Canada Crane Market - Strategic Assessment & Forecast 2021-2027

CANADA CRANE MARKET OUTLOOK 

• Canada is the world's second-largest country by area. Canada is a vast landmass with abundant mineral resources.
• Green Infrastructure such as better electrical grids, energy-efficient buildings, and transportation systems reduce greenhouse gas emissions and support a country in achieving a low-carbon track.
• The United States, the EU, UK, Switzerland, Japan, Germany, Hong Kong, and China will have significant investments in Canada in 2020. These investments are mostly focused on the management of companies and enterprises, manufacturing, mining and hydrocarbons, finance and insurance, and wholesale and retail trade.
• According to the World Bank “Doing Business Report 2020”, Canada is listed 23rd out of 190 nations. The Country’s top export destinations were the United States, the United Kingdom, Japan, China.
• The crane rental market is booming in Canada, with most OEMs offering rental services. Although end-users still buy most cranes, an increasing proportion is bought by crane rental companies from domestic or local players in Canada.

CANADA CRANE MARKET - SEGMENTATION ANALYSIS 

• Canada's mobile crane market is expected to reach 3,122 units by 2027, growing at a CAGR of 4.39%. Mobile Crane accounted for around 48% of the overall crane market in 2020.
• Of all the mobile cranes, crawler cranes can carry the most oversized loads and need to be transported from site to site, and they are best employed for long-term projects.
• All-terrain cranes can lift far more than rough terrain cranes (up to 1323 tons). They are more capable of maneuvering in challenging circumstances or limited spaces.
• The Canadian government is focusing on investing in decarbonization to achieve its goal of becoming carbon neutral by 2030 and introducing a Ten-point Plan for a Green industrial revolution.
• In mining and mineral processing, such as mining crane hoists, overhead traveling cranes, and gantry cranes are essential equipment in production and maintenance tasks.

KEY HIGHLIGHTS FROM THE REPORT 

• The crane market in Canada is expected to reach 6,132 units by 2027, growing at a CAGR of 3.70%. In terms of volume, cranes used in the construction industry accounted for the largest share, followed by the manufacturing industry in 2020. 
• The Canadian governments’ long-term plan for the residential and commercial construction industry and investments in infrastructure projects are the major factors supporting the country's economic recovery.
• Canada is positioned at a strategically crucial location. Being an export-oriented country, Canada is located closely to its major trade partners such as the United States, Belgium, and New Zealand. 
• The tower crane market in Canada is expected to reach 785 units by 2027, growing at a CAGR of 3.05%. The tower crane segment accounted for 13.4% of the overall Crane market in 2020.

VENDOR LANDSCAPE 

• SANY Group manufacturers products like mobile, crawler and tower cranes provide a vast range of lifting solutions to all construction sites.
• Manitex International offers designed lifting solutions across the world. The manufacturing operations of the company are based out of North America and Europe, and the company. Manitex International manufactures Straight-mast and knuckle boom cranes.
• Terex is a global manufacturer of aerial work platforms and materials processing machinery. It provides its services to the Canada market through its manufacturing unit in Ottawa, Canada founded in 2003.

TARGET AUDIENCE: 

• Top-level management personnel of existing operators/vendors 
• Potential new entrants to the market 
• Consultants/consultancies/advisory firms 
• Professional landscaping service providers/contractors 
• Corporate and governments bodies 

WHY SHOULD YOU BUY THIS REPORT? 

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

• Volume (Unit sales)
• Crane Type 
• Application 
• Lifting Capacity
• Value (USD)     
• Crane Type 
• Application 
• Lifting Capacity 
                                   
• Gain competitive intelligence about the economic scenario, advantages in Canada major projects and investments, market dynamics, market share 
• Examples of latest technologies 
• Get presentation-ready format and easy-to-interpret data 
• Enable decision-makers to make informed and profitable choices 
• Gain expert quantitative and qualitative analysis on value/volume growth projections of the Canada crane market share 
• Complete supply chain analysis 
• Get COVID-19 impact analysis of the market 
• Company profile of 10 key vendors and 5 other prominent vendors  

KEY VENDORS 

Major Vendors: SANY Group, Zoomlion, Manitex International, Liebherr, Tadano, XCMG Group, Kobelco Construction Machinery, Konecranes, Manitowoc, and Terex Corporation. 

Other Prominent Vendors: Mammoet, Sarens, BRODERSON Manufacturing Corp, Link-Belt Cranes, Kato Works Co Ltd.

Distributors: Juki America, Demag, ConEquip, Toromont Industries Ltd.