Global Crane Mats
Market Report
2024
Crane Mats market size is USD 1651.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Crane Mats market size is USD 1651.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Crane Mats Market Sales Revenue 2024 | $ 1651.2 Million |
Global Crane Mats Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14% |
North America Crane Mats Market Sales Revenue 2024 | $ 660.48 Million |
North America Crane Mats Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.2% |
Asia Pacific Crane Mats Market Sales Revenue 2024 | $ 379.78 Million |
Asia Pacific Crane Mats Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16% |
South America Crane Mats Market Sales Revenue 2024 | $ 82.56 Million |
South America Crane Mats Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.4% |
Europe Crane Mats Market Sales Revenue 2024 | $ 495.36 Million |
Europe Crane Mats Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
Middle East and Africa Crane Mats Market Sales Revenue 2024 | $ 33.02 Million |
Middle East and Africa Crane Mats Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.7% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Ownership |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Crane Mats Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Crane Mats market encompasses the production, distribution, and utilization of heavy-duty mats designed to support the weight of cranes and heavy equipment on construction sites, particularly in challenging terrains. These mats, often made from hardwood or composite materials, provide a stable surface for crane operation, protecting the underlying ground from damage and ensuring safe and efficient lifting operations. Two key drivers fuelling the growth of the Crane Mats market are the expansion of infrastructure development projects and the increasing adoption of modular construction techniques. With rapid urbanization and population growth, there is a rising demand for new infrastructure such as bridges, highways, ports, and industrial facilities, driving the need for crane mats to support construction activities.
Another significant driver in the Crane Mats market is the focus on environmental sustainability and the adoption of eco-friendly materials. As environmental concerns mount and regulations governing construction practices become more stringent, there is a growing preference for crane mats made from sustainable and recyclable materials.
In March 2023, Dica, an outrigger pad manufacturer based in Urbandale, Iowa, USA, has introduced new products at the ConExpo trade show in Las Vegas. These include the EcoMax, an engineered steel and composite crane pad, and composite cribbing timbers.
One of the key drivers in the Crane Mats market is the increasing construction activities globally. With the growing population and urbanization trends, there is a rising demand for infrastructure development, including buildings, roads, bridges, and other structures. Crane mats play a vital role in supporting heavy lifting equipment like cranes, ensuring stability and preventing ground damage in construction sites. As construction projects become more extensive and complex, the need for reliable and durable crane mats increases, driving the market growth. Additionally, infrastructure projects such as oil and gas exploration, renewable energy installations, and port expansions further contribute to the demand for crane mats, amplifying their significance in various construction applications.
Another significant driver in the Crane Mats market is the enforcement of stringent safety and environmental regulations across industries. Governments worldwide are imposing stricter guidelines to ensure workplace safety and minimize environmental impact during construction operations. Crane mats help comply with these regulations by providing a stable and secure base for heavy machinery, reducing the risk of accidents and environmental damage. Additionally, using crane mats helps prevent soil compaction and disturbance, preserving the ecosystem in environmentally sensitive areas. As companies prioritize adherence to safety and environmental standards, the demand for high-quality crane mats that meet regulatory requirements continues to rise, propelling market growth in the crane mats industry.
One of the key restraints in the Crane Mats market is the potential for supply chain disruptions. The production of crane mats often involves sourcing raw materials from various suppliers, manufacturing processes, and transportation logistics. Any disruptions in the supply chain, such as delays in material procurement, manufacturing downtime, or transportation bottlenecks, can hinder the timely delivery of crane mats to construction sites. Factors like natural disasters, trade disputes, or unforeseen events like the COVID-19 pandemic can disrupt the supply chain, leading to shortages or delays in fulfilling customer orders. As a result, construction projects may experience delays or cost overruns, impacting the demand for crane mats adversely.
The COVID-19 pandemic has had a considerable impact on the Crane Mats market, disrupting both supply and demand dynamics. On the supply side, lockdown measures and restrictions on movement have led to disruptions in manufacturing operations, causing delays in production and shipment of crane mats. Additionally, logistical challenges, including transportation restrictions and workforce shortages, have further hampered the supply chain, limiting the availability of crane mats. On the demand side, construction activities faced slowdowns or halts due to project delays, labor shortages, and financial uncertainties. Many construction projects were postponed or canceled, leading to reduced demand for crane mats. However, as economic activities gradually resume and infrastructure projects restart, there is a growing need for crane mats to support construction operations, albeit at a slower pace. Moving forward, market players are adapting to new operational norms and exploring innovative solutions to mitigate the impact of the pandemic on the Crane Mats market.
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The competitive landscape of the Crane Mats market is characterized by the presence of several key players vying for market share through various strategies such as product innovation, mergers and acquisitions, and geographical expansion. Leading companies in the market include Sterling Lumber Company, Quality Mat Company, Spartan Mat, and Bridgewell Resources LLC, among others.
