Crane and Hoist Market

Crane and Hoist Market by Crane Type (Mobile Crane, Fixed Crane), Hoist Type (Wire Rope, Roller Load Chain, Welded Link Load Chain), Crane Operation (Hydraulic, Electric, Hybrid), Hoist Operation, Industry, Geography - Global Forecast to 2023

Report Code: SE 5842 Dec, 2017, by marketsandmarkets.com

[163 Pages Report] The cranes market was valued at USD 31.58 Billion in 2016 and is expected to reach USD 44.70 Billion by 2023, at a CAGR of 5.22% between 2017 and 2023. The hoists market was valued at USD 1.73 Billion in 2016 and is expected to reach USD 2.65 Billion by 2023, at a CAGR of 6.41% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023.

The growth in new and retrofit infrastructure after the recession has boosted the construction industry heavily. With new development plans and projects, the use of construction equipment is also growing. In the construction industry, cranes are widely used owing to their strength, performance, and reliability. Along with tower cranes, crawler and truck-mounted cranes also play a major role in lifting and lowering of construction material in construction sites. Crawler, rough-terrain, and all-terrain cranes are also used in construction sites for lifting prefabricated steel structures for different kinds of residential and nonresidential buildings. The mining industry has led the hoist market with a substantial growth rate and is expected to drive the hoists market growth during the projected years. Mine hoists are responsible for conveying, maneuvering, and transporting ore materials through mine shaft and among machinery parts. A mine hoist comes in various shapes and sizes. Commonly, a single machine is deployed to operate several mine hoists.

The objective of the report is to provide a detailed analysis of the crane and hoist market based on type, operations, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the crane and hoist market. The report also gives a detailed overview of the value chain in the crane and hoist market and analyzes the market trends.

The research methodology used to estimate and forecast the crane and hoist market begins with capturing data on key vendor revenue through secondary sources such as ISA (Industrial Supply Association), AWRF (Associated Wire Rope Fabricators), SCRA (Specialty Carriers and Riggers Association), MHI (Material Handling Institute), HMI (Hoist Manufacturers Institute), CMAA (Crane Manufacturers Association of America), ECMA (Electrification & Controls Manufacturers Association), press releases, investor relation presentations, and annual reports. The vendor offerings are also considered to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global crane and hoist market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure:

Crane and Hoist Market

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

The crane and hoist market comprises component manufacturers, assemblers, and distributors. The players involved in the development of crane and hoist include Konecranes (Finland), Cargotec (Finland), Manitowoc (US), Terex (US), Tadano (Japan), Liebherr (Switzerland), Ingersoll Rand (Ireland), Mammoet (Netherlands), ZPMC (China), Kito (Japan), XCMG (China), Zoomlion (China), and Columbus McKinnon (US)

Target Audience of the Report:

  • Distributors of crane and hoist
  • Government bodies, venture capitalists, and private equity firms
  • Manufacturers of hydraulic pumps, chains, pulleys, motors, and power units
  • Crane and hoist designers and manufacturers
  • Process industries and power industry associations
  • Research organizations and consulting companies
  • System integrators
  • Technology consultants
  • Value-added resellers

“This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–6 years for prioritizing efforts and investments.”

Scope of the Report:

This research report categorizes the overall cranes market on the basis of function, specification, application, bore size, industry, and geography.

Crane Market, by Type

  • Mobile Cranes
  • Fixed Cranes

Crane Market, by Operation

  • Tie Rod
  • Welded
  • Telescopic
  • Mill Type

Crane Market, by Industry

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

Crane Market, by Geography

  • North America (US, Canada, Mexico)
  • South America (Chile, Brazil, Argentina, Peru)
  • Europe (Germany, France, UK, Netherlands, Rest of Europe)
  • APAC (Japan, China, India, Australia, Rest of APAC)
  • RoW (Middle East and Africa)

