Crane and Hoist Market

Crane and Hoist Market by Type (Mobile Cranes, Fixed Cranes), Operations (Hydraulic, Electric, Hybrid), Industry (Construction, Shipping & Material Handling, Automotive & Railway, Mining, Aerospace & Defense, Energy & Power) - Global Forecast to 2026

Report Code: SE 5842 May, 2021, by marketsandmarkets.com

[235 Pages Report] The crane and hoist market size is projected to reach USD 33.0 billion by 2026 from an estimated USD 26.0 billion in 2021, at a CAGR of 4.8% from 2021 to 2026. Significant demand from construction industry, expanding mining industry, increased use in shipping industry are among the factors driving the growth of the crane and hoist market.

Crane and Hoist Market

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COVID-19 Impact on the Global Crane and Hoist Market

In 2020, COVID-19 had a negative effect on the crane and hoist market, resulting in decreased shipments of cranes and hoists and the revenues generated from them. As a result, a drop was witnessed in the growth trend of the market during the first half of 2020. This trend is expected to discontinue in the latter half of the year as the demand is expected to increase due to the growing demand from construction and shipping and material handling industry.

The COVID-19 pandemic has substantially impacted the value chain of the crane and hoist market. The US, China, India, and Japan, which have been adversely affected by the pandemic, account for a significant share of the global crane and hoist manufacturing. The automotive & railway and aerospace & defense industries are witnessing a low demand, which is expected to continue for the short term due to the global slowdown.

Market Dynamics

Driver: Significant demand from construction industry

The construction industry is expanding and becoming complex day by day. The large projects related to infrastructure development are becoming challenging. According to the Texas Workforce Commission (US), the construction industry is estimated to register a CAGR of 27.8 % from 2014 to 2024 in the US. Besides the industry is witnessing healthy growth in APAC and Europe attributed to the increasing infrastructure-related spending. Rising urbanization in China, India, the US, the UK, Indonesia, and the Philippines has accelerated infrastructure investments and consequently the demand for related equipment and devices. Furthermore, with the introduction of new development plans and the setting up of projects, the use of construction equipment is growing at a significant rate. In the construction industry, tower cranes and mobile cranes are used on a large scale. The use of tower cranes facilitates in lifting and moving of raw material and objects in the construction of medium- to high-rise buildings. Additionally, mobile cranes are also required on the ground level for the movement of heavy building materials such as cement sacks, bricks, and iron beams. Based on the applied fundamental mechanics and equipped with cables and hoists, they can lift heavy loads well beyond the capacity of a human. Thus, the advantages associated with the use of cranes have increased their demand in the construction industry.

Restraint: High cost of manufacturing and maintenance

The manufacturing of cranes requires metal forging and precise engineering to develop a final product of high quality. Cranes are the combination of a number of components, including hoists, trolley, bridge, columns, and runway. There are cost barriers for small and medium enterprises (SMEs) to enter the crane and hoist market. Besides the initial manufacturing cost of cranes, they also incur maintenance costs over a period of time. There are a number of factors that need to be checked on a regular basis to ensure the smooth functioning of the equipment. These factors include checking of emergency safety switches and interlocks including limiting and indicating devices; lubrication of moving parts; accuracy of load moment indicator (LMI) and rated capacity indicator (RCI) devices with a test lift using a certified test weight; filter and fluid levels and leaks; wear of wheels and tires; signage including warning signs and control markings; and visual inspection and measurements as necessary of structural components and critical parts, including brakes, gears, fasteners, pins, shafts, wire ropes, sheaves, locking devices and electrical contractors.

Opportunity: Large intralogistics center in South-East Asia

The expanding e-commerce industry in South-East Asia is fueling the growth of the warehousing and intralogistics market in the region. The economy of Southeast Asia is growing and is experiencing a sturdy increase in its middle-class population. The region comprises 11 country-level markets at different stages of development; thus, it is quickly becoming an economic center. Based on the data gathered from the International Monetary Fund, the combined GDP of all ASEAN countries is predicted to be USD 4.37 trillion by 2024. The high economic growth of South-East Asia is fueling the growth of the e-commerce and retail markets. Third-party logistics service providers dominate the logistics sector of South-East Asia. With the overall economic growth in this region, 3PL companies are investing in the manufacturing of cranes to meet the demands in docks and warehouses. Thus, the increasing demand in the intralogistics sector of South-East Asia is acting as an opportunity for the players in the crane and hoist market

Challenge: Unavailability of skilled workforce to handle crane operations due to COVID-19

Cranes are large and complex systems, requiring mounting components and harness cables. These systems have to be commissioned with great accuracy right from the phase of installation. A slight miscalculation or inaccuracy may halt the entire production process or lead to devastating accidents. To maintain accuracy, an operator needs to be technically sound with regard to the operation of cranes. Besides installation, cranes and hoists need a technical expert to address any errors, which adds to the cost. Further, with continuously advancing technologies and growing automation, cranes and hoists require software upgrades. This requires periodic workforce training for the efficient handling of the updated systems. Due to the onset of COVID-19, governments have restricted the number of employees that can work in various facilities. This has led to the unavailability of a workforce to perform quality control, inspections, and maintenance operations. As cranes and hoists require technically sound experts to be operated, the current situation has hampered the smooth functioning of these systems.

Mobile cranes segment is projected to register the highest CAGR from 2021 to 2026

The growth of the mobile cranes segment is majorly driven by their features such as high mobility, high traveling speed, and requirement of less time to set them up on construction sites. The use of mobile cranes in the mining, construction, aerospace, shipping & material handling industries has gained popularity, where lifting and lowering activities require extensive displacements of objects, materials, or equipment.

