Crane Market Share & Growth Drivers, 2019 – 2025

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Crane Market Growth Analysis and Outlook over
2019 2025
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• Crane Market Scenario

• The growing urbanization trend and the shifting
  of rural citizens to urban areas across the globe
  to get benefits from advanced infrastructure
  facilities are driving the crane market growth at
  a rapid pace. New public private facilities,
  such as residents, roadways, railways,
  telecommunication broadband infrastructure,
  etc., in Asian and European countries are
  creating a high machinery demand.
• Additionally, a major factor supporting the
  industry expansion is the availability of
  technically advanced and connected machines. The
  industry is experiencing the emergence of safety
  environmentally compliant machines due to
  increased government public focus on
  controlling carbon emissions from application
  activities.
• The introduction of emission-based regulations
  for such machines in the European countries is
  adding up to the demand for electric engines,
  developing the market. Moreover, the companies
  are providing machines with safety, performance,
  and easy handling features to address the demand
  from application industries.
• The fixed crane market size is anticipated to
  grow at a CAGR of over 4 till 2025 and is
  gaining demand across heavy load lifting
  applications. These machines have fixed
  structures and are capable of lifting the
  heaviest loads materials, further supporting
  their applications in complex manufacturing
  telecommunication worksites.

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• Enhancements of the telecommunication facilities
  with high-speed mobile broadband connectivity
  in the Asian countries are supporting their
  adoption in the utility sector. In the crane
  market, both mobile and fixed models are gaining
  high demand from electricity telecom sectors
  for lifting heavy materials.
• Additionally, new installation maintenance of
  water electricity infrastructure and the
  setting up of new internet facilities in several
  regions are driving the crane market growth.
  Various government projects related to urban
  development and establishing mobile connectivity
  in rural areas are major factors creating several
  industry expansion opportunities.
• The constant growth of several smart city
  projects in the U.S., Singapore, etc., including
  new buildings and utility telecommunication
  facilities will drive the market. Additionally,
  the market is witnessing the inclusion of remote
  control, compact, and energy-efficient features
  in newly developed fixed models, supporting the
  industry growth.

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• Regional Analysis

• The Asia Pacific crane market share is
  anticipated to develop at a rapid pace over the
  forecast timespan due to several ongoing
  upcoming infrastructure projects in countries
  including India, Japan, Singapore, etc. China and
  India are witnessing high mobile crane demand due
  to the construction of commercial residential
  buildings for addressing the growing population
  needs.

• Competitive Analysis

• The key companies present in the crane market
  share are Manitowoc, Sany Group, Palfinger AG,
  Komatsu Ltd., Konecranes, Tadano Ltd., Terex
  Corporation, XCMG Ltd., Liebherr Group, Kobelco
  Construction Machinery Co., Ltd., Effer S.p.A.,
  etc. These players are engaged in developing
  energy-efficient and low carbon emitting machines
  to eliminate environmental hazards and comply
  with emission regulations.

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