Asia Pacific Autonomous Cranes Market: Industry Analysis and Forecast (2024-2030)

Asia Pacific Autonomous Cranes Market Definition:

Autonomous cranes are specially designed cranes for lifting and hauling activities with little effort from the crane operator. They are used to move and lift heavy products, and they have a wide range of applications in end-use industries like industrial sites, construction and infrastructure projects, agriculture, defense, medical, sports, and offshore activities. Autonomous cranes are a combination of artificial intelligence (AI) and machine learning (ML) which supports features like zoning, internet-collision avoidance, and remote configuration. The crane cycles are mostly handled automatically, the main task of the crane operator is to monitor the process and act only when required. The control room operator can monitor the movement of the crane through the remote-control station.

 

Further, the Asia Pacific Asia Pacific Autonomous Cranes Markets are segmented by Mobility, Business Type, End-User Vertical, and geography. Based on mobility, the Asia Pacific Autonomous Cranes Market is segmented under Static and Mobile. Based on the business type, the market is segmented under the OEM and Aftermarket. Based on the end-user vertical, the market is segmented into Building & Construction, Marine & Offshore, Mining & Excavation. By geography, the market covers the major countries in the Asia Pacific i.e., India, China, Japan, Australia, and the rest of the Asia Pacific. For each segment, the market sizing and forecasts have been done based on value (in USD Million).

 

 

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Asia Pacific Autonomous Cranes Market Dynamics:

Rapid Growth of Population & Urbanization across the region: 

The fastest growing population in the Asia Pacific is expected to rise in CAGR and make this region a leader in the Asia Pacific Autonomous Cranes Market during the forecast period. The increase in GDP per capita, rapid urbanization, improved infrastructure development, and conversion of rural into urban areas are the factor attributed to the growth of the market. There is a presence of large market players in this region, and the cities are becoming unsustainable consumption models because of an increase in demand. In China, India, US, autonomous cranes are very popular.

 

Strict Environmental Policies in China:

The strict environmental policies of the local government will boost the demand for spare parts for cranes. Some projects in China prohibit the use of NSE II and III in construction activities. The market growth is anticipated to drive stricter environmental regulations. Replacement demand for spare parts is expected to increase by 60% of total sales because of the emission restrictions. The National Emission Standard (NES) IV for construction was implemented in July 2020 because of the increase in demand for new equipment. In July 2021, NES VI launched for Heart Distortion Temperature (HDT). Local governments have mentioned a time limit for phase-out obsolete models. Truck cranes may benefit most from improved diesel emissions, as changes in vehicle diesel regulations are more strict than regular diesel used in non-road construction equipment.

 

Leading Intralogistics Centres:

The increasing e-commerce industry in Southeast Asia is driving the growth of the warehousing and intralogistics markets in the region. Southeast Asia's economy is growing, and the middle-class population is increasing. The region, including 11 country-level marketplaces at various levels of development, is rapidly becoming an economic center. According to the data from IMF, the combined GDP in all Asian countries is expected to reach USD 4.37 trillion by 2024. The fast-growing e-commerce and retail markets in Southeast Asia are fuelled by the region’s strong economic growth.

 

The logistics industry in Southeast Asia is dominated by third-party logistics firms. Along with the region’s economic growth, 3PL firms are investing in crane manufacturing to satisfy the demand at docks and warehouses. The growing demand in the South-East Asia intralogistics industry is providing opportunities for crane manufacturers.

 

The market has adversely suffered from the volatility of product prices and the lack of trained workers, but the development of long-term business agreements and contracts will be a big growth potential for market players. Due to a lack of experienced labor, crane operations are difficult to mana

 

Latest Market Trends:

More Focus on Public-Private Partnerships (PPPs)-

The increasing attention to the public-private partnerships will drive the growth of the autonomous crane market. Infrastructure development is hampered by a lack of government funding in developing countries. Infrastructure development is an important factor in promoting urbanization. The infrastructure gap is caused by a lack of financial resources and effective ways of mobilizing resources for development. In several nations, public-private partnerships (PPPs) have been used to channel private investment for infrastructure development. PPPs are widely distributed across Asia, including more than 70% of South and East Asia, with China and India accounting for about 90% of the total. Cranes are in high demand in the infrastructure sector. As the industry increases, the demand for cranes will also increase.

 

Asia Pacific Asia Pacific Autonomous Cranes Market Segment Analysis:

By End-Use Vertical, the Building & Construction segment dominated the market in 2023 because of the population growth in India, China, and Australia. The construction and material handling industry is booming, which is also driving the crane market. The growing awareness of automation and the importance of construction & building industries by major economies like China and India are fuelling the Asia Pacific’s largest market share.

 

The lower unemployment rate for advanced economies is the major reason behind the growth of the market. Economic development will generate demand for investments in new constructions and an increase in existing infrastructure. In developing economies, there is growth in construction. Countries with tourism opportunities need more tourism accommodation infrastructure and may gain a reasonable market share during the forecast period.

 

 

Asia Pacific Autonomous Cranes Market Key Players Insights:

The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide Product Type portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Autonomous Cranes market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Autonomous Cranes market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Autonomous Cranes market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Autonomous Cranes market report is to help understand which market segments and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Autonomous Cranes market. The report studies factors such as company size, market share, market growth, revenue, production, volume, and profits of the key players in the Asia Pacific Autonomous Cranes market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their Mobility quality is in the Asia Pacific Autonomous Cranes market. The report also analyses if the Asia Pacific Autonomous Cranes Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, and if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Autonomous Cranes market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Autonomous Cranes market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Autonomous Cranes Market is aided by legal factors.

 

Asia Pacific Autonomous Cranes Market Scope:

Asia Pacific Autonomous Cranes Market Scope
Market Size in 2023	USD 1284.41 Mn.
Market Size in 2030	USD 6022.38 Mn.
CAGR (2024-2030)	24.7%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Mobility Static Mobile
	By Business Type OEM Aftermarket
	By End-User Vertical Building & Construction Marine & Offshore Mining & Excavation
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

Asia Pacific Autonomous Cranes Market Key Players: 

• AlDrivers Ltd
• Cargotec Corporation
• Columbus McKinnon
• Intsite Ltd
• Komatsu Ltd
• Konecranes Plc
• Schneider Electric
• Smie
• Syracuse
• Voca