Cranes Market

Cranes Market

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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

ABSTRACT-

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

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Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

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.

CONTACTS:

Zak Ali

Director, Corporate Communications

Global Industry Analysts, Inc.

Phone: 1-408-528-9966

www.StrategyR.com

Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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