Dublin, June 11, 2021 (GLOBE NEWSWIRE) — The “Crane and Hoist Market by Type (Mobile Cranes, Fixed Cranes), Operations (Hydraulic, Electric, Hybrid), Industry (Construction, Shipping & Material Handling, Automotive & Railway, Mining, Aerospace & Defense, Energy & Power) – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The crane and hoist market size is expected to grow from USD 26.0 billion in 2021 to USD 33.0 billion by 2026; it is expected to grow at a CAGR of 4.8% from 2021 to 2026. The key factors driving the growth of the crane and hoist market are significant demand from the construction industry, expanding mining industry, increased use in the shipping industry.
The market for mobile cranes to account for a larger market share during the forecast period
The mobile cranes’ segment is expected to continue to hold a larger market size during the forecast period. The growth of the mobile crane segment of the crane and hoist market can be attributed to their features such as high mobility, high traveling speed, and the requirement of less time to set them up on construction sites. The use of mobile cranes in the mining, construction, aerospace, shipping & material handling industries has gained popularity, where lifting and lowering activities require extensive displacements of objects, materials, or equipment.
The market for the hydraulic operation to account for a larger market share during the forecast period
The hydraulic operation segment is expected to continue to hold a larger market size during the forecast period. The use of hydraulic technology ensures efficient use of energy and reduces the need for power. Hydraulic cranes are widely used for hoisting and moving heavy materials in warehouses and industrial workshops. Moreover, hydraulic cranes are used in the transport, manufacturing, and construction industries. The retraction length of hydraulic cylinders is 20-40% of the fully extended length. Therefore, telescopic hydraulic cylinders are ideal for limited mounting space, and a long stroke is required. The use of hydraulic cranes is increasing owing to the space constraint in different industries, such as construction and shipping & material handling, and assembly lines. The COVID-19 pandemic has affected the growth of the overall crane market, which has consequently hampered the growth of the hydraulic-operated crane market.
Construction industry to hold the largest size during the forecast period
The construction industry is expected to hold the largest market size during the forecast period. The construction industry has undergone substantial changes in recent years because of the global recession, which has led to the downsizing of the industry in developed markets. However, the investments regarding construction in most emerging markets have continued to grow at a moderate rate despite the global crisis. Earth-moving equipment is mainly used for construction works such as digging the earth, lifting, loading and unloading weight, and leveling. Applications of cranes in earth-moving equipment include heavy loading, high cycle rating, and accurate movement.
The COVID-19 pandemic has affected the global construction industry by delayed projects and decreased investments in the infrastructure sector. With the development of vaccination against COVID-19, the real estate and infrastructure projects across the globe are expected to slowly gain pace and lead to the growth of the construction industry. China has already launched the “New Infrastructure” campaign to offset the economic impact of the COVID-19 pandemic. These factors are expected to result in a high growth rate of the crane market for the construction industry.
APAC is expected to capture the largest market size during the forecast period
The APAC region is expected to hold the largest share of the crane and hoist market during the forecast period. The Asia Pacific is the most rapidly growing market and offers high opportunities for the construction industry, which is driven by the growing population. Construction and material handling industries have boomed rapidly and consequently have driven the market for cranes in India, China, and Australia. The growing awareness related to automation and the increasing emphasis of leading economies such as China and Japan on construction and material handling industries are some of the primary factors contributing to the largest market share of APAC. Besides, the rapid growth of the automotive, construction, and aerospace & defense industries in emerging economies, such as China and India, is also supporting the growth of the crane market in APAC
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Crane Market
4.2 Crane Market, by Type
4.3 Crane Market, by Operation
4.4 Crane Market, by Industry and Region
4.5 Crane Market, by Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Significant Demand from Construction Industry
5.2.1.2 Expanding Mining Industry
5.2.1.3 Increased Use in Shipping Industry
5.2.2 Restraints
5.2.2.1 Disruption in Supply Chain due to COVID-19
5.2.2.2 High Cost of Manufacturing and Maintenance
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Material Handling Equipment in Aerospace & Defense Industry
5.2.3.2 Large Intralogistics Center in South-East Asia
