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

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.

Table Of Contents

Offshore Crane Market by Application, by Design Type, by Lifting Capacity and by Region - Global Forecast to 2020
TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primaries 19
2.2 MARKET SIZE ESTIMATION 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS and LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
2.4.2 LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES 31
4.2 ASIA-PACIFIC: THE LARGEST MARKET FOR OFFSHORE CRANE 32
4.3 CHINA TO DOMINATE THE OFFSHORE CRANE MARKET BY MARKET SIZE IN ASIA-PACIFIC IN 2014 33
4.4 KNUCKLE BOOM DESIGN TYPE SEGMENT EXPECTED TO LEAD THE MARKET 34
4.5 LIFE CYCLE ANALYSIS, BY REGION 35
5 INDUSTRY TRENDS 36
5.1 INTRODUCTION 36
5.2 SUPPLY CHAIN ANALYSIS 36
5.3 INDUSTRY TRENDS 37

5.4 PORTER'S FIVE FORCES ANALYSIS 38
5.4.1 THREAT FROM NEW ENTRANTS 39
5.4.2 THREAT OF SUBSTITUTE 39
5.4.3 BARGAINING POWER OF BUYERS 39
5.4.4 BARGAINING POWER OF SUPPLIERS 40
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 40
6 MARKET OVERVIEW 41
6.1 INTRODUCTION 42
6.2 MARKET SEGMENTATION 42
6.2.1 BY APPLICATION 42
6.2.2 BY DESIGN TYPE 43
6.2.3 BY LIFTING CAPACITY 43
6.2.4 BY REGION 43
6.3 MARKET DYNAMICS 43
6.3.1 DRIVERS 44
6.3.1.1 Offshore renewable industry growth 44
6.3.1.2 Expansion in offshore exploration and production activities 44
6.3.1.3 Boost in the subsea construction vessel industry 44
6.3.2 RESTRAINTS 45
6.3.2.1 Decline in the offshore support vessel demand 45
6.3.2.2 High environmental risk 46
6.3.2.3 High entry barriers 46
6.3.3 OPPORTUNITIES 47
6.3.3.1 Increase in offshore spending 47
6.3.3.2 Potential oilfield discovery 47
6.3.4 CHALLENGES 48
6.3.4.1 Safety concerns in offshore industry 48
6.3.4.2 Current low oil price 48
7 OFFSHORE CRANE MARKET, BY APPLICATION 49
7.1 INTRODUCTION 50
7.2 OIL RIG CRANES 51
7.3 MARINE CRANES 52
7.4 OTHERS CRANES 54
8 OFFSHORE CRANE MARKET, BY LIFTING CAPACITY 56
8.1 INTRODUCTION 57
8.2 0-500MT LIFTING CAPACITY 58
8.3 500-3,000MT LIFTING CAPACITY 59
8.4 ABOVE 3,000MT LIFTING CAPACITY 60

9 OFFSHORE CRANE MARKET, BY DESIGN TYPE 61
9.1 INTRODUCTION 62
9.2 KNUCKLE BOOM DESIGN TYPE 63
9.3 TELESCOPIC BOOM DESIGN TYPE 64
9.4 LATTICE BOOM DESIGN TYPE 65
9.5 OTHER BOOM DESIGN TYPE 66
10 OFFSHORE CRANE MARKET, BY REGION 67
10.1 INTRODUCTION 68
10.2 AMERICAS 69
10.2.1 U.S. 73
10.2.2 MEXICO 74
10.2.3 BRAZIL 75
10.2.4 REST OF AMERICAS 75
10.3 EUROPE 76
10.3.1 NORWAY 80
10.3.2 U.K. 81
10.3.3 REST OF EUROPE 82
10.4 ASIA-PACIFIC 82
10.4.1 CHINA 85
10.4.2 INDIA 85
10.4.3 AUSTRALIA 86
10.4.4 REST OF ASIA-PACIFIC 87
10.5 MIDDLE EAST and AFRICA 87
10.5.1 UAE 90
10.5.2 SAUDI ARABIA 91
10.5.3 NIGERIA 91
10.5.4 ANGOLA 92
10.5.5 REST OF THE MIDDLE EAST and AFRICA 92
11 COMPETITIVE LANDSCAPE 94
11.1 OVERVIEW 95
11.2 MARKET SHARE ANALYSIS 96
11.3 COMPETITIVE SITUATION and TRENDS 96
11.3.1 CONTRACTS and AGREEMENTS 98
11.3.2 NEW PRODUCT DEVELOPMENT 99
11.3.3 MERGERS and ACQUISITIONS 100
11.3.4 EXPANSIONS 100
11.3.5 OTHER DEVELOPMENTS 101

