Articulating Knuckle Boom Cranes Market Size - By Mounting (Truck, Stationary), By Product (Electric, Diesel, Hydraulic), By End-User (Rental, Construction, Mining, Oil & Gas, Energy, Forestry, Marine), By Capacity & Forecast, 2024 - 2032

Articulating Knuckle Boom Cranes Market Size - By Mounting (Truck, Stationary), By Product (Electric, Diesel, Hydraulic), By End-User (Rental, Construction, Mining, Oil & Gas, Energy, Forestry, Marine), By Capacity & Forecast, 2024 - 2032

Global Articulating Knuckle Boom Cranes Market will grow at 4% CAGR during 2024-2032, driven by technological advancements, increasing investments in construction and infrastructure projects, and growing demand for efficient material handling equipment.

As per nsc.org, in 2022, the preventable injury death rate rose to 3.2 per 100,000 workers from 3.1 in 2021, while work-related medically consulted injuries reached 4.53 million. Heightened concerns over worker safety have prompted industries to prioritize the adoption of cutting-edge lifting solutions capable of mitigating risks and ensuring compliance with rigorous safety standards.

Moreover, the increasing frequency and severity of workplace accidents underscore the urgent need for robust safety measures, driving demand for innovative lifting equipment like articulating knuckle boom cranes. Additionally, the evolving regulatory landscape further incentivizes businesses to invest in advanced crane technologies. Compliance with these regulations helps safeguard workers while shielding companies from legal liabilities and reputational damage associated with workplace incidents. Consequently, organizations across various sectors are proactively integrating articulating knuckle boom cranes into their operations to enhance safety protocols and maintain regulatory compliance.

Articulating Knuckle Boom Cranes industry is classified based on mounting, product, end-user, capacity, and region.

The stationary articulating knuckle boom cranes segment will exhibit tremendous growth through 2032, owing to their ability to provide enhanced stability and lifting capacity compared to other mounting configurations. Industries such as construction and manufacturing, where lifting heavy loads with precision is crucial, are adopting stationary from mounting articulating knuckle boom cranes. Furthermore, advancements in hydraulic systems and control technologies are further enhancing the efficiency and performance of stationary from mounting cranes, thereby driving market growth.

Electric articulating knuckle boom cranes market share will expand appreciably over 2024-2032, driven by the rising focus on sustainability and reducing carbon footprint. These cranes offer several advantages, such as lower emissions, reduced operating costs, and quieter operations than traditional diesel-powered counterparts. Moreover, advancements in battery technology are extending the operational runtime of electric articulating knuckle boom cranes, making them suitable for prolonged usage in diverse applications ranging from construction sites to warehouse operations.

Asia Pacific Articulating Knuckle Boom Cranes industry will record a modest valuation by 2032, owing to rapid industrialization, urbanization, and infrastructure development initiatives undertaken by emerging economies such as China and India. Moreover, favorable government policies aimed at boosting infrastructure investments coupled with increasing foreign direct investments are further bolstering market growth in the region. Additionally, the presence of key market players and technological advancements are contributing to the proliferation of articulating knuckle boom cranes across various industries in the region. Show more