Hybrid operations segment is projected to register the highest CAGR from 2021 to 2026

Hybrid-powered cranes are advanced cranes that use both hydraulic and electric power for the operation. These cranes are more efficient and are used for customized solutions. Hybrid cranes are powered using an electrical supply and diesel generators. Some hybrid cranes are equipped with a large battery energy storage system (ESS) to store electricity. The cranes’ operation is based on the principle of regenerative power. The energy generated while lowering the load is used to charge ESS and supplied as additional power for lifting and hoisting activities. Hybrid cranes are designed to reduce fuel consumption and operating cost.

Construction segment is projected to register the highest CAGR from 2021 to 2026

The construction industry is expected to hold the largest share of the crane market during the forecast period. The construction industry has undergone substantial changes in recent years because of the global recession, which has led to the downsizing of the industry in developed markets. However, the investments regarding construction in most emerging markets have continued to grow at a moderate rate despite the global crisis. Earth-moving equipment is mainly used for construction works such as digging the earth, lifting, loading and unloading weight, and leveling. Applications of cranes in earth-moving equipment include heavy loading, high cycle rating, and accurate movement. The COVID-19 pandemic has affected the global construction industry by delayed projects and decreased investments in the infrastructure sector. With the development of vaccination against COVID-19, the real estate and infrastructure projects across the globe are expected to slowly gain pace and lead to the growth of the construction industry. China has already launched the “New Infrastructure” campaign to offset the economic impact of the COVID-19 pandemic. These factors are expected to result in a high growth rate of the crane market for the construction industry

Crane and Hoist Market by Region

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APAC to lead crane and hoist market in 2020

Asia Pacific is the most rapidly growing market and offers high opportunities for the construction industry, which is driven by the growing population. Construction and material handling industries have boomed rapidly and consequently have driven the market for cranes in India, China, and Australia. The growing awareness related to automation and the increasing emphasis of leading economies such as China and Japan on construction and material handling industries are some of the primary factors contributing to the largest market share of APAC. Besides, the rapid growth of the automotive, construction, and aerospace & defense industries in emerging economies, such as China and India, is also supporting the growth of the crane market in APAC.

Key Market Players

Konecranes (Finland), Liebherr (Germany), Tadano (Japan), Terex (US), Zoomlion (China), Ingersoll Rand (US), Palfinger (Austria), Columbus McKinnon (US), Kito (Japan), Kobelco (Japan), Sumitomo Heavy Industries (Japan), ABUS Kransysteme (Germany) are among a few major players in the crane and hoist market.

Report Objectives:

Report Scope

Report Metric

Details

Years considered to provide market size

2017–2026

Forecast Period

2021–2026

Segments Covered

Type, Operation, Industry, and Geography

Geographies Covered

North America, Europe, APAC, and RoW

 Companies Covered

Konecranes (Finland), Liebherr (Germany), Tadano (Japan), Terex (US), Zoomlion (China), Ingersoll Rand (US), Palfinger (Austria), Columbus McKinnon (US), Kito (Japan), Kobelco (Japan), Sumitomo Heavy Industries (Japan), ABUS Kransysteme (Germany), XCMG (China), Mammoet (The Netherlands), Kato Works (Japan), Altec Industries (US), Verlinde (France), Shanghai Yiying Crane Machinery (China), Nucleon Crane Group (China), Cheng Day Machinery Works (Taiwan), Liugong Machinery (China), Load King (US), Elliot Equipment (US), QMC Building Cranes (US), Broderson Manufacturing (US), Shanghai Zhenhua Heavy Industries (China)

This research report segments the crane and hoist market based on type, operation, industry, and geography.

By Type:

  • Mobile
    • Crawler Cranes
    • Rough Terrain Cranes
    • All-Terrain Cranes
    • Truck Loader Cranes
  • Fixed
    • Industrial Cranes
    • Tower Cranes
    • Ship-to-Shore Cranes

By Operation

  • Hydraulic
  • Electric
  • Hybrid

By Hoist

  • Type
  • Operation
  • Industry
  • Region

By Industry

  • Construction
  • Shipping & Material Handling
  • Automotive & Railway
  • Aerospace & Defense
  • Energy & Power
  • Mining
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Australia
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East and Africa
    • South America

Recent Developments

  • In May 2020, with the introduction of its radically new Konecranes S-series crane, available in the US and Canada in capacities up to 6.3 tons, the global lifting leader shatters old-school stereotypes of overhead crane design. A product of years of research and bristling with innovations, the Konecranes S-series delivers a long list of tangible benefits that are unduplicated in the lifting industry today.
  • In April 2021, Ingersoll Rand completed the majority interest sale of its High-Pressure Solutions (HPS) segment to a private equity firm American Industrial Partners (AIP), effective April 1, 2021. The use of Ingersoll Rand Execution Excellence (IRX) accelerated the timeline to complete the complex transaction and enabled Ingersoll Rand to over-deliver on its commitment to close in the first half of 2021.
  • In March 2021, Konecranes will deliver two ecoefficient Konecranes Gottwald Model 7 Mobile Harbor Cranes to Tincan Island Container Terminal Limited (TICT) in Lagos, Nigeria. The order shows Konecranes’ commitment to helping customers and industries grow and transform so that they run more efficiently, sustainably, and safely.
  • In March 2021, Liebherr launched the MK 73-3.1 mobile construction crane, which is the smallest in Liebherr’s mobile construction crane family and complements the crane series comprising the MK 88-4.1 and MK 140. The compact 3-axle crane is the answer to market demands for a small, compact, and agile mobile construction crane that is fast and flexible in operations.
  • In March 2021, Zoomlion’s Aurora Green Crawler Crane has received a contract to install wind turbines in Vietnam. Zoomlion crawler cranes can be easily taken apart for transportation purposes. Thanks to their flexibility, the powerful Zoomlion cranes can be counted on as the main hoisting equipment for such projects. Multiple wind turbines, which need to be placed 120–150 meters above the ground, were successfully installed in an effective manner, demonstrating the high quality of Zoomlion cranes.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 1 CRANE AND HOIST MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS/SERVICES OF CRANE MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size using bottom-up analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 6 ASSUMPTION FOR RESEARCH STUDY
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS & ASSOCIATED RESULTS

