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Offshore Crane Market Regional Trends & Growth Forecast to 2025 | Liebherr Group, Konecranes PLC, Palfinger AG, National Oilwell Varco, Zoomlion, Huisman, Cargotec
Global Market Insights add Offshore Crane Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The Asia Pacific offshore crane market is witnessing a high growth due to recent discoveries of oil & gas in offshore basins in Australia. Moreover, China and India are posing high demand due to the increased energy need in these countries. The North American region is expected to grow owing to the high adoption for offshore wind farms constructions. For instance, the American Wind Energy Association (AWEA) has implemented offshore windfarms producing 2,000 GW of energy. The systems are utilized in the installation and maintenance of these structures, further supporting the market.
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In the offshore crane market, knuckle boom design type models are gaining high traction owing to their internal and external lifts functions. These machines are used in adverse weather conditions due to their stability feature. Such features provide better operability and reduce the workload on operators further leading to the growth of the market.
Additionally, these machines provide increased maneuverability, reaching inaccessible points on the vessel. These systems are designed to transfer loads at close distances and are implemented on ships and the motions create complex load handling issues. The increasing personnel safety concerns on the deck or vessel are leading to the high adoption of these machines, thus expanding the market.
The key players operating in the offshore crane market share are Terex Corporation, Liebherr Group, Konecranes PLC, Palfinger AG, National Oilwell Varco, Zoomlion, Huisman, Cargotec, and Kenz Figee. These players are focusing on strategic activities, such as merger & acquisition activities and partnerships, to gain a high revenue and an extended reach across the globe.
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The offshore crane market players are highly investing in R&D to develop innovative and fuel-efficient products to strengthen the product portfolio and gain a competitive advantage. For instance, in January 2019, Liebherr announced the launch of its new knuckle boom crane series, which is characterized by a very compact design. In April 2019, Cargotec announced the construction of FiberTrac, the first fiber-rope offshore crane. This FiberTrac crane has 150 ton safe working load capacity and an advanced rope monitoring & management systems, which will maximize the rope’s lifespan.
Related News: https://marketersmedia.com/offshore-crane-market-statistics-report-2019-growth-forecast-to-2025/88932063
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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