Canada crane market size by volume to reach 6,132 units by 2027


CHICAGO, December 2, 2021 / PRNewswire / – The Canada crane market is expected to grow at a CAGR of 3.70% during the period 2021-2027.

Highlights presented in the report:

  • The crane market in Canada should reach revenues of $ 1.4 billion by 2027.
  • In 2020, the Canadian economy contracted 7.1% due to a supply chain disruption resulting from lockdowns related to COVID-19. The import-export scenario faced similar circumstances during COVID-19. The Canadian government’s long-term plan for the residential and commercial construction industry, as well as investments in infrastructure projects, are the main factors supporting the country’s economic recovery.
  • In 2019, the government of Canada clerk approximately $ 180 billion over 12 years for infrastructure that benefits Canadians, from transit to commercial ports, from broadband networks to energy systems, and from community services to natural areas, by investing in Canada Plan.
  • According to UNCLYD, FDI in Canada fell 34% in 2020 compared to 2019 due to the crisis caused by COVID-19, which resulted in a 69% drop in inward investment flows to developed economies such as the United States, Germany, and the United Kingdom.
  • The Canadian government has developed a sustainable recovery plan from the negative impact of the pandemic and has plans to invest in green infrastructure ($ 26.9 billion), public transport ($ 28.7 billion), trade & transport ($ 10.1 billion), social infrastructure ($ 25.3 billion) and income-generating infrastructure projects.
  • In 2021, the federal and provincial governments of Canada provide a joint financing investment of more than $ 29 million for 19 green infrastructure and water distribution projects across the Ontario Region.
  • However, demand for cranes is expected to rebound to pre-pandemic levels by 2022 due to new precision control technology that will use a remote control and gyroscopes to safely turn and place crane loads even in high places. windy circumstances.
  • The market is highly competitive characterized by the presence of several OEMs including SANY Canada, Manitex International, Manitowoc North America, Zoomlion, Kobelco, Konecranes, Liebherr Group, Terex Corporation, Tadano, XCMG Group and others.
  • The Canada Crane market is expected to grow significantly at a CAGR of 3.70% during the period 2021-2027 with strong demand in the

Key offers:

  • Market Size and Forecast by Volume | 2021-2027
  • Market Size and Forecast by Value | 2021-2027
  • Market dynamics – Key trends, growth drivers, constraints and investment opportunities
  • Market Segmentation – A Detailed Analysis by Crane Type, Application and Lifting Capacity
  • Competitive landscape – 10 key suppliers and 5 other suppliers

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Crane Market in Canada – Segmentation

  • The construction sector in Canada is constantly evolving. The market is driven by advanced technologies that focus on plans such as smart cities and transport infrastructure in Canada.
  • from Canada The mining crane market is expected to reach 473 units by 2027. The segment accounted for 7.6% of the overall crane market in 2020.
  • Floating cranes are mainly used in bridge building and harbor construction. However, they are also used for the occasional loading and unloading of heavy loads on and off ships. The freight transport market / port cranes in Canada should reach $ 141 million by 2027.
  • The mobile crane market is mainly driven by high-end urban development and infrastructure projects. The mobile crane market in Canada is expected to reach 3,122 units by 2027.

Canadian Crane Market by Crane Type

  • Mobile cranes
    • Crawler cranes
    • All terrain cranes
    • All terrain cranes
    • Truck cranes
    • Others
  • Fixed cranes
    • Moving bridge
    • Tower cranes

Canadian Crane Market by Application

  • Construction
  • Mining
  • Freight transport / Port
  • Manufacturing
  • Others

Canadian Crane Market by Lift Capacity

  • 20-100 tons
  • 101-200 tons
  • > 200 tons

Canadian Crane Market – Dynamic

The growing demand for cranes is attributed to investments from developed countries, favorable government policies and FDI, upcoming industrial developments in construction industries and government initiatives like Bruce Power Refurbishment, Ontario Line, etc. The government plans to invest in the green infrastructure, transportation, residential and retail sectors. The government is expected to invest a capital of $ 135 billion in 2021-2031 for the modernization of infrastructures. The government is investing in the development of 200 smart cities by 2030 to improve the living culture of residents and empower communities to innovate across the country. In Canada, the rental business is growing rapidly and gaining momentum in the market. With most OEMs offering rental services in this space, most of the rental equipment market in Canada is dominated by unorganized players.

Key Drivers and Trends Fueling Market Growth:

  • Government investments for the production of electricity through renewable energy projects
  • Increased production of stainless steel
  • Upgrade crane accessories
  • Introduction of innovative technology

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Why should you buy this report?

This report is among the few in the market that offers analysis forecast of the outlook and opportunity in terms of:

  • Volume (Unit sales)
    • Crane type
    • Application
    • Lifting capacity
  • Value (USD)
    • Crane type
    • Application
    • Lifting capacity
  • Obtain a competitive intelligence on the economic scenario, the advantages of major projects and investments in Canada, the dynamics and the market share
  • Examples of latest technologies
  • Get presentation-ready format and easy-to-interpret data
  • Enable decision-makers to make informed and profitable choices
  • Obtain expert quantitative and qualitative analysis on Canada Crane Market Share value / volume growth projections
  • Complete supply chain analysis
  • Get a COVID-19 impact analysis of the market

Main suppliers

  • Sany
  • Manitex International
  • Zoomlion
  • Liebherr
  • Tadano
  • XCMG
  • Kobelco construction machines
  • Konecranes
  • Terex Company
  • Manitowoc

Other important suppliers

  • Mammoet
  • Sarens
  • BRODERSON Manufacturing Corp.
  • Belt cranes
  • Kato Works Co Ltd

Distributors

  • Juki America. Inc
  • Demag
  • ConEquip
  • Toromont

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