Malaysia Overhead Cranes and Gantry Cranes Market Study 2022

 After two years of growth, the Malaysian haulage cranes and overhead cranes market is down -X% to X USD in 2021. However, consumption has grown significantly during the period under review. During the period under review, the market peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

In value terms, the production of transport cranes and overhead cranes is estimated to have declined slightly to $X in 2021 at export prices. During the period under review, however, there was a significant increase in production. 2016 appears to have seen the fastest growth, with an X% increase over the previous year. Production of haulage and overhead cranes peaked at $X in 2020, then declined slightly the following year

Export Scale of Overhead Cranes and Gantry Cranes in Malaysia

In 2021, Malaysia’s haul crane and overhead crane exports surged to X units, an increase of X% from the previous year. Overall, however, there was a sudden contraction in exports. The fastest growth rate in 2018, an increase of X% year-on-year. Exports peaked at X units in 2012; however, from 2013 to 2021, exports failed to regain momentum.

In value terms, exports of transport and overhead cranes rose sharply to $X in 2021. But overall, there has been a sudden drop in exports. The growth rate was most pronounced in 2018, 10 ton gantry crane with exports increasing by X% year-on-year. During the period under review, the value of exports peaked in 2013 at $X; however, from 2014 to 2021, export volume was at a lower level.

Singapore (X units), Philippines (X units) and Cambodia (X units) were the main destinations for Malaysia’s haulage and overhead crane exports, accounting for X% of total exports.

From 2012 to 2021, the largest increase was in Cambodia (+X%), while the other leaders showed a mixed trend in shipments.

By value, the largest markets for haulage and overhead crane exports from Malaysia were the Philippines (USD X), Singapore (USD X) and Vietnam (USD X), which accounted for X% of total exports. Vietnam, with a CAGR of +X%, had the highest growth rate in export value among the top destination countries during the review period, while shipments from other leading countries grew at a more moderate pace.

Import Scale of Overhead Cranes and Gantry Cranes in Malaysia

After two years of growth, the supply of transport cranes, gantry cranes and overhead cranes from abroad in 2021 decreased by -X% to X units. During the period under review, imports contracted significantly. The fastest growth rate in 2013, an increase of X% year-on-year. As a result, imports peaked at X units. Import growth momentum failed to recover from 2014 to 2021.

Imports of transport and overhead cranes fell sharply to $X in 2021 in value terms. Overall, imports showed a relatively stable trend pattern. The fastest growth was in 2013, 3 ton gantry crane with imports increasing by X% year-on-year. During the period under review, imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In 2021, Japan (X units) is the largest supplier of transport cranes and overhead cranes in Malaysia, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from Japan were six times higher than the number recorded by the second largest supplier, Singapore (X units). Bermuda (X units) ranks third in terms of total imports with an X% share.

From 2012 to 2021, sales in Japan will grow at an average annual rate of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Singapore (+X% per annum) and Bermuda (X% per annum).

Japan ($X) is the largest supplier of transport and overhead cranes in Malaysia by value, accounting for X% of total imports. In second place is Singapore ($X) with X% of total imports. It is followed by the UK with an X% share.

From 2012 to 2021, the average annual growth rate of value from Japan totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Singapore (+X% per annum) and the United Kingdom (-X% per annum).

Statistics of various crane suppliers in Malaysia

Japan is Malaysia’s largest supplier of transport aircraft and overhead cranes by value, accounting for 95% of total imports. In second place was Singapore, which accounted for 1.6% of total imports. It is followed by the UK with a share of 0.6%.

By value, the largest markets for haulers and overhead cranes exported from Malaysia are the Philippines, Singapore and Vietnam, accounting for 90% of total exports.

In 2021, the average export price of transporters and overhead cranes will be USD 22,440 per unit, a decrease of -29.4% from the previous year.

In 2021, the average import price of transporters and overhead cranes will be $38,287 per unit, a 22% increase from the previous year.

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Malaysia Overhead Cranes and Gantry Cranes Market Study 2022