Crane is primarily used for lifting heavy loads and transporting them to other places. It is widely used in mining, shipyards and marine sector. Growing construction and infrastructure sector across the globe, is the primary driving factor of the market. Technological innovations in crane models have resulted in lighter and more energy efficient cranes. These factors have had a positive influence on the growth of the market. However, stringent norms regarding the emission is a factor that may hamper the growth of the market. The global crane market accounted for USD 32.10 billion in 2016, and it is projected to grow at a CAGR of 5.9% during the forecast period.
- By Crane Types; Mobile Cranes, Fixed Cranes, and Marine Cranes
- By Application; Construction & Infrastructure, Mining, Oil & Gas
- By Region;
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Study Objectives of Global Crane market
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global crane market
- To provide insights about factors affecting the market growth
- To analyze the global crane market based on tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by crane type, by application and by region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the crane market
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The key players of global crane market are
- Cargotec Oyj (Finland)
- Konecranes PLC (Finland)
- Liebherr Group (Switzerland)
- The Manitowoc Company, Inc. (U.S.)
- Terex Corporation (U.S.)
- Tadano Ltd. (Japan)
- Xuzhou Construction Machinery Group Co., Ltd. (China)
- Manitex International Inc. (U.S.)
- Sumitomo Heavy Industries Construction Crane Co., Ltd (Japan)
- Shanghai Zhenhua Heavy Industry Co. Ltd. (China)
- Manufacturing Industries
- Distributer & Supplier companies
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
- Research Organizations
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Asia-Pacific region dominates the global crane market, followed by Europe. Growing demand from construction and infrastructure sector is driving the demand of the market in Asia-Pacific region. Asia-Pacific region is expected to grow at the fastest pace during the forecast period. Europe is another major market for cranes. Expansion and upgradation of power grids and distribution networks are driving the demand of the market in this region.
The report for Global Crane Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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