The Fortune Business Insights Research Company recently published a detailed research titled Global Cranes Market Size 2025: Trends Analysis with Forecast 2025. This current market research study contains a plethora of useful insights and data, such as worldwide market size, regional shares, and competitor market share. Additionally, it discusses current trends, future opportunities, and critical statistics for market success.

The cranes market is vital for lifting and transporting heavy materials in construction, shipping, and manufacturing. Innovations in crane technology, including automation and smart controls, are enhancing safety, efficiency, and operational flexibility.

In summary, Fortune Business Insights™’s latest report on the Global Cranes Market is a must-read for any industry

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Forecast Growth Projected:

The global cranes market size was USD 34.95 billion in 2020 and is projected to grow from USD 36.36 billion in 2021 to USD 49.64 billion in 2028 at a CAGR of 4.5% during the 2021-2028 period. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

List of the Major Key Players in the Cranes Market:

• SANY GROUP (China)

• Konecranes (Finland)

• Manitowoc Company, Inc. (U.S.)

• Tadano Ltd (Japan)

• Komatsu Ltd (Japan)

• Terex Corporation (U.S.)

• Liebherr Group (Germany)

• Hitachi Construction Machinery Europe NV (Netherlands)

• Demag Cranes & Components GmbH (Germany)

• Zoomlion Heavy Industry Science and Technology Co., Ltd (China)

• XCMG Group (China)

• Caterpillar (U.S.)

• GORBEL INC. (U.S.)

Key Industry Devlopments in the Cranes Market:

Strabag, an Austrian client, installed Manitowoc’s Potain MDT 809 tower crane for facility construction in Germany, with a capacity of up to 40 t and 80 m of jib.< /p>

SANY's crawler crane SCC1000A is being used by Arab Potash Company in Jordan to prevent the leakage of potassium rich saltwater from the Dead Sea to the main dikes.

: XCMG Group introduced 84 tailored G-series cranes products. Out of them, 25 are designed for the Middle East, Africa, and Southeast Asia markets.

Segmentation:

By Product Type

• Mobile

• Fixed

• Marine

By End-User

• Construction

• Mining

• Industrial

• Oil & Gas

• Others

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What are the New Additions in Cranes Market Report?

Comprehensive Market Analysis: The 2023 study offers a comprehensive industry analysis, including important market trends, development drivers, challenges, and opportunities. It covers several industrial sectors and provides information on market size, share, and segmentation.

Company Profiles: The study contains detailed information on significant industry participants. It provides thorough profiles of these organizations, focusing on their financial performance, product portfolios, strategic objectives, alliances, and competitive landscape research.

Customization and Analyst Support: The report provides customized services and analyst help upon request. This might involve custom research, particular data requirements, or unique insights depending on the client's needs and preferences.

Recent Market Developments: The report reflects the most recent market developments that have transpired since the last edition. It contains recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other major events that have shaped the industrial landscape.

Futuristic Growth Opportunities: The research examines and provides potential for future growth in the sector. It delves into developing technologies, industry trends, consumer preferences, and regulatory variables that are projected to fuel development and innovation in the next years.

Regional/Country Reports: In response to particular requests, the report provides tailored regional or country-specific analyses. This allows for a better grasp of market dynamics, the competitive environment, and prospects within a certain area or nation.

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