Hoist Market, by Type

  • Wire Rope
  • Roller load Chain
  • Welded Link Load Chain
  • Others

Hoist Market, by Operation

  • Tie Pneumatic (Air) Power
  • Electric Power
  • Hydraulic power

Hoist Market, by Industry

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

Hoist Market, by Geography

  • North America (US, Canada, Mexico)
  • South America (Chile, Brazil, Argentina, Peru)
  • Europe (Germany, France, UK, Netherlands, Rest of Europe)
  • APAC (Japan, China, India, Australia, Rest of APAC)
  • RoW (Middle East and Africa)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to 5)

Market segmentation:

Detailed analysis of cranes market on the basis of their design

The cranes market is expected to be valued at USD 32.93 Billion in 2017 and is projected to reach USD 44.70 Billion by 2023, at a CAGR of 5.22% between 2017 and 2023. The hoists market is expected to be valued at 1.82 USD Billion in 2017 and is projected to reach USD 2.65 Billion by 2023, at a CAGR of 6.41% between 2017 and 2023. The growth of the crane and hoist market is propelled by the increasing demand for construction machinery in the construction industry and in the mining industry for ore extraction. The increasing demand for lifting loads in the shipping industry and for material handling equipment in the aerospace & defense industry is a key opportunity for the players in the crane and hoist market. The crane and hoist market has been segmented on the basis of type, operations, industry, and geography.

The cranes market for hydraulic cranes by operations held the largest market share in 2016. Hydraulic cranes are widely used for hoisting and moving heavy materials in shipyards, warehouses, and industrial workshops. Moreover, hydraulic cranes are used in transport, manufacturing, and construction industries. The retraction length of hydraulic cylinders is 20–40% of the fully extended length.

Crane and Hoist Market

The cranes market in Asia Pacific held the largest market share in 2016. Asia Pacific being the most rapidly growing market offers a huge opportunity for agricultural equipment manufacturers owing to the enormous development in the farm machinery segment. This is driven by the increased demand for the mechanization of farms to address the needs of the growing population. Several governments provide support to increase the productivity in the agriculture sector through the automation of farming methods. India and China are the major markets for cranes in Asia Pacific. Moreover, the rapid development of industries such as construction, agriculture, infrastructure, and mining drives the market for cranes in India and Australia.

The market for wire rope hoists held the largest market share in 2016. Wire rope medium changes according to the load capacity of the hoists, and these hoists are powered electrically or pneumatically, and are mounted overhead on the bridge beam with the help of a trolley. Wire ropes are widely used in the production environment because they offer fast lifting time. They are normally used to lift objects weighing below 10 tons.

Crane and Hoist Market

In the hoists market, Asia Pacific held the largest market share in 2016. The need for increasing the production output without compromising on quality standards has affected the manufacturing sector in China. Manufacturers and suppliers are facing challenges in terms of the increasing labor cost and higher lead time caused by manual processes. Hence, companies are automating their processes, thereby driving the hoists market in China.

The major restraint for the crane and hoist market is the lack of skilled manpower to operate crane and hoist. The demand for skilled technicians has been on the rise for years. However, most industries face a shortage of qualified engineers and maintenance staff to properly support and maintain equipment. The use of a large number of components in a crane necessitates the requirement for highly skilled labors to mount components and harness cables and operate different crane and hoist to lift and lower different weights.

Top companies such as Konecranes (Finland), Cargotec (Finland), Terex (US), Tadano (Japan), Liebherr (Switzerland), Manitowoc (US), Ingersoll Rand (Ireland), Mammoet (Netherlands), ZPMC (China), Kito (Japan), XCMG (China), Zoomlion (China), and Columbus McKinnon (US) are adopting the strategy of product launches for improving their position in the crane and hoist market by either expanding their existing portfolio or adding new offerings.

In January 2017, Columbus McKinnon has acquired STAHL Crane Systems (Germany), a manufacturer of explosion-protected hoists and crane components. This acquisition allows the company to focus on its growth in non-US markets and to expand its market in Europe. Columbus McKinnon has also acquired Magnetek (US), a leading designer and manufacturer of digital power and motion control solutions for material handling, elevator, and mining applications.

