The size of the North American crane rental market is certain to normalize and, consequently, to show an increase in sales. With the support of government guidelines and regulations for the safe use of cranes, several players in the industry have developed efficient and safe cranes.
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The crane rental market in North America has recently seen the arrival of novel and technologically advanced cranes. For example, the requirements of the Panama City Port Authority (PCPA) for high-performance cranes for handling containers, general cargo and general cargo in their port in Panama City in Florida, USA, were met by Konecranes.
These eco-efficient cranes, known as Konecranes Gottwald Model 6 Mobile Harbor Cranes, offer an optimal load capacity of up to almost 100 t with a working radius of 51 m. These new cranes will help PCPA realize the planned expansion of the total tonnage capacity. Technological advances in the form of innovative cranes have increased, creating lucrative opportunities for the North American crane rental industry to expand.
Since crane rental services provide an operator, it is possible to avoid delays, meet deadlines, and save money on staff training when carrying out projects. Additionally, the prospect of spending a large amount on maintenance can be daunting for construction companies. With crane rental services covering maintenance costs and thereby reducing budgets, several companies across the region have turned to crane rental services to help grow the North American crane rental market.
The U.S. crane rental industry is reported to see a significant surge in demand over the 2020-2026 period. Some of the main reasons for this are lower operating costs and greater flexibility. These advantages have led companies to rent cranes instead of owning them. Strict US government rules and regulations regarding cranes and other safety guidelines are also driving market growth.
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Some of the leading companies in the crane rental industry in North America are Deep South Crane and Rigging, Maxim Crane Works, Mammoet Holdings, All Erection Crane Rental, Sarens NV, and many others.
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Table of contents (ToC) of the report:
Chapter 2 Crane Rental Trends
2.1 Industry coverage
2.2 Industry size, 2016-2026
2.3 Effects of the COVID-19 pandemic
2.4 Value chain analysis
2.4.1 Company product snapshot
2.5 Innovation landscape
2.6 Regulatory Standards and Guidelines
2.7 Driver & restraint systems
2.7.1 Market drivers
2.7.2 Market Restrictions
2.8 Industry analysis – Porter
2.9 Competitive benchmarking, 2019
2.9.1 Strategy dashboard
2.10 Pest analysis
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