European crane rental market size to exceed $ 6 billion by 2026 | North American market set to reach $ 5 billion by 2026 | Asia Pacific industry will see 6% CAGR over the planned term
Graphical Research provides an in-depth look at the Crane Rental market in terms of the determining factors influencing this division’s revenue chart. The current market trends associated with the geographic landscape, demand spectrum, compensation scale and growth chart of this industry have also been incorporated into this report.
Below are some key trends that would have a major impact on the expansion of the crane rental market through 2026:
Availability of inexpensive fixed crane rental plans in Europe
The crane rental industry in Europe is constantly expanding due to the availability of a wide range of technologically advanced cranes at affordable prices. The possibility of rental payment options, such as flexible monthly down payments for annual and monthly rents, increases competition in the tower crane market across Europe. In addition, the advantages of tower cranes, such as the ability to work at great heights and in tight spaces, are increasing the demand for smart city and urban development projects in the region.
Access the sample pages of the report “Europe Crane Rental Market Forecasts 2026” in detail along with the table of contents (ToC) @
Increasing acceptance of mobile rental cranes across Europe
With regard to the product, it is expected that mobile rental crane acceptance will increase across Europe in the coming years. This expected growth is due to the continuous expansion of the infrastructure and the considerable expansion of the region’s cement plants. The transportation and construction sectors are some of the key segments that are driving the increasing use of mobile cranes in numerous ongoing public and private infrastructure development projects.
Mobile cranes are used to unload and lift materials and allow those materials, as well as workers, to reach difficult and hard-to-reach places. The increasing demand for cranes in infrastructure development projects, as well as factors such as warehousing and rapid industrialization, will boost demand for rental mobile cranes in the region.
Expansion of the telecommunications sector across North America
The North American crane rental market is likely to see tremendous growth over the period under review. A major driver of market growth in the region is the continuous expansion of telecommunications facilities. Countries like Canada and the US are increasingly investing in building strong telecommunications infrastructure, which is creating significant demand for cranes and crane rental services.
Access sample pages from the North America Crane Rental Market Forecasts 2026 report along with the Table of Contents (ToC) @.
Favorable growing conditions in the USA
The US crane rental market is expected to grow strongly in the near future. This expected growth is due to the lower cost of ownership and the greater flexibility that crane rental offers, making it cheaper than owning a crane. Strict government regulations to introduce safety guidelines in cranes and improve the working environment would continue to contribute to market growth. Large companies like Haulotte are also focusing on expanding their presence in the US to continue to grow the crane rental market in the US
Rapid industrialization across Canada
The Canadian crane rental market is likely to see tremendous growth in the coming years due to rapid industrialization. The acceptance of cranes is expected to increase due to the wide range of applications for cranes, mainly in the oil and gas industry for smooth and safe operation. The construction and mining sectors in Canada are expected to stabilize over the estimated period, which would further stimulate demand for cranes and other construction equipment in the region. In addition, numerous efforts by the companies to expand their crane rental fleet will further complement the regional market growth.
Infrastructure development initiatives across APAC
Supporting initiatives by regional governments in the Asia-Pacific region to provide power, electricity and other utilities to rural and remote locations are creating new business growth opportunities for the crane rental market across APAC. Continuous maintenance and servicing of water, telecommunications and electrical systems requires cranes that can reach inaccessible and difficult places, creating an immense demand for crane rental services. The regional government has also invested heavily in the construction of transport networks and utilities, increasing the demand for cranes.
Growing acceptance of crawler cranes in the Asia-Pacific region
With regard to the product, high demand in the APAC market is expected in the crawler crane segment in the coming period. This expected growth is attributed to the ability of crawler cranes to operate competently in off-road conditions. Crawler cranes are typically used to remove debris, load cargo, build bridges, and demolish.
HSS Hire Service Group Plc, All Erection Crane Rental, Sanghvi Movers Limited, Deep South Crane and Rigging, Weldex (International) Offshore Ltd., Uchimiya Transportation and Engineering Co., Ltd., Al Jaber Heavy Lift, Prangl Gesellschaft MBH, Tiong Woon Corporation Holding Ltd., Mammoet Holdings, Liebherr-Mietpartner Gmbh, Sarilar Group, Sarens NV, Buckner Heavylift Cranes LLC, Lampson International LLC, Maxim Crane Works, AT Hong Holdings Ltd., Starlog Enterprises Limited and Mediaco Group are some of the most important ones Players in the crane rental market.
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COMTEX_390848438 / 2773 / 2021-08-03T07: 15: 15