The global crane market is expected to record a CAGR of around 4.0% over the forecast period (2021-2027). Some of the key factors driving the market growth are the increase in new construction and renovation activities and investments in the mining sector for construction equipment around the world. However, the growing demand for rental cranes can hinder demand and growth for new cranes. However, the enactment of strict emission regulations is expected to create demand for new cranes that comply with the new regulations.
A full report of Crane Market available at https://www.orionmarketreports.com/crane-market/24305/
Crane Market Segmentations
By Type
• Mobile Crane
• Fixed Crane
• Marine and Off-shore Crane
By Application Type
• Construction
• Mining and Excavation
• Marine and Offshore
• Industrial Applications
Major Players
• Manitowoc
• Terex Corporation
• Tadano Limited
• Kobelco Cranes Co. Limited
• Liebherr-International AG
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