The global demand for Articulating Knuckle Boom Cranes Market is presumed to reach the market size of nearly USD 3.43 Billion by 2032 from USD 1.34 Billion in 2023 with a CAGR of 11.01% under the study period 2024 - 2032. Regarding volume, the market was calculated XX Units in 2023 and forecast to touch XX Units by 2032 with a CAGR of XX% during 2024-2032.
Articulating knuckle boom cranes are versatile lifting machines characterized by their articulated booms, which consist of multiple sections joined by hinges or knuckles. This design allows the crane to reach over obstacles and access tight spaces with precision and flexibility. Unlike traditional straight-boom cranes, articulated boom cranes offer enhanced maneuverability and efficiency, making them ideal for applications where space is limited or obstacles must be navigated. Modern articulated boom cranes also feature advanced hydraulic systems and control mechanisms for improved performance and safety.
Market Dynamics
The increasing need for efficient material handling solutions across various industries, such as construction, forestry, shipping, and utilities, fuels the adoption of articulating knuckle boom cranes due to their versatility, reach, and maneuverability. These cranes can lift and move heavy loads in confined areas, making them ideal for applications where traditional cranes may not be suitable. Additionally, the advancements in crane design, materials, and hydraulic systems have improved performance, reliability, and safety, further driving the articulating knuckle boom cranes market growth. Moreover, expanding infrastructure projects, urban development, and renewable energy installations worldwide create opportunities for articulating knuckle boom crane manufacturers to cater to the growing demand for lifting equipment. Furthermore, stringent safety regulations, labor shortages, and the need for productivity enhancements encourage industries to invest in automated and remote-controlled crane solutions, driving market expansion. However, competition from alternative lifting technologies, fluctuating raw material prices, and regulatory compliance may hinder articulating knuckle boom cranes market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of articulating knuckle boom cranes. The growth and trends of Articulating Knuckle Boom Cranes Industry provide a holistic approach to this study.
Market Segmentation
This section of the articulating knuckle boom cranes market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Mounting Type
By Product
- Electric
- Diesel
- Hydraulic
By Capacity
- Below 10 Ton
- 10 To 50 Ton
- 50 To 100 Ton
- Above 100 Ton
By End User
- Rental
- Construction
- Mining
- Oil & Gas
- Energy
- Forestry
- Marine
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Articulating Knuckle Boom Cranes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Articulating Knuckle Boom Cranes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the articulating knuckle boom cranes market include Amco Veba, Atlas GmbH, Bonfiglioli Group, Copma Cranes, Cormach S.r.l., Effer S.p.A., F.lli Ferrari S.p.A., Fassi Gru S.p.A., Heila Cranes S.r.l., Hiab, HMF Group, IMT, Kinshofer GmbH, Manitex International, Inc., Palfinger AG, PM Group S.p.A., Sany Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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