Cranes Market Overview
According to Fortune Business Insights, a prominent global business consulting firm, their highly anticipated “Cranes Market” report reveals vital insights into the market’s potential, particularly in the Asia-Pacific region. Despite economic setbacks post-Covid lockdowns, the market has demonstrated resilience and a continuous upward trajectory. The report identifies the Asia-Pacific as a key growth region for the Cranes Market and its component manufacturers over the coming decade.
Cranes Market size was USD 34.95 billion in 2020 and is projected to grow from USD 36.36 billion in 2021 to USD 49.64 billion in 2028 at a CAGR of 4.5% during the 2021-2028 period.
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Cranes Market Scope
The Cranes Market Analysis Report covers comprehensive details on import/export consumption, supply and demand chains, cost structures, market shares, sales volumes, revenues, and gross profits. It further evaluates the manufacturing bases, production capacities, factory prices, revenues, and market share of each key manufacturer operating within the market.
Cranes Market Segmentation
By Product Type
- Mobile
- Fixed
- Marine
By End-User
- Construction
- Mining
- Industrial
- Oil & Gas
- Others
The market is segmented into five major industries: Manufacturing, Healthcare, Retail, Government & Education, and Telecommunications & IT, with the Telecommunications & IT segment expected to dominate market share throughout the forecast period, as it led the market in 2023.
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Cranes Market Key Players
- SANY GROUP (China)
- Konecranes (Finland)
- Manitowoc Company, Inc. (U.S.)
- Tadano Ltd (Japan)
- Komatsu Ltd (Japan)
- Terex Corporation (U.S.)
- Liebherr Group (Germany)
- Hitachi Construction Machinery Europe NV (Netherlands)
- Demag Cranes & Components GmbH (Germany)
- Zoomlion Heavy Industry Science and Technology Co., Ltd (China)
- XCMG Group (China)
- Caterpillar (U.S.)
- GORBEL INC. (U.S.)
- Street Crane Company Limited (U.K.)
- PALFINGER AG (Austria)
- ZPMC (China)
- Certex (U.K.)
- Cargotec (Finland)
- BUCKNER HEAVYLIFT CRANES, LLC (U.S.)
- Pelloby Ltd. (U.K.)
The cranes market is vital for lifting and transporting heavy materials in construction, shipping, and manufacturing. Innovations in crane technology, including automation and smart controls, are enhancing safety, efficiency, and operational flexibility.
Table of content for the Cranes Market includes:
Part 01: Executive Summary
Part 02: Scope of the Cranes Market Report
Part 03: Cranes Market Landscape
Part 04: Cranes Market Sizing
Part 05: Cranes Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The report offers an in-depth analysis of the Cranes industry across five major global regions: Europe, North America, Asia-Pacific, the Middle East & Africa, and Latin America. It provides detailed insights into the key geographies and examines notable segments and sub-segments within the industry.
Key Questions answered in the Cranes Market Report are:
- What is the Cranes Market?
- What is the forecast period for the Cranes Market?
- What is the competitive landscape of the Cranes Market?
- Which region held the largest share in the Cranes Market?
- What opportunities exist for the Cranes Market?
- What are the restraining factors in the Cranes Market?
- Who are the key players in the Cranes Market?
Key offerings:
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Cranes
- Landscape- Leading key players and other prominent key players.
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