Global Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size

The global overhead travelling crane market contracted slightly to $X in 2023, stabilizing at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the global market remained at a lower figure.

Overhead Travelling Crane Production

In value terms, overhead travelling crane production dropped modestly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports

In 2023, overseas shipments of overhead travelling cranes on fixed support increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, total exports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The global exports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, overhead travelling crane exports soared to $X in 2023. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near X% of total exports in 2023. It was distantly followed by the United States (X units), constituting a X% share of total exports. Spain (X units), Italy (X units), Turkey (X units), India (X units), Germany (X units), the UK (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to overhead travelling crane exports from China stood at X%. At the same time, the Czech Republic (X%), India (X%), the United States (X%), Turkey (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The UK experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest overhead travelling crane supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Spain ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In China, overhead travelling crane exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average overhead travelling crane export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, the 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 Germany ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports

In 2023, global overhead travelling crane imports expanded rapidly to X units, surging by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, overhead travelling crane imports rose markedly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Global imports peaked in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, the United States (X units), distantly followed by Indonesia (X units) and Mozambique (X units) represented the largest importers of overhead travelling cranes on fixed support, together making up X% of total imports. India (X units), Thailand (X units), France (X units), Canada (X units), Russia (X units), the UK (X units), China (X units), the Netherlands (X units), Bangladesh (X units) and Germany (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Mozambique (X%), the UK (X%), Thailand (X%), Canada (X%), India (X%), Bangladesh (X%), Germany (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The Netherlands and France experienced a relatively flat trend pattern. By contrast, China (X%) and Russia (X%) illustrated a downward trend over the same period. The United States (X p.p.), Mozambique (X p.p.), Thailand (X p.p.), India (X p.p.) and the UK (X p.p.) significantly strengthened its position in terms of the global imports, while China and Russia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), the United States ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of global imports. The UK, Canada, Germany, Indonesia, Russia, Mozambique, the Netherlands, Bangladesh, Thailand and China lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mozambique, with a CAGR of X%, saw 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 overhead travelling crane import price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform