SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cranes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 477
Companies: 559 - Players covered include ABUS Kransysteme GmbH; ACE World; Action Construction Equipment Ltd.; All Erection & Crane Rental Corp.; Allied Marine Crane; Altec Industries; American Crane Norway A/S; Anupam Industries Limited; Appleton Marine Inc.; Ascom SpA and Others.
Coverage: All major geographies and key segments
Segments: Application (Construction & mining, Utility, Manufacturing, Transport/Shipping, Oil & gas); Segment (Mobile Cranes, Fixed Cranes)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Cranes Market to Reach $18.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Cranes estimated at US$17.5 Billion in the year 2020, is projected to reach a revised size of US$18.5 Billion by 2026, growing at a CAGR of 0.9% over the analysis period. Mobile Cranes, one of the segments analyzed in the report, is projected to record a 1.2% CAGR and reach US$10.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Cranes segment is readjusted to a revised 0.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.8 Billion in 2021, While China is Forecast to Reach $3.4 Billion by 2026
The Cranes market in the U.S. is estimated at US$4.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2026 trailing a CAGR of 2.1% over the analysis period. Among the other noteworthy geographic markets is Canada which is forecast to grow at 0.6% CAGR over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.1% CAGR. More
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
Join Our Expert Panel
Connect With Us on LinkedIn
Follow Us on Twitter
Journalists & Media
View original content to download multimedia:https://www.prnewswire.com/news-releases/valued-to-be-18-5-billion-by-2026--cranes-market-is-slated-for-growth-worldwide-301378609.html
SOURCE Global Industry Analysts, Inc.