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Cranes Market are used to do all the heavy lifting stuff that are used to both lift and lower heavy stuff and move them horizontally and used for loading and unloading the type of materials which are beyond the normal human capacity.

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There are 7 types of cranes used depending on the type of project involved, work objectives and the environment i.e., mobile cranes, telescopic cranes, tower cranes, truck mounted cranes, overhead cranes, loader cranes and the rough terrain cranes.

Some major factors which are contributing to its growth are the increase in construction and renovation activities and practices and an increase in investments by the mining sector in construction equipment across the world.

In India, imports of cranes are on the rise due to the increase of construction activities. Growing population is one of the thriving factors contributing to the growth of the construction sector. The construction sector of the country is expected to grow twice as fast as China by 2030 due to its growing population.

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The US government is also expected to increase its spending on infrastructure projects and the construction sector by over trillion dollars in the coming 10 years in order to create more jobs in the country.

The ASEAN countries are also expected to increases their budgets and spending on residential, industrial, infrastructural and construction projects in the coming 5 years.

Factors such as increased urbanization and population, investments, government spending, and consumer spending have set the ASEAN countries to grow significantly in the coming 10 to 15 years, which will trigger the growth of infrastructure and construction projects in the countries.

The Global Cranes Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

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