Global Crawler Cranes Market: Demand for crawler cranes continues to rise, with sales estimated at over 3,600 units in 2018

DUBLIN 2, Ireland, 26-Oct-2018 — /EPR INDUSTRIAL NEWS/ — Fact.MR recently announced the launch of its report that provides detailed assessment on the crawler cranes market. A comprehensive analysis has been offered on the key factors that are likely to shape the crawler cranes market’s trajectory. The report also profiles key stakeholders in the automotive fuel injectors market, along with assessment on their product portfolio and key developments. Production and sales of crawler cranes have been tracked across key markets including Asia-Pacific excluding Japan (APEJ), North America, Japan and Europe.

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Key Takeaways from the Report:

  • Demand for crawler cranes continues to rise, with sales estimated at over 3,600 units in 2018
  • Greater China is the largest market for crawler cranes; the region accounted for over 30% of the global crawler crane sales in 2017
  • Gains are significant in the U.S. and India – collectively, these two markets account for nearly one-fourth volume sales of crawler cranes
  • Crawler cranes with <150 tons load capacity are the top-selling category; volume growth is likely to be 2X as that of 300-600 tons category
  • Construction industry accounted for the highest demand for crawler cranes; wind farms are an upcoming avenue

Greater China – The Manufacturing Hub of Crawler Cranes

Crawler crane sales in Greater China are likely to surpass 1,200 units in 2018—this is 2X greater than sales in the second most lucrative market – India. Greater China’s position as the largest manufacturing hub for construction machinery continues on an upward spiral, complemented by the Dragon’s ascendancy as a global economic powerhouse. While these trends continue to pose significant impact on crawler cranes production and sales in the country, regulatory bodies such as EPD have imposed emission regulations that delay approval of these equipment being sold or leased.

Crawler Cranes Production by Key Countries (Units)
2016 A 2017 A 2018 A 2022 F 2028 F
Greater China 1,160 1,196 1,232 1,407 1,706
India XX XX XX XX XX
U.S. XX XX XX XX XX
Japan XX XX XX XX XX
GCC XX XX XX XX XX

To get more information on redacted data, speak to the report authors

“The crawler crane industry in India is at crossroads, as the market has matured in recent years and shed its skepticism on utility of highly advanced machinery. End-users are now willing to invest in premium equipment, thereby providing an impetus to manufacturers to introduce high-tech products,” says Mr. Shambhu Nath Jha, Senior Consultant at Fact.MR.

“The transition phase of the construction equipment industry in India alludes a cascading effect on crane rental cost, if there is any slack in demand. However, presence of manufacturers that sell counterfeit products at lower cost continues to pose adverse impacts on productivity, reliability and performance of crawler cranes. This will confine future growth prospects of the industry,” concludes Mr. Jha.

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About the Report

Fact.MR’s report titled ‘Crawler Cranes Market Forecast, Trend Analysis, and Competition Tracking – Global Market Insights 2018-2028,” gives a comprehensive analysis on production and sales of crawler cranes across key regions. Prominent trends impacting growth of the crawler cranes market have been identified and analyzed in detail. The study also offers a segmental analysis and forecast on the crawler cranes market.

SOURCE: EuropaWire

Study: Europe automotive headliners market revenues to witness a 7.5% CAGR through 2026

DUBLIN 2, Ireland, 16-Oct-2018 — /EPR INDUSTRIAL NEWS/ — The broader disruption in the automotive sector is rubbing off on the Europe automotive headliners market, as vehicle interior air quality (VIAQ) adds to the litany of factors that influence buyer behavior. The growing consumer emphasis on interior air quality isn’t lost on component suppliers and OEMs. Incorporation of low-VOC materials and modular designs is gaining ground in the US$ 6.5 million Europe automotive headliners market, according to Fact.MR’s new study.

The Fact.MR study maintains an optimistic long-term outlook on the automotive headliners market in Europe. The study projects revenues to witness a 7.5% CAGR through 2026, with Western Europe at the forefront of sales and innovation. The lucrativeness of Europe’s automotive headliners market is likely to create a fair share of opportunities, as well as challenges for OEMs and component suppliers in the region.

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Europe’s preeminence in the global automotive landscape is not limited to high production and exports alone – the region leads the way for enacting stringent emission regulations and their implementation. “Automotive headliner manufacturers can expect institutions like ACEA and VDA to focus inward, leading to stringency in VIAQ regulations,” says Nandini Roy Choudhury, Senior Consultant at Fact.MR. “Considering the fact that Europe exports a sizable number of vehicles to Asia Pacific, where most of the action is taking place, European OEMs and aftermarket suppliers also need to comply with the domestic regulations, such as the Guobiao and JAMA,” adds Ms. Roy

Growing Adoption of Low-VOC Materials in Manufacturing Automotive Headliners 

According to Fact.MR’s study, a combination of global and region-specific factors will influence Europe’s automotive OEMs and aftermarket players to invest in low-VOC components. The transition of headliners from a simple covering to an integrated platform for vehicle peripherals has created the need for design innovation. The challenge to improve VIAQ has also led to experimentation with new materials, ranging from thermosets to water-based adhesives.

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“The evolving consumer demand is multipronged – it is not going to impact only a specific set of players in the supply chain, but its effects are being felt across the spectrum. Unwavering focus on cabin air quality is driving adhesive companies to innovate, bringing recyclable and biodegradable raw materials to the forefront,” adds Ms. Roy.

Germany leads the Europe automotive headliners market, accounting for over one-fourth revenue share in 2017.

Players in Germany’s automotive headliner supply chain are reliant on the broader prospects of the automotive landscape, which has been encouraging in the last couple of years.

According to Germany’s Federal Motor Authority (KBA), Germany’s new car sales reached 3.44 million in 2017, witnessing an increase of 2.7% over the previous year. German headliner and adhesive manufacturers were also supported by positive momentum in Asia Pacific, where new car sales have created significant opportunities. “Germany is not only the leading production and sales market in Europe, but also a key exporter of cars and LCVs. We can expect Germany to take the lead in this new era of flexible, sustainable, and cost-effective headliners and other interior components,” opines Ms. Roy.

The European automotive headliner market may well be dominated by Germany, but France and UKclosely follow suit. The strength of the triumvirate can be gauged from the fact that these three markets collectively held a revenue share of over 65% in 2017. Automotive headliner sales in these three top markets are driven by encouraging sales in compact and mid-sized cars.

The design innovation and incorporation of new materials in headliners and interior parts manufacturing is likely to remain concentrated in the OEM landscape. “Aftermarket sales account for less than 30% share of the European automotive headliner market, so the onus is on OEMs to take the lead,” concludes Ms. Roy.

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SOURCE: EuropaWire