12 COMPANY PROFILES 102
(Company at a Glance, Recent Financials, Products and Services, Strategies and Insights, and Recent Developments)*
12.1 INTRODUCTION 102
12.2 CARGOTEC 103
12.3 KONECRANES 107
12.4 LIEBHERR 110
12.5 MANITOWOC 114
12.6 TEREX CORPORATION 118
12.7 HUISMAN 122
12.8 KENZ FIGEE 125
12.9 NATIONAL OILWELL VARCO 127
12.10 PALFINGER 129
12.11 ZOOMLION 131
*Details on company at a glance, recent financials, products and services, strategies and insights, and recent developments might not be captured in case of unlisted companies.
13 APPENDIX 133
13.1 INSIGHTS OF INDUSTRY EXPERTS 133
13.2 DISCUSSION GUIDE 133
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 137
13.4 AVAILABLE CUSTOMIZATIONS 138
13.5 RELATED REPORTS 138


LIST OF TABLES

TABLE 1 OFFSHORE RENEWABLE INDUSTRY GROWTH, EXPANSION IN OFFSHORE EXPLORATION and PRODUCTION ACTIVITIES ARE PROPELLING THE GROWTH OF
THE MARKET 45
TABLE 2 HIGH INITIAL INVESTMENT AND LONGER STARTUP TIME RESTRAIN MARKET GROWTH 47
TABLE 3 INCREASE IN OFFSHORE SPENDING AND DISCOVERY OF NEW OFFSHORE OILFIELDS ARE OPPORTUNITIES FOR THE OFFSHORE CRANE MARKET 48
TABLE 4 SAFETY CONCERNS AND LOW OIL PRICES ARE KEY CHALLENGES FOR OFFSHORE CRANE MARKET 48
TABLE 5 OFFSHORE CRANE MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 50
TABLE 6 OIL RIG CRANE MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION) 51
TABLE 7 OFFSHORE RIG COUNT, BY COMPANY and TYPE, 2015 51
TABLE 8 OIL RIG CRANE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 52
TABLE 9 MARINE CRANE MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION) 53
TABLE 10 MARINE CRANE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 53
TABLE 11 OTHERS CRANES MARKET SIZE, BY TOP COUNTRIES, 2013-2020 (USD MILLION) 54
TABLE 12 OFFSHORE WIND FARMS FROM JANUARY TO JUNE 2015 54
TABLE 13 OTHERS CRANES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 55
TABLE 14 OFFSHORE CRANE MARKET SIZE, BY LIFTING CAPACITY, 2013-2020 (USD MILLION) 57
TABLE 15 0-500MT LIFTING CAPACITY OFFSHORE CRANE MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 58
TABLE 16 500-3,000MT LIFTING CAPACITY OFFSHORE CRANE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 59
TABLE 17 ABOVE 3,000MT LIFTING CAPACITY OFFSHORE CRANE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 60
TABLE 18 OFFSHORE CRANE MARKET SIZE, BY DESIGN TYPE, 2013-2020 (USD MILLION) 63
TABLE 19 KNUCKLE BOOM DESIGN TYPE OFFSHORE CRANE MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 63
TABLE 20 TELESCOPIC BOOM DESIGN TYPE OFFSHORE CRANE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 64
TABLE 21 LATTICE BOOM DESIGN TYPE OFFSHORE CRANE MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 65
TABLE 22 OTHER BOOM DESIGN TYPE: OFFSHORE CRANE MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 66
TABLE 23 OFFSHORE CRANE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 69
TABLE 24 AMERICAS: OFFSHORE CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 71
TABLE 25 AMERICAS: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 71
