Autonomous Cranes Market Latest Innovations, Drivers and Industry Key Events Over 2032

Growth in inclination toward high-end safety of construction and industrial workers and growing penetration of smart technologies, such as AI, in the field of equipment are the crucial factors for the global autonomous cranes market. Moreover, the building & construction segment is anticipated to create lucrative growth opportunities for the autonomous cranes market, owing to growing adoption of high-end technology at the construction sites and increasing concern toward workplace safety. Increasing development activities of smart port enabled with autonomous cranes are expected to create a significant opportunity in the global market.

According to a recent report published by Allied Market Research, titled, "Autonomous Cranes Market By Business Type, Mobility, and End User Vertical: Global Opportunity Analysis And Industry Forecast, 2023-2032"

The global autonomous crane market is expected to be valued at $2.37 billion in 2022, and is projected to reach $18.62 billion by 2032, registering a CAGR of 22.8%. North America is projected to be the highest revenue contributor, accounting for $1.21 billion in 2022, and is estimated to reach $9.03 billion by 2032, with a CAGR of 22.5%. Asia-Pacific is estimated to reach $6.94 billion by 2032 at a significant CAGR of 24.7%.

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Focus on public-private partnerships (PPPs) and rise in penetration of smart technology in crane drive the growth of the global autonomous crane market. However, fluctuations in prices of raw materials and scarcity of skilled workers hinder the market growth. On the other hand, surge in agreements and contracts for long-term business collaborations present new opportunities in the coming years.

The report offers detailed segmentation of the global autonomous crane market based on business type, mobility, end user vertical, and region.

Based on business type, the aftermarket segment would contribute the highest share in 2022, accounting for more than two-thirds of the total share, and is estimated to maintain its lead position during the forecast period. Moreover, this segment is projected to witness the highest CAGR of 23.9% from 2023 to 2032. The research also analyzes the OEM segment.

Based on end user vertical, the building and construction segment is projected to account for the largest share in 2022, holding more than two-fifths of the global autonomous crane market. In addition, this segment is expected to register the fastest CAGR of 24.2% from 2023 to 2032. The report also discusses segments including marine & offshore, mining & excavation, and others.

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Based on region, North America is expected to contribute to the highest share in 2022, accounting for more than half of the total share, and is estimated to continue its lead in terms of revenue by 2032. However, Asia-Pacific is projected to portray the largest CAGR of 24.7% during the forecast period.

Leading players of the global autonomous crane market analyzed in the research include AIDrivers Ltd., Columbus McKinnon, Cargotec Corporation, Komatsu Ltd., INTSITE Ltd., Schneider Electric, Konecranes Plc, Syracuse, SMIE, and VOCA.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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