1. Market Research
  2. > Construction
  3. > Construction Equipment Market Trends

Offshore Crane Market by Application, by Design Type, by Lifting Capacity & by Region - Global Forecast to 2020

  • December 2015
  • 140 pages
  • MarketsandMarkets
Report ID: 3508688

Summary

Table of Contents

Search Inside

The rise in the subsea construction vessel industry has given a boost to its related equipment industry such as offshore cranes. In this growing environment, subsea construction vessel is considered as an inevitable part of the subsea infrastructure and performs as the logistics backbone for the offshore oil & gas industry. The offshore crane market is projected to reach a market size of USD 21.64 billion at a CAGR of 8.8% from 2015 to 2020. Rapid technological advancements, increase in the offshore renewable industry, and growing demand for oil & gas are the major driving factors for the market.

Lattice boom design is expected to have the highest growth rate in offshore cranes market
Globally, lattice boom design for offshore crane is estimated to grow at the highest rate. In terms of application, marine crane is estimated to lead and is slightly ahead of others cranes market. The growth of lattice boom design is attributed to the development of new projects of offshore wind turbines in regions such as Germany and the U.K.

Americas to lead the global offshore crane market in terms of growth rate
The Americas has taken the lead with the fastest growth rate among all other regions followed by Asia-Pacific. The discovery of new oilfields in the Brazilian basins will propel the demand for offshore support vessels in South America. The increase in the demand for offshore support vessels will further boost the demand for offshore cranes in the respective regions directly.

Breakdown of primaries:
The data have been collected through several primary and secondary sources. A comprehensive discussion guide was sent to several experts in the field of offshore/marine for the verification of market findings.
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level-35%, Director Level-25%, and others-40%
By Region: Asia-Pacific-36%, Americas- 28%, Europe-22%, and the Middle East & Africa-14%

Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies is defined on the basis of their total revenue, as of 2013: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 =
Companies Profiled:
Cargotec (Finland), Huisman (Netherland), KENZ-FIGEE (Netherland), Konecranes (Finland), Manitowoc (U.S.), Terex Corporation (U.S.), Palfinger (Austria), Zoomlion (China), National Oilwell Varco (U.S.), and Liebherr (Switzerland).

Reasons to buy the report:
1. The report identifies and addresses key markets for offshore cranes, which is useful for suppliers and OEMs to review production and distribution plans.
2. The report includes analysis for key countries by application, design type, and lifting capacity. It analyses historical trends and also forecast the market for 2020, assisting in strategic decision making.
3. It also presents competition by analyzing recent market developments such as key contract & agreements, expansions, and new product launches from the key global market players. It helps to understand the competition strategies and plan respective initiatives.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Truck Mounted Crane Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Truck Mounted Crane Truck-mounted cranes are principally used in civil engineering construction works and in heavy equipment manufacturing for material handling. They are mainly used to lift and ...

Global Mobile Crane Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Mobile Crane A mobile crane is a lifting device, which incorporates a cable-controlled crane mounted on rubber-tired carriers or crawlers or a hydraulic-powered crane with a telescoping boom. It ...

Global Marine Crane Market 2017-2021

  • $ 3500
  • Industry report
  • May 2017
  • by Infiniti Research Limited

About Marine Crane Marine cranes are defined as the pedestal-mounted elevating and rotating lifting machinery used to transport materials or personnel to and from the marine vessels. Technavio’s analysts ...

Cranes Markets In China

February 2017 $ 4000

Cranes Companies In China

February 2017 $ 1800

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.