Title: Crane Market will grow at approximately 2% CAGR from 2017 to 2024.
1Crane Market Growth, Application Analysis from
2017 to 2024
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2Global Market Scenario of Crane Market
- Raimondi Cranes latest launch of luffing jib
crane is symptomatic of the relentless efforts
undertaken by crane market giants to be placed at
a higher notch over their contemporaries. - Given the dynamically charged intense share
battle in the competitive landscape, companies
have been feverishly focusing on expanding their
product portfolio to stronghold their business
position, as depicted from Raimondis new
flagship crane. - Dubbed as LR330, this new luffing jib crane, is
claimed to be equipped with an equilateral
triangular jib of a maximum length of 60 meter
and weight carrying capacity of 18000 kg. - Sources have also categorically stated that the
Raimondis new luffing crane range has been
specifically designed to reduce the impact of
wind on the jib, thereby ensuring efficient
transportation.
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3Continue-
- Furthermore, the equiangular triangular jib
design would also enhance numerous other
operational aspects of the machine as well, cite
sources. - While Raimondi already holds a strong position in
global crane market with a history of one and
half century, the launch of LR330 would
undoubtedly prove to be a milestone in its
journey.
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4France AWP Rental Market, By Product, 2016 2024
(USD Million)
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5360 Industry Analysis
- The oil gas sector is unquestionably a
lucrative application arena for crane industry.
Tower cranes are extensively deployed in offshore
as well as onshore oil rig sites pertaining to
applications such as drill pipe lifting, casting,
maintenance equipment lifting from ships and the
like. The ascent in demand can be credited to the
products exclusive feature of operating even in
severe weather conditions, in addition ensuring
easy moving of heavy materials across the oil
platforms.
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6- Competitive Analysis
- Speaking of its commercialization potential at a
global scale, crane market size is forecast to
exceed a valuation of USD 20 billion by 2024.
Despite the appreciable growth prospect, high
capital investment and maintenance cost
associated with the equipment are perhaps two of
the major challenges that crane industry players
are presently dealing with.
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