Crane Market will grow at approximately 2% CAGR from 2017 to 2024.

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Crane Market Growth, Application Analysis from
2017 to 2024
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Global 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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• 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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France AWP Rental Market, By Product, 2016 2024
(USD Million)
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360 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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• 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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