Liebherr has adopted the organic growth strategy to grow in the industrial lifting equipment market. The company launched several new products between FY2015 and FY 2016. The company focuses on innovation and new technologies; the company has invested USD 600.5 Million, 6.33% of its total revenue in R&D. In 2005, Liebherr has acquired the Shriro tower crane division from the Shriro group in Hong Kong. With this acquisition, Liebherr-Singapore became responsible for the Liebherr tower crane business throughout Asia.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources (Cranes)
                    2.1.2.2 Key Data From Primary Sources (Hoists)
    2.2 Secondary and Primary Research
                    2.2.1.1 Key Industry Insights
                    2.2.1.2 Breakdown of Primaries
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights–Cranes and Hoists Market (Page No. - 36)
    4.1 Lucrative Opportunities in Cranes Market
    4.2 Lucrative Opportunities in Hoists Market
    4.3 Cranes Market for Aerospace & Defense Industry, By Region
    4.4 Hoists Market, By Industry
    4.5 Mobile Cranes Market, By Type
    4.6 Cranes Market in North America, By Industry and Country
    4.7 Cranes Market, By Geography
    4.8 Hoists Market, By Geography

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Lifting Loads in the Shipping Industry
                    5.2.1.2 Rising Demand for Ore Extraction and Handling Equipment in the Mining Industry
           5.2.2 Opportunities
                    5.2.2.1 Increasing Demand for Material Handling Equipment in Aerospace & Defense Industry
                    5.2.2.2 Rising Demand in the Construction Industry
           5.2.3 Challenges
                    5.2.3.1 Declining Prices of Oil and Gas
                    5.2.3.2 Lack of Skilled Manpower to Operate Cranes and Hoist
    5.3 Value Chain Analysis

6 Cranes Market, By Type (Page No. - 50)
    6.1 Introduction
    6.2 Mobile Cranes
           6.2.1 Crawler Cranes
           6.2.2 Rough Terrain Cranes
           6.2.3 All-Terrain Cranes
           6.2.4 Truck Loader Cranes
           6.2.5 Ship Cranes
           6.2.6 Mobile Harbor Cranes
           6.2.7 Automatic Stacking Cranes
    6.3 Fixed Cranes
           6.3.1 Industrial Cranes
           6.3.2 Tower Cranes
           6.3.3 Ship-To-Shore Cranes
           6.3.4 Gantry Cranes

7 Cranes Market, By Operations (Page No. - 69)
    7.1 Introduction
    7.2 Hydraulic
    7.3 Electric
    7.4 Hybrid

8 Cranes Market, By Industry (Page No. - 72)
    8.1 Introduction
    8.2 Construction
    8.3 Aerospace & Defense
    8.4 Shipping & Material Handling
    8.5 Mining
    8.6 Automotive & Railway
    8.7 Marine
    8.8 Energy & Power
    8.9 Others

9 Regional Analysis: Cranes Market (Page No. - 85)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 South America
           9.3.1 Chile
           9.3.2 Brazil
           9.3.3 Peru
           9.3.4 Argentina
    9.4 Europe
           9.4.1 Germany
           9.4.2 UK
           9.4.3 France
           9.4.4 The Netherlands
           9.4.5 Rest of Europe
    9.5 Asia Pacific (APAC)
           9.5.1 China
           9.5.2 Japan
           9.5.3 India
           9.5.4 Australia
           9.5.5 Rest of APAC
    9.6 Rest of the World (RoW)
           9.6.1 Middle East
           9.6.2 Africa

10 Hoists Market, By Type (Page No. - 103)
     10.1 Introduction
     10.2 Wire Rope
     10.3 Roller Load Chain
     10.4 Welded Link Load Chain
     10.5 Others

11 Hoists Market, By Operations (Page No. - 107)
     11.1 Introduction
     11.2 Pneumatic
     11.3 Electric
     11.4 Hydraulic

12 Hoist Market, By Industry (Page No. - 110)
     12.1 Introduction

13 Hoist Market, By Region (Page No. - 113)
     13.1 Introduction

14 Competitive Landscape (Page No. - 115)
     14.1 Overview
     14.2 Ranking Analysis of Cranes Manufacturers
     14.3 Ranking Analysis of Hoists Manufacturers
     14.4 Competitive Scenario
             14.4.1 Product Launches
             14.4.2 Mergers and Acquisitions
             14.4.3 Business Expansions
             14.4.4 Orders

