Crane Pumps Market CAGR is Catching Up the Momentum – Forecast Analysis 2022-2032

Industry Insights

Crane Pumps Market: Introduction

Hydraulic cranes, unlike normal cranes, can lift, carry and transport heavy equipment with the help of hydraulic systems, which are powered by crane pumps. These crane pumps or hydraulic pumps convert mechanical power into hydraulic energy by compressing the hydraulic fluid, generally oil, which transfers the applied force on to the telescopic boom of the crane.

The force provided by the crane pumps can lift heavy equipment such as shipping containers, tractors, cargo containers and other heavy machinery. Given their heavy lifting capacities, crane pumps form an integral part across various industries such as shipping, automobile, construction, metal manufacturing, oil & gas and others where everyday activities require the lifting and transportation of heavy equipment to be performed by hydraulic cranes.

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Crane Pumps Market: Regional Overview

Asia-Pacific is expected to hold a major market share and witness a high growth rate in the crane pumps market over the forecast period, owing to the presence of growing economies such as China and India. North America and Europe, despite being matured markets, are pegged to witness slower growth in the crane pumps market over the forecast period, due to the upgradation and replacement of older cranes and crane pumps.

Africa is estimated to exhibit moderate growth in the crane pumps market, owing to the growing urbanization in some parts of Africa. The Middle East has been witnessing increased construction activities in the tourism sector, which is expected to drive the crane pumps market.

Global Crane Pumps Market: Market Participants

Examples of some of the market participants in the global crane pumps market identified across the value chain include:

  • Prince Manufacturing Corporation
  • Bosch Rexroth Ltd.
  • Eaton Corporation Plc
  • Danfoss Power Solutions
  • Parker Hannifin Corporation
  • Actutant Corporation
  • Bailey International LLC
  • Linde Hydraulics
  • Dynamatic Technologies Ltd.

Crane Pumps Market: Market Segmentation

On the basis of industry, the global crane pumps has been segmented as:

  • Mining and metallurgy
  • Automobile
  • Oil & gas
  • Pulp & Paper
  • Construction
  • Shipping
  • Others

On the basis of application, the global crane pumps has been segmented as:

  • Mobile cranes
  • Fixed cranes
  • Overhead cranes

On the basis of pump type, the global crane pumps has been segmented as:

  • Gear pumps
  • Rotary vane or variable-displacement pumps

 

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