The 2017-2024 report on global Crane market explores the essential factors of Crane industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Selbyville, DE -- (SBWIRE) -- 10/12/2018 -- Market Study Report adds a new Crane Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Crane Market is set to exceed USD 20 billion by 2024; according to a new research report. Rise in construction spending is the major factor escalating the crane market growth. Shifting government focus on infrastructure development along with increasing consumer preference for luxurious and aesthetic constructions will provide an impetus to the industry growth. Rising necessity for houses along with investment regarding infrastructure development such as smart city projects and increased construction expenditure particularly in economically stabilizing countries is expected to propel the crane market. Population growth, environmental impacts and urbanization has up surged the need for smart and sustainable infrastructure solutions. Providing efficient building methods coupled with ability to offer effective integration, planning and designing, are major factors driving the crane market growth.
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Europe crane market accounted for around 33% of the global revenue for cranes owing to the rise in investments in renewable energy and the rental market. Ongoing large construction projects in Europe are anticipated to drive the crane market over the coming years. The construction industry in Europe, has been recovering over the last few years after it tumbled post-recession. Several regional government administrations of countries such as UK, Germany, France and Italy are planning on undertaking construction projects, which include construction of railway tunnels, underwater tunnels connecting major European countries, and port extension, among others, which are using several types of cranes. In addition, the Russian crane market is also in state of revival, which is aiding the industry growth.
Prominent players in the crane market include Manitowoc, Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., XCMG Group, Tadano, Ltd., Liebherr Group, Konecranes PLC, Komatsu Ltd., Terex Corporation, and Palfinger AG among others. The industry dynamics are characterized by high competition with the presence of several regional and international players. As many of the companies have a longer operating history, brand recognition, established customer base, and supplier relationships and greater financial resources, it has become difficult for the new companies to compete with them. However, several companies are ensuring new product development initiatives to foster the crane market growth.
Developed markets are set towards a more positive outlook for construction industry as fallout from global fiscal crisis recedes, public finances and household incomes improve. In the developed countries including North America and Europe, aging infrastructure and the process for restructuring and maintaining these aged infrastructure is unable to match the pace of deterioration. Rising awareness among people about the major link between infrastructure and quality of life has resulted in a major public policy shift, favoring the overall construction industry thereby providing an impetus to the crane market.
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Table of Content:
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
126.96.36.199 Methodology and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Crane industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
188.8.131.52 Mobile crane trends
184.108.40.206 Fixed crane trends
2.1.4 Application trends
220.127.116.11 Utility trends
Chapter 3 Crane Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.2.1 Rental landscape
18.104.22.168 Pros and cons - rent vs purchase cranes
22.214.171.124 Cost calculator - rent vs purchase cranes
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological and innovation landscape
3.5 Regulatory landscape
3.5.1 ISO 4310
3.5.2 ISO 8686
3.5.3 ISO 10245-1:2008
3.5.4 ISO 12480-1
3.5.5 ISO 23815-1
3.5.6 ISO 12482
3.5.7 ISO 23814
3.5.8 OSHA 29 CFR 1926.21
3.6 Industry impact forces
3.6.1 Growth drivers
126.96.36.199 Global increase in construction spending
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