Offshore Crane Market Statistics | Global Report 2033

The new report published by The Business Research Company, titled ""Offshore Crane Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the offshore crane market size has grown strongly in recent years. It will grow from $23.93 billion in 2023 to $26.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The offshore crane market size is expected to see strong growth in the next few years. It will grow to $36.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.

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Offshore Crane Market Growth Fueled By Surging Investments In Offshore Drilling Projects
The growing number of investments in offshore drilling projects is expected to propel the growth of the offshore crane market going forward. 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. For instance, in March 2022, according to Offshore Energy, a platform that connects communities, a UAE player, Abu Dhabi National Oil Company (ADNOC), is investing in drilling growth with $658 million in new awards. ADNOC's onshore and offshore fields are covered by these awards. Therefore, the growing number of investments in offshore drilling projects is driving the growth of the offshore crane market.

Revolutionizing Offshore Operations Through Technological Innovations And Environmental Impact In The Crane Market
Technological advancement is a key trend gaining popularity in the offshore crane market. 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. The load-out procedure of offshore wind turbine components is completed much more quickly with this 700-meter travelling quayside crane compared to the conventional methods, which include crawler cranes or tandem lifting by two cranes with a capacity of 200- to 300-meters. Therefore, the advanced capacity of the crane results in a reduction of CO2 emissions.

The offshore crane market covered in this report 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

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Major companies operating in the offshore crane market report are Palfinger AG, Cargotec Oyj, The Liebherr Group, Konecranes Oyj, Kenz Figee Group BV, Heila Group, NOV Inc., Zoomlion Heavy Industry Science and Technology Company Limited, Seatrax Inc., Xuzhou Construction Machinery Group Co. Ltd., American Crane Corporation, MELCAL SpA, PLM Cranes BV, Sormec SRL, Huisman Equipment B.V., Sparrows Offshore Group Limited, The Manitowoc Company Inc., Zhenhua Heavy Industries Co.Ltd., SANY Heavy Equipment Co.Ltd., Tadano Ltd., DMW Marine Group LLC, Allied Systems Company, HS.MARINE SRL, EK Marine Ltd., Appleton Marine Inc., North Pacific Crane Company, Thistle Marine Ltd., Dongnam Marine Crane Co. Ltd., OUCO Industry Co. Ltd., Cormach S.r.l., SKK Corporation, Effer S.p.A., Fassi Gru S.p.A., Hiab AB, Hyva Group

Contents of the report:
1. Executive Summary
2. Offshore Crane Market Report Structure
3. Offshore Crane Market Trends And Strategies
4. Offshore Crane Market - Macro Economic Scenario
5. Offshore Crane Market Size And Growth
…..
27. Offshore Crane Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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