What is the outlook for China’s truck-mounted crane market?

China’s truck-mounted crane market size reaches 7.733 billion yuan (RMB) in 2022, while the global truck-mounted crane market size reaches 28.673 billion yuan in the same year. China’s truck-mounted crane industry has achieved rapid development in recent years, and has become the world’s largest producer and consumer of truck-mounted cranes. According to statistics, the production and sales of truck-mounted cranes in China have maintained a growth trend for many consecutive years. In 2019, for example, the sales of truck-mounted cranes reached 15,432 units, an increase of 9.57% year-on-year; while in the January-June period of 2020, the sales have reached 9,416 units.
From the situation that the sales of major enterprises in the truck-mounted crane industry accounted for the proportion of overall industry sales in recent years, the sales of major enterprises in the truck-mounted crane industry in recent years accounted for more than 98% of the total, almost occupying the entire industry sales. China’s truck-mounted crane industry in construction, industrial and other areas of demand growth and technological innovation, driven by a broad development prospects.
Substantial growth in sales of truck-mounted cranes is inextricably linked to the improvement of independent research and development capabilities of construction machinery enterprises. Many truck-mounted crane manufacturers have developed many products with independent intellectual property rights, especially large truck-mounted cranes. Some Chinese truck-mounted cranes have more fuel-saving capabilities than other brands. Supported by the advantages of the Chinese system, it will surely have a bright and promising future.

Scroll to Top

Ask For A Quick Quote

We will contact you within 1 working day, please pay attention to the email with the suffix “info@elephantcrane.com”. 

    Note: Your personal information will be kept strictly confidential.