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Crawler cranes market is looking for a revival after a sluggish performance over the last few years. The market will rely on the budget proposals for the National Infrastructure Pipeline for the coming years.<p></p><p> Crawler cranes are majorly used in medium and heavy lifting applications in construction, logistics, thermal power, nuclear power, steel plants, refinery and wind power sector. Rental market is a major growth enabler for crawler cranes in India. According to a Global Market Insight report, the Asia Pacific crawler crane market is witnessing a high adoption in the construction, ports and industrial infrastructure segments and is expected to grow at a CAGR of over 5 per cent from 2018 to 2024. </p><p> <span style="font-weight: bold;">Current market scenario</span><br />The slowdown that gripped the world market has affected the construction equipment industry in the country as a whole. The slow progress of infrastructure and industrial projects has also affected the crawler cranes market. Currently the trend is towards small to medium capacity crawler cranes in general construction projects to support in the construction work. Use of large capacity crawler cranes has restricted to large size bridge construction, metro construction and petrochemical plant projects. The major application areas of thermal power and wind power are slowing down, the future demand will depend on the large size infrastructure construction projects coming up in the country. According to <span style="font-weight: bold;">Manoj Agarwal, CGM-Marketing &amp; Product Support, Action Construction Equipment,</span> major sectors which would spurt the demand include power transmission, bridge constructions, metro construction, harbour link projects, etc. </p><p>Crawler cranes market in India is driven by rental market. The rental market is largely unorganised though there are a few organised players in rentals. Also the rental rates are not uniform, rather not defined. All these coupled with the current slowdown has impacted the rental market. </p><p> <span style="font-weight: bold;">Outlook</span><br />Crawler cranes have always been playing a significant role in the lifting market. They will continue to play a major role in the upcoming big size projects for their special usage characteristics. With many large infrastructure projects in the pipeline, the future is expected to provide new opportunities to crawler cranes market. &quot;The demand for crawler cranes has shown signs of improvement in the last few months,&quot; Agarwal observes. &quot;With the budget allocation of $2 trillion in the transport infrastructure, we feel that the demand for crawler cranes will soar in the next few months,&quot; he adds.</p><p>The Budget proposals for National Infrastructure Pipeline including roads and highways, airports, smart cities, power and energy and transportation infrastructure are expected to provide demand for crawler cranes in the country in the coming years. </p>