15 Company Profiles (Page No. - 122)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     15.1 Konecranes
     15.2 Terex
     15.3 Liebherr
     15.4 Manitowoc
     15.5 Cargotec
     15.6 Zoomlion
     15.7 Ingersoll Rand
     15.8 Columbus Mckinnon
     15.9 Kito
     15.10 Tadano
     15.11 Other Key Players
             15.11.1 Komatsu
             15.11.2 XCMG
             15.11.3 Mammoet
             15.11.4 Palfinger
             15.11.5 ZPMC
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 154)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide Cranes & Hoist Market
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real-Time Market Intelligence
     16.5 Available Customizations
     16.6 Related Reports
     16.7 Author Details


List of Tables (71 Tables)

Table 1 Crane Specification as Per Panamax
Table 2 Cranes Market, By Type, 2014–2023 (USD Million)
Table 3 Mobile Cranes Market, By Industry, 2014–2023 (USD Million)
Table 4 Mobile Cranes, By Region, 2014–2023 (USD Million)
Table 5 Mobile Cranes Market for the Construction Industry, By Region, 2014–2023 (USD Million)
Table 6 Mobile Cranes Market for the Mining Industry, By Region, 2014–2023 (USD Million)
Table 7 Mobile Cranes Market for the Aerospace & Defense Industry, By Region, 2014–2023 (USD Million)
Table 8 Mobile Cranes Market for the Shipping & Material Handling Industry, By Region, 2014–2023 (USD Million)
Table 9 Mobile Cranes Market for the Automotive & Railway Industry, By Region, 2014–2023 (USD Million)
Table 10 Mobile Cranes Market for the Marine Industry, By Region, 2014–2023 (USD Million)
Table 11 Mobile Cranes Market for the Energy & Power Industry, By Region, 2014–2023 (USD Million)
Table 12 Mobile Cranes Market for Others, By Region, 2014–2023 (USD Million)
Table 13 Mobile Cranes Market, By Type, 2014–2023 (USD Million)
Table 14 Mobile Cranes Market, By Type, 2014–2023 (Units)
Table 15 Fixed Cranes Market, By Industry, 2014–2023 (USD Million)
Table 16 Fixed Cranes Market, By Region, 2014–2023 (USD Million)
Table 17 Fixed Cranes Market for the Construction Industry, By Region, 2014–2023 (USD Million)
Table 18 Fixed Cranes Market for the Aerospace & Defense Industry, By Region, 2014–2023 (USD Million)
Table 19 Fixed Cranes Market for the Shipping & Material Handling Industry, By Region, 2014–2023 (USD Million)
Table 20 Fixed Cranes Market for the Automotive& Railway Industry, By Region, 2014–2023 (USD Million)
Table 21 Fixed Cranes Market for the Mining Industry, By Region, 2014–2023 (USD Million)
Table 22 Fixed Cranes Market for the Energy & Power Industry, By Region, 2014–2023 (USD Million)
Table 23 Fixed Cranes Market for the Marine Industry, By Region, 2014–2023 (USD Million)
Table 24 Fixed Cranes Market for Others, By Region, 2014–2023 (USD Million)
Table 25 Fixed Cranes Market, By Type, 2014–2023 (USD Million)
Table 26 Fixed Cranes Market, By Type, 2014–2023 (Units)
Table 27 Cranes Market, By Operations, 2014–2023 (USD Million)
Table 28 Cranes Market, By Industry, 2014–2023 (USD Million)
