Cranes Market: Growth, Demand, and Technological Advancements

Cranes Market was worth US$ 48.93 Bn in 2021 and total revenue is expected to grow at a rate of 4.57% CAGR from 2021 to 2029, reaching almost US$ 69.96 Bn in 2029.

Cranes Market Overview

Maximize Market research, a global Healthcare market research firm, has published competitive intelligence market research report on “ Cranes Market “. The   Cranes market revenue is expected to grow at a CAGR of percent from 2022 to 2029, reaching USD  Cranes   bn during the forecast period. The  Cranes market overview gives thorough the key highlights of the industry, market potential during the forecast period, segment wise analytics country wise market scope.

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Cranes Market Report Scope and Research Methodology

The market is divided into electrically powered and fuel-powered subsegments based on Power Source. In 2021, the electrically powered category is in the lead. The development of high-performance, long-lasting batteries as well as urbanisation and government-sponsored building initiatives are all credited with the rise. Additionally, the need for electrical equipment is anticipated to rise significantly as customer preference for green technology keeps rising.

Gardeners are now aware of the many benefits electric lawnmowers offer over their gas-powered or conventional counterparts, which contribute just around 5% of the total hydrocarbons in metropolitan areas' atmosphere. There has been a discernible trend towards electric and battery-powered technology due to stricter pollution regulations and more environmentally conscious consumers.

The market is divided into residential and commercial segments based on application. Current trends indicate that the domestic segment won't overtake the business sector. In reality, manufacturers of consumer products profit from increasing demand for lawn care services. Many of these service providers purchase consumer market riding or walk-behind mowers for minor home maintenance tasks. Commercially produced materials are needed for bigger projects like parks and golf courses. However, even on a golf course, a consumer walk-behind or riding mower is used to maintain the grass adjacent to the clubhouse.

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  Cranes Market Regional Insights

The report includes a detailed explanation of all the factors, market size, growth rate, and import and export in all the regions. The regions covered in the section include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East, and Africa

Cranes Market Segmentation

The market is further divided by industry into the following sub segments: Energy & Power, Shipping & Material Handling, Automotive & Railway, Aerospace and Defence, Construction, Mining, and Others. Throughout the predicted period, the construction sector held a monopoly on the market. In 2021, the market will be worth close to $12,744.4 Bn. with a CAGR of 6.1%. Due to the pandemic crisis, the market shrank in 2021 from $12,744.4 billion to $12,633.9 billion at a CAGR (-0.9%). Due to the current global recession, the building industry has undergone fast upheaval. Despite the worldwide crises, building investment grew marginally in the majority of rising nations. Earthmoving equipment is mostly utilised for construction tasks including excavation, weight lifting, loading, and unloading. China began a fresh infrastructure effort to counteract the COVID's negative economic effects.

The market is further divided into Fixed Cranes, Mobile Cranes, and Others based on Type. The market is dominated by the sector of mobile cranes. The market is being driven by a number of qualities, including great mobility, fast travel speeds, and a short building time. Major participants in the market for mobile cranes include Liebherr, Cargotec, Tadano, Manitowoc, and Palfinger. These companies are heavily involved in industries including mining, construction, aerospace, shipping, and material handling.


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  Cranes Market Key Players

• Kone Cranes PLC
• Terex Corporation
• Kato Works
• IHI Construction Machinery Limited
• Link-Belt Construction Equipment Co.
• Leibherr-International
• Tadano Limited
• Altec Inc.
• Cargotec
• Kobelco Cranes Co. Limited
• Uesco Industries
• Whiting Corporation
• Demag (Terex MHPS Corp)
• Gorbel Inc
• Street Crane Company Limited
• North American Industries
• Manitowoc
• Palfinger
• Zoom lion

Key questions answered in the  Cranes Market are:

What is the expected  Cranes Market size by the end of the forecast period?

What are the global trends in the  Cranes Market?

What are the recent industry trends that can be implemented to generate additional revenue streams for  Cranes Market?

How is the intervention from regulatory authority is shaping the  Cranes Market?

What growth strategies are the players considering to increase their presence in  Cranes Market?

Who held the largest market share in  Cranes Market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)

Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size Forecast by different segment | 2022−2029

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

+91 96071 95908, +91 9607365656

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