Hydraulic Marine Cranes Market to Undertake Strapping Growth

Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50-150 Tm, and Above 150 Tm), and Boom Length (Below 10 Meters, 10-20 Meters, and Above 20 Meters)
Development of Large Number of Ports to Provide Growth Opportunities for Hydraulic Marine Cranes Market

According to our latest market study on "Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Design, Capacity, and Boom Length," the global hydraulic marine cranes market is expected to grow from US$ 3,781.55 million in 2021 to US$ 5,850.88 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

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The hydraulic marine cranes market is segmented into design, capacity, boom length, and geography. Based on design, the market is further segmented into knuckle boom, telescopic boom, stiff boom, and foldable boom. In 2021, the foldable boom segment accounted for a significant share in the global hydraulic marine cranes market. In terms of capacity, the market is categorized into below 50 Tm, 50-150 Tm, and above 150 Tm. In 2021, the 50-150 Tm segment accounted for a significant share in the global hydraulic marine cranes market. Based on boom length, the market is further segmented into below 10 meters, 10- 20 meters, and above 20 meters. In 2021, the below 10 meters segment accounted for a significant share in the global hydraulic marine cranes market.
Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America (SAM). In 2021, Europe accounted for a significant share in the global hydraulic marine cranes market.

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The report segments the global hydraulic marine cranes market as follows:
By Design
• Knuckle Boom
• Telescopic Boom
• Stiff Boom
• Foldable Boom
By Capacity
• Below 50 Tm
• 50-150 Tm
• Above 150 Tm
By Boom Length
• Below 10 Meters
• 10-20 Meters
• Above 20 Meters

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Amco Veba Marine; DMW Marine Group, LLC; Fassi Gru S.p.A.; Fred Wahl Marine Construction, Inc.; HEILA Cranes S.p.a.; HIAB; HS.MARINE S.r.l.; INDUSTRIAS GUERRA, SA; Kenz Figee; Puma Cranes; HYVA; TMS; MELCAL S.p.A.; Palfinger AG; and MKG Maschinen & Kranvertrieb GmbH are among the major companies operating in the hydraulic marine cranes market.

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