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Crane Manufacturing in China Industry Data and Analysis
The Crane Manufacturing industry in China has been boosted by the development of key domestic industries and heavy support by the government. Industry revenue is expected to grow at an annualized 2.2% over the five years through 2024. This trend includes expected grow of 2.5% in the current year.The government has made large investments in construction, which boosted industry revenue from 2009 to 2011. The government's economic stimulus package supported the development of many huge projects in many downstream industries and sectors, including coal mining, power generation, chemical manufacturing, and transportation, which greatly raised domestic demand for industry products. Since 2012, the industry has been affected by economy downturn, which have brought down demand for heavy machinery. Supported by the overseas policy, enterprises in the industry have accelerated their layout in overseas markets and the industry has rebounded since 2017. In 2022, affected by factors like the slowdown in China's macroeconomic growth and insufficient effective project start-up rate, the demand for engineering machinery has decreased. In 2022, the industry revenue fell by 9.2%.Over the five years through 2029, industry revenue is forecast to grow at an annualized rate of 1.9%. More large domestic construction projects are anticipated to promote the industry's development over the period. The industry is mature, and the competition is fierce. The industry displays low concentration, with the top four players expected to account for a combined market share of 5.1% in 2024. In the next five years, M&A activities will be more frequent and industry concentration will increase. The industry will develop in the trend of high-end, intelligent, international, and green.
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What's included in this industry analysis
IBISWorld's research coverage on the Crane Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Crane Manufacturing industry in China operates under the industry code 3530. The Crane Manufacturing industry manufactures mechanical equipment that loads and unloads materials and cargo or transfers people in factories, warehouses, ports, stations and other places. This includes fixed and movable equipment and those installed on chassis. Related terms covered in the Crane Manufacturing industry in China include jib crane, floating crane and tower crane.
What's included in this industry?
Products and services covered in Crane Manufacturing industry in China include Crane machinery, Elevators, escalators and moving walkways and Special purpose vehicles.
What companies are included in this industry?
Companies covered in the Crane Manufacturing industry in China include XCMG Construction Machinery Co., Ltd., Shanghai Zhenhua Heavy Industries Co., Ltd. and Zoomlion Heavy Industry Science And Technology Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Crane Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Crane Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Crane Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Crane Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Crane Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Crane Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Crane Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Crane Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Crane Manufacturing industry in China in 2026?
The market size of the Crane Manufacturing industry in China is $220.7bn in 2026.
How many businesses are there in the Crane Manufacturing industry in China in 2024?
There are 2,305 businesses in the Crane Manufacturing industry in China, which has grown at a CAGR of 0.5 % between 2019 and 2024.
How may import tariffs affect the Crane Manufacturing industry in China?
The Crane Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Crane Manufacturing industry in China?
The Crane Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Crane Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Crane Manufacturing industry in China has been growing at a CAGR of 2.2 % between 2019 and 2024.
What is the forecast growth of the Crane Manufacturing industry in China over the next 5 years?
Over the next five years, the Crane Manufacturing industry in China is expected to grow.
What are the biggest companies in the Crane Manufacturing industry in China?
The biggest companies operating in the Crane Manufacturing industry in China are XCMG Construction Machinery Co., Ltd., Shanghai Zhenhua Heavy Industries Co., Ltd. and Zoomlion Heavy Industry Science And Technology Co., Ltd.
What does the Crane Manufacturing industry in China include?
Crane machinery and Elevators, escalators and moving walkways are part of the Crane Manufacturing industry in China.
Which companies have the highest market share in the Crane Manufacturing industry in China?
The company holding the most market share in the Crane Manufacturing industry in China is XCMG Construction Machinery Co., Ltd..
How competitive is the Crane Manufacturing industry in China?
The level of competition is high and increasing in the Crane Manufacturing industry in China.
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