From Urbanization to Automation: The Expanding Horizons of the Global Cranes Market The cranes market is set for considerable expansion, with projections indicating it will reach $51.7 billion by 2031, growing at a 4.6% CAGR from 2024 to 2031. This growth is driven by a variety of factors including the ongoing wave of urbanization, increased infrastructure development, and significant technological progress in crane capabilities.
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