DUBLIN, July 21, 2021 / PRNewswire / – Global Crane Market (By Type, Application, and Region): Insights and Forecasts of Potential Impact from COVID-19 (2021-2025) report has been added to ResearchAndMarkets.com’s offering.
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The global crane market is expected to be worth $ 41.39 billion in 2025, with a CAGR of 5.24% over 2021-2025.
Factors such as increasing investments in construction and infrastructure, increasing demand in the metallurgical industry, increasing preference for rental services, boom in the e-commerce sector, rapid expansion of the aerospace industry and increasing urbanization would drive the growth of the market.
However, market growth would be hampered by high investment costs and a lack of skilled workers. Some notable trends may include the rise in mining activities, the rapid growth of the automotive industry, an upswing in maritime activities, and increasing applications in power generation.
The global crane market is categorized by type and application. Depending on the type, the market can be divided into mobile cranes, marine & harbor cranes and fixed cranes. The global crane market can be further divided into construction, industrial use, mining and excavation, oil and gas, and other uses in terms of application.
The fastest growing regional market was Asia Pacific which is likely to dominate the market in the future due to the growing construction activity in emerging countries such as China, India, and the Phillipines, Expansion of the manufacturing industry in the region, development and expansion of existing networks and increasing investments in energy transmission and distribution networks (T&D).
In addition, disruptions in the supply chain of raw materials and halted construction and manufacturing activities around the world caused by the COVID-19 pandemic led to a decline in the demand for cranes in various end-use industries, which ultimately had a negative impact on market growth worldwide .
The story goes on
Scope of the report:
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The report provides a comprehensive analysis of the global Cranes Market segmented by type, application, and region with potential impact from COVID-19.
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The main regional markets Asia Pacific, North America, Europe and Rest of the World (RoW) were analyzed.
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The market dynamics such as growth drivers, market trends and challenges are analyzed in detail.
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The competitive landscape of the market as well as the company profiles of leading players (Zoomlion Heavy Industry Science and Technology Co., Ltd., Cargotec Corporation, Konecranes PLC, Terex Corporation, Palfinger AG and The Manitowoc Company, Inc.) are also presented in detail.
Key topics covered:
1. Market overview
2. Effects of COVID-19
2.1 Decline in construction activity
2.2 Reduction in sea trade
2.3 Decline in aircraft deliveries
2.4 Reduced copper production
3. Global market analysis
3.1 Global Crane Market by Value
3.2 Global Cranes Market Forecast by Value
3.3 Global Crane Market by Type
3.3.1 Global Mobile Crane Market by Value
3.3.2 Global Mobile Cranes Market Forecast by Value
3.3.3 Global Mobile Crane Market By Type
3.3.4 Global Rough Terrain Mobile Cranes Market Forecast by Value
3.3.5 Global Rough Terrain Mobile Cranes Market Forecast by Value
3.3.6 Global Crawler Mobile Crane Market Forecast by Value
3.3.7 Global Truck Mounted Mobile Cranes Market Forecast by Value
3.3.8 Global Mobile Crane Market by Application
3.3.9 Global Mobile Construction Cranes Market Forecast by Value
3.3.10 Global Industrial Mobile Cranes Market Forecast by Value
3.3.11 Global Mobile Cranes Market Forecast by Value
3.3.12 Global Ship and Harbor Cranes Market by Value
3.3.13 Global Ship and Harbor Cranes Market Forecast by Value
3.3.14 Global Fixed Cranes Market by Value by
3.3.15 Global Stationary Cranes Market Forecast by Value
3.4 Global Crane Market by Application
3.4.1 Global Construction Crane Market by Value
3.4.2 Global Construction Cranes Market Forecast by Value
3.4.3 Global Industrial Cranes Market by Value
3.4.4 Global Industrial Cranes Market Forecast by Value
3.4.5 Global Mining and Excavating Cranes Market by Value
3.4.6 Global Mining and Excavating Cranes Market Forecast by Value
3.4.7 Global Oil and Gas Cranes Market by Value
3.4.8 Global Oil & Gas Cranes Market Forecast By Value
3.5 Global Crane Market by Region
4. Regional market analysis
4.1 Asia Pacific
4.1.1 Asia Pacific Cranes Market by Value
4.1.2 Asia Pacific Cranes Market Forecast By Value
4.2 North America
4.2.1 North America crane market by value
4.2.2 North American Cranes Market Forecast by Value
4.3 Europe
4.3.1 European crane market by value
4.3.2 European crane market forecast by value
4.4 row
4.4.1 RoW crane market by value
4.4.2 Market forecast for RoW cranes by value
5. Market dynamics
5.1 Growth drivers
5.1.1 Increase in investments in construction & infrastructure
5.1.2 Increasing demand in the metallurgical industry
5.1.3 Escalating Preference for Rental Services
5.1.4 Boom in the e-commerce sector
5.1.5 Rapid expansion of the aerospace industry
5.1.6 Expansion of urbanization
5.2 Important trends and developments
5.2.1 Increasing mining activities
5.2.2 Rapid growth in the automotive industry
5.2.3 Boom in maritime activities
5.2.4 Accelerating demand from oil refineries
5.2.5 Increasing applications in power generation
5.3 Challenges
5.3.1 High investment costs
5.3.2 Shortage of skilled workers
6. Competitive landscape
6.1 Global market
6.1.1 Sales comparison of the main players
6.1.2 Comparison of the market capitalization of the main players
6.1.3 R&D comparison of the main actors
6.2 Asia-Pacific Market
6.2.1 Market share of cranes in China of key players
7. Company profiles
7.1 Zoomlion Heavy Industry Science and Technology Co., Ltd.
7.1.1 Business overview
7.1.2 Financial overview
7.1.3 Business Strategies
7.2 Cargotec Corporation
7.2.1 Business overview
7.2.2 Financial overview
7.2.3 Business Strategies
7.3 Konecranes PLC
7.3.1 Business overview
7.3.2 Financial overview
7.3.3 Business Strategies
7.4 Terex Corporation
7.4.1 Business overview
7.4.2 Financial overview
7.4.3 Business Strategies
7.5 Palfinger AG
7.5.1 Business overview
7.5.2 Financial overview
7.5.3 Business Strategies
7.6 The Manitowoc Company, Inc.
7.6.1 Business overview
7.6.2 Financial overview
7.6.3 Business Strategies
Please visit https://www.researchandmarkets.com/r/slx7zy for more information on this report
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