5.2.3.3 Inclusion of Smart Technologies in Cranes
5.2.4 Challenges
5.2.4.1 Fluctuating Oil & Gas Prices
5.2.4.2 Unavailability of Skilled Workforce to Handle Crane Operations due to COVID-19
5.3 Value Chain Analysis
5.4 Ecosystem
5.5 Yc-Ycc Shift: Crane and Hoist Market
5.6 Porter’s Five Forces Analysis
5.7 Case Study
5.8 Technology Analysis
5.9 Pricing Analysis
5.10 Trade Analysis
5.11 Patent Analysis
5.12 Regulatory Landscape
6 Crane Market, by Type
6.1 Introduction
6.2 Mobile Cranes
6.2.1 Mobile Cranes Market to Account for Larger Share During Forecast Period
6.2.2 Boom Type
6.2.2.1 Lattice Boom Type
6.2.2.2 Telescopic Boom Type
6.2.3 Crawler Cranes
6.2.4 Rough Terrain Cranes
6.2.5 All-Terrain Cranes
6.2.6 Truck Loader Cranes
6.2.7 Mobile Harbor Cranes
6.2.8 Automatic Stacking Cranes
6.3 Fixed Cranes
6.3.1 Fixed Cranes Market to Witness High Growth Rate in Shipping & Material Handling Industry
6.3.2 Industrial Cranes
6.3.3 Tower Cranes
6.3.4 Ship-To-Shore Cranes
7 Crane Market, by Operation
7.1 Introduction
7.2 Hydraulic
7.2.1 Hydraulic Operation Segment to Hold Largest Market Share During Forecast Period
7.3 Electric
7.3.1 Growing Use of Electric Operation in a Crane for Low Lifting Capacity to Fuel Market Growth
7.4 Hybrid
7.4.1 Hybrid Operation Segment to Grow at Highest Rate During Forecast Period
8 Mobile Crane Market in North America, by Lifting Capacity
9 Hoist Market
9.1 By Type
9.1.1 Wire Rope Type to Hold Largest Share of Hoist Market During Forecast Period
9.1.2 Welded Link Load Chain
9.1.3 Wire Rope
9.1.4 Roller Load Chain
9.1.5 Others
9.2 By Operation
9.2.1 Electric Operation Segment to Hold Largest Market Share During Forecast Period
9.2.2 Pneumatic
9.2.3 Electric
9.2.4 Hydraulic
9.3 By Industry
9.3.1 Shipping & Material Handling Industry to Hold Largest Share of Hoist Market During Forecast Period
9.4 By Region
9.4.1 APAC Region to Hold the Largest Market Share in Forecast Period
10 Crane Market, by Industry
11 Crane Market, by Region
12 Competitive Landscape
12.1 Introduction
12.1.1 Top 5 Company Revenue Analysis
12.2 Market Share Analysis of Players, 2020
12.3 Competitive Evaluation Quadrant
12.3.1 Star
12.3.2 Emerging Leader
12.3.3 Pervasive
12.3.4 Participant
12.4 Startup/SME Evaluation Quadrant
12.4.1 Progressive Company
12.4.2 Responsive Company
12.4.3 Dynamic Company
12.4.4 Starting Block
12.5 Competitive Situations and Trends
12.5.1 Product Launches
12.5.2 Deals
12.5.3 Others
13 Company Profiles
13.1 Key Players
13.1.1 Konecranes
13.1.1.1 Business Overview
13.1.1.2 Products Offered
13.1.1.3 Recent Developments
13.1.1.3.1 Product Launches and Developments
13.1.1.3.2 Deals
13.1.1.3.1 Others
13.1.1.4 Analyst’s View
13.1.1.4.1 Key Strengths/Right to Win
13.1.1.4.2 Strategic Choices Made
13.1.1.4.3 Weaknesses & Competitive Threats
13.1.2 Liebherr
13.1.2.1 Business Overview
13.1.2.2 Products Offered
13.1.2.3 Recent Developments
13.1.2.3.1 Product Launches and Developments
13.1.2.3.2 Others
13.1.2.4 Analyst’s View
13.1.2.4.1 Key Strengths/Right to Win
13.1.2.4.2 Strategic Choices Made
13.1.2.4.3 Weaknesses & Competitive Threats
13.1.3 Tadano
13.1.3.1 Business Overview
13.1.3.2 Products Offered
13.1.3.3 Recent Developments
13.1.3.3.1 Product Launches and Developments
13.1.3.3.2 Deals
13.1.3.3.3 Others
13.1.3.4 Analyst’s View
13.1.3.4.1 Key Strengths/Right to Win
13.1.3.4.2 Strategic Choices Made
13.1.3.4.3 Weaknesses & Competitive Threats
13.1.4 Terex
13.1.4.1 Business Overview
13.1.4.2 Products Offered
13.1.4.3 Recent Developments
13.1.4.3.1 Deals
13.1.4.3.2 Others
13.1.4.4 Analyst’s View
13.1.4.4.1 Key Strengths/Right to Win
13.1.4.4.2 Strategic Choices Made
13.1.4.4.3 Weaknesses & Competitive Threats
13.1.5 Zoomlion
13.1.5.1 Business Overview
13.1.5.2 Products Offered
13.1.5.3 Recent Developments
13.1.5.3.1 Others
13.1.5.4 Analyst’s View
13.1.5.4.1 Key Strengths/Right to Win
13.1.5.4.2 Strategic Choices Made
13.1.5.4.3 Weaknesses and Competitive Threats
13.1.6 Ingersoll Rand
13.1.6.1 Business Overview
13.1.6.2 Products Offered
13.1.6.3 Recent Developments
13.1.6.3.1 Deals
13.1.7 Palfinger
13.1.7.1 Business Overview
13.1.7.2 Products Offered
13.1.7.3 Recent Developments
13.1.7.3.1 Product Launches and Developments
13.1.7.3.2 Others
13.1.8 Columbus Mckinnon
13.1.8.1 Business Overview
13.1.8.2 Products Offered
13.1.8.3 Recent Developments
13.1.8.3.1 Product Launches and Developments
13.1.8.3.2 Deals
13.1.8.3.3 Others
13.1.9 Kito
13.1.9.1 Business Overview
13.1.9.2 Products Offered
13.1.9.3 Recent Developments
13.1.9.3.1 Product Launches and Developments
13.1.9.3.2 Deals
13.1.10 Kobelco
13.1.10.1 Business Overview
13.1.10.2 Products Offered
13.1.10.3 Recent Developments
13.1.10.3.1 Others
13.1.11 Sumitomo Heavy Industries
13.1.11.1 Business Overview
13.1.11.2 Products Offered
13.1.12 Abus Kransysteme
13.1.12.1 Business Overview
13.1.12.2 Products Offered
13.2 Other Key Players
13.2.1 Xcmg
13.2.2 Mammoet
13.2.3 Kato Works
13.2.4 Altec Industries
13.2.5 Verlinde
13.2.6 Shanghai Yiying Crane Machinery
13.2.7 Nucleon Crane Group
13.2.8 Cheng Day Machinery Works
13.2.9 Liugong Machinery
13.2.10 Load King
13.2.11 Elliot Equipment
13.2.12 QMC Building Cranes
13.2.13 Broderson Manufacturing
13.2.14 Shanghai Zhenhua Heavy Industries Company (Zpmc)
14 Adjacent & Related Market
15 Appendix
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