Cranes (Mobile & Fixed) Rental Market Share, Size, Value, Key Players and 2026 Forecast

Whipsmartmi.com offers "Global Cranes Rental Market 2021-2026" from its research database.

The Cranes Rental market is projected to grow at CAGR 2% during the forecast period 2021-2026.

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The preference for renting cranes rather than buying them, combined with increased investments in various end-use industries such as construction, transportation, and oil and gas, has resulted in the crane rental market growing.

Due to its widespread acceptance in various end-use industries such as construction and transportation, mobile cranes are expected to hold the largest share of the crane rental market. Mobile cranes are expected to grow in popularity in the crane rental market due to advantages such as mobility and less time spent installing and setting up than fixed cranes.

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The crane rental market is expected to be dominated by the low-weight lifting capacity segment. This increase can be attributed to an increase in miscellaneous activities for construction, repairs, and maintenance around the world, which is expected to propel the crane rental market forward. Furthermore, during the forecast period, the low weight lifting capacity segment is expected to grow at the fastest rate.

Building and construction, which includes commercial and residential buildings as well as infrastructure (bridges and tunnels), is the largest consumer of cranes in the crane rental market and is expected to grow rapidly over the forecast period. Increased infrastructure activities in various parts of the world, including China, India, and Ghana, among others, are credited with this growth. Furthermore, increased investment in the public and private sectors from domestic and foreign investors around the world is expected to propel the cranes rental market forward over the forecast period.

Due to increased demand for cranes on a rental basis from China, Japan, India, Australia, and other countries, the Asia Pacific region is expected to lead the cranes rental market, which is expected to grow at a high rate during the forecast period. Furthermore, the Asia Pacific cranes rental market is expected to grow due to rising population levels and increased investments from both domestic and foreign investors.

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