Crane Market 2021 Industry Size, Share, Top Companies, Regional Growth, Segmentation

The use of Cranes Market in construction sites has become vital as skyscrapers are increasingly built-in urban development projects, thus promoting the Cranes Industry 2020. The construction industry reports are produced by Market Research Future, which highlights market options for expansion. A 5.9% CAGR is estimated to contribute to the market's expansion in the coming years.

The government support for construction has increased considerably in the past few years, thus improving the demand for crane market globally. Also, the increasing demand for rental units is anticipated to fuel the crane market in the upcoming period.

Segmental Analysis

The segmental study of the global crane market is segmented on the basis of type, region, and application. On the basis of the types, the crane market is segmented into port cranes, offshore cranes, industrial cranes, and others. Based on the application type, the crane market is segmented into shipping port, mining, oil gas, construction, and others. On the basis of regions, the global crane market is segmented into APAC, Europe, North America, and the rest of the regions in the world.

Detailed Regional Analysis

The region-based investigation of the crane market includes regions such as APAC, Europe, North America, and the rest of the regions in the world. The Asia-Pacific region is accountable for the principal market share in the crane market is anticipated to develop at the maximum rate for the duration of the forecast. In addition, the swift industrialization urbanization in rising economies, such as Japan, China, and India is also motivating the augmentation of the crane market in the region. Additionally, activities such as renovation and refurbishing of old buildings have augmented investments in the infrastructure construction industries, motivating the crane market. The factors such as augmented urbanization, investments, administration spending, and consumer expenditure have put the ASEAN economies to grow considerably in the next 10 to 15 years, which would activate the intensification of the building construction industry in the region.

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Competitive Analysis

The reinvention of the supply chains by integrating robust technology in them is estimated to spur the development of the market in the coming period. The state of technological development is estimated to be staggered as the development of the global market is at a relative standstill. The regulations in various regions can be relied upon to rebuild market clout gradually in the future. The effect of unpredictable events has created substantial barriers that will have to suitably addressed and overcome to achieve normalcy in the global market. The establishment of a definite competitive advantage is estimated to spur market development in the forecast period. The inducements offered by the government are expected to display a positive influence on the overall market development in the impending period. The need to invest in building a robust consumer base is estimated to rank on the top priorities of market leaders for the upcoming period. The weakening of trade channels is projected to present new challenges that have to be overcome expediently in the coming years.

Key Players

The notable contenders in the Crane Market are Konecranes PLC (Finland), Sumitomo Heavy Industries Construction Crane Co., Ltd (Japan), Terex Corporation (USA), Liebherr Group (Switzerland), Manitex International Inc. (USA), Cargotec Oyj (Finland), The Manitowoc Company, Inc. (the USA), Shanghai Zhenhua Heavy Industry Co. Ltd. (China), Tadano Ltd. (Japan), and Xuzhou Construction Machinery Group Co., Ltd. (China).

Industry Updates:

April 2020 Jaso has introduced a new huge tower crane, the J800.48, second in size only to the J1400 presented in April 2019. The model has the same low top design code as the superior model and is intended for loads requiring a capability of between 18 and 21 tonnes at 40 meters with the highest boom length approximately 60 meters.

Table of Content

1 Executive Summary

1.1 MARKET ATTRACTIVENESS ANALYSIS 14

1.1.1 GLOBAL VERTICAL GARDEN CONSTRUCTION MARKET, BY TYPE 14

1.1.2 GLOBAL VERTICAL GARDEN CONSTRUCTION MARKET, BY APPLICATION 15

1.1.3 GLOBAL VERTICAL GARDEN CONSTRUCTION MARKET, BY REGION 16

2 Market Introduction

2.1 DEFINITION 17

2.2 SCOPE OF THE STUDY 17

2.3 MARKET STRUCTURE 17

2.4 KEY BUYING CRITERIA 18

3 Research Methodology

3.1 RESEARCH PROCESS 19

3.2 PRIMARY RESEARCH 20

3.3 SECONDARY RESEARCH 21

3.4 MARKET SIZE ESTIMATION 21

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 22

3.6 FORECAST MODEL 23

3.7 LIST OF ASSUMPTIONS 24

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION 27

5.2 DRIVERS 27

5.2.1 GROWING DEMAND FOR VERTICAL GARDENS 27

5.2.2 GROWING DEMAND FOR GREEN BUILDINGS 29

5.2.3 DRIVERS IMPACT ANALYSIS 30

5.3 OPPORTUNITY 30

5.3.1 SCOPE FOR GROWTH IN EMERGING ECONOMIES 30

5.4 CHALLENGE 31

5.4.1 NEED FOR PROPER MAINTENANCE 31

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