Cranes Market Key players like Terex, Konecranes, Zoomlion, XCMG are making huge investment

Pune, India, 4th May 2018: WiseGuyReports announced addition of new report, titled “Cranes: Technologies and Global Markets”.

Summary

Cranes are an integral part of the global material lifting industry. The focus of global crane companies is to improve few features such as flexibility, lifting and outreach capacity, and they are making major investments in R&D on the technological innovations to achieve this. This report examines the global crane market in terms of units and value, with a focus on trends in the industry that will impact the crane market in the next five years.

 

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Research projects that the global crane market will grow from 249,066 units (approximately $30.3 billion in value) in 2016 to REDACTED units (approximately $29.4 billion) in 2017 at a year-on-year growth rate of REDACTED% in terms of units. The market is estimated to grow at a five-year CAGR of REDACTED% (4.1% in terms of value) over the forecast period of 2017 through 2022 to reach a total of REDACTED units (nearly$35.9 billion) in 2022.

 

Scope of Report

The scope of this report is global and examines regional markets for each type of crane. The report also includes a discussion of the major players in in the global crane market.

 

Reasons for Doing This Study

The growing demand for cranes is being spurred by the increasing construction and infrastructural development in the high-growth emerging economies, especially in the Asia-Pacific region. However, some types of marine and port cranes have been experiencing stagnant growth or at best marginal increases over the levels achieved before the economic and financial crisis of 2008. The Chinese economy, which had been a booming market for construction equipment for years, has been on a downward trend since 2012. However, it is expected to enter into recovery mode in late 2017 and early 2018, bolstered by demand from emerging economies such as Indonesia, Malaysia, Philippines, Brazil and India, and experience strong growth throughout the forecast period (2017 to 2022). On the other hand, advanced economies showed signs of getting their strength back during the end of 2017, with strong fundamental growth in the U.S. With higher demand in the crane market expected from the highly populated emerging economies, the governments in these regions will be making major investments in improving the basic levels of infrastructure as well as in construction needs. The advanced economies will also start investing in major infrastructure projects.Report Scope:

 

The scope of this report is global and examines regional markets for each type of crane. The report also includes a discussion of the major players in in the global crane market.

 

Report Includes:

– 113 data tables

– An overview of the global market for cranes used for lifting and lowering heavy materials, and cranes most commonly used in the construction, manufacturing, and transportation industries

– Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022

– Identification of crane types, such as mobile (truck-mounted, floating, rough-terrain, railroad, all-terrain, crawler, aerial, and side-lift), marine and port, and fixed (telescopic, self-erecting, tower, level-luffing, overhead, gantry, jib, bulk-handling, deck, stacker, and loader)

– Discussion of the historic market for cranes, by category

– Examinations of global demand, key developments, industry trends, and the dynamic growth of the Chinese crane market

– Comprehensive company profiles of major players in the market, including Terex, Konecranes, Zoomlion, XCMG and Potain (Manitowoc)ABUS CRANES SYSTEMS LTD

Altec Industries Inc.

Cargotec Oyj

DEARBORN CRANES AND ENGINEERING CO. INC

Doosan VINA (Doosan Heavy Industries Vietnam)

ELECTROMECH MATERIAL HANDLING SYSTEMS (INDIA) PVT. LTD

ELLIOTT EQUIPMENT CO.

FASSI GRU S.P.A

 

Table of Content: Key Points

Chapter 1 Introduction

Study Goals and Objectives

Reasons for Doing This Study

Scope of Report

Information Sources

Methodology

Geographic Breakdown

Analyst’s Credentials

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Industry Overview and Description

Mobile Cranes

Port and Marine Cranes

Fixed Cranes

Chapter 4 Market and Technology Background

Global Market for Cranes

Global Market for Cranes by Type

Global Market for Cranes by Region

…Continued        

                                  

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