Despite the construction industry’s average performance in 2016, forecasts for 2017 performance remain positive. In the coming years of the month, positive growth in the associated industries is expected. An annual growth rate of between 5 and 10% is expected for the global construction industry this year. The construction industry is a major end user of cranes, so their performance has had a notable impact on the growth of the crane market. While the current uncertainty in the global construction market could impact demand for cranes for construction applications, the robust growth of the automotive industry and steady growth in mining sales should fuel the growth of the global crane market. For the global crane market, remarkable growth is expected in the developing parts of the Asia-Pacific region, while moderate growth is expected in the Americas, Europe and the Middle East. Small equipment, affordable price, reliability and improved productivity will continue to be a central concern in the global crane market. The global crane market includes a wide variety of products that meet different needs, including wheel cranes, crawler cranes, jib cranes, tensioning cranes, railroad cranes and flying cranes. These cranes are further divided into telescopic, hydraulic, articulated, etc.

For example, visit >> https://www.futuremarketinsights.com/reports/sample/rep-gb-2922

Global crane market: market dynamics

The continued demand for building smart cities in different regions and for various mega-structures, especially in developing countries, will increase the demand for cranes. Increasing investment by governments and private sector companies in infrastructure development projects is the main driver of the growth of the global crane market. Within these infrastructure projects, road construction, urban infrastructure, irrigation and mining are the most important demand drivers for the future. Infrastructure investments can be broken down into investments in roads, ports, airports, railways, pipelines, irrigation, waterways, and urban infrastructure. In addition, the increasing demand for high capacity hoists is increasing the demand for some specialty products such as mobile cranes.

The increasing focus of customers on sourcing used cranes to avoid costly new equipment is a critical factor that can hamper market growth. Some of the major trends in the market are the shift of focus to compact and remote controlled cranes and the shift of the consumer to cranes that ensure operator comfort and safety.

Global crane market: market segmentation

Based on the product type, the crane market can be divided into the following areas:

  • Mobile cranes
    • Truck cranes
    • All rough terrain cranes
    • Crawler cranes
    • Side arm
    • Straddle crane
    • Air cranes
    • Floating crane
    • Railway crane
  • Fixed cranes
    • Tower cranes
    • Overhead traveling cranes
    • Level luffing cranes
    • Underground cranes
    • Stiff-legged derrick
  • Sea cranes
    • Harbor cranes
    • Ship cranes
    • Other

If you have any questions about the report, reach out to an analyst >> https://www.futuremarketinsights.com/ask-question/rep-gb-2922

Based on the type of offer, the crane market can be divided into the following areas:

  • Construction industry
  • Mining industry
  • Oil and gas industry
  • Shipping & port construction
  • automobile
  • Other

Global crane market: regional prospects

Due to the increasing construction activity in the region, it is expected that the Asia-Pacific region will dominate the volume demand for cranes in the forecast period. China and India are expected to be the largest contributors to total sales in the Asia Pacific region. Europe and Japan are expected to be the next big market for cranes. Western Europe is largely responsible for the demand for cranes in Europe, and Eastern Europe holds a nominal market share in Europe. The Asia-Pacific region, Europe and Japan are followed by North America, a mature market for cranes. The market is expected to grow steadily versus robust growth in developing regions such as the Asia-Pacific region. Moderate to steady growth in annual crane sales is expected for the Middle East and Africa. The GCC countries will continue to be a major contributor to the growth of the market. The long-term outlook for the South African market remains positive.

Global crane market: market participants

Examples of some of the market players identified in the global crane market are:

  • Liebherr Group
  • Terex Corporation
  • Tadano Ltd.
  • Altech Industries
  • Zoomlion Heavy Industry Science and Technology Co., Ltd
  • XCMG Construction Machinery Co., Ltd.
  • Sany Heavy Industry Co., Ltd.
  • KATO WORKS CO., LTD.
  • Kobelco Construction Machinery Co., Ltd.
  • Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
  • FURUKAWA UNIC CORPORATION
  • Columbus McKinnon Corporation

Buy the report >> https://www.futuremarketinsights.com/checkout/2922

The research report offers a comprehensive assessment of the market and includes thoughtful insight, facts, historical data, as well as statistically-backed and industry-validated market data. It also contains projections using appropriate assumptions and methods. The research report provides analysis and information according to market segments such as regions, applications, and industries.

The report includes exhaust gas analyzes on the following topics:

  • Market segments
  • Market dynamics
  • Market size
  • Supply & demand
  • Current trends / problems / challenges
  • Competition & company involved
  • technology
  • Value chain

The regional analysis includes:

  • North America (USA, Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, Great Britain, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia and New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, South Africa, North Africa)

The report is a compilation of first-hand information, a qualitative and quantitative assessment by industry analysts, contributions from industry experts and industry participants along the value chain. The report provides an in-depth analysis of the trends in the parent market, macroeconomic indicators and the relevant factors, as well as market attractiveness by segment. The report also depicts the qualitative impact of various market factors on market segments and regions.

Highlights of the report:

  • Detailed overview of the parent market
  • Changed market dynamics in the industry
  • Incoming market segmentation
  • Historical, current and forecast market size in terms of volume and value
  • Current industry trends and developments
  • Competitive landscape
  • Strategies of the main actors and products offered
  • Potential and niche segments, geographic regions with promising growth
  • A neutral perspective on market performance
  • Information that market participants need to maintain and improve their market footprint

About FMI

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving customers in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the US and India. The latest market research reports and industry analysis from FMI help companies master challenges and make critical decisions in the breakneck competition with confidence and clarity. Our bespoke and syndicated market research reports provide actionable insights that drive sustainable growth. A team of experts, led by FMI, continuously tracks emerging trends and events in a variety of industries to ensure our customers prepare for the changing needs of their consumers.

Contact

Mr. Abhishek Budholiya

Unit No .: AU-01-H Gold Tower (AU), Lot No .: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For sales inquiries: sales@futuremarketinsights.com

For media inquiries: press@futuremarketinsights.com