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GLOBAL CRANE MARKET FORECAST 2018-2026

GLOBAL CRANE MARKET FORECAST 2018-2026

  • August 2018
  • 165 pages
  • ID: 4622004
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The global cranes market is poised to grow during the forecast period of 2018 to 2026 at a 5.99% CAGR. Various reasons for the growth of the cranes market are higher demand from construction and infrastructure industry, the growth of economies in developing nations, construction of smart cities and megacities and technological innovations which have resulted in lighter and more energy efficient cranes. There is a higher demand for energy efficient, lighter and compact cranes. They are widely used in the marine sector, mining, and excavation.

MARKET INSIGHTS
Cranes market is segmented on the basis of geography, type, and end user.On the basis of the type, it can be segmented into mobile cranes, fixed cranes and marine and port cranes.

End users are segmented into construction, infrastructure, industrial, marine, offshore and mining and others. The market is being presented with opportunities such as technological development in machinery, structured training for crane operators and increasing application in industrial sectors.

REGIONAL INSIGHTS
Market regions that are covered in this report are North America, Europe, Asia-Pacific, South America and the Middle East and Arica.The Asia-Pacific market is expected to report very good growth over the forecast period due to the increasing demand for cranes.

Development of megacities and smart cities, infrastructure renewal, globalization, and urbanization is likely to boost this region’s growth.The biggest markets for cranes in the Asia-Pacific are China and Japan.

They have a booming construction industry and large infrastructure sector.

COMPETITIVE INSIGHTS
Few of the leading companies operating in the global crane market are Altec Inc, Cargotec, Columbus Mckinnon Corporation, Fassi Gru S.P.A. Socio Unico, Favelle Favco, Furukawa Unic Corporation, Hitachi Sumitomo Heavy Industries Construction Crane Co.Ltd., Huisman Equipment, Ihi Construction Machinery Limited, Kato Works, Kobelco Cranes Co. Ltd., Konecranes Plc, Liebherr-International Ag, Link-Belt Construction Equipment Co, Manitowoc, National Oilwell Varco, Palfinger Ag, Sennebogen Maschinenfabrik Gmbh, Tadano Ltd, Terex Corporation, Tts Group, Xcmg, Zoomlion Heavy Industry Science & Technology Co. Ltd.

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