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Global Crane Market Report Forecasts Predicts Worth 6.08% of CAGR Growth by 2025  Join our daily free Newsletter

MENAFN Press - 12/08/2017
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The report Global Crane Market Forecast 2017 2025 Research published at ReportsnReports has deep analysis of the key company players in the crane market on global regions like America, Europe, Asia Pacific and more regional aspects.

The ' report provides with detailed information about the parameters like market trends, key corporate players, geographical analysis, and industry insights with prospects.

Key Findings for Crane Market

The global cranes market is poised to grow 6.08% of CAGRduring the forecast period of 2017 to 2025. Various reasons for the growth of the cranes market are higher demand from construction and infrastructure industry, the growth of economies in developing nations, construction of smart cities and mega cities and technological innovations which have resulted in lighter and more energy efficient cranes. Cranes are used to lift and lower material and also to move them horizontally.

It is used for lifting heavy things and transporting them. Most commonly it is used in construction and infrastructure. Continuous technological advancement in this sector has led to the creation of more adaptable, intelligent and modular cranes. There is a higher demand for energy efficient, lighter and compact cranes. They are widely used in the marine sector, mining, and excavation.

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Market Insights for Crane

Cranes market is segmented on the basis of geography, type, and end user. On the basis of the type, it can be segmented into mobile cranes, fixed cranes and marine and port cranes. Marine port cranes are further classified into the mobile harbor, gantry, offshore and ship cranes. Fixed cranes are segmented into monorail and underhung cranes, overhead track-mounted cranes, tower cranes and stiff-leg derrick. Mobile cranes are classified into wheeled mounted mobile cranes, commercial truck-mounted cranes, crawler cranes, side boom, straddle cranes, railroad cranes, aerial cranes and others. End user market segmented into cranes can be construction, infrastructure, shipyards, automotive, excavation and mining and others. Market drivers for cranes are the growth of economies in developing nation, rejuvenation of construction industry in developed nations with improving fiscal scenario, rapid urbanization, development of megacities and smart cities and technological advancements which have led to the creation of energy efficient, compact and lighter cranes.

Detailed TOC and Charts & Tables of Crane Market Research Report Available @

Regional Insights Crane Market

Market regions that are covered in the report are North America, Europe, Asia-Pacific, and RoW. North America follows the Asia-Pacific region, followed by Europe. It is expected that the growth rate will decrease in these regions in the forecast period due to slowerconstruction rate and hence lower demand for cranes.

The Asia-Pacific market is expected to report very good growth in the forecast period due to increasing demand for cranes and has the largest market share of the cranes market. Creation of megacities and smart cities, infrastructure renewal, globalization, and urbanization will all boost the market growth. The biggest market for cranes is #China and #India due to the construction industry and large infrastructure sector. Mobile cranes will have the largest market share in the coming year with the expected increase in construction activity.

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Competitive Insights for Crane Market

The major market players for cranes are Liebherr, Cargotec, Terex, XCMG, Zoomlion, Konecranes, Manitowoc, APMC, Tadano, and Sany. Established companies have a good hold on the cranes market due to the high cost of investment needed to enter and sustain in the market. Companies are forming alliances and are going for mergers and acquisitions to strengthen their market position. Organizations are investing in research and development to come up with novel and innovative products that will capture new market share.

Research Methodology for Crane Market

2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
For more information inquire here about the Crane Market report

Market Drivers for Crane Market
4.1.1. Construction Sector Picking Up Pace In Key Geographies
4.1.2. Continuous Technological Improvements
4.1.3. Fuel Efficiency Bringing Down Operational Cost
4.1.4. Investment In Energy Exploration Fueling Demand In North America
4.1.5. Multiple Areas of Application
4.1.6. Investment In Infrastructure Setting Pace For Growth
Market Restraints for Crane Market
4.2.1. Market Entry Barriers
4.2.2. Bureaucratic Issues and Financing Problems
4.2.3. Secondary Market For Used Cranes
4.2.4. Ecological Concerns Over Mining Has Slowed Down the Industry
4.2.5. Use of Substitute Equipment
4.2.6. Emission Regulations In Developed and Emerging Countries
4.3.1. Rental Market Offers Advantages
4.3.2. Use of Technology Saving Time and Money
4.3.3. Demand For Safer and High Capacity Mobile Cranes
4.3.4. Increasing Application In the Industrial Sector
4.3.5. More Structured Training For Crane Operators
4.3.6. Technological Development In Construction Machinery

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