TABLE 26 AMERICAS: OIL RIG CRANE MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 72
TABLE 27 AMERICAS: MARINE RIG CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 72
TABLE 28 AMERICAS: OTHERS CRANE MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 73
TABLE 29 U.S.: OFFSHORE CRANE MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 73
TABLE 30 MEXICO: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 74
TABLE 31 BRAZIL: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 75
TABLE 32 REST OF AMERICAS: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 76
TABLE 33 EUROPE: OFFSHORE CRANE MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 78
TABLE 34 EUROPE: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 78
TABLE 35 EUROPE: OIL RIG CRANES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 79
TABLE 36 EUROPE: MARINE CRANES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 79
TABLE 37 EUROPE: OTHERS CRANES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 79
TABLE 38 NORWAY: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 80
TABLE 39 U.K.: OFFSHORE CRANE MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 81
TABLE 40 REST OF EUROPE: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 82
TABLE 41 ASIA-PACIFIC: OFFSHORE CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 82
TABLE 42 ASIA-PACIFIC: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 83
TABLE 43 ASIA-PACIFIC: OIL RIG CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 83
TABLE 44 ASIA-PACIFIC: MARINE CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 84
TABLE 45 ASIA-PACIFIC: OTHERS CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 84
TABLE 46 CHINA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 85
TABLE 47 INDIA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 86
TABLE 48 AUSTRALIA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 86
TABLE 49 REST OF ASIA-PACIFIC: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 87
TABLE 50 MIDDLE EAST and AFRICA: OFFSHORE CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 88
TABLE 51 MIDDLE EAST and AFRICA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 88
TABLE 52 MIDDLE EAST and AFRICA: OIL RIG CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 89
TABLE 53 MIDDLE EAST and AFRICA: MARINE CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 89
TABLE 54 MIDDLE EAST and AFRICA: OTHER CRANE MARKET SIZE, BY COUNTRY,
2013-2020 (USD ‘000) 90
TABLE 55 UAE: OFFSHORE CRANE MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 90
TABLE 56 SAUDI ARABIA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 91
TABLE 57 NIGERIA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 91
TABLE 58 ANGOLA: OFFSHORE CRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 92
TABLE 59 REST OF THE MIDDLE EAST and AFRICA: OFFSHORE CRANE MARKET SIZE,
BY APPLICATION, 2013-2020 (USD MILLION) 93
TABLE 60 CONTRACTS and AGREEMENTS, 2014-2015 98
TABLE 61 NEW PRODUCT DEVELOPMENT, 2014-2015 99
TABLE 62 MERGERS and ACQUISITIONS, 2013-2015 100
TABLE 63 EXPANSIONS, 2013-2015 100
TABLE 64 OTHER DEVELOPMENTS, 2013-2015 101


