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

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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.

Request the sample of the report at https://www.factmr.com/connectus/sample?flag=S&rep_id=2236

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.

The report is available for purchase at https://www.factmr.com/checkout/2236/S

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

Industrial, Industrial Goods, Industrial Supplies, Materials, Metals, Steel

Balli Steel Warns Russian Steel Market Continuing To Face Challenging Conditions

Balli Steel, one of the world’s largest privately owned independent commodity traders, has warned that despite the bottoming out of the global steel market, the Russian market will continue to face challenging conditions for the next 12 to 18 months. Speaking at Metal Bulletin’s 7th Russian Steel Summit in Moscow, Nasser Alaghband, Director of Balli Steel, outlined that the strengthening Rouble and the impact of the annual Iron Ore negotiations could weaken the competitiveness of Russian producers.

balli

According to Balli Steel, the Russian Steel market has undergone considerable growth and wide scale transformation over the past decade with gradual modernisation of plants and production facilities. Russia is able to take advantage of abundant natural resources and competitive labour costs to produce steel on the lower side of the cost curve and has established a strong position as the 4th largest producer of steel in the world.

Balli Steel highlighted that the downturn in global steel prices has not been easy for the majority of Russian producers to absorb, with many in the midst of extensive capital investment initiatives on plant modernisations and new acquisitions.

Steel consumption appears to be down by 40% year-on-year, with Russia’s largest steel company, Severstal, expecting domestic demand to fall by 25% in 2009. Balli Steel anticipates that domestic demand will remain low as the country heads towards its first recession for 10 years.

However until very recently the decline in domestic steel demand was offset by export growth, with the weak Rouble, which had declined by as much as 36% against the Dollar in the previous year, making Russian Steel an attractive proposition to importers. However, in the last month, the Rouble has undergone a substantial appreciation which has put considerable pressure on the export prices. The profit margins for many of the Russian Mills have begun to shrink, with most producers now operating at close to cost. As a result, any further strengthening of the Rouble would put increasing pressure on Russian steel exports.

Nasser Alaghband, Director of Balli Steel commented: “Global steel prices have shown signs of recovery in recent months. However, whilst price improvements have been promising, steel has not recovered as well as some precious metals or energy commodities. We believe that steel prices will increase further amidst the global economic revival, although the recovery will not be smooth or uniform and individual markets, such as Russia, will continue to react differently to both domestic and international factors.”

About Balli:
Balli Steel is part of Balli Holdings, is a large private, multi-national corporation, chaired by Vahid Alaghband. The company is headquartered in London, but has offices in Dubai and other key business hubs around the world.

Balli was established in 1982 and operates a number of affiliated companies specialising in commodity trading, industrial, real estate and private equity with operations in over 20 countries. Together with its affiliated companies, Balli employs over 2,000 people worldwide.

Balli Steel is the company’s principal operating subsidiary, and is one of the largest independent traders of steel in the world. Balli Steel provides raw materials and steel to a number of market segments including steel mills, steel service centres, pipe and tube makers, the oil and gas industry and other designated end-user segments such as the packaging products industry.

The company’s real estate operations currently have are invested in a significant property portfolio comprised of over 900,000 sq ft of property under development with a Gross Development Value of some $800 million, and an additional 2 million sq ft and a GDV of almost $2.5 billion in the pipeline.

Via EPR Network
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Industrial, Industrial Goods, Industrial Supplies, Materials, Metals, Steel

Balli Steel Reports Enhanced Role For Steel In Construction Industry Despite Slowdown

Balli Steel, a leading international steel trader, has reported that despite the slowdown in the global economy, the role of steel in construction industry markets across the world will grow. Balli Steel highlight that this growth is due to a range of factors including environmental and recycling benefits, urbanisation, technological advances and the load bearing, high rise opportunities, safety and speed of construction benefits that steel provides.

balli

Company forecasts indicate that global annualised steel production this year is to be 1.1 billion tonnes, with the construction industry being the largest end-user of steel, accounting for over 40% of total steel consumption.

Balli Steel calculate that the competitive cost gap between steel and concrete building frames is widening. A recent report by the British Constructional Steel Association (Q4 2008) showed a £22.22 per sqm advantage for steel frames over concrete, up from £12.10 per sqm in 1995.

Another advantage is that whilst steel has a higher embodied carbon value per tonne than concrete, a tonne of steel goes a lot further so steel structures generally have a lower carbon footprint than concrete ones.

Vahid Alaghband, Group Chairman of Balli Steel, said: “Whilst many people may often equate steel buildings and infrastructure schemes with super-high rise and large span structures, steel is also used extensively in small scale and low rise buildings. Steel is used throughout the construction industry and the building process, not just on mega projects.”

Balli Steel points to the global process of urbanisation as another factor driving the demand for new buildings, and therefore a demand for construction steel. The United Nation’s (UN) latest figures show that 50% of the world’s population live in urban areas. Over 3.2 billion people now live in cities, up from 732 million in 1950. The UN calculates that by 2050, over 6 billion people, 75% of humanity, will be living in towns and cities.

In the current ecologically aware times, steel is often favoured over other materials like wood and plastic. Nasser Alaghband, Managing Director of Balli steel commented: “The advantages of steel in the building construction process include strength, energy efficiency, design flexibility, fire resistance, speed of assembly, material cost advantage and less maintenance. The steel industry has been actively recycling for more than 150 years and it is becoming increasingly financially and environmentally advantageous to continue with this approach. It is cheaper to recycle steel than to mine iron ore and manipulate it through the production process to form new steel.”

Over 95% of structural steel beams and plates, used in building manufacture, are recycled, and similarly, other construction industry elements such as reinforced bars are recycled at a rate of around 65%. Balli highlight that the energy saved by recycling these large amounts of steel globally is enough to power 18 million homes around the world for one year.

About Balli Holdings
Balli Holdings, is a large private, multi-national corporation, headquartered in London, but with offices in Dubai and other key business hubs around the world. Balli was established in 1982 and operates a number of affiliated companies specialising in commodity trading, industrial, real estate and private equity with operations in over 20 countries. Together with its affiliated companies, Balli employ over 2,000 people worldwide.

Balli Steel is the company’s principal operating subsidiary, and is one of the largest independent steel trading companies in the world. Balli Steel provides raw materials and steel to a number of market segments including steel mills, steel service centres, pipe and tube makers, the oil and gas industry and other designated end user segments such as the packaging products industry.

Via EPR Network
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