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Future Market Insights
Abhishek Budholiya
3rd Floor, 207 Regent Street, London United Kingdom

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Global Crane Market to Incur Steady Growth During 2017-2027
Crane Market: Global Industry Analysis and Opportunity Assessment 2017-2027, 2/18/2019 - Despite the average performance of construction industry in 2016, predictions for the performance in 2017 remains positive growth of the associated industries is expected in the forthcoming years of the month. The global construction industry is anticipated to witness an annual growth rate, ranging between 5-10% in this year. The construction industry is a major end user of cranes, thus its performance has a notable impact on the growth of [URL=]Crane Market[/URL]. Though, the existing uncertainty in the global construction market could affect the demand for cranes in construction application, but the robust growth of automotive industry and steady revenue increment from mining are expected to fuel the growth of the global crane market. Global crane market is anticipated to witness noteworthy growth in developing parts of Asia Pacific, while a moderate growth will be foreseen in the America, Europe and the Middle East. Small sized equipment, affordable price, reliability and improved productivity will remain key concerns in the global crane market. The global crane market covers a vast number of products serving various requirements, including wheel mounted cranes, crawler cranes, side boom, straddle crane, railroad crane, and aerial cranes. These cranes are further bifurcated into telescopic, hydraulic, articulated etc.

Global Crane Market: Market Dynamics

The ongoing demand for construction of smart cities across geographies and various mega construction particularly in developing countries will rise demand for the cranes. Increasing investments made by governments as well as private sector companies in infrastructure development projects is the major factor driving growth of the global crane market. Within these infrastructure projects the key demand drivers going forward are road construction, urban infrastructure, irrigation and mining operations. Investments in infrastructure can be classified into investments for roads, ports, airports, railways, pipelines, irrigation, waterways and urban infrastructure. Further, increasing demand for high capacity lifting is boosting the demand for some specialized products such as mobile cranes.

Increasing focus of customers towards procuring used cranes due to avoid high cost new equipment is a crucial factor which can obstruct the market growth. Some of the key trends witnessed in the market are shifting focus towards compact and remote operated cranes and changing consumer towards crane that ensures driver’s comfort and safety.

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Global Crane Market: Market Segmentation

On the basis of product type, the Crane market can be segmented into;

Mobile Cranes

Truck Cranes

All Terrain Cranes

Crawler Cranes

Side Boom

Straddle Crane

Aerial Cranes

Floating Crane

Railroad Crane

Fixed Cranes

Tower Cranes

Overhead Track-mounted Cranes

Level Luffing Cranes

Underhung Cranes

Stiff-leg Derrick

Marine Cranes

Harbor Cranes

Ship Cranes


On the basis of supply type, the Crane market can be segmented into;

Construction Industry

Mining Industry

Oil & Gas Industry

Shipping & Port Building



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