Global Crane Market Insights & Forecasts, 2022-2026 – Surging Mining Activities, Rapid Growth of Automotive Industry, Upswing in Maritime Activities, Accelerating Demand from Oil Refineries – QNT Press Release


DUBLIN, May 25, 2022 /PRNewswire/ — The “Global Crane Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)” report has been added to ResearchAndMarkets.com’s offering.

The global crane market is forecasted to record a value of US$43.50 billion in 2026, progressing at a CAGR of 5.23%, over the period 2022-2026.

The factors such as increasing investment in construction and infrastructure, rising demand in metallurgical industries, escalating preference of rental services, upsurge in e-commerce sector, rapid expansion of aerospace industry and expanding urbanization would drive the growth of the market.

However, the market growth would be challenged by high investment cost and dearth of skilled labor. A few notable trends may include surging mining activities, rapid growth of automotive industry, upswing in maritime activities and rising applications in power generation.

The global crane market is categorized on the basis of type and application. According to the type, the market can be split into mobile cranes, marine & port cranes and fixed cranes.

Whereas, the global crane market can be bifurcated into construction, industrial application, mining and excavation, oil & gas and other applications, in terms of application.

The competitive landscape of the market, along with the company profiles of leading players (Zoomlion Heavy Industry Science and Technology Co., Ltd., Cargotec Corporation, Konecranes PLC, Terex Corporation, Palfinger AG and The Manitowoc Company, Inc.) are also presented in detail.

Key Topics Covered:

1. Market Overview
1.1 Introduction
1.2 Parts of a Tower Crane
1.3 Mechanical Principles of Cranes

Full story available on Benzinga.com



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