Crane Market - Outlook, and Opportunity Analysis, 2018-2026

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Crane Market - Global Industry Insight, Trends,
Outlook, and Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
Crane Market Overview
Cranes are machines used for lifting, lowering,
and moving of heavy objects or freight from one
place to another, mostly for transportation or
construction work purposes. Increasing government
investment for the development of smart city is
one of the major driving factors for rising
demand for cranes. For instance, according to the
Indian government Union Budget 2018-19, the
government has selected 99 cities under the smart
city mission and will provide a fund of US
3.1billion for the development of these cities.
Moreover, increasing production in mining have
raised demand for the crane globally. For
instance, according to world mining congress, the
world mining production was 16.9 billion metric
ton in 2016 up from 15.8 billion metric ton in
2010. Crane Market Dynamics Increasing number
of construction activities is one of the major
factors fueling growth of the crane
market Increasing number of construction
activities has led to rising demand for cranes
globally, in turn driving growth of the crane
market. According to the Chartered Institute of
Building, the construction industry is estimated
to account for 14.7 of the global GDP by 2030.
Moreover, by 2030, the global construction market
is projected to reach US 17.5 trillion from US
8 trillion in 2015.
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REPORT DESCRIPTION

• Crane Market Taxonomy
• By Crane Type
• Fixed Cranes
• Marine and Port Cranes
• Mobile Cranes
• By Application
• Mining
• Construction Infrastructure
• Oil and Gas Industry
• Others
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REPORT DESCRIPTION
Crane Market Regional Insights On the basis of
region, the global crane market is segmented into
North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa. Asia Pacific
held the dominant position in the market in 2017
and is projected to retain its dominance over the
forecast period. India, China, and Japan are
major growth engines in this region. Rising
number of construction projects in China is
leading to increasing demand for cranes. For
instance, the announcement of One Belt, One
Road project in 2013 is expected to aid in
growth of construction market in China. The main
aim of the project was to link three regions
including Asia, Africa, and Europe. Furthermore,
high investments in infrastructure by the Indian
government have accelerated growth of crane
market in India. For instance, according to the
India Brand Equity Foundation (IBEF), in the
Union Budget 2018 2019, the government
allocated US 92.22 billion for infrastructure.
Moreover, increasing urban population and growing
housing projects is expected to drive growth of
the market over the forecast period. For
instance, according to the Chartered Institute of
Building 2015 report, India needs to build 31,000
new houses per day over the next 15 years to meet
the needs of rapidly growing urban
population. To Get Discount on this Report
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