Transporter And Bridge Cranes Market

The article provides a detailed analysis of the global market for transporter, gantry, and bridge cranes. It forecasts a steady growth in market volume and value from 2022 to 2030, with a focus on consumption and production trends. Key insights include the significant contraction in consumption and production in 2022, followed by a notable expansion and decline in subsequent years. The analysis also highlights the top consuming, producing, importing, and exporting countries, with a focus on growth rates and price trends. Overall, the article offers a comprehensive overview of the current state and future outlook of the transporter and bridge cranes market.

Market Forecast

Driven by increasing demand for transporter cranes, gantry cranes and bridge cranes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 437K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $42.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Transporter Cranes, Gantry Cranes And Bridge Cranes

Global transporter and bridge cranes consumption contracted markedly to 358K units in 2022, with a decrease of -27.3% on the previous year. Overall, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak volume of 493K units, and then dropped significantly in the following year.

The global transporter and bridge cranes market size dropped to $34.1B in 2022, which is down by -8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $37.1B, and then declined in the following year.

Consumption By Country

The country with the largest volume of transporter and bridge cranes consumption was Jordan (87K units), accounting for 24% of total volume. Moreover, transporter and bridge cranes consumption in Jordan exceeded the figures recorded by the second-largest consumer, China (34K units), threefold. Egypt (29K units) ranked third in terms of total consumption with an 8% share.

In Jordan, transporter and bridge cranes consumption increased at an average annual rate of +78.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: China (-0.1% per year) and Egypt (+25.0% per year).

In value terms, China ($20.1B) led the market, alone. The second position in the ranking was taken by the Philippines ($2.2B). It was followed by India.

In China, the transporter and bridge cranes market remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the Philippines (+15.0% per year) and India (+7.8% per year).

In 2022, the highest levels of transporter and bridge cranes per capita consumption was registered in Jordan (8,442 units per million persons), followed by Singapore (1,768 units per million persons), Bolivia (583 units per million persons) and the Netherlands (544 units per million persons), while the world average per capita consumption of transporter and bridge cranes was estimated at 45 units per million persons.

From 2012 to 2022, the average annual growth rate of the transporter and bridge cranes per capita consumption in Jordan amounted to +74.4%. In the other countries, the average annual rates were as follows: Singapore (+50.0% per year) and Bolivia (+48.7% per year).

Production

World Production of Transporter Cranes, Gantry Cranes And Bridge Cranes

Global transporter and bridge cranes production contracted significantly to 265K units in 2022, which is down by -35.8% on the year before. In general, production, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of 199%. Global production peaked at 614K units in 2017; however, from 2018 to 2022, production failed to regain momentum.

In value terms, transporter and bridge cranes production contracted to $31.7B in 2022 estimated in export price. Overall, production, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2015 with an increase of 181%. Global production peaked at $98B in 2016; however, from 2017 to 2022, production failed to regain momentum.

Production By Country

Jordan (87K units) constituted the country with the largest volume of transporter and bridge cranes production, accounting for 33% of total volume. Moreover, transporter and bridge cranes production in Jordan exceeded the figures recorded by the second-largest producer, China (39K units), twofold. Italy (15K units) ranked third in terms of total production with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Jordan amounted to +79.2%. In the other countries, the average annual rates were as follows: China (+0.4% per year) and Italy (+15.2% per year).

Imports

World Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

In 2022, overseas purchases of transporter cranes, gantry cranes and bridge cranes increased by 20% to 128K units, rising for the second consecutive year after three years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 44%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, transporter and bridge cranes imports rose significantly to $2.3B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 23% against the previous year. As a result, imports reached the peak of $3.2B. From 2017 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

In 2022, Egypt (29K units) and the United States (20K units) represented the key importers of transporter cranes, gantry cranes and bridge cranesacross the globe, together accounting for approx. 38% of total imports. Singapore (12K units) held a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by India (8.9%), Bolivia (5.5%) and Canada (5.2%). Myanmar (4.1K units), Indonesia (3.8K units), Vietnam (2.9K units) and Nigeria (2K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bolivia (with a CAGR of +51.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Singapore ($266M), India ($179M) and the United States ($172M) constituted the countries with the highest levels of imports in 2022, together accounting for 27% of global imports. Indonesia, Vietnam, Nigeria, Canada, Myanmar, Egypt and Bolivia lagged somewhat behind, together accounting for a further 19%.

In terms of the main importing countries, Bolivia, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average transporter and bridge cranes import price stood at $17,608 per unit in 2022, dropping by -11.3% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 24%. Over the period under review, average import prices reached the maximum at $33,486 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($38,433 per unit), while Bolivia ($267 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.5%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

In 2022, global exports of transporter cranes, gantry cranes and bridge cranes soared to 35K units, jumping by 33% compared with 2021 figures. Overall, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 595% against the previous year. The global exports peaked at 502K units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports surged to $2.6B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. The global exports peaked at $3.7B in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports By Country

China (4.7K units), Singapore (4.2K units), the United States (3.6K units), South Korea (2.9K units), Ireland (2.5K units), Thailand (2K units), Germany (1.8K units), Japan (1.8K units), India (1.6K units), South Africa (1.4K units), Turkey (1.1K units) and Italy (0.8K units) represented roughly 81% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +40.2%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.7B) remains the largest transporter and bridge cranes supplier worldwide, comprising 64% of global exports. The second position in the ranking was taken by Ireland ($255M), with a 9.8% share of global exports. It was followed by Germany, with a 6.4% share.

In China, transporter and bridge cranes exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ireland (+9.0% per year) and Germany (+2.2% per year).

Export Prices By Country

The average transporter and bridge cranes export price stood at $74,845 per unit in 2022, reducing by -7% against the previous year. Over the period under review, the export price, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,266% against the previous year. As a result, the export price reached the peak level of $89,474 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($357,272 per unit), while South Africa ($2,050 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform