NEW YORK , July 13, 2022 /PRNewswire/ -- The "Cranes Market by Product (mobile cranes, fixed cranes, and marine and port cranes), Application (construction, industrial, and utilities), and Geography (APAC, Europe , North America , and South America ) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cranes market between 2020 and 2025 is USD 11.9 billion , as per the latest market analysis report by Technavio. The report has identified the market to witness an accelerating growth momentum at a CAGR of 5.61% during the forecast period. Technavio categorizes the global cranes market as a part of the global industrial machinery market. The growth in end-user industries due to urbanization is a major factor driving the global cranes market share growth. The volatility in raw material prices will be a major challenge for the global cranes market share growth during the forecast period.
For more key market dynamics and growth variance analysis, Request for Sample.
The cranes market report is segmented by Product (mobile cranes, fixed cranes, and marine and port cranes), Application (construction, industrial, and utilities), and Geography (APAC, Europe , North America , and South America ).
Revenue-generating segment highlights: The cranes market share growth in the mobile crane segment will be significant during the forecast period. The mobile crane segment of the global cranes market includes all-terrain cranes, crawler cranes, and city cranes, among others. The increasing investments in the development of megacities are a major driver of this segment.
Regional Analysis: APAC will be the leading region with 60% of the market's growth during the forecast period. China and Japan are the key markets for the cranes market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. The rising number of construction activities and the increasing use of cranes in the development of smart cities will fuel the cranes market growth in APAC over the forecast period.
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The crane market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
To make the most of the opportunities and recover from the post-pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cranes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Some Companies Mentioned with their Offerings
More Vendors Covered in the Report are:
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Construction Machinery Market by Product and Geography - Forecast and Analysis 2021-2025
Concrete Machinery Market by End-user and Geography - Forecast and Analysis 2022-2026
Accelerate at a CAGR of over 5.61%
APAC, Europe, North America, and South America
China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
ABUS Kransysteme GmbH, Columbus McKinnon Corp., Eilbeck Cranes, GH Cranes & Components, Gorbel Inc., Henan Mine Crane Co. Ltd., Kito Corp., Konecranes Plc, Mazzella Companies, and Sumitomo Heavy Industries Construction Cranes Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2020 - 2025
5.3 Mobile cranes - Market size and forecast 2020-2025
5.4 Fixed cranes - Market size and forecast 2020-2025
5.5 Marine and port cranes - Market size and forecast 2020-2025
8.3 APAC - Market size and forecast 2020-2025
8.4 Europe - Market size and forecast 2020-2025
8.5 North America - Market size and forecast 2020-2025
8.6 South America - Market size and forecast 2020-2025
8.7 MEA - Market size and forecast 2020-2025
11.10 Xugong Group Construction Machinery Co. Ltd.
11.11 Zoomlion Heavy Industry Science and Technology Co. Ltd.
12.2 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:media@technavio.com Website: www.technavio.com/
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