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Crane Market Driven By iebherr Group, Manitowoc, Tadano, Terex, Xuzhou Construction Machinery Group (XCMG), Zoomlion, Sany, KobelcoCrane, HitachiSumitomo, Furukaw

02-01-2019 01:59 PM CET | Industry, Real Estate & Construction

Press release from: Coherent Market Insights

Crane

Crane

Increasing number of construction activities has led to rising demand for cranes globally, in turn driving growth of the crane market. According to the Chartered Institute of Building, the construction industry is estimated to account for 14.7% of the global GDP by 2030. Moreover, by 2030, the global construction market is projected to reach US$ 17.5 trillion from US$ 8 trillion in 2015. Demand for construction is increasing due to significant rise in urbanization. According to the United Nations Organization, 54.5% of the world population lives in urban cities in 2016 and is projected to reach around 60% by 2030. This is expected to lead to increasing construction activities to provide better facilities, housing and others. Therefore, this is expected to aid in growth of the market.

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Mobile crane segment is projected to exhibit the highest CAGR in the forecast period. Rapid growth of the power distribution sector become one of the major driving factor for growth of mobile crane market. This is attributed to use of mobile cranes during maintenance and construction activities in power distribution. Increasing government initiative in emerging economies to provide electricity in villages plays a major role for increasing demand for cranes in power distribution sector for construction purpose. For instance, according to Indian Brand Equity Fund, till March 2018, total 17,164 villages have been electrified out of 18,452 un-electrified villages. This is expected to in turn aid in growth of the market over the forecast period.

Key players operating in the global crane market include Liebherr Group, Manitowoc, Tadano, Terex, Xuzhou Construction Machinery Group (XCMG), Zoomlion, Sany, KobelcoCrane, HitachiSumitomo, Furukaw, and Konecrane.

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Table Of Content

Global Crane Market Research Report

1 Crane Market Overview

2 Global Crane Market Competition by Manufacturers

3 Global Crane Capacity, Production, Revenue (Value) by Region (2018-2026)

4 Global Crane Supply (Production), Consumption, Export, Import by Region (2018-2026)

5 Global Crane Production, Revenue (Value), Price Trend by Type

6 Global Crane Market Analysis by Application

7 Global Crane Manufacturers Profiles/Analysis

8 Crane Manufacturing Cost Analysis

9 Industrial Chain, Sourcing Strategy and Downstream Buyers

10 Marketing Strategy Analysis, Distributors/Traders

11 Market Effect Factors Analysis

12 Global Crane Market Forecast (2018-2026)

13 Research Findings and Conclusion

14 Appendix

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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