Global Crane Wheels Market Research Report 2022

The wheel is an important part of the crane, which runs on the track and bears the dead weight and load of the crane. Crane wheel material should have high strength, high hardness and good wear resistance. Crane wheels are the most important parts in crane traveling system which are also the most vulnerable crane parts due to the friction between crane wheels and rail. Therefore, the crane wheels should be replaced when the flange wear, flange breakage and fatigue pitting happened.
Market Analysis and Insights: Global Crane Wheels Market
Due to the COVID-19 pandemic, the global Crane Wheels market size is estimated to be worth US$ 74 million in 2022 and is forecast to a readjusted size of US$ 96.8 million by 2028 with a CAGR of 4.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Below 400 mm accounting for % of the Crane Wheels global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Overhead Crane segment is altered to an % CAGR throughout this forecast period.
Global key players of crane wheels include Xtek, McKees Rocks Forgings, KARL GEORG, Irwin Car and Equipment, etc. North America is the largest producer of crane wheels holds a share over 38%. In terms of product, 400-750 mm is the largest segment, with a share over 44%. And in terms of application, the largest application is overhead crane, with a share over 52%.
Global Crane Wheels Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Crane Wheels Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Below 400 mm
400-750 mm
750-1000 mm
After 1000 mm
Segment by Application
Overhead Crane
Gantry Crane
Portal Crane
Others
By Company
Xtek
McKees Rocks Forgings
KARL GEORG
Irwin Car and Equipment
SIBRE
DGCRANE
Downs Crane & Hoist
Hydramach Overhead Crane
Cheng Day International Group
Henan Mine
Henan Zoke Crane Co
Henan Yuantai Crane
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina

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