Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Global Cranes, Lifting and Handling Equipment a- Market Opportunity and Environment, Analyses and Forecasts to 2016  Join our daily free Newsletter

MENAFN Press - 31/01/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN Press) The global cranes, lifting and handling equipment market valued US109.5 billion in 2011, of which the Asia-Pacific region constituted a 44.4% share, making it the largest regional market for cranes, lifting and handling equipment in the world.

In the same year, Europe and North America were the second and third-largest regional markets, with 37.7% and 10.1% shares respectively.

The market shares of the European and North American regions are expected to be 32.6% and 8.5% respectively in 2016, a decline from shares in 2011, while the Asia-Pacific region is forecast to increase its share to 50.9% in the same year.

In terms of growth, the global cranes, lifting and handling equipment market recorded a CAGR of 0.88% during the review period.

The key contributor to this marginal growth rate was the decline in yearly growth rate by 18.5% in 2009.

The global cranes, lifting and handling equipment market is expected to record a CAGR of 6.54% over the forecast period, in anticipation of the growing global construction industry and the improved performance of the global economy following the easing of the economic crisis in Europe.

Cranes and overhead lifting equipment was the largest category in the market. The category valued US28.7 billion in 2011, constituting a 26.2% share in the global market.

Regional Market

Asia-Pacific

The Asia-Pacific cranes, lifting and handling equipment market valued US48.6 billion in 2011, out of which China constituted the largest share with 53.5%.

It was followed by Japan, which constituted the second-largest share in the region with 22.6% and recorded a high CAGR of 11.27% during the review period, outperforming all other regional cranes, lifting and handling equipment markets.


Cranes and overhead lifting equipment, elevators and conveyors, and parts and accessories constituted a 71.9% share of the total market value in 2011.

Overall, the cranes, lifting and handling equipment market in the Asia-Pacific region is expected to record a CAGR of 9.51% over the forecast period.

Europe

The European cranes, lifting and handling equipment market valued US41.2 billion in 2011 and covered the markets of 26 European countries.

Germany constituted the largest share with 17.7%, followed by France, the UK, Italy and the Netherlands, with shares of 11.1%, 10.1%, 9.8% and 8.0% respectively.

All of the market categories are expected to grow together and are estimated to be in the CAGR range of 3“5% over the forecast period.

Cranes and overhead lifting equipment, parts and accessories, and lifting trucks will continue to be the largest categories, accounting for a forecast combined share of 72.5% in 2016.

North America

The North American cranes, lifting and handling equipment market valued US11.0 billion in 2011. The US was a key market with a 78.9% share in the same year.

The demand for cranes, lifting and handling equipment from the construction industry declined in the country, as a result of the recession, causing the total North American cranes, lifting and handling equipment market to record a CAGR of -8.03%.

Latin America

The Latin American cranes, lifting and handling equipment market valued US4.5 billion in 2011, with Brazil accounting for the largest share with 44.6%.

Mexico and Argentina followed with shares of 33.2% and 12.7% respectively.

If you are interested in purchasing this research, please click on the following link:

http://www.menafn.com/research/Research.asp?param=country&id=-1


About Global Cranes, Lifting and Handling Equipment
Global Cranes, Lifting and Handling EquipmentIf you are interested in purchasing this research, please click on the following link:http://www.menafn.com/research/Research.asp?param=country&id=-1

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help