Table 29 Cranes Market for the Construction Industry, By Type, 2014–2023 (USD Million)
Table 30 Cranes Market for the Construction Industry, By Region, 2014–2023 (USD Million)
Table 31 Cranes Market for the Aerospace & Defense Industry, By Type, 2014–2023 (USD Million)
Table 32 Cranes Market for Aerospace & Defense, By Region, 2014–2023 (USD Million)
Table 33 Cranes Market for the Shipping & Material Handling Industry, By Type, 2014–2023 (USD Million)
Table 34 Cranes Market for the Shipping & Material Handling Industry, By Region, 2014–2023 (USD Million)
Table 35 Cranes Market for the Mining Industry, By Type, 2014–2023 (USD Million)
Table 36 Cranes Market for the Mining Industry, By Region, 2014–2023 (USD Million)
Table 37 Cranes Market for Automotive & Railway, By Type, 2014–2023 (USD Million)
Table 38 Cranes Market for Automotive & Railway, By Region, 2014–2023 (USD Million)
Table 39 Cranes Market for Marine, By Type, 2014–2023 (USD Million)
Table 40 Cranes Market for Marine, By Region, 2014–2023 (USD Million)
Table 41 Cranes Market for the Energy & Power Industry, By Type, 2014–2023 (USD Million)
Table 42 Cranes Market for the Energy & Power Industry, By Region, 2014–2023 (USD Million)
Table 43 Cranes Market for Other Industries, By Type, 2014–2023 (USD Million)
Table 44 Cranes Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 45 Cranes Market, By Region, 2014–2023 (USD Million)
Table 46 Cranes Market in North America, By Country, 2014–2023 (USD Million)
Table 47 Cranes Market in North America, By Industry, 2014–2023 (USD Million)
Table 48 Cranes Market in North America, By Type, 2014–2023 (USD Million)
Table 49 Cranes Market in South America, By Country, 2014–2023 (USD Million)
Table 50 Cranes Market in South America, By Industry, 2014–2023 (USD Million)
Table 51 Cranes Market in South America, By Type, 2014–2023 (USD Million)
Table 52 Cranes Market in Europe, By Country, 2014–2023 (USD Million)
Table 53 Cranes Market in Europe, By Industry, 2014–2023 (USD Million)
Table 54 Cranes Market in Europe, By Type, 2014–2023 (USD Million)
Table 55 Cranes Market in Asia Pacific, By Country, 2014–2023 (USD Million)
Table 56 Cranes Market in Asia Pacific, By Industry, 2014–2023 (USD Million)
Table 57 Cranes Market in Asia Pacific, By Type, 2014–2023 (USD Million)
Table 58 Cranes Market in RoW, By Region, 2014–2023 (USD Million)
Table 59 Cranes Market in RoW, By Industry, 2014–2023 (USD Million)
Table 60 Cranes Market in RoW, By Type, 2014–2023 (USD Million)
Table 61 Hoists Market, By Type, 2014–2023 (USD Million)
Table 62 Hoists Market, By Type, 2014–2023 (Thousand Units)
Table 63 Hoist Market, By Operations, 2014–2023 (USD Million)
Table 64 Hoists Market, By Industry, 2014–2023 (USD Million)
Table 65 Hoist Market, By Region, 2014–2023 (USD Million)
Table 66 Ranking of Top 5 Players in the Cranes Market (2016)
Table 67 Ranking of Top 3 Players in Hoists Market (2016)
Table 68 Product Launches, 2015–2017
Table 69 Acquisitions, 2015–2017
Table 70 Business Expansions, 2015–2017
Table 71 Orders, 2015–2017