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 7 COVID-19 IMPACT ANALYSIS ON CRANES MARKET
    3.1 REALISTIC SCENARIO
    3.2 PESSIMISTIC SCENARIO
    3.3 OPTIMISTIC SCENARIO
           FIGURE 8 CRANE MARKET TO HOLD LARGER SHARE THAN HOIST MARKET DURING FORECAST PERIOD
           FIGURE 9 MOBILE CRANES SEGMENT ACCOUNTED FOR LARGER SHARE IN 2020
           FIGURE 10 HYDRAULIC OPERATION SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2020
           FIGURE 11 CONSTRUCTION INDUSTRY TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
           FIGURE 12 APAC CRANE MARKET TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN CRANE MARKET
           FIGURE 13 INCREASING DEMAND IN CONSTRUCTION AND SHIPPING & MATERIAL HANDLING INDUSTRIES TO DRIVE GROWTH OF CRANE AND HOIST MARKET
    4.2 CRANE MARKET, BY TYPE
           FIGURE 14 MOBILE CRANES SEGMENT TO ACCOUNT FOR LARGER SHARE OF CRANE MARKET FROM 2021 TO 2026
    4.3 CRANE MARKET, BY OPERATION
           FIGURE 15 HYDRAULIC OPERATION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF CRANE MARKET FROM 2021 TO 2026
    4.4 CRANE MARKET, BY INDUSTRY AND REGION
           FIGURE 16 CONSTRUCTION INDUSTRY AND APAC ACCOUNTED FOR LARGEST SHARES OF CRANE MARKET IN 2020
    4.5 CRANE MARKET, BY GEOGRAPHY
           FIGURE 17 US HELD LARGEST SHARE OF CRANE MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 CRANE AND HOIST MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Significant demand from construction industry
                               FIGURE 19 CONTRIBUTION TO GROWTH IN GLOBAL CONSTRUCTION OUTPUT  2019–2030, BY COUNTRY
                    5.2.1.2 Expanding mining industry
                    5.2.1.3 Increased use in shipping industry
                               TABLE 2 CRANE SPECIFICATIONS AS PER PANAMAX
                               FIGURE 20 DRIVERS OF CRANE AND HOIST MARKET AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Disruption in supply chain due to COVID-19
                    5.2.2.2 High cost of manufacturing and maintenance
                               FIGURE 21 RESTRAINTS OF CRANE AND HOIST MARKET AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for material handling equipment in aerospace & defense industry
                               FIGURE 22 COMPARISON OF NEW AIRCRAFT DELIVERABLES, BY REGION (2019 AND 2039)
                    5.2.3.2 Large intralogistics center in South-East Asia
                    5.2.3.3 Inclusion of smart technologies in cranes
                               FIGURE 23 OPPORTUNITIES FOR CRANES AND HOIST MARKET AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Fluctuating oil & gas prices
                               FIGURE 24 WORLDWIDE CRUDE OIL MONTHLY PRICE, USD/BARREL (2016–2021)
                    5.2.4.2 Unavailability of skilled workforce to handle crane operations due to COVID-19
                               FIGURE 25 CHALLENGES FOR CRANES AND HOIST MARKET AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 26 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM
           FIGURE 27 CRANE AND HOIST MARKET: ECOSYSTEM
           TABLE 3 CRANE AND HOIST MARKET: COMPANY’S ROLE IN ECOSYSTEM
    5.5 YC-YCC SHIFT: CRANE AND HOIST MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 IMPACT OF EACH FORCE ON CRANE AND HOIST MARKET
    5.7 CASE STUDY
           5.7.1 USE CASE 1: R&M MATERIAL HANDLING
           5.7.2 USE CASE 2: DOCK LOADING CRANE WITH BUILT-IN FALL PROTECTION
           5.7.3 USE CASE 3: CUSTOM ADJUS   TABLE LIFTING BEAM FOR 20,000 LB ROTORS
           5.7.4 USE CASE 4: INDIANA MINE
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 PREDICTIVE ANALYTICS
           5.8.2 DIGITAL TWIN MODEL BUILDERS
           5.8.3 5G
    5.9 PRICING ANALYSIS
           TABLE 5 AVERAGE SELLING PRICE OF MOBILE CRANES
           TABLE 6 AVERAGE PRICE BASED ON TYPES OF CRANES
    5.10 TRADE ANALYSIS
            FIGURE 28 IMPORT DATA FOR OVERHEAD TRAVELING CRANES ON FIXED SUPPORT, 2016–2019 (USD MILLION)
            FIGURE 29 EXPORT DATA FOR OVERHEAD TRAVELING CRANES ON FIXED SUPPORT, 2016–2019 (USD MILLION)
            TABLE 7 IMPORT OF OVERHEAD TRAVELING CRANES ON FIXED SUPPORT, BY REGION,  2016–2019 (USD MILLION)
    5.11 PATENT ANALYSIS
            FIGURE 30 PATENT ANALYSIS RELATED TO CRANE AND HOIST MARKET FROM  2015 TO 2021
            FIGURE 31 TOP COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS
            TABLE 8 TOP PATENT OWNERS (US) IN LAST 10 YEARS
    5.12 REGULATORY LANDSCAPE
           5.12.1 REGULATIONS
           5.12.2 CERTIFICATIONS

