Report Ocean published a new report on the ‘Global Crane Market’. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Get a complete report on Crane Market’ (Including Full TOC, 200+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Crane Market is valued approximately at USD 36.8 billion in 2019 and is anticipated to grow with a CAGR of 5.22% over the forecast period 2020-2027.
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A crane is a mechanical vehicle equipped with wires, hoist ropes and chains used to uplift or displace heavy materials or substances beyond human capacity. Cranes are available in variety of sizes and utilized majorly in the marine, construction and mining industries. A hoist rope is a device used to load or lower materials using a drum or a wheel. As per requirements crane and hoist are of several types such as power travel wire hoist, flameproof hoist, bridge cranes and many more. Due to rapid urbanization world, a tremendous rise in the construction sector has been observed which drives the market growth of crane and hoist market.
For Instance: In 2018, as per United Nations 55% of the world’s population reside in urban areas which is estimated to increase up to approximately 68% by 2050. Additionally, rehabilitation of public building, public parks, schools, airports and other support the market growth. Further, in the emerging economies such as India and China, government activities to remove the rising encroachments for establishment of clean and smart accelerates the use of cranes.
For Instance: As per Deccan Chronicles in June 2017, around 7% percent of the government land has been under encroachment. Crane and hoist can also be vitally used to increase efficiency, increase production, lower the labor costs and to ensure better working conditions. Moreover, developments in the green projects such as hydroelectric dams and windmills create opportunities for the market growth. However, factors such as rising carbon emission, higher investment to purchase cranes and lack of skilled persons to operate crane are the major restraining factors which impede the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Crane and Hoist market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region across the world due to rapid urbanization. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such growth in the construction sector and surge in acceptance of green projects across emerging economies such as China and India would create lucrative growth prospects for the Crane and Hoist market across Asia-Pacific region.
Major market player included in this report are:
The Liebherr Group (Germany)
Cargotec Oyj (Finland)
Konecranes Oyj (Finland)
Mammoet (Netherlands)
Alltech industries India pvt. Ltd (India)
Terex Corporation (US)
Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd. (Japan)
Kato Works Co., Ltd. (Japan)
Columbus McKinnon Corporation (US)
ZPMC (Shanghai Zhenhua Heavy Industries Company Limited) (China)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Crane Type:
Mobile Cranes
Fixed Cranes
By Hoist Type:
Wire Rope
Roller Load Chain
Welded Link Load Chain
Others
By Crane Operation:
Hydraulic
Electric
Hybrid
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By Hoist Operation:
Pneumatic
Electric
Hydraulic
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2022? What rate of market expansion is anticipated between 2023 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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