List of Figures (65 Figures)

Figure 1 Cranes Market Segmentation
Figure 2 Hoists Market Segmentation
Figure 3 Cranes and Hoist Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Market Segmentation
Figure 9 Mobile Cranes Expected to Hold A Larger Market Size Between 2017 and 2023
Figure 10 Hydraulic Operated Cranes Expected to Hold the Largest Market Size Between 2017 and 2023
Figure 11 Asia Pacific Expected to Hold the Largest Share of the Cranes Market in 2017
Figure 12 Cranes Market for the Construction Industry Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 13 Asia Pacific Expected to the Hold the Largest Size of the Hoists Market in 2017
Figure 14 Wire Rope Hoists are Expected to Hold Largest Market Size Between 2017 and 2023
Figure 15 Electric-Powered Hoists Expected to Hold the Largest Market Size Between 2017 and 2023
Figure 16 Hoists Market for Mining Industry Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 17 Attractive Opportunities in the Cranes Market Between 2017 and 2023
Figure 18 Attractive Opportunities in the Hoists Market Between 2017 and 2023
Figure 19 Cranes Market for the Aerospace & Defense Industry in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 20 Shipping & Material Handling Industry Expected to Hold the Largest Size of the Hoists Market During the Forecast Period
Figure 21 Crawler Cranes to Hold the Largest Share of the Mobile Cranes Market Between 2017 and 2023
Figure 22 US to Hold the Largest Share of the Cranes Market in North America in 2017
Figure 23 Asia Pacific to Hold the Largest Size of the Cranes Market During the Forecast Period
Figure 24 Asia Pacific Expected to Hold the Largest Size of the Hoists Market During the Forecast Period
Figure 25 Doc: Cranes and Hoists Market
Figure 26 Comparison of New Aircraft Deliverables, By Region (2015 and 2035)
Figure 27 Defense Expenditure, By Region (USD Billion)
Figure 28 Worldwide Upstream Oil and Gas Investment
Figure 29 Snapshot: Worldwide Crude Oil Monthly Price, USD/Barrel (2013–2017)
Figure 30 Value Chain Analysis (Cranes): Major Value Added During the Assembly Stage
Figure 31 Value Chain Analysis (Hoists): Major Value Added During the Assembly Stage
Figure 32 Market Segmentation, By Type
Figure 33 Mobile Cranes Expected to Hold A Larger Size of the Cranes Market By 2023
Figure 34 Construction Industry is Expected to Drive the Mobile Cranes Market By 2023
Figure 35 Asia Pacific Expected to Hold the Largest Size of the Mobile Cranes Market for the Shipping & Material Handling Industry By 2023
Figure 36 The Shipping & Material Handling Industry is Expected to Dominate the Fixed Cranes Market By 2023
Figure 37 Cranes Market Segmentation, By Operation
Figure 38 Cranes for Hydraulic Operations to Hold the Largest Market Size By 2023
Figure 39 Cranes Market Segmentation, By Industry
Figure 40 Shipping & Material Handling Industry Expected to Lead the Cranes Market During the Forecast Period
Figure 41 Fixed Cranes Expected to Hold A Larger Market Size in the Cranes Market for the Shipping & Material Handling Industry (2017–2023)
Figure 42 Asia Pacific Expected to Dominate the Cranes Market for the Mining Industry During the Forecast Period
Figure 43 Asia Pacific to Lead the Cranes Market for the Energy & Power Industry Between 2017 and 2023
Figure 44 Cranes Market in the Netherlands Expected to Grow at the Highest CAGR During the Forecast Period
Figure 45 North America: Cranes Market Snapshot
Figure 46 Cranes Market in Brazil Expected to Account for the Largest Market Size in South America During the Forecast Period
Figure 47 Europe: Cranes Market Snapshot
Figure 48 Asia Pacific: Cranes Market Snapshot
Figure 49 Hoist Market, By Type
Figure 50 Wire Rope Hoists Expected to Hold the Largest Market By 2023
Figure 51 Electric-Powered Hoists Expected to Hold the Largest Market Size By 2023
Figure 52 Shipping & Material Handling Industry Expected to Lead the Hoist Market During the Forecast Period
Figure 53 Hoist Market in Europe Expected to Grow at the Highest CAGR During the Forecast Period
Figure 54 Key Players Adopted Product Launches and Expansion as the Key Growth Strategies Between 2015 and 2017
Figure 55 Market Evolution Framework: Product Launches Fuelled the Growth of Cranes and Hoists Market (2015–2017)
Figure 56 Konecranes: Company Snapshot
Figure 57 Terex: Company Snapshot
Figure 58 Liebherr: Company Snapshot
Figure 59 Manitowoc: Company Snapshot
Figure 60 Cargotec: Company Snapshot
Figure 61 Zoomlion: Company Snapshot
Figure 62 Ingersoll Rand: Company Snapshot
Figure 63 Columbus Mckinnon: Company Snapshot
Figure 64 Kito: Company Snapshot
Figure 65 Tadano: Company Snapshot


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