6 CRANE MARKET, BY TYPE (Page No. - 73)
    6.1 INTRODUCTION
           FIGURE 32 MOBILE CRANES SEGMENT TO DOMINATE CRANE AND HOIST MARKET DURING FORECAST PERIOD
           TABLE 9 CRANE MARKET, BY TYPE, 2017–2020 (USD BILLION)
           TABLE 10 CRANE MARKET, BY TYPE, 2021–2026 (USD BILLION)
    6.2 MOBILE CRANES
           6.2.1 MOBILE CRANES MARKET TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
           6.2.2 BOOM TYPE
                    6.2.2.1 Lattice boom type
                    6.2.2.2 Telescopic boom type
           6.2.3 CRAWLER CRANES
           6.2.4 ROUGH TERRAIN CRANES
           6.2.5 ALL-TERRAIN CRANES
           6.2.6 TRUCK LOADER CRANES
                    FIGURE 33 CRAWLER CRANES TO DOMINATE MOBILE CRANES MARKET DURING  FORECAST PERIOD
                    TABLE 11 MOBILE CRANE MARKET, BY TYPE, 2017–2020 (USD BILLION)
                    TABLE 12 MOBILE CRANE MARKET, BY TYPE, 2021–2026 (USD BILLION)
                    TABLE 13 MOBILE CRANE MARKET, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 14 MOBILE CRANE MARKET, BY REGION, 2021–2026 (USD BILLION)
                    TABLE 15 MOBILE CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 16 MOBILE CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 17 MOBILE CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 18 MOBILE CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
                    FIGURE 34 APAC TO DOMINATE MOBILE CRANE MARKET FOR CONSTRUCTION INDUSTRY DURING FORECAST PERIOD
                    TABLE 19 MOBILE CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY REGION,  2017–2020 (USD BILLION)
                    TABLE 20 MOBILE CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY REGION,  2021–2026 (USD BILLION)
                    TABLE 21 MOBILE CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 22 MOBILE CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 23 MOBILE CRANE MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 24 MOBILE CRANE MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 35 APAC TO DOMINATE MOBILE CRANE MARKET FOR ENERGY & POWER INDUSTRY DURING FORECAST PERIOD
                    TABLE 25 MOBILE CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 26 MOBILE CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 27 MOBILE CRANE MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 28 MOBILE CRANE MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 29 MOBILE CRANE MARKET, BY INDUSTRY, 2017–2020 (USD BILLION)
                    TABLE 30 MOBILE CRANE MARKET, BY INDUSTRY, 2021–2026 (USD BILLION)
    6.3 FIXED CRANES
           6.3.1 FIXED CRANES MARKET TO WITNESS HIGH GROWTH RATE IN SHIPPING & MATERIAL HANDLING INDUSTRY
           6.3.2 INDUSTRIAL CRANES
           6.3.3 TOWER CRANES
           6.3.4 SHIP-TO-SHORE CRANES
                    FIGURE 36 INDUSTRIAL CRANES TO DOMINATE FIXED CRANES MARKET DURING  FORECAST PERIOD
                    TABLE 31 FIXED CRANE MARKET, BY TYPE, 2017–2020 (USD BILLION)
                    TABLE 32 FIXED CRANE MARKET, BY TYPE, 2021–2026 (USD BILLION)
                    TABLE 33 FIXED CRANE MARKET, BY REGION, 2017–2020 (USD BILLION)
                    TABLE 34 FIXED CRANE MARKET, BY REGION, 2021–2026 (USD BILLION)
                    TABLE 35 FIXED CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 36 FIXED CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 37 FIXED CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 38 FIXED CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
                    FIGURE 37 APAC TO DOMINATE FIXED CRANES MARKET FOR CONSTRUCTION INDUSTRY DURING FORECAST PERIOD
                    TABLE 39 FIXED CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 40 FIXED CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 41 FIXED CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 42 MOBILE CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY REGION, 2021–2026 (USD BILLION)
                    TABLE 43 FIXED CRANE MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 44 FIXED CRANE MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 45 FIXED CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 46 MOBILE CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 47 FIXED CRANE MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 48 FIXED CRANE MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
                    FIGURE 38 SHIPPING & MATERIAL HANDLING INDUSTRY TO DOMINATE FIXED CRANE MARKET DURING FORECAST PERIOD
                    TABLE 49 FIXED CRANE MARKET, BY INDUSTRY, 2017–2020 (USD BILLION)
                    TABLE 50 FIXED CRANE MARKET, BY INDUSTRY, 2021–2026 (USD BILLION)

7 CRANE MARKET, BY OPERATION (Page No. - 95)
    7.1 INTRODUCTION
           FIGURE 39 HYDRAULIC OPERATIONS TO DOMINATE CRANE MARKET DURING FORECAST PERIOD
           TABLE 51 CRANES MARKET, BY OPERATION, 2017–2020 (USD BILLION)
           TABLE 52 CRANES MARKET, BY OPERATION, 2021–2026 (USD BILLION)
    7.2 HYDRAULIC
           7.2.1 HYDRAULIC OPERATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    7.3 ELECTRIC
           7.3.1 GROWING USE OF ELECTRIC OPERATION IN A CRANE FOR LOW LIFTING CAPACITY TO FUEL MARKET GROWTH
    7.4 HYBRID
           7.4.1 HYBRID OPERATION SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD

