In 2021, the U.S. haul cranes and
overhead cranes market declined significantly to $X, down -X% year over year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption showed a strong expansion trend. During the period under review, the market peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.
Export Scale of U.S. Overhead Cranes and Gantry Cranes
In 2021, the number of haulage cranes,
gantry cranes and overhead cranes exported from the
United States soared to X units, an increase of X% over 2020. But overall, exports have suffered a severe setback. The growth rate was most pronounced in 2016, with exports increasing by X% year-on-year. As a result, exports peaked at X units. From 2017 to 2021, the growth rate of exports will remain at a low level.
In value terms, exports of transport cranes and overhead cranes fell to X dollars in 2021. But overall, exports contracted sharply. 2019 saw the fastest growth, with exports up X% year-on-year. During the period under review,
5 ton overhead crane exports peaked at $X in 2012; however, from 2013 to 2021, exports remained at lower levels.
Canada (X units) is the leading destination for US haulage and overhead crane exports, accounting for X% of total exports. In addition, transport cranes and overhead cranes were exported to Canada nine times more than to the UK (X units), the second main destination. The Dominican Republic (X units) ranks third in terms of total exports with an X% share.
From 2012 to 2021, the average annual growth rate of freight traffic to Canada is -X%. Exports to other major destinations recorded the following average annual export growth rates: United Kingdom (-X% per annum) and Dominican Republic (+X% per annum).
In value terms, Canada ($X) remains the leading foreign market for U.S. haulage and overhead crane exports, accounting for X% of total exports. In second place is Mexico ($X) with X% of total exports. It is followed by the UK with an X% share.
From 2012 to 2021, the average annual growth in value to Canada is -X%. Exports to other major destinations recorded the following average annual export growth rates: Mexico (-X% per annum) and the United Kingdom (-X% per annum).
Import scale of bridge cranes and gantry cranes in the United States
U.S. haul and overhead crane imports surge to X units by 2021, an increase of X% compared to the previous year. Overall, from 2012 to 2021, total imports showed a moderate growth trend: the average annual growth rate of imports over the past nine years was +X%. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2021 data, imports are down -X% compared to the 2019 index. The most significant growth rate occurred in 2018, when imports increased by X% year-on-year. During the period under review, the import volume reached the highest number of X units in 2019; however, from 2020 to 2021, the import volume was slightly lower.
In 2021, the import volume of transport cranes and overhead cranes decreased significantly to USD X by value. Imports increased significantly during the period under review. The most significant growth rate occurred in 2018, when imports increased by X% year-on-year. As a result, imports peaked at X dollars. Import growth will remain low in 2019-2021.
In 2021, China (X units) is the largest supplier of transport cranes and overhead cranes in the United States, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from China were eight times higher than the figures recorded by the second largest supplier, Denmark (X units). In third place in this ranking is the United Kingdom (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of sales from China totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Denmark (+X% per annum) and the United Kingdom (+X% per annum).
China ($X) is the largest U.S. supplier of transport and overhead cranes by value, accounting for X% of total imports. In second place is Denmark ($X) with X% of total imports. It was followed by Canada with an X% share.
From 2012 to 2021, the average annual growth rate of value from China reaches +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Denmark (+X% per annum) and Canada (+X% per annum).
Statistics of various crane suppliers in United States
China is the largest U.S. supplier of haulage and overhead cranes by value, accounting for 77% of total imports. In second place is Denmark, which accounts for 3.4% of total imports. It was followed by Canada with a share of 2.2%.
In value terms, Canada remains the leading foreign market for U.S. haulage and overhead crane exports, accounting for 44% of total exports. In second place was Mexico, which accounted for 9.6% of total exports. It is followed by the UK with a share of 8.6%.
In 2021, the average export price of transport cranes and overhead cranes will be USD 10,738 each, a decrease of -29.3% from the previous year.
In 2021, the average import price of transport cranes and overhead cranes will be USD 16,577 per unit, a decrease of -39.6% from the previous year.
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U.S. Overhead Cranes and Gantry Cranes Market Study 2022