Global Crane Market estimated to have highest CAGR by 2023| Forecast 2023

Market research future published a half cooked research report on Global Crane Market. The crane market is expected to grow over the CAGR of around 5.9% during the period 2017 to 2023.

Market Highlights
Crane is primarily used for lifting heavy loads and transporting them to other places. It is widely used in mining, shipyards and marine sector. The growing demand from the oil & gas sector for loading and unloading of loads such as drill pipes, and containers is fuelling the demand of the market. However, high maintenance cost of crane is the factor that may hamper the growth of the market.
The global crane market was accounted for USD 32.10 billion in 2016, and it is projected to grow at a CAGR of 5.9% during the forecast period.

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Market Research Analysis
On the basis of regions, global crane market is segmented as North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific dominates global crane market. Growth in construction and infrastructure sector mainly due to increase in population, is driving the demand of the market in Asia-Pacific region. China and India are the major markets in this region. Asia-Pacific region is expected to be the fastest growing market during the forecast period.
Europe and North America are other major markets for Crane. Expansion and upgradation of power grids and distribution networks are driving the demand of the market in these regions.

Scope of the Report
This study provides an overview of the global cranes market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global crane market by its crane type, application and region.

By Crane Type

• Mobile Cranes
• Fixed Cranes
• Marine Cranes
By Application

• Construction & Infrastructure
• Mining
• Oil & Gas
• Others
By Region

• North America
• Asia Pacific
• Europe
• Rest of the World

LIST OF FIGURES
FIGURE 1 RESEARCH CRANE TYPES

FIGURE 2 GLOBAL CRANES MARKET: BY CRANE TYPES (%)

FIGURE 3 GLOBAL CRANES MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL CRANES MARKET: BY REGION

FIGURE 5 NORTH AMERICA CRANES MARKET, BY CRANE TYPES (%)

FIGURE 6 NORTH AMERICA CRANES MARKET, BY APPLICATION (%)

FIGURE 7 EUROPE CRANES MARKET, BY CRANE TYPES (%)

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Key Players
The key players of global crane market are Cargotec Oyj (Finland), Konecranes PLC (Finland), Liebherr Group (Switzerland), The Manitowoc Company, Inc. (U.S.), Terex Corporation (U.S.), Tadano Ltd. (Japan), Xuzhou Construction Machinery Group Co., Ltd. (China), Manitex International Inc. (U.S.), Sumitomo Heavy Industry Construction Cranes Co. Ltd.(Japan), and Shanghai Zhenhua Heavy Industry Co., Ltd. (China).

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This release was published on openPR.