8 MOBILE CRANE MARKET IN NORTH AMERICA, BY LIFTING CAPACITY (Page No. - 99)
    8.1 INTRODUCTION
           TABLE 53 ROUGH TERRAIN CRANE MARKET IN NORTH AMERICA, BY LIFTING CAPACITY,  2020–2026 (UNITS)
           TABLE 54 ALL-TERRAIN CRANE MARKET IN NORTH AMERICA, BY LIFTING CAPACITY,  2020–2026 (UNITS)
    8.2 0–66 MT
    8.3 66–81 MT
    8.4 81–111 MT
    8.5 111+ MT

9 HOIST MARKET (Page No. - 101)
    9.1 BY TYPE
           9.1.1 WIRE ROPE TYPE TO HOLD LARGEST SHARE OF HOIST MARKET DURING FORECAST PERIOD
                    FIGURE 40 WIRE ROPE SEGMENT TO DOMINATE HOIST MARKET DURING FORECAST PERIOD
                    TABLE 55 HOIST MARKET, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 56 HOIST MARKET, BY TYPE, 2021–2026 (USD MILLION)
           9.1.2 WELDED LINK LOAD CHAIN
           9.1.3 WIRE ROPE
           9.1.4 ROLLER LOAD CHAIN
           9.1.5 OTHERS
    9.2 BY OPERATION
           9.2.1 ELECTRIC OPERATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 57 HOIST MARKET, BY OPERATION, 2017–2020 (USD MILLION)
                    TABLE 58 HOIST MARKET, BY OPERATION, 2021–2026 (USD MILLION)
           9.2.2 PNEUMATIC
           9.2.3 ELECTRIC
           9.2.4 HYDRAULIC
    9.3 BY INDUSTRY
           9.3.1 SHIPPING & MATERIAL HANDLING INDUSTRY TO HOLD LARGEST SHARE OF HOIST MARKET DURING FORECAST PERIOD
                    FIGURE 41 SHIPPING & MATERIAL HANDLING INDUSTRY TO DOMINATE HOIST MARKET DURING FORECAST PERIOD
                    TABLE 59 HOIST MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 60 HOIST MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
    9.4 BY REGION
           9.4.1 APAC TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 61 HOIST MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 62 HOIST MARKET, BY REGION, 2021–2026 (USD MILLION)

10 CRANE MARKET, BY INDUSTRY (Page No. - 109)
     10.1 INTRODUCTION
             FIGURE 42 CONSTRUCTION INDUSTRY TO DOMINATE CRANE MARKET DURING FORECAST PERIOD
             TABLE 63 CRANE MARKET, BY INDUSTRY, 2017–2020 (USD BILLION)
             TABLE 64 CRANE MARKET, BY INDUSTRY, 2021–2026 (USD BILLION)
     10.2 CONSTRUCTION
             10.2.1 CONSTRUCTION INDUSTRY TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                       TABLE 65 CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 66 CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY TYPE, 2021–2026 (USD BILLION)
                       TABLE 67 CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD BILLION)
                       TABLE 68 CRANE MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD BILLION)
     10.3 AEROSPACE & DEFENSE
             10.3.1 AEROSPACE AND DEFENCE MARKET FOR CRANES IN NORTH AMERICA TO HOLD LARGEST SHARE DURING FORECAST PERIOD
                       FIGURE 43 MOBILE CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY TO DOMINATE CRANE MARKET DURING FORECAST PERIOD
                       TABLE 69 CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 70 CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY TYPE, 2021–2026 (USD BILLION)
                       TABLE 71 CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION,  2017–2020 (USD MILLION)
                       TABLE 72 CRANE MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION,  2021–2026 (USD MILLION)
     10.4 SHIPPING & MATERIAL HANDLING
             10.4.1 EXPANDING MANUFACTURING AND RETAIL INDUSTRIES TO DRIVE GROWTH OF SEGMENT
                       TABLE 73 CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY TYPE,  2017–2020 (USD BILLION)
                       TABLE 74 CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY TYPE,  2021–2026 (USD BILLION)
                       FIGURE 44 SHIPPING & MATERIAL HANDLING INDUSTRY IN APAC TO DOMINATE CRANE MARKET DURING FORECAST PERIOD
                       TABLE 75 CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY REGION,  2017–2020 (USD BILLION)
                       TABLE 76 CRANE MARKET FOR SHIPPING & MATERIAL HANDLING INDUSTRY, BY REGION,  2021–2026 (USD BILLION)
     10.5 MINING
             10.5.1 INCREASING EXPLORATION ACTIVITIES IN APAC TO FUEL DEMAND FOR CRANES IN MINING INDUSTRY
                       TABLE 77 CRANE MARKET FOR MINING INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 78 CRANE MARKET FOR MINING INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 79 CRANE MARKET FOR MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 80 CRANE MARKET FOR MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.6 AUTOMOTIVE & RAILWAY
             10.6.1 FLOURISHING AUTOMOTIVE & RAILWAY INDUSTRY IN APAC REGION TO BOOST DEMAND FOR CRANES
                       TABLE 81 CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 82 CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY TYPE, 2021–2026 (USD BILLION)
                       FIGURE 45 AUTOMOTIVE & RAILWAY INDUSTRY IN APAC TO DOMINATE CRANE MARKET DURING FORECAST PERIOD
                       TABLE 83 CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY REGION,  2017–2020 (USD BILLION)
                       TABLE 84 CRANE MARKET FOR AUTOMOTIVE & RAILWAY INDUSTRY, BY REGION,  2021–2026 (USD BILLION)
     10.7 ENERGY & POWER
             10.7.1 GROWING AWARENESS REGARDING RENEWABLE ENERGY GENERATION TO DRIVE DEMAND FOR CRANES
                       TABLE 85 CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2017–2020 (USD BILLION)
                       TABLE 86 CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2021–2026 (USD BILLION)
                       FIGURE 46 ENERGY & POWER INDUSTRY IN APAC TO DOMINATE CRANE MARKET DURING FORECAST PERIOD
                       TABLE 87 CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 88 CRANE MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
     10.8 OTHERS
             TABLE 89 CRANE MARKET FOR OTHERS, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 90 CRANE MARKET FOR OTHERS, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 91 CRANE MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 92 CRANE MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

