Global Offshore Crane Market Outlook 2023 - Size, Growth, Analysis And Forecast To 2032 | Palfinger AG, Cargotec Oyj, Liebherr, Konecranes Oyj, Kenz Figee Group BV

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Offshore Crane Global Market Report 2023 identifies growing number of investments as the major driver for the Offshore Crane market's growth in the forecast period. Offshore drilling refers to extracting petroleum and natural gas from oceanic reserves instead of from land-based reserves by using a platform that is mobile or fixed and located off the coast. Lifting and moving containers, drilling machinery, and sections of pipe is the main duty of an offshore crane.
 
The global offshore crane market size is expected to grow from $21.91 billion in 2022 to $23.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore crane market size is expected to grow to $32.79 billion in 2027 at a CAGR of 8.3%.

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Major competitors in the Offshore Crane market are Palfinger AG, Cargotec Oyj, Liebherr, Konecranes Oyj, Kenz Figee Group BV, Heila Group, NOV Inc.

A key trend in the Offshore Crane market includes technological advancement. Major companies operating in the market are introducing technological innovations to reduce offshore carbon dioxide (CO2) releases during production and sustain their position in the market. For instance, in July 2022, Huisman Equipment BV, a Czech Republic-based heavy construction equipment company, launched a 700-meter travelling quayside crane for the load-out of offshore wind turbine components.

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The Offshore Crane market is segmented -

1. By Type: Board offshore cranes, Knuckle Boom Crane, Telescopic Boom Crane, Lattice Boom Crane, Luffing Crane, Other Types.
2. By Lifting Capacity: 0-500 MT, 500-2,000 MT, 2,000-5,000 MT, Above 5,000 MT
3. By Application: Oil and Gas, Marine, Renewable Energy, Other Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Offshore Crane market.

The Business Research Company's "Global Offshore Crane Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Offshore Crane Market Include:

1. Executive Summary
2. Offshore Crane Market Characteristics
3. Offshore Crane Market Trends And Strategies
4. Offshore Crane Market - Macro Economic Scenario
5. Offshore Crane Market Size And Growth
……
26. Africa Offshore Crane Market
27. Offshore Crane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Crane Market
29. Offshore Crane Market Future Outlook and Potential Analysis
30. Appendix

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