Market Research Report
Global Crane Market - 2019-2026
|Published by||DataM Intelligence||Product code||753068|
Delivery time: 1-2 business days
|Global Crane Market - 2019-2026|
|Published: October 1, 2019||Content info:||
The Global Crane Market is expected to grow at a CAGR of 6.98% during the forecast period 2019-2026. Cranes are industrial machinery equipped with cables and pulleys which are used to lift heavy materials, finding application in construction sites, manufacturing plants, and other industries.
Technological innovations have been made to make the crane energy efficient and light-weight, thus providing boost to market growth. This has driven the use of cranes at building sites, shipping yards and industrial factories. Cranes are also employed at petrochemical sites, and explorations of oil and gas in energy sector have driven the demand of cranes.
Global Mobile Crane sales, 2016-2018
Accidents in manufacturing plants and construction sites involving crane structural failures occur every year owing to negligence on part of human operators, overloading of cranes or machinery failure. Regulations about safety standards put forth by federal authorities and accidental hazards might impact market growth.
Based on type, the crane market is segmented into mobile cranes and fixed Cranes. Mobile Cranes can be further categorized into truck mounted cranes, all-terrain cranes, crawler cranes, and others including rough terrain cranes, loader cranes and telescopic cranes. Fixed cranes can be categorized into monorail cranes, tower cranes, gantry cranes and others including ring cranes & stiffleg cranes. Fixed Cranes are more extensively used in oil & gas sector and construction sector. However, mobile cranes are also being employed in mining operations owing to greater mobility and flexibility of use in hilly terrains.
Geographically, North America leads market share owing to increase in demand of cranes to be deployed in construction sites and manufacturing units. Technological upgradation of cranes by key players to maintain competitiveness in the market has also driven market growth in North America. Asia-Pacific will however witness higher growth rate of crane market boosted by economic development and growth of construction market.
The market is further categorized based on End-user, which includes Construction, Oil & Gas, Manufacturing, Metals & Mining, and Others. The demand for cranes is on the rise in Construction sector, which leads by market share owing to increase in deployment of cranes in building sites and shipbuilding yards. The report segments the geographies by regions, which include Asia Pacific, North America, South America, Europe, and RoW.
DataM analyses the complete scenario of the Global Crane market, market segmentation, geography analysis, companies, trends and opportunities in the market. The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The report profiles the following companies, which includes ALE, Altec, Broderson Cranes, Cargotec, Fassi Gru, Konecranes, Lampson, Mammoet, Maxim Crane works, and Sarens.
Key market segments covered