11 CRANE MARKET, BY REGION (Page No. - 126)
     11.1 INTRODUCTION
             FIGURE 47 CRANE MARKET IN INDIA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
             TABLE 93 CRANE MARKET, BY REGION, 2017–2020 (USD BILLION)
             TABLE 94 CRANE MARKET, BY REGION, 2021–2026 (USD BILLION)
     11.2 NORTH AMERICA
             FIGURE 48 NORTH AMERICA: CRANE MARKET SNAPSHOT
             11.2.1 US
                        11.2.1.1 US to hold largest share of crane market in North America
             11.2.2 CANADA
                        11.2.2.1 Increasing implementation of cranes and hoists in energy & power industry to drive market growth
             11.2.3 MEXICO
                        11.2.3.1 Growing market for renewables in Mexico to boost market growth
                                    TABLE 95 CRANE MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
                                    TABLE 96 CRANE MARKETIN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
                                    TABLE 97 CRANE MARKET IN NORTH AMERICA, BY MOBILE TYPE, 2017–2020 (USD MILLION)
                                    TABLE 98 CRANE MARKETIN NORTH AMERICA, BY MOBILE TYPE, 2021–2026 (USD MILLION)
                                    TABLE 99 CRANE MARKET IN NORTH AMERICA, BY FIXED TYPE, 2017–2020 (USD MILLION)
                                    TABLE 100 CRANE MARKETIN NORTH AMERICA, BY FIXED TYPE, 2021–2026 (USD MILLION)
                                    TABLE 101 CRANE MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)
                                    TABLE 102 CRANE MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (USD MILLION)
                                    TABLE 103 CRANE MARKET IN NORTH AMERICA, BY CRANE TYPE, 2017–2020 (USD BILLION)
                                    TABLE 104 CRANE MARKETIN NORTH AMERICA, BY CRANE TYPE, 2021–2026 (USD BILLION)
     11.3 EUROPE
             FIGURE 49 EUROPE: CRANE AND HOIST MARKET SNAPSHOT
             11.3.1 GERMANY
                        11.3.1.1 Germany is projected to account for largest share of crane market in Europe from 2021 to 2026
             11.3.2 UK
                        11.3.2.1 Expanding shipping industry to drive market growth in UK
             11.3.3 FRANCE
                        11.3.3.1 Flourishing automotive industry to contribute to growth of crane market
             11.3.4 REST OF EUROPE (ROE)
                       TABLE 105 CRANE MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION)
                       TABLE 106 CRANE MARKETIN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
                       TABLE 107 CRANE MARKET IN EUROPE, BY MOBILE TYPE, 2017–2020 (USD MILLION)
                       TABLE 108 CRANE MARKET IN EUROPE, BY MOBILE TYPE, 2021–2026 (USD MILLION)
                       TABLE 109 CRANE MARKET IN EUROPE, BY FIXED TYPE, 2017–2020 (USD MILLION)
                       TABLE 110 CRANE MARKETIN EUROPE, BY FIXED TYPE, 2021–2026 (USD MILLION)
                       TABLE 111 CRANE MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 112 CRANE MARKETIN EUROPE, BY INDUSTRY, 2021–2026 (USD MILLION)
                       TABLE 113 CRANE MARKET IN EUROPE, BY CRANE TYPE, 2017–2020 (USD BILLION)
                       TABLE 114 CRANE MARKETIN EUROPE, BY CRANE TYPE, 2021–2026 (USD BILLION)
     11.4 APAC
             FIGURE 50 APAC: CRANE MARKET SNAPSHOT
             11.4.1 CHINA
                        11.4.1.1 China to hold largest share of crane market in APAC from 2021 to 2026
             11.4.2 AUSTRALIA
                        11.4.2.1 Expanding mining industry to fuel demand for cranes
             11.4.3 JAPAN
                        11.4.3.1 Growing adoption of cranes in shipping & material handling industry to fuel market growth
             11.4.4 INDIA
                        11.4.4.1 Increasing construction projects in India to drive market growth for cranes and hoists
             11.4.5 REST OF APAC (ROAPAC)
                       TABLE 115 CRANE MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION)
                       TABLE 116 CRANE MARKETIN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
                       TABLE 117 CRANE MARKET IN APAC, BY MOBILE TYPE, 2017–2020 (USD MILLION)
                       TABLE 118 CRANE MARKETIN APAC, BY MOBILE TYPE, 2021–2026 (USD MILLION)
                       TABLE 119 CRANE MARKET IN APAC, BY FIXED TYPE, 2017–2020 (USD BILLION)
                       TABLE 120 CRANE MARKET IN APAC, BY FIXED TYPE, 2021–2026 (USD BILLION)
                       TABLE 121 CRANE MARKET IN APAC, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 122 CRANE MARKETIN APAC, BY INDUSTRY, 2021–2026 (USD MILLION)
                       TABLE 123 CRANE MARKET IN APAC, BY CRANE TYPE, 2017–2020 (USD BILLION)
                       TABLE 124 CRANE MARKETIN APAC, BY CRANE TYPE, 2021–2026 (USD BILLION)
     11.5 REST OF THE WORLD (ROW)
             FIGURE 51 ROW: CRANE AND HOIST MARKET SNAPSHOT
             11.5.1 MIDDLE EAST & AFRICA
                        11.5.1.1 Increasing investments in energy & power industry to fuel market growth
             11.5.2 SOUTH AMERICA
                        11.5.2.1 South America is expected to grow at slower pace compared to other regions in RoW
                                    TABLE 125 CRANE MARKET IN ROW, BY REGION, 2017–2020 (USD BILLION)
                                    TABLE 126 CRANE MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION)
                                    TABLE 127 CRANE MARKET IN ROW, BY MOBILE TYPE, 2017–2020 (USD MILLION)
                                    TABLE 128 CRANE MARKETIN ROW, BY MOBILE TYPE, 2021–2026 (USD MILLION)
                                    TABLE 129 CRANE MARKET IN ROW, BY FIXED TYPE, 2017–2020 (USD MILLION)
                                    TABLE 130 CRANE MARKET IN APAC, BY FIXED TYPE, 2021–2026 (USD MILLION)
                                    TABLE 131 CRANE MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)
                                    TABLE 132 CRANE MARKETIN ROW, BY INDUSTRY, 2021–2026 (USD MILLION)
                                    TABLE 133 CRANE MARKET IN ROW, BY CRANE TYPE, 2017–2020 (USD BILLION)
                                    TABLE 134 CRANE MARKETIN ROW, BY CRANE TYPE, 2021–2026 (USD BILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 152)
     12.1 INTRODUCTION
             12.1.1 TOP 5 COMPANY REVENUE ANALYSIS
                       FIGURE 52 TOP PLAYERS DOMINATING MARKET IN 5 YEARS
     12.2 MARKET SHARE ANALYSIS OF PLAYERS, 2020
             TABLE 135 CRANE AND HOIST MARKET: COMPETITIVE
     12.3 COMPETITIVE EVALUATION QUADRANT
             12.3.1 STAR
             12.3.2 EMERGING LEADER
             12.3.3 PERVASIVE
             12.3.4 PARTICIPANT
                       FIGURE 53 CRANE AND HOIST MARKET (GLOBAL) COMPETITIVE LEADERSHIP  MAPPING, 2020 155
     12.4 STARTUP/SME EVALUATION QUADRANT
             12.4.1 PROGRESSIVE COMPANY
             12.4.2 RESPONSIVE COMPANY
             12.4.3 DYNAMIC COMPANY
             12.4.4 STARTING BLOCK
                       FIGURE 54 STARTUP/SME EVALUATION MATRIX
                       TABLE 136 COMPANY INDUSTRY FOOTPRINT
                       TABLE 137 COMPANY REGION FOOTPRINT
                       TABLE 138 COMPANY FOOTPRINT
     12.5 COMPETITIVE SITUATIONS AND TRENDS
             12.5.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 139 CRANE AND HOIST MARKET: PRODUCT LAUNCHES, JANUARY 2018 – JANUARY 2021
             12.5.2 DEALS
                       TABLE 140 CRANE AND HOIST MARKET: DEALS, JANUARY 2018–JANUARY 2021
             12.5.3 OTHERS
                       TABLE 141 CRANE AND HOIST MARKET: OTHERS, JANUARY 2018–JANUARY 2021

