves, increasing its market presence through collaborations aimed at enhancing product offerings tailored to the Chinese market.

    In terms of mergers and acquisitions, a noteworthy transaction occurred in June 2023, when Shantui acquired a local company specializing in intelligent construction technology, strengthening its foothold in the high-tech sector. Furthermore, the valuation of companies in this sector has surged due to rising demand, with companies like Liebherr and Doosan reporting increased revenues owing to robust sales performance.

    In the past two years, regulatory support from the Chinese government has also contributed positively to the market, promoting sustainable practices and innovation in crane manufacturing. As of September 2023, the growth trajectory suggests a vibrant future for the China crane market.

    Market Segmentation

    Outlook

    • Construction
    • Mining
    • OilGas
    • ShippingPort
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 4.93(USD Billion)
    MARKET SIZE 2024 5.06(USD Billion)
    MARKET SIZE 2035 9.39(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.774% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED China National Heavy Duty Truck Group, Manitowoc, Shantui, Doosan, Wacker Neuson, Fiori Group, Liugong, Terex, XCMG, Liebherr, Sany, Zoomlion, Volvo Construction Equipment, Kobelco, Hitachi Construction Machinery
    SEGMENTS COVERED Crane Type, Crane Application
    KEY MARKET OPPORTUNITIES Infrastructure development surge, Renewable energy projects expansion, Urbanization driving construction growth, Advanced automation technologies integration, Safety and efficiency enhancements.
    KEY MARKET DYNAMICS infrastructure development growth, government regulations and policies, increasing demand for automation, environmental sustainability trends, investment in renewable energy
    COUNTRIES COVERED China

    FAQs

    What is the expected market size of the China Crane Market in 2024?

    The China Crane Market is expected to be valued at 5.06 USD Billion in 2024.

    What is the projected market size of the China Crane Market by 2035?

    By 2035, the market is projected to be valued at 9.39 USD Billion.

    What is the expected CAGR for the China Crane Market from 2025 to 2035?

    The expected compound annual growth rate (CAGR) for the market from 2025 to 2035 is 5.774%.

    Who are the major players in the China Crane Market?

    Key players in the market include China National Heavy Duty Truck Group, Manitowoc, Shantui, and Sany, among others.

    What is the market value for Industrial Cranes in 2024?

    The market value for Industrial Cranes is projected at 2.02 USD Billion in 2024.

    What is the expected market value for Offshore Cranes by 2035?

    The expected market value for Offshore Cranes by 2035 is 2.18 USD Billion.

    What is the market size for Port Cranes in 2024?

    In 2024, the market size for Port Cranes is anticipated to be 1.44 USD Billion.

    What are the growth drivers for the China Crane Market?

    Growth drivers for the market include urbanization, industrial expansion, and infrastructure development.

    How will the global economic scenario impact the China Crane Market?

    The global economic scenario may influence demand patterns, affecting growth and investment in the market.

    What is the expected market value for 'Others' segment of Cranes by 2035?

    The expected market value for the 'Others' segment of Cranes by 2035 is 0.78 USD Billion.

    China Crane Market Research Report - Forecast 2035 Infographic
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