New York, According to a new market research report published by Global Insight Services “Cranes Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A crane is a type of machine, generally equipped with a hoist rope, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It is one of the oldest types of machines, dating back to at least the 5th century BC in Greece.
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Key Trends
There are several key trends in cranes technology that are worth mentioning. First, there is a trend towards larger and more powerful cranes. This is being driven by the increasing size and weight of the loads that need to be lifted, as well as the need for greater lifting capacity at height. second, there is a trend toward more sophisticated and automated controls. This is driven by the need for greater accuracy and safety in crane operation. third, there is a trend toward more energy-efficient cranes. This is driven by the need to reduce operating costs and by environmental concerns. fourth, there is a trend toward lighter and more compact cranes. This is driven by the need for greater portability and by the increasing use of cranes in confined spaces. fifth, there is a trend toward more versatile cranes. This is driven by the need to handle a greater variety of loads and by the increasing use of cranes in multi-purpose applications.
Key Drivers
The key drivers of the cranes market include the increasing construction activities, the need for efficient and safe lifting solutions, and the growing demand from the maritime sector. The construction industry is one of the major end-users of cranes and the increasing number of construction projects is expected to drive the demand for cranes over the forecast period. The maritime sector is another major end-user of cranes and the growing demand for efficient and safe lifting solutions is expected to drive the market over the forecast period.
Market Segments
The Cranes Market is segmented on the basis of type, mobility, business type, and region. Depending on type, the market is classified into overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes, and others. According to business type, it is categorized into original equipment manufacturers (OEM) and aftersales. On the basis of mobility, it is classified into static and mobile. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Cranes Market report includes players such as Cargotec Corporation, Kito Corporation, Konecranes Plc, Liebherr-International AG, Manitowoc Company, Inc., SANY Heavy Industry Co. Ltd., Tadano Ltd., Terex Corporation, Xuzhou Construction Machinery Group Co., Ltd., and Zoomlion Heavy Industry.
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Reasons to buy Cranes Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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