In June 2022, Euro Auctions recently conducted a successful sale of 22 cranes from the M&M Crane Hire fleet in the UK, following the closure of the company. The auction attracted a global audience of bidders, with European buyers, particularly from the Netherlands, the UK, Ireland, and Romania, emerging as the most successful participants.
(Source: https://vertikal.net/en/news/story/40445/mampm-cranes-fetch-46-million)
In April 2021, Center Rock Capital Partners, LP announced that its ground protection platform, Signature Systems, LLC, acquired Matrax, LLC, a design, engineering, and manufacturing company specializing in a range of site access solutions.
Top Companies Market Share in Crane Mats Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Crane Mats Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Crane Mats Industry growth. Crane Mats market has been segmented with the help of its Product Type, Application Ownership, and others. Crane Mats market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, steel crane mats emerge as the dominating category. Steel crane mats offer exceptional durability, strength, and load-bearing capacity, making them ideal for supporting heavy crane equipment and providing stable ground conditions on construction sites. Their ability to withstand extreme weights and harsh environmental conditions makes them a preferred choice for large-scale construction projects and industrial applications. Additionally, steel crane mats have a longer lifespan compared to other materials, reducing the need for frequent replacements and offering cost-effectiveness in the long run. As a result, steel crane mats continue to dominate the market due to their superior performance and reliability.
Rubber crane mats represent the fastest-growing category in the Crane Mats market. Rubber crane mats are gaining popularity due to their versatility, shock absorption properties, and environmental sustainability. They provide excellent traction, reducing the risk of slippage and accidents on construction sites. Additionally, rubber crane mats are lighter in weight compared to steel or wood alternatives, making them easier to transport and install. Moreover, their ability to absorb vibrations and noise makes them suitable for sensitive environments such as residential areas or near infrastructure. With increasing emphasis on safety regulations and environmental concerns, the demand for rubber crane mats is expected to surge, driving their rapid growth in the market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Crane Mats Industry. Request a Free Sample PDF!
According to Cognitive Market Research, construction emerges as the dominating category in terms of application. Construction projects require crane mats for various purposes such as providing stable ground support, protecting underlying surfaces, and distributing the weight of heavy equipment. Crane mats are essential for ensuring safety and efficiency in construction sites, particularly when lifting and moving heavy loads. The construction sector's constant demand for crane mats, driven by ongoing infrastructure development, building renovations, and urbanization projects, contributes to the dominance of this application segment in the market.
Wind farms represent the fastest-growing category in the Crane Mats market. As the renewable energy sector continues to expand, there is a growing demand for crane mats to support the installation and maintenance of wind turbines. Crane mats play a crucial role in providing stable platforms for heavy lifting equipment during the construction and assembly of wind turbines. With governments and industries worldwide investing in clean energy initiatives and the increasing adoption of wind power generation, the demand for crane mats in wind farm applications is expected to experience significant growth in the coming years. This trend drives the rapid expansion of this segment in the Crane Mats market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Crane Mats market report 2024 Edition by contacting our team.
According to Cognitive Market Research, construction companies emerge as the dominating category in terms of ownership. Construction companies often invest in crane mats to support their ongoing projects, ensuring safe and efficient operations on job sites. These companies typically purchase or lease crane mats to meet their specific project requirements, including size, weight capacity, and terrain conditions. Due to the constant demand for crane mats in construction activities, construction companies hold a significant share of ownership in the market.
Rental companies represent the fastest-growing category in the Crane Mats market. Rental companies offer crane mats on a short-term or long-term basis, providing flexibility and cost-effectiveness to construction companies, sub-contractors, and other industry players. With the increasing adoption of rental services across various sectors, including construction, infrastructure development, and energy projects, rental companies are experiencing growing demand for crane mats. Renting crane mats allows companies to access the equipment they need without the upfront investment, making it an attractive option for businesses seeking to optimize their operational costs. As a result, the rental segment is witnessing rapid growth in the Crane Mats market.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the Crane Mats market due to several factors. The region experiences significant construction activity, driven by infrastructure development, urbanization, and industrial projects. As a result, there is a high demand for crane mats to provide stable ground support and prevent damage to sensitive terrain during heavy lifting operations. Additionally, North America boasts a robust oil and gas sector, particularly in regions like Texas and Alberta, where crane mats are extensively used in drilling operations.
Asia-Pacific emerges as the fastest-growing region in the Crane Mats market due to several key factors. The region is experiencing rapid urbanization and industrialization, driving the demand for infrastructure development and construction projects. With the construction industry booming in countries like China, India, and Southeast Asian nations, there is a significant need for crane mats to support heavy lifting equipment and ensure stability on construction sites.
