The rise in infrastructure investment and growth in investments by the mining sector in construction equipment, across the world, are likely to drive the demand for cranes. The market for cranes has experienced low demand till last year, owing to factors, such as low prices of crude oil and commodities and consequent fall in demand from the construction sectors of countries in the Middle East, Africa, South America, and Russia, which depend on oil revenues. However, with the recent uptick in oil prices, the demand from oil-producing countries is expected to grow. Growing protectionism and the ensuing trade barriers, both tariff and non-tariff, are expected to significantly dent the demand for cranes, as the prices of raw materials are expected to increase. For instance, the United States has imposed tariffs on steel and aluminum imports, which may lead to an increase in the cost of manufacturing machinery in the United States.
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The latest research on the Crane market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Crane industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Crane market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Leading players involved in the Crane Market include:
Konecranes PLC., Cargotec OYJ, Manitowoc, Terex Corporation, Tadano Limited, Kobelco Cranes Co. Limited, Palfinger AG, Liebherr-International AG, Zoomlion Heavy Industry Science, and Technology Co. Limited, Favelle Favco Group and Others major players.
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Segmentation of Crane Market:
By Type
· Mobile Cranes
· Fixed Cranes
· Marine and Offshore Cranes
· Other
By Operation
· Hydraulic
· Electric
· Hybrid
By Application
· Construction & Infrastructure
· Mining and Excavation
· Marine and Offshore
· Industrial Applications
· Other
Market Segment by Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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