[PDF] What are some challenges of the Global Crane Market ?

Global Crane Market 2021

Cranes are machines used to lift, lower, and move heavy loads or to move from one place to another, especially for transportation or construction purposes. Increasing government investment in the development of a smart city is one of the reasons for the increasing demand for cranes. For example, according to the Indian government, the Union Budget for 2018-19, the government has selected 99 cities under the smart city program and will provide a $ 3.1billion fund to develop these cities. In addition, increasing production in the mines has increased the demand for crane globally. For example, according to the global mining conference, global mining production was 16.9 billion tons in 2016 increased from 15.8 billion metric tons in 2010.

The decline in the number of construction projects has led to an increase in the demand for cranes worldwide, and this has increased the growth of the crane market. According to the Chartered Institute of Building, the construction industry is estimated to account for 14.7% of global GDP by 2030. In addition, by 2030, the global construction market is expected to reach US $ 17.5 trillion from US $ 8 trillion in 2015. Demand for construction is growing due to the rapid increase in urban migration. According to the United Nations Organization, 54.5% of the world’s population lives in urban areas by 2016 and is expected to reach about 60% by 2030. This is expected to lead to an increase in construction activities to provide better services, housing and more. Therefore, this is expected to contribute to market growth.

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Major players working in the global Global Crane Market include : Liebherr Group, Manitowoc, Tadano, Terex, Xuzhou Construction Machinery Group (XCMG), Zoomlion, Sany, KobelcoCrane, HitachiSumitomo, Furukaw, Konecrane, Manitowoc Cranes, TIL Limited.

Key Points for Geographical Analysis:

Details and data related to usage level in each region
Moderate increase in consumption rate
Expected growth rate of regional markets
Forward growth of market share in each region
Geographical contribution to market capitalization
The report answers questions such as:

1. What is the market size and forecast of the Global Global Crane Market?
2. What factors hinder the impact of COVID-19 in shaping the Global Global Crane Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global Global Crane Market?
4. What is the competitive window for opportunities in the Global Global Crane Market?
5. What are the technical and regulatory trends in the Global Global Crane Market?
6. What is the market share of the leading retailers in the Global Global Crane Market?
7. What methods and strategies are considered appropriate to enter the Global Global Crane Market?

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