Marine Cranes Market Shares Expected to Reach 7,833.3 million at Thriving CAGR of 15.59% by 2027 | Palfinger AG, Effer SpA, Heila Cranes S.p.A, Hawboldt Industries

The Marine Cranes market is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

Marine Cranes Market Overview

The global marine cranes market is expected to register a CAGR of 15.59% during the forecast period and is expected to hit USD 7,833.3 million by 2027. Marine cranes are specifically designed for offshore operations. They can be mounted on vessels and carried out into waters for operations such as loading and unloading. They are provided with appropriate protection and other features to operate efficiently in harsh weather conditions at sea. Marine cranes play a very important role in the construction industry because they have enough power and the ability to move the materials of various weights upward, downward, and horizontally.

Marine Cranes market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Marine Cranes Market are, Palfinger AG, Effer SpA, Heila Cranes S.p.A, Hawboldt Industries, HS. Marine S.R.L, KenzFigee Group B.V., Techcrane International, LLC, DMW Marine Group, LLC, Industriaguerra, S.A, and Cargotec Corporation.

Most important Segments of Marine Cranes market covered in this report are,

The global marine cranes market is mainly segmented into lifting capacity, type, application, and end user. On the basis of lifting capacity, the marine cranes market has been sub-segmented into 2 Tons–500 Tons, 501 Tons–15,000 Tons, and 15,001 Tons–30,000 Tons. On the basis of type, the marine cranes market has been sub-segmented into knuckle boom, telescopic boom, stick boom, and foldable boom. Based on application, the marine cranes market has been segmented into oil & gas platforms, government & military, workboats, and research & fishing vessels.

Marine Cranes Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Marine Cranes Market.
• Marine Cranes Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Marine Cranes Market market-leading players.
• Conclusive study about the growth plot of Marine Cranes Market for forthcoming years.
• In-depth understanding of Marine Cranes Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Marine Cranes Market.

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The global Marine Cranes market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Regional Analysis

Based on region, the report on the global Marine Cranes market has been segmented into North The North America accounted for the market share of 28.46% in 2020 and is anticipated to reach approximately USD 2,106.0 million by 2027 at a 14.83% CAGR during the forecast period. In 2020, the region was anticipated to grow significantly during the forecasted period due to the expansion of the oil rig exploration sector. Moreover, there have been almost 430 active drilling rigs in the US, out of which the oil rig count is 340 rigs. Due to the expansion of the drilling rigs activities in the US, many of the marine crane manufacturers invest in research & development to improve fuel efficiency and strengthen their product portfolio and gain a competitive edge. Furthermore, the increasing awareness regarding the environment and usage of renewable energy in the US, Canada, and others have increased the adoption for construction and erection of large wind turbines across the marine environment.

Asia-Pacific comprises China, Japan, India, and the rest of Asia-Pacific. In 2020, the region held the largest share of the marine cranes market and accounted for 30.6%. The rising demand for the market is due to the growing development of marine exploration and construction activities in China, Malaysia, Australia, and Thailand. Moreover, increasing oil discoveries in developing countries such as China and India are expected to fuel the demand for the marine cranes market in the region. The rising investment by the government in this region for the development of the overall national infrastructure, including transportation and energy, is another factor promoting the growth of the market.

LIST OF TABLES

TABLE 1 GLOBAL MARINE CRANES MARKET, BY LIFTING CAPACITY, 2019–2027 (USD MILLION)
TABLE 2 GLOBAL MARINE CRANES MARKET, BY LIFTING CAPACITY (VOLUME), 2019–2027 (K UNITS)
TABLE 3 GLOBAL MARINE CRANES MARKET, BY TYPE, 2019–2027 (USD MILLION)
TABLE 4 GLOBAL MARINE CRANES MARKET, BY TYPE (VOLUME), 2019–2027 (K UNITS)
TABLE 5 GLOBAL MARINE CRANES MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
TABLE 6 GLOBAL MARINE CRANES MARKET, BY APPLICATION (VOLUME), 2019–2027 (K UNITS)
TABLE 7 GLOBAL MARINE CRANES MARKET, BY REGION, 2019–2027 (USD MILLION)
TABLE 8 GLOBAL MARINE CRANES MARKET, BY REGION (VOLUME), 2019–2027 (K UNITS)
TABLE 9 NORTH AMERICA MARINE CRANES MARKET, BY REGION, 2019–2027 (USD MILLION)
TABLE 10 NORTH AMERICA MARINE CRANES MARKET, BY REGION (VOLUME), 2019–2027 (K UNITS)
TABLE 11 NORTH AMERICA MARINE CRANES MARKET, BY LIFTING CAPACITY, 2019–2027 (USD MILLION)
TABLE 12 NORTH AMERICA MARINE CRANES MARKET, BY LIFTING CAPACITY (VOLUME), 2019–2027 (K UNITS)
TABLE 13 NORTH AMERICA MARINE CRANES MARKET, BY TYPE, 2019–2027 (USD MILLION)
TABLE 14 NORTH AMERICA MARINE CRANES MARKET, BY TYPE (VOLUME), 2019–2027 (K UNITS)
TABLE 15 NORTH AMERICA MARINE CRANES MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
TABLE 16 NORTH AMERICA MARINE CRANES MARKET, BY APPLICATION (VOLUME), 2019–2027 (K UNITS)
TABLE 17 US: MARINE CRANES MARKET, BY LIFTING CAPACITY, 2019–2027 (USD MILLION)
TABLE 18 US: MARINE CRANES MARKET, BY LIFTING CAPACITY (VOLUME), 2019–2027 (K UNITS)
TABLE 19 US: MARINE CRANES MARKET, BY TYPE, 2019–2027 (USD MILLION)
TABLE 20 US: MARINE CRANES MARKET, BY TYPE (VOLUME), 2019–2027 (K UNITS)
TABLE 21 US: MARINE CRANES MARKET, BY APPLICATION, 2019–2027 (USD MILLION)
TABLE 22 US: MARINE CRANES MARKET, BY APPLICATION (VOLUME), 2019–2027 (K UNITS)
TABLE 23 CANADA: MARINE CRANES MARKET, BY LIFTING CAPACITY, 2019–2027 (USD MILLION)

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