Crane Market Global Market Trends, Analysis & Outlook 2017-2024 www.inkwoodresearch.com
Report Summary • The global cranes market is poised to grow during the forecast period of 2017 to 2024. • Various reasons for the growth of the cranes market are higher demand from construction and infrastructure industry,
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• The growth of economies in developing nations, construction of smart cities and mega cities and technological innovations which have resulted in lighter and more energy efficient cranes. • Continuous technological advancement in this sector has led to the creation of more adaptable, intelligent and modular cranes. There is a higher demand for energy efficient, lighter and compact cranes.
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. • Marine port cranes are further classified into the mobile harbor, gantry, offshore and ship cranes. Fixed cranes are segmented into monorail and underhung cranes, overhead track-mounted cranes, tower cranes and stiff-leg derrick. • Mobile cranes are classified into wheeled mounted mobile cranes, commercial truck-mounted cranes, crawler cranes, side boom, straddle cranes, railroad cranes, aerial cranes and others. End uses for cranes can be construction, infrastructure, shipyards, automotive, excavation and mining and others.
Market Insights • Mobile cranes are classified into wheeled mounted mobile cranes, commercial truckmounted cranes, crawler cranes, side boom, straddle cranes, railroad cranes, aerial cranes and others. End uses for cranes can be construction, infrastructure, shipyards, automotive, excavation and mining and others. • It is expected that the market for marine cranes will report the highest growth in the forecast period due to increasing sea trade. However, the market for fixed cranes is going to grow at a slow rate in the forecast period. • As end-user, cranes will be used mostly by the construction industry. Improving fiscal situation in developing countries like India, China, Brazil and the African and the Latin American region will lead to rapid urbanization and the need for more construction activities. • Factors that will restrain market growth are high maintenance costs, stringent emission norms, supply crunch in raw materials and unstable fuel prices.
Market Share
Competitive Insights • The major market players for cranes are Liebherr, Cargotec, Terex, XCMG, Zoomlion, Konecranes, Manitowoc, APMC, Tadano and Sany. Established companies have a good hold on the cranes market due to the high cost of investment needed to enter and sustain in the market. • Companies are forming alliances and are going for mergers and acquisitions to strengthen their market position. • Organizations are investing in research and development to come up with novel and innovative products that will capture new market share.
Report Segmentation GLOBAL CRANE MARKET, BY TYPE MOBILE CRANES • WHEEL MOUNTED MOBILE CRANES • COMMERCIAL TRUCK MOUNTED CRANES • CRAWLER CRANE • SIDE BOOM • STRADDLE CRANES • RAILROAD CRANES • AERIAL CRANES • OTHER MOBILE CRANES FIXED CRANES • MONORAIL & UNDERHUNG • OVERHEAD TRACK MOUNTED CRANES • TOWER CRANES • MINING AND EXCAVATION • MARINE AND OFFSHORE • INDUSTRIAL & OTHERS
MARINE & PORT CRANES • MOBILE HARBOUR CRANES • FIXED HARBOUR CRANES • OFFSHORE • SHIP CRANES OTHER CRANE TYPES GLOBAL CRANE MARKET, BY APPLICATION TYPE • CONSTRUCTION AND INFRASTRUCTURE • MINING AND EXCAVATION • MARINE AND OFFSHORE • INDUSTRIAL • OTHERS
Report Segmentation GLOBAL CRANE MARKET BY GEOGRAPHY NORTH AMERICA • US • CANADA • MEXICO • REST OF NORTH AMERICA SOUTH AMERICA • ARGENTINA • BRAZIL • REST OF SOUTH AMERICA EUROPE • UK • FRANCE • GERMANY • RUSSIA • ITALY • SWEDEN • SPAIN • REST OF EUROPE
ASIA PACIFIC • INDIA • CHINA • JAPAN • SOUTH KOREA • AUSTRALIA • REST OF ASIA-PACIFIC AFRICA & MIDDLE-EAST • EGYPT • UAE • SAUDI ARABIA • SOUTH AFRICA • REST OF AFRICA & MIDDLE-EAST
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