From January to June 2021, the trade volume between China and India was US$57.48 billion, a year-on-year increase of 62.7%. Among them, China’s exports to India were US$42.76 billion, a year-on-year increase of 60.4%; imports from India were US$14.72 billion, a year-on-year increase of 69.6%.
From January to June 2021, the contract value of new projects signed by Chinese companies in India was US$830 million, a year-on-year decrease of 31.5%; the completed turnover was US$940 million, a year-on-year increase of 16.3%.
As neighbors, China and India have very close ties in their economic activities. It can be known from the data that the contracts of Chinese engineering companies in India will drive a series of related industries and jobs. As an indispensable part of engineering construction, lifting machinery has been brought into full play in India.
In the past year of 2021, Dongqi Crane, as a crane supplier providing crane services to the world, has reached more than 110 crane project cooperation with partners in India. This has helped us to open up the Indian crane market with better product and service quality. This article will analyze the possible changes in the Indian Overhead Cranes market in 2022 through the study of the Indian Overhead Cranes market data.
Some Questions About the World Overhead Crane Market
Before we start discussing the aerial crane market in India, we have a few small questions that need to be answered first. Let’s take a look
- What are the largest markets for overhead travelling cranes on fixed support in the world?
- The countries with the highest volumes of overhead travelling crane consumption in 2020 were China (34K units), the U.S. (18K units) and India (13K units), together comprising 39% of global consumption. Japan, Germany, Russia, Brazil, Denmark, Bangladesh, Canada, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 28%.
- What are the largest producers of overhead travelling cranes on fixed support in the world?
- China (38K units) remains the largest overhead travelling crane producing country worldwide, accounting for 24% of total volume. Moreover, overhead travelling crane production in China exceeded the figures recorded by the second-largest producer, the U.S. (18K units), twofold. The third position in this ranking was occupied by India (14K units), with a 9% share.
- What are the leading suppliers of overhead travelling cranes on fixed support to India?
- In value terms, China ($9.6M) constituted the largest supplier of overhead travelling crane to India, comprising 62% of total imports. The second position in the ranking was occupied by Germany ($4.5M), with a 29% share of total imports. It was followed by Italy, with a 5.6% share.
- What are the leading importers of overhead travelling cranes on fixed support from India?
- In value terms, the largest markets for overhead travelling crane exported from India were Nepal ($2.7M), Saudi Arabia ($2.5M) and Bangladesh ($2.1M), with a combined 38% share of total exports. Nigeria, Myanmar, the United Arab Emirates, Kenya, Bhutan, Uganda, Oman, Kuwait and Tanzania lagged somewhat behind, together accounting for a further 36%.
- What is the average export price for overhead travelling cranes on fixed support in India?
- The average overhead travelling crane export price stood at $11,838 per unit in 2020, falling by -7.2% against the previous year.
- What is the average import price for overhead travelling cranes on fixed support in India?
- The average overhead travelling crane import price stood at $43,179 per unit in 2020, dropping by -25.2% against the previous year.
Indian Overhead Crane Market Size
The Indian Overhead Crane Market fell to X dollars in 2020, down -X% from the previous year. Overall, however, consumption showed a marked contraction. The most significant growth rate occurred in 2014, with an X% year-over-year increase. As a result, consumption reaches a peak level of X dollars. From 2015 to 2020, the market growth rate remained at a low level.
In value terms, the production of overhead cranes in 2020 contracted sharply to $X (estimated at export prices). However, production continued to decline significantly during the period under review. The most significant growth rate occurred in 2014, with an X% year-over-year increase. As a result, production reached a peak level of X dollars. Production growth remained low from 2015 to 2020.
Export scale of overhead cranes in India
After four years of growth, overseas shipments of fixed-support overhead cranes fell -X% to X units in 2020. However, during the period under review, exports showed strong growth. The fastest growth in 2018, with exports up X% year-on-year. Exports peaked at X units in 2019 before falling sharply the following year.
In value terms, 2020 overhead crane exports dropped significantly to $X. Overall, however, exports showed modest growth. The most significant growth rate occurred in 2011, when exports increased by X% year-on-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain momentum.
Nepal (X units) is the main destination for Indian overhead crane exports, accounting for X% of total exports. In addition, twice as many overhead cranes were exported to Nepal as to the second major destination, the United Arab Emirates (X units). In third place in this ranking is Kenya (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of freight traffic to Nepal reached +X%. Exports to other major destinations recorded the following average annual export growth rates: United Arab Emirates (+X% per annum) and Kenya (+X% per annum).
In value terms, Nepal ($X), Saudi Arabia ($X) and Bangladesh ($X) are the largest markets for India’s global exports of overhead cranes, together accounting for X% of total exports. This was followed by Nigeria, Myanmar, the United Arab Emirates, Kenya, Bhutan, Uganda, Oman, Kuwait and Tanzania, which further increased their export value growth rates among the top destination countries. During the period under review, other The leader’s shipment growth rate was more modest.
Import scale of overhead cranes in India
In 2020, overseas purchases of fixed-support overhead cranes increased by X% to X units for the first time since 2017, ending a two-year downward trend. Overall, imports continue to show moderate expansion. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. Imports peaked at X units in 2009; however, from 2010 to 2020, import figures were slightly lower. In value terms, bridge crane imports surged significantly to $X in 2020. Overall, imports continued to show a relatively stable trend pattern. The most significant growth rate occurred in 2009, when imports increased by X% year-on-year. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2010 and 2020.
Germany (X units), China (X units) and Italy (X units) were the main suppliers of overhead cranes to India, together accounting for X% of total imports.
From 2007 to 2020, the largest increase was in China, while other leaders saw more modest growth in purchases. China (USD X) is the largest supplier of overhead cranes to India by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by Italy with an X% share.
From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Germany (+X% per annum) and Italy (-X% per annum).
How to customize Overhead Crane from China
We are a crane manufacturer located in China, providing crane customization services to global crane customers. If you want to customize a Overhead Crane, you can leave a message on the website or email, tell us the following information, and our sales manager will contact you:
- Lifting capacity (ton): __ ?( The rated capacity)
- Lifting height (m):__ ? (Height from hook center to the floor)
- Span (m): __ ? (Distance between rail center)
- Lifting speed (m/min): __ ? ( Single, Dual, Variable)
- Traveling distance (m): __ ? (The length of the rail)
- Work duty: __ ? (How many hours a day? How many times an hour?)
- What material to be lifted: __ ?
- Industrial voltage: __ ? ( like :380V, 50Hz, 3ph )
You can either fill out the contact form or send us an email. After receiving your inquiry, we will contact you as soon as possible and provide you with a suitable offer.
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