Mini Cranes Market

EV Battery Thermal Management Systems Market was valued at USD 2,061 Million in 2020 and expected to grow at 28.8% CAGR over the forecast period.

Introduction of the Mini Cranes Market Report

Mini cranes refer to cranes that are designed small and compact for lifting weight, moving material, and different objects beyond human limits. The mini crane is primarily used in low access confined areas and restricted space in various industry sectors, especially docks and other sectors of the transport and shipping industry, construction, warehouse, manufacturing.

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Market Dynamic

Key Drivers and Emerging Trends

Rising urbanization coupled with the growth in the infrastructure development sector, the increasing demand for safer and more environmentally friendly lifting machines, and growing applications of mini cranes in various end-use industries including residential construction, industrial management, railway depots, and material handling & logistics are expected to drive the growth of the mini cranes market size. Additionally, the compact dimensions, easy maneuverability, and safe operations offered by mini cranes are further expected to stimulate the growth of the market over the forecast period. Moreover, mini cranes can be powered by various power options including electricity, diesel, and gas; can be remote-controlled; and they can be used in situations to decrease risk on a construction site, which is expected to increase the demand for mini cranes during the forecast period.

Restraint in the Mini Cranes Market

However, the outbreak of COVID 19 has delayed construction projects and affected the manufacturing industries, which is expected to restraint the demand for mini cranes over the forecast period.

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Lifting Capacity – Segment Analysis

Based on the lifting capacity, 2.5 to the 4.9-ton capacity mini crane is expected to account for a prominent share in the market owing to its rising preference for applications in construction, glass glazing, glass construction, facade construction, window construction, and maintenance of equipment.

Type – Segment Analysis

Based on the type, the spider crane is expected to hold a significant market share over the forecast period owing to its light and compact design which is ideal for lifting operations and handling loads on uneven and rugged terrain with maximum stability. For instance, the UNIC URW-094 manufactured by Furukawa Unic Corporation is one of the smallest and lightest mini crawler cranes capable of lifting heavy loads of almost a tonne and use for glass installation, cladding, steel, and much more.

Operation – Segment Analysis

Based on the operation, battery operated segment is anticipated to witness significant growth during the forecast period. This can be attributed to the increasing awareness regarding greenhouse gas emissions and the rising adoption of renewable energy sources across the world.

End-Use Sector – Segment Analysis

Based on the end-use sector, construction is expected to account for a notable share in the market over the forecast period primarily due to its accessibility to confined places at construction sites and growing use of mini cranes for applications including construction material handling, glass glazing, curtain wall installation, lifting material from the ground, and other activities. Moreover, the rising expansion of construction activities across emerging nations including India, China, UAE, Saudi Arabia, and others is further supporting the global mini cranes market size growth.

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Regional – Segment Analysis:

Asia Pacific is expected to grow at a significant CAGR during the forecast period owing to the increasing infrastructure development and rising end-use industries including the steel industry, oil & gas, and power generation, and others. The presence of leading companies including Furukawa Unic Corporation, R&B Engineering Co., Ltd., and Maeda Seishakusho Co., Ltd. Is further expected to contribute to the growth of the mini cranes market.

Top Market Players

Several leading Mini Cranes companies operating in the market, include, Furukawa Unic Corporation, Hoeflon International B.V., Linamar Corporation, Microcranes, Inc., R&B Engineering Co., Ltd., Promax Access, Jekko s.r.l., Maeda Seishakusho Co., Ltd., BG Lift, and Manitex Valla, among others.

Key Developments:

• • In 2020, Jekko S.r.l., an Italian mini crane manufacturer launched the SPX650, a medium-sized electric mini crane. The SPX650 has a maximum lifting capacity of 5.5 tons, a maximum working height of 54 feet, and a maximum outreach of 46 feet.

Segments covered in the Report:

The global Mini Cranes market has been segmented on the basis of lifting capacity, type, operation, end-use sector, key regions. Based on lifting capacity, the market is segmented into Lifting Capacity Up to 1 ton, 1 to 1.8 ton, 2 to 2.4 ton, 2.5 to 4.9 ton, 5 to 10 ton, 11 to 22 ton. By type, the market is segmented into spider crane, crawler crane, pick and carry cranes. Based on the operation, the market is segmented into fuel operated and battery operated. Based on the end use sector, the market is segmented into industrial, construction, marine, material handling & logistics, and others.

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Key questions answered in this research report:

• • At what pace is global Mini Cranes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Mini Cranes Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Mini Cranes Market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various end-use sectors of global Mini Cranes Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Mini Cranes Market by Lifting Capacity

• • Up to 1 ton
  • 1 to 1.8 ton
  • 2 to 2.4 ton
  • 5 to 4.9 ton
  • 5 to 10 ton
  • 11 to 22 ton

Global Mini Cranes Market by Type

• • Spider Crane
  • Crawler Crane
  • Pick and Carry Cranes

Global Mini Cranes Market by Operation

• • Fuel Operated
  • Battery Operated

Global Mini Cranes Market by End-Use Sector

• • Industrial
  • Construction
  • Marine
  • Material Handling & Logistics
  • Others

Global Mini Cranes Market by Region

• • North America Mini Cranes Market (Option 1: As a part of the free 25% customization)
    • North America Mini Cranes Market by Lifting Capacity
    • North America Mini Cranes Market by Type
    • North America Mini Cranes Market by Operation
    • North America Mini Cranes Market by End-Use Sector
    • US Mini Cranes Market All-Up
    • Canada Mini Cranes Market All-Up
  • Europe Mini Cranes Market (Option 2: As a part of the free 25% customization)
    • Europe Mini Cranes Market by Lifting Capacity
    • Europe Mini Cranes Market by Type
    • Europe Mini Cranes Market by Operation
    • Europe Mini Cranes Market by End-Use Sector
    • UK Mini Cranes Market All-Up
    • Germany Mini Cranes Market All-Up
    • France Mini Cranes Market All-Up
    • Spain Mini Cranes Market All-Up
    • Rest of Europe Mini Cranes Market All-Up
  • Asia-Pacific Mini Cranes Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Mini Cranes Market by Lifting Capacity
    • Asia-Pacific Mini Cranes Market by Type
    • Asia-Pacific Mini Cranes Market by Operation
    • Asia-Pacific Mini Cranes Market by End-Use Sector
    • China Mini Cranes Market All-Up
    • India Mini Cranes Market All-Up
    • Japan Mini Cranes Market All-Up
    • Rest of APAC Mini Cranes Market All-Up
  • RoW Mini Cranes Market (Option 4: As a part of the free 25% customization)
    • RoW Mini Cranes Market by Lifting Capacity
    • RoW Mini Cranes Market by Type
    • RoW Mini Cranes Market by Operation
    • RoW Mini Cranes Market by End-Use Sector
    • Brazil Mini Cranes Market All-Up
    • South Africa Mini Cranes Market All-Up
    • Saudi Arabia Mini Cranes Market All-Up
    • UAE Mini Cranes Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Mini Cranes Market All-Up

Major Players Operating in the Mini Cranes Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Furukawa Unic Corporation
  • Hoeflon International B.V.
  • Linamar Corporation
  • Microcranes, Inc. 
  • R&B Engineering Co., Ltd.
  • Promax Access
  • Jekko s.r.l
  • Maeda Seishakusho Co., Ltd.
  • BG Lift
  • Manitex Valla