The current report Scope analyzes Crane Mats Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Crane Mats market size was estimated at USD 1651.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 660.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. In North America, the Crane Mats market exhibits robust growth, driven by increasing infrastructure development projects and the expansion of industries such as construction, oil and gas, and renewable energy. The region is characterized by a high demand for crane mats, particularly in the United States and Canada, where construction activities are prevalent. Segmentation analysis reveals that steel crane mats dominate the market in North America, owing to their durability, load-bearing capacity, and suitability for various terrains. In conclusion, North America's Crane Mats market is poised for continued growth, fuelled by ongoing infrastructure development initiatives and the adoption of advanced construction technique.
According to Cognitive Market Research, the global Crane Mats market size was estimated at USD 1651.2 Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 379.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.In the Asia Pacific region, the Crane Mats market is experiencing robust growth due to rapid urbanization, industrialization, and extensive infrastructure development initiatives across countries like China, India, Japan, and South Korea. Segmentation analysis reveals that rubber crane mats dominate the market in Asia Pacific, primarily due to their versatility, durability, and resistance to harsh environmental conditions. These mats find extensive applications in construction sites, oil and gas projects, and mining operations across the region. In conclusion, the Crane Mats market in Asia Pacific is poised for continued expansion, fuelled by the region's rapid economic growth and increasing infrastructure investments.
According to Cognitive Market Research, the global Crane Mats market size was estimated at USD 1651.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 82.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4%from 2024 to 2031.In Latin America, the Crane Mats market is driven by a combination of factors including infrastructure development, urbanization, and the expansion of the oil and gas sector. Countries like Brazil, Mexico, Argentina, and Colombia are witnessing substantial investments in infrastructure projects, such as road and bridge construction, which require the use of crane mats for temporary access roads and stabilizing equipment. Segmentation analysis reveals that steel crane mats dominate the market in Latin America due to their strength, durability, and suitability for heavy-duty applications. These mats are extensively used in construction sites, mining operations, and oil and gas projects across the region. In conclusion, the Crane Mats market in Latin America presents lucrative opportunities for market players due to the region's ongoing infrastructure development projects and industrial expansion.
According to Cognitive Market Research, the global Crane Mats market size was estimated at USD 1651.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 495.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031. In Europe, the Crane Mats market is characterized by steady growth, driven by infrastructure development projects, urbanization, and the expansion of industries such as construction, energy, and transportation. The region comprises several key countries such as Germany, the United Kingdom, France, and Italy, where construction activities and industrial projects contribute significantly to the demand for crane mats. Segmentation analysis reveals that wood crane mats dominate the market in Europe, owing to their availability, cost-effectiveness, and eco-friendly nature. These mats are widely used in construction sites, pipeline projects, and temporary access roads, contributing to their substantial market share in the region. In conclusion, the Crane Mats market in Europe is poised for continued growth, supported by ongoing construction activities, infrastructure investments, and the adoption of advanced technologies.
According to Cognitive Market Research, the global Crane Mats market size was estimated at USD 1651.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 33.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7%from 2024 to 2031.In the Middle East and Africa (MEA) region, the Crane Mats market is characterized by rapid urbanization, extensive infrastructure development, and significant investments in the oil and gas sector. The region's large-scale construction projects, including skyscrapers, bridges, and highways, drive the demand for crane mats as temporary access roads and stable platforms for heavy lifting equipment. Segmentation analysis reveals a dominance of steel crane mats in the MEA region, owing to their strength, durability, and ability to withstand high loads. These mats are widely used in construction sites, offshore installations, and mining operations across the region. In conclusion, the Crane Mats market in the Middle East and Africa region presents lucrative opportunities for market players amidst ongoing infrastructure development and industrial growth.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Product Type | Steel Crane mats, Rubber Crane mats, Wood Crane mats, Other metal Crane Mats |
Application | Pipelines, Construction, Transmission lines, Well sites, Environmental remediation, Wind farm, Mining, Sea Port Logistics |
Ownership | Rental companies, Construction companies, Sub-contractors |
List of Competitors | Matrax, Beasley Forest Products, Garnett Wood Products, Quality Mat Company, Viking Mat Company, Universal Crane Mats Ltd, Channel Lumber Co, Calumet Harbor Lumber, Riephoff Sawmill, Northern Mat&Bridge, Bigfoot Construction Equipment, Strad, Canada Rig Mats Ltd |
This chapter will help you gain GLOBAL Market Analysis of Crane Mats. Further deep in this chapter, you will be able to review Global Crane Mats Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Crane Mats Market Trends North America Crane Mats Technological Road Map North America Crane Mats Market Drivers North America Crane Mats Market Restraints North America Crane Mats Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Ownership Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Crane Mats market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Steel Crane mats have a significant impact on Crane Mats market? |
What are the key factors affecting the Steel Crane mats and Rubber Crane mats of Crane Mats Market? |
What is the CAGR/Growth Rate of Pipelines during the forecast period? |
By type, which segment accounted for largest share of the global Crane Mats Market? |
Which region is expected to dominate the global Crane Mats Market within the forecast period? |
Segmentation Level Customization |
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