The global crane will expand considerably in the coming years due to recent technological advancements in the manufacturing of cranes. According to a report published by Fortune Business Insights, titled “Crane Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 32.90 Bn in 2018. Fortune Business Insights has predicted that the market will reach US$ 50.75 Bn by 2026, thereby exhibiting a CAGR of 5.6%.
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/crane-market-101168
1. By Product Type
2. By End-User Industry
- Oil & Gas
3. By Region
- North America (S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
The expansive construction business contributed to the demand for cranes across the world. Recent technological advancements in the manufacturing of cranes have led to a rising adoption across the world. Additionally, the improvements in crane designs and operational efficacies will fuel the demand for cranes across the world. The demand for cranes has increased drastically in recent years due to applications across diverse industries such as machinery, construction, marine, and transportation. Furthermore, advancements invariants of crane such as improved designs, high lift power, low fuel consumption, and electric-operated cranes will favor the growth of the global cranes market in the forthcoming years.
Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/crane-market-101168
- Manitowoc Company, Inc
- Tadano Ltd
- Komatsu Ltd
- Terex Corporation
- Liebherr Group
- Hitachi Construction Machinery Europe NV
- Demag Cranes & Components GmbH
- Zoomlion Heavy Industry Science and Technology Co., Ltd
- XCMG Group
- Caterpillar Inc
Accelerated Product Launches Will Boost the Market
The high demand for cranes in several industries has encouraged companies to come up with newer products. In addition to product launches, the advent of technologically advanced cranes has laid the foundations for the growth of the global cranes market companies. The growing applications of cranes have also yielded several product launches in recent years. The trends of application-oriented cranes have enabled strong market figures on a global scale. In 2019, Manitowoc announced the launch of three new versions of the crane, each one of which was an upgrade from its previous versions. The increasing number of companies will contribute to the overall crane industry growth in recent years. Fortune Business Insights states that Manitowoc’s latest products will constitute an increase in the global Cranes Market value in the forthcoming years.
Order Complete Report https://www.fortunebusinessinsights.com/checkout-page/101168s
Advent of Electric-operated Cranes Will Enable Growth
There has been a growing awareness regarding environment-friendly vehicles and reducing the overall fuel consumption in recent years. Due to this, companies are focusing on manufacturing vehicles with minimum emission and less fuel consumption. The advent of electric-operated vehicles will help the companies generate plenty of Cranes Market revenue, based solely on manufacturing and sales of electric-operated vehicles. The adoption of electric-operated vehicles will offer huge platforms for the growth for companies operating in the crane manufacturing industry.
Fortune Business Insights highlights a few of the leading Cranes Market companies of recent years. Fortune Business Insights provides a detailed analysis of the exceptional strategies that these companies have adopted in recent years. Besides, analyzing the business strategies, Fortune Business Insights signifies the impact of product launches by major companies on the global market.
Table of Content
5. Global Cranes Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts
5.2.1. By Product Type (Value)
5.2.2. By End-User Industry (Value)
6. North America Cranes Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecasts
6.2.1. By Product Type (Value)
6.2.2. By End-User Industry (Value)
7. Europe Cranes Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Key Policies and Regulations
7.3. Market Size Estimates and Forecasts
7.3.1. By Product Type (Value)
7.3.2. By End-User Industry (Value)
8. Asia Pacific Cranes Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecasts
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]