Global Crane Market was valued at USD 34800 million in 2021 and is expected to reach USD 50460 million by the year 2028, at a CAGR of 5.45%.
A crane represents a category of construction machine that is used to move the loads horizontally. It is equipped with a hoist rope, wire ropes and sheaves, and can be used to lift heavy loads or transport them to other locations. The mechanical advantages created by various components on the crane can generate powerful strength. The designs of cranes have evolved to meet the requirements of a variety of industries with modern cranes having the capability to coordinate simple systems to attain complex lifting tasks. A wide range of different types of crane can be used in construction projects to lift and move materials and other building elements from one location to another. Cranes can be of multiple types and can range from a simple rope pulley to a tower crane fixed to the top of a high-rise building. The choice of crane for a particular application will depend on a number of different factors. For the purpose of this report, cranes have been broadly classified as mobile cranes, static cranes, and marine and port cranes.
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Leading Key Players Covered in Crane market:
- Konecranes PLC.
- Cargotec OYJ
- Terex Corporation
- Tadano Limited
- Kobelco Cranes Co. Limited
- Palfinger AG
- Liebherr-International AG
- Zoomlion Heavy Industry Science
- and Technology Co. Limited
- Favelle Favco Group and Others major players.
These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
Segmentation of Crane market:
- Mobile Cranes
- Fixed Cranes
- Marine and Offshore Cranes
- Construction & Infrastructure
- Mining and Excavation
- Marine and Offshore
- Industrial Applications
Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Reasons to Purchase this Market Report:
- Market forecast analysis through recent trends and SWOT analysis
- Crane Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
- Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
- Crane Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
- Competitive environment related to the Crane market share for key players, along with new projects and strategies that players have adopted over the past five years
Key Questions Answered in This Report:
- How has the global crane market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global crane industry?
- What has been the impact of COVID-19 on the global crane market?
- What are the major application segments in the global crane industry?
- What are the key product types in the global crane industry?
- What are the various stages in the value chain of the global crane market?
- What are the key driving factors and challenges in the global crane market?
- What are the import and export trends in the global crane market?
- What is the structure of the global crane market and who are the key players?
- What is the degree of competition in the global crane market?
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