Side Lift Crane Market: Introduction
- A side lift crane is a truck mounted or semi-trailer portable crane that is able to transport materials or hoist standard containers. The parallel crane hoists can lift containers from the ground or from a train. The side lift crane market is estimated to expand during the forecast period.
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Key Drivers and Opportunities of the Global Side Lift Crane Market
- The side lift crane is witnessing rapid evolution due to the increased adoption of these cranes in the logistics industry. Demand for several ancillary equipment including cranes is increasing in order to perform efficient operations across regions due to increased infrastructure activities. Relatively minor industrial applications such as shipping, material handling, and transportation are witnessing increased demand, which further boosts the demand for side lift cranes to perform unloading and loading applications.
- Lack of skilled operators, higher structural costs, and limited awareness about the benefits of these cranes are major factors that are expected to hinder the global side lift cranes market during the forecast period. Crane manufacturers are providing operator training courses related to material handling and weight lifting parameters for heavy containers in order to overcome these issues. Moreover, mobile movements of these cranes provide a better alternative to stationery cranes, thereby providing significant opportunity for manufacturers of side lift cranes.
- Rise in industrialization is also estimated to offer opportunities for manufacturers operating in the global side lift crane market. Manufacturers are expected to invest significantly in the development of side cranes to ease operations in their logistics handling facilities. They are also likely to spend more time researching the model most suitable for their needs. This further creates opportunities in the market. Furthermore, the outlook of the side lift crane market appears positive due to the diversifying manufacturing needs owing to industrialization. This is estimated to further propel the demand for side lift crane during the forecast period.
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Asia Pacific to Hold Major Share of Global Side Lift Crane Market
- In terms of geography, the global side lift crane market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Asia Pacific is expected to hold a major share of the global side lift crane market due to higher investments in manufacturing and the logistics sector. The Government of China is planning to increase infrastructure investment for sustainable development across end-use industries. Expansion of the material handling sector in China due to expansion of manufacturing and e-commerce industries has significantly fueled the demand for such cranes for efficient unloading and loading operations and for other warehouse management techniques.
Key Players Operating in Global Side Lift Crane Market
- Hammar Maskin AB
- Oriemac Machinery & Equipment (Shanghai) Co. Ltd.
- Chengli Special Automobile Co., Ltd.
- Shanghai Yingji Machinery Trading Co. Ltd.
- Jinan Zhongmanhao Automobile Sales Co. Ltd.
- Shandong Fudong Automobile Co. Ltd.
Global Side Lift Crane Market: Research Scope
Global Side Lift Crane Market, by Product Type
- Small Duty Cranes
- Medium Duty Cranes
- Heavy Duty Cranes
Global Side Lift Crane Market, by End-use Industry
- Construction
- Rental
- Mining
- Logistics
- Oil & gas
- Others (Energy, etc.)
Global Side Lift Crane Market, by Price
- Low
- Medium
- High
Global Side Lift Crane Market, by Distribution Channel
- Direct
- Indirect
Global Side Lift Crane Market, by Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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