13 COMPANY PROFILES (Page No. - 165)
     13.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
             13.1.1 KONECRANES
                       TABLE 142 KONECRANES: BUSINESS OVERVIEW
                       FIGURE 55 KONECRANES: COMPANY SNAPSHOT
             13.1.2 LIEBHERR
                       TABLE 143 LIEBHERR: BUSINESS OVERVIEW
                       FIGURE 56 LIEBHERR: COMPANY SNAPSHOT
             13.1.3 TADANO
                       TABLE 144 TADANO: BUSINESS OVERVIEW
                       FIGURE 57 TADANO: COMPANY SNAPSHOT
             13.1.4 TEREX
                       TABLE 145 TEREX: BUSINESS OVERVIEW
                       FIGURE 58 TEREX: COMPANY SNAPSHOT
             13.1.5 ZOOMLION
                       TABLE 146 ZOOMLION: BUSINESS OVERVIEW
                       FIGURE 59 ZOOMLION: COMPANY SNAPSHOT
             13.1.6 INGERSOLL RAND
                       TABLE 147 INGERSOLL RAND: BUSINESS OVERVIEW
             13.1.7 PALFINGER
                       TABLE 148 PALFINGER: BUSINESS OVERVIEW
                       FIGURE 60 PALFINGER: COMPANY SNAPSHOT
             13.1.8 COLUMBUS MCKINNON
                       TABLE 149 COLUMBUS MCKINNON: BUSINESS OVERVIEW
                       FIGURE 61 COLUMBUS MCKINNON: COMPANY SNAPSHOT
             13.1.9 KITO
                       TABLE 150 KITO: BUSINESS OVERVIEW
                       FIGURE 62 KITO: COMPANY SNAPSHOT
             13.1.10 KOBELCO
                        TABLE 151 KOBELCO: BUSINESS OVERVIEW
                        FIGURE 63 KOBELCO: COMPANY SNAPSHOT
             13.1.11 SUMITOMO HEAVY INDUSTRIES
                        TABLE 152 SUMITOMO HEAVY INDUSTRIES: BUSINESS OVERVIEW
                        FIGURE 64 SUMITOMO HEAVY INDUSTRIES: COMPANY SNAPSHOT
             13.1.12 ABUS KRANSYSTEME
                       TABLE 153 ABUS KRANSYSTEME: BUSINESS OVERVIEW
     13.2 OTHER KEY PLAYERS
             13.2.1 XCMG
             13.2.2 MAMMOET
             13.2.3 KATO WORKS
             13.2.4 ALTEC INDUSTRIES
             13.2.5 VERLINDE
             13.2.6 SHANGHAI YIYING CRANE MACHINERY
             13.2.7 NUCLEON CRANE GROUP
             13.2.8 CHENG DAY MACHINERY WORKS
             13.2.9 LIUGONG MACHINERY
             13.2.10 LOAD KING
             13.2.11 ELLIOT EQUIPMENT
             13.2.12 QMC BUILDING CRANES
             13.2.13 BRODERSON MANUFACTURING
             13.2.14 SHANGHAI ZHENHUA HEAVY INDUSTRIES COMPANY (ZPMC)

