Crane Market Share 2021 In-Depth Analysis of Industry Growth Trends & Forecast up to 2025
Category: #business  By Ronak Bora  Date: 2021-12-03
  • share
  • Twitter
  • Facebook
  • LinkedIn
Crane Market Share 2021 In-Depth Analysis of Industry Growth Trends & Forecast up to 2025

The size of Crane Market was registered at USD 19 billion in the year 2018 and is anticipated to cross USD 28 billion by 2025. Between the period 2019-2025, the market is expected to register a CAGR of 6%.

The oil & gas sector is unquestionably a lucrative application arena for crane industry – specifically for tower crane market. Tower cranes are extensively deployed in offshore as well as onshore oil rig sites pertaining to applications such as drill pipe lifting, casting, maintenance equipment lifting from ships and the like. The ascent in demand can be credited to the product’s exclusive feature of operating even in severe weather conditions, in addition ensuring easy moving of heavy materials across the oil platforms.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2398

Dubbed as LR330, this new luffing jib crane, is claimed to be equipped with an equilateral triangular jib of a maximum length of 60 meters and weight carrying capacity of 18000 kg. Sources have also categorically stated that the Raimondi’s new luffing crane range has been specifically designed to reduce the impact of wind on the jib, thereby ensuring efficient transportation.

Furthermore, the equiangular triangular jib design would also enhance numerous other operational aspects of the machine as well, cite sources. While Raimondi already holds a strong position in global crane market with a history of nearly one and half centuries, the launch of LR330 would undoubtedly prove to be a milestone in its journey.

Despite the appreciable growth prospect, high capital investment and maintenance cost associated with the equipment are perhaps two of the major challenges that crane industry players are presently dealing with. On the other hand, tremendous development in constructional activities across emerging nations is further scaling up the demand for high-end crane systems.  In the face of these two-contradictory situations, companies have been readily investing in automation of equipment, in a bid to comply with the international quality standards.

Europe crane market size is likely to show an upsurge in the years to come. Driven by the fact that this particular category of cranes is largely installed in wind energy park, Europe has emerged to be one of the strong grounds for the business space. Augmented by the region’s hefty investments in renewable energy projects in tandem with the presence of a supportive regulatory landscape.

Apparently, the new business line is all inclusive of an absolutely free service package, where Konecranes itself provides all the maintenance cost of the rented crane without any further investment from the customers. With this absolutely innovative program designed to offer maximum flexibility to the customers, Konecranes PLC seems to be on the path of empowering its stance in the overall crane market share. The RENTALL concept, reportedly, has been already rolling out at some parts of Canada and U.S., post the successful launch of the program in some of the Nordic countries like Singapore, U.K., and Australia.

Get This Report Customized To Your Requirements@ https://www.decresearch.com/roc/2398

Some Point from Table of Contents:

Chapter 4. Crane Market, By Product

4.1. Key trends by product

4.2. Mobile crane

4.2.1. Market estimates and forecast, by application, 2014 – 2025

4.2.1.1. Market estimates and forecast, by utility, 2014 – 2025

4.2.2. All terrain cranes

4.2.2.1. Market estimates and forecast, by application, 2014 – 2025

4.2.3. Crawler crane

4.2.3.1. Market estimates and forecast, by application, 2014 – 2025

4.2.4. Rough terrain crane

4.2.4.1. Market estimates and forecast, by application, 2014 – 2025

4.2.5. Truck loader crane

4.2.5.1. Market estimates and forecast, by application, 2014 – 2025

4.3. Fixed crane

4.3.1. Market estimates and forecast, by application, 2014 – 2025

4.3.1.1. Market estimates and forecast, by utility, 2014 – 2025

4.3.2. Monorail cranes

4.3.2.1. Crane Market estimates and forecast, by application, 2014 – 2025

4.3.3. Stiffleg crane

4.3.3.1. Market estimates and forecast, by application, 2014 – 2025

4.3.4. Tower crane

4.3.4.1. Market estimates and forecast, by application, 2014 – 2025

4.3.5. Gantry crane

4.3.5.1. Market estimates and forecast, by application, 2014 – 2025

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/crane-market

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...