Global Crane Market Information Report by Crane Types (Mobile Cranes, Fixed Cranes, and Marine Cranes), By Application (Construction & Infrastructure, Mining, Oil & Gas, and others) and By Region – Global Forecast To 2023
Industry Overview
Crane machines are used for lifting heavy items, and they are always useful in towing activities. Market Research Future (MRFR) has published a research report about the global crane market that foretells advancement with 5.9% CAGR (Compound Annual Growth Rate) for this market between 2016 and 2023. Observing the market structure, this report evaluates the future growth potential of the market and analyzes the strategies of the key players in the market. It also follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, new product developments (R & D) in the market.
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The primary key driver of this market is the global growth of the construction and infrastructure sector. Other important factors driving this market include various technological innovations in crane models that have resulted in lighter and more energy efficient cranes. They also include growing demand from the oil & gas sector for loading and unloading of loads such as containers and drill pipes is fuelling the demand of the market. The global crane market has been segmented on the basis of application, crane types, and region. As per application basis, this market has been segmented into construction & infrastructure, mining, oil & gas, and others. By crane types, the market has been segmented into marine cranes, mobile cranes, and fixed cranes.
Due to the expansion and upgradation of power grids and distribution networks, Europe is the second largest market. The most significant country-based markets in this region are France, Germany, Spain, and the United Kingdom (UK), followed by the rest of Europe. In North America, due to the high-level industrialization and technological advancement, the most important country-based markets in this region are the United States of America (USA) and Canada. Many key players in this market are based in the USA.
Competitive Analysis:
Leading players in the global crane market include –
- Cargotec Oyj
- Liebherr Group
- Terex Corporation
- Xuzhou Construction Machinery Group Co. Ltd.
- Sumitomo Heavy Industries Construction Crane Co. Ltd.
- Shanghai Zhenhua Heavy Industry Co. Ltd.
- Manitex International Inc.
- Tadano Ltd.
- The Manitowoc Company Inc.
- Konecranes PLC.
Industry Updates:
In January 2019, Manitowoc announced plans to reveal six new crane models at the bauma 2019 in April.
In the downtown Fayetteville, a 180-foot tall tower crane has been erected for use with the Prince Charles Hotel construction projects. These projects include renovation of the old hotel into apartments and retail space, as well as building a new hotel, office building, and parking garage. This is all part of about US $65 mn in private investment around the baseball stadium the city has been under construction. This stadium is expected to be home to a minor league team for the Houston Astros.
Hydraulic loader crane manufacturer Palfinger has launched its first line of cranes that are mounted on a crawler chassis.
Segmentation:
The global crane market is segmented on the basis of crane type, application, and region.
On the basis of crane type, the global crane market is segmented into mobile cranes, fixed cranes, and marine cranes.
On the basis of application, the global crane market is segmented into construction and infrastructure, mining, oil and gas, and others.
Intended Audience
- Manufacturing Industries
- Distributer & Supplier companies
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
- Research Organizations
Scope of Report
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.
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continued…….
List of Tables
Table 1 Global Cranes Market, by Crane Types
Table 2 Global Cranes Market, by Application
Table 3 Global Cranes Market, by Regions
Table 4 North America Cranes Market, by Country
Table 5 North America Cranes Market, by Crane Types
Table 6 North America Cranes Market, by Application
Table 7 U.s. Cranes Market, by Crane Types
Table 8 U.s. Cranes Market, by Application
Continued……
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