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKET (Page No. - 214)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 HYDRAULICS MARKET
             14.3.1 DEFINITION
             14.3.2 MARKET OVERVIEW
             14.3.3 HYDRAULICS MARKET, BY REGION
                       TABLE 154 HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 155 HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION)
                        14.3.3.1 North America
                                    TABLE 156 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                                    TABLE 157 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                                    TABLE 158 HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT, 2016–2019 (USD MILLION)
                                    TABLE 159 HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
                                    TABLE 160 HYDRAULICS MARKET IN NORTH AMERICA, BY END USER, 2016–2019 (USD MILLION)
                                    TABLE 161 HYDRAULICS MARKET IN NORTH AMERICA, BY END USER, 2020–2025 (USD MILLION)
                                    TABLE 162 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE, 2016–2019 (USD MILLION)
                                    TABLE 163 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE, 2020–2025 (USD MILLION)
                        14.3.3.2 Europe
                                    TABLE 164 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                                    TABLE 165 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                                    TABLE 166 HYDRAULICS MARKET IN EUROPE, BY COMPONENT, 2016–2019 (USD MILLION)
                                    TABLE 167 HYDRAULICS MARKET IN EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
                                    TABLE 168 HYDRAULICS MARKET IN EUROPE, BY END USER, 2016–2019 (USD MILLION)
                                    TABLE 169 HYDRAULICS MARKET IN EUROPE, BY END USER, 2020–2025 (USD MILLION)
                                    TABLE 170 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2016–2019 (USD MILLION)
                                    TABLE 171 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION)
                        14.3.3.3 APAC
                                    TABLE 172 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                                    TABLE 173 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                                    TABLE 174 HYDRAULICS MARKET IN APAC, BY COMPONENT, 2016–2019 (USD MILLION)
                                    TABLE 175 HYDRAULICS MARKET IN APAC, BY COMPONENT, 2020–2025 (USD MILLION)
                                    TABLE 176 HYDRAULICS MARKET IN APAC, BY END USER, 2016–2019 (USD MILLION)
                                    TABLE 177 HYDRAULICS MARKET IN APAC, BY END USER, 2020–2025 (USD MILLION)
                                    TABLE 178 HYDRAULICS MARKET IN APAC, BY TYPE, 2016–2019 (USD MILLION)
                                    TABLE 179 HYDRAULICS MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)
                        14.3.3.4 Rest of the World
                                    TABLE 180 HYDRAULICS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
                                    TABLE 181 HYDRAULICS MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
                                    TABLE 182 HYDRAULICS MARKET IN ROW, BY COMPONENT, 2016–2019 (USD MILLION)
                                    TABLE 183 HYDRAULICS MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION)
                                    TABLE 184 HYDRAULICS MARKET IN ROW, BY END USER, 2016–2019 (USD MILLION)
                                    TABLE 185 HYDRAULICS MARKET IN ROW, BY END USER, 2020–2025 (USD MILLION)
                                    TABLE 186 HYDRAULICS MARKET IN ROW, BY TYPE, 2016–2019 (USD MILLION)
                                    TABLE 187 HYDRAULICS MARKET IN ROW, BY TYPE, 2020–2025 (USD MILLION)

15 APPENDIX (Page No. - 229)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

This study involved four major activities in estimating the size of the crane and hoist market. Exhaustive secondary research has been conducted to collect information on the crane and hoist market. In the next step, these findings, assumptions, and sizing have been validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches have been employed to estimate the complete market size. Following that, the market breakdown and data triangulation methods have been used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for the crane and hoist market study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, transformer associations (such as Industrial Supply Association (ISA), Associated Wire Rope Fabricators (AWRF), Specialty Carriers and Riggers Association (SCRA), Crane Manufacturers Association of America (CMAA), Electrification & Controls Manufacturers Association (ECMA), and certified publications; articles from recognized authors; directories; and databases.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts, such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the crane and hoist market. Following is the breakdown of primary respondents:

Crane and Hoist Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the overall crane and hoist market and the market based on segments. The research methodology used to estimate the market size has been given below:

  • Key players expected operating in the crane and hoist market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall expected crane and hoist market size—using the estimation processes explained above—the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the crane and hoist market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the crane and hoist market report.

Company Information

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