LIST OF FIGURES

FIGURE 1 MARKETS COVERED: OFFSHORE CRANE MARKET 14
FIGURE 2 OFFSHORE CRANE MARKET: RESEARCH DESIGN 16
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
and REGION 20
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 21
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 22
FIGURE 6 DATA TRIANGULATION 23
FIGURE 7 OFFSHORE CRANE MARKET SNAPSHOT (2015 VS. 2020): MARINE CRANES SEGMENT EXPECTED TO OCCUPY THE LARGEST MARKET SHARE 27
FIGURE 8 MARINE CRANE MARKET, BY REGION, 2020 (USD MILLION) 28
FIGURE 9 ASIA-PACIFIC DOMINATED THE OFFSHORE CRANE MARKET IN 2014 29
FIGURE 10 OFFSHORE CRANE MARKET, BY DESIGN TYPE, 2015-2020 (USD MILLION) 30
FIGURE 11 DEVELOPMENT OF UNCONVENTIONAL RESERVES IS EXPECTED TO DRIVE
THE OFFSHORE CRANE MARKET DURING THE FORECAST PERIOD 31
FIGURE 12 AMERICAS TO BE THE HIGHEST-GROWING REGIONAL MARKET FOR OFFSHORE CRANE FROM 2015 TO 2020 32
FIGURE 13 MARINE CRANE APPLICATION ACCOUNTED FOR A MAJOR SHARE (VALUE) IN
THE OFFSHORE CRANE MARKET IN 2014 33
FIGURE 14 KNUCKLE BOOM SEGMENT EXPECTED TO ACCOUNT FOR A MAJOR SHARE (VALUE) IN THE OFFSHORE CRANE MARKET DURING THE FORECAST PERIOD 34
FIGURE 15 LIFE CYCLE ANALYSIS, BY REGION, FROM 2015 TO 2020 35
FIGURE 16 OFFSHORE CRANES: SUPPLY CHAIN ANALYSIS 36
FIGURE 17 ACCELERATION IN OFFSHORE WIND INDUSTRY AND SHIFT OF ENERGY PRODUCTION TO THE NEW AREAS TO DRIVE THE GLOBAL OFFSHORE CRANE MARKET 37
FIGURE 18 OFFSHORE CRANES: PORTER'S FIVE FORCES ANALYSIS 38
FIGURE 19 MARKET SEGMENTATION OF OFFSHORE CRANE MARKET 42
FIGURE 20 MARKET DYNAMICS OF OFFSHORE CRANE MARKET 43
FIGURE 21 BRENT CRUDE OIL PRICES, (USD PER BARREL) 46
FIGURE 22 RELIABLE and HIGH QUALITY MAKE OFFSHORE CRANES MOST FAVORABLE FOR MARINE USAGE 50
FIGURE 23 OFFSHORE CRANE MARKET SHARE (VALUE), BY LIFTING CAPACITY, 2014 57
FIGURE 24 KNUCKLE BOOM DESIGN TYPE IS THE FASTEST-GROWING SEGMENT IN
THE GLOBAL OFFSHORE CRANE MARKET 62
FIGURE 25 REGIONAL SNAPSHOT- 2015-2020 (CAGR%) - THE U.S., BRAZIL, INDIA, AND SAUDI ARABIA EMERGING AS NEW HOT SPOTS 68
FIGURE 26 AMERICAS: REGIONAL SNAPSHOT 70
FIGURE 27 EUROPE: REGIONAL SNAPSHOT 77
FIGURE 28 COMPANIES ADOPTED PARTNERSHIPS/AGREEMENTS/COLLABORATIONS AS THE KEY GROWTH STRATEGY IN THE PAST THREE YEARS TO DOMINATE THE MARKET 95
FIGURE 29 OFFSHORE CRANE : MARKET SHARE ANALYSIS, 2014 96
FIGURE 30 MARKET EVALUATION FRAMEWORK: AWARD RECOGNITION, NEW PRODUCT DEVELOPMENTS, MERGERS and ACQUISITIONS HAVE FUELED GROWTH OF COMPANIES FROM 2012 TO 2015 97

FIGURE 31 REGION-WISE REVENUE MIX OF TOP 5 MARKET PLAYERS 102
FIGURE 32 CARGOTECH : COMPANY SNAPSHOT 103
FIGURE 33 CARGOTEC: SWOT ANALYSIS 105
FIGURE 34 KONECRANES : COMPANY SNAPSHOT 107
FIGURE 35 KONECRANES: SWOT ANALYSIS 109
FIGURE 36 LIEBHERR : COMPANY SNAPSHOT 111
FIGURE 37 LIEBHERR: SWOT ANALYSIS 112
FIGURE 38 MANITOWOC : COMPANY SNAPSHOT 115
FIGURE 39 MANITOWOC: SWOT ANALYSIS 117
FIGURE 40 TEREX CORPORATION : COMPANY SNAPSHOT 119
FIGURE 41 TEREX CORPORATION: SWOT ANALYSIS 120
FIGURE 42 NATIONAL OILWELL VARCO: COMPANY SNAPSHOT 127
FIGURE 43 PALFINGER: COMPANY SNAPSHOT 129
FIGURE 44 ZOOMLION : COMPANY SNAPSHOT 132

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