Cranes Market Top Key Players – Manitowoc, Tadano, Kobelco, Cargotec, Kone Cranes, Liebherr, Palfinger , XCMG

The global cranes market size is estimated at $XX Billion in 2021 growing at XX% CAGR till 2026. Cranes Market are used to move all heavy objects horizontally, which are used to lift and lower heavy objects, and to carry types of materials that are beyond the capacity of a normal person increase.

In Asia, the CAGR of the crane market in India in 2020 is expected to be around 6% 2025. The Government of India is planning to step up construction and infrastructure projects in India and increase the demand for construction machinery. It is one of the main reasons to further drive the Indian crane market in the future.

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CRANES MARKET DYNAMICS

• Several key factors contributing to its growth are an increase in construction and maintenance activities and practices and an increase in investment in the global construction machinery mining sector.

• Imports of cranes are increasing due to an increase in construction activity in India. Population growth is one of the thriving factors contributing to the growth of the construction sector. The country's construction sector is projected to grow at twice the rate of China's by 2030, owing to the growing population.

• In 2018, Asia dominated the global cranes market. China is the largest player in the global cranes market, accounting for more than 50% of the market, followed by India. China was also the largest manufacturer of the crane market. Increasing government spending on infrastructure projects and construction in China and India has contributed to the overall growth of the cranes market.

RECENT DEVELOPMENT IN CRANES MARKET

• Manitowoc plans to launch the 60t capacity glove GMK3060L1 and 100t capacity glove GMK4100L2 front terrain crane at the GIS, Italy Lifting Show, offered with the Euromot 5 / Tier 4 final engine and featuring a 60m main boom. -August 2021

• Manitowoc has launched the best-in-class glove GHC110 telescope crawler crane, which offers 100% peak-and-carry capability on standard load charts and offers best-in-class lifting performance. The wireless remote control is versatile with an optional personnel basket. -July 2021

• Kalmar offers the next generation Kalmar RTG (Rubbertyred Gantry Crane), which offers five models with a stronger, lighter and simpler modular design and features to provide customers with a productive and eco-friendly container processing solution. Released Kalmar has also implemented a new standalone 5G network for this technology. Finnish Ability Center-June 2021

COMPETITIVE LANDSCAPE

• Some of the leading companies in the global cranes market are Manitowoc, Tadano, Kobelco, Cargotec, Kone Cranes, Liebherr, Palfinger and XCMG. This major manufacturer has successfully procured demand for reliable cranes from some of the leading companies in the construction, mining and infrastructure sectors.

• The company also offers safety and connectivity services and new products and services to provide operational safety measures in the workplace. They focus on highly efficient and effective product development to meet the needs of various application fields and industries. It also provides cost efficiency with safety guidelines to ensure competitive advantage and global market share.

COMPANIES PROFILED
• Manitowoc
• Tadano
• Kobelco
• Cargotec
• Kone Cranes
• Liebherr
• Palfinger
• XCMG

Read More Information: https://mobilityforesights.com/product/cranes-market/

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This release was published on openPR.