Cranes Rental Market

Cranes Rental Market by Type (Mobile, Fixed), Weight Lifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy), End-Use Industry (Building & Construction, Marine & Offshore, Mining & Excavation, Oil & Gas, Transportation), Region - Global Forecast to 2024

[134 Pages Report] The cranes rental market is estimated to be USD 42.1 billion in 2019 and is projected to reach USD 53.1 billion by 2024, at a CAGR of 4.7% from 2019 to 2024. Preference of cranes on rental basis rather than purchasing them, coupled with increasing investments in various end-use industries such as building & construction, transportation, and oil & gas, among others is expected to drive the growth of cranes rental market.

cranes-rental-market

Mobile cranes type is expected to lead the cranes rental market during the forecast period. 

Mobile cranes accounted for the largest share in cranes rental market due to its wide acceptance in various end-use industries such as building & construction, and transportation. Its numerous advantages such as mobility, less time consumption for installation and setup are expected to fuel the growth of mobile cranes in cranes rental market.

By weight lifting capacity, the low segment is expected to lead the cranes rental market during the forecast period. 

Low weight lifting capacity segment is likely to account for the largest share in cranes rental market. This growth is attributed to the increase in miscellaneous activities for construction, repairs, and maintenance around the globe, which is expected to drive the growth of cranes rental market. Moreover, low weight lifting capacity segment is expected to register the highest CAGR during the forecast period.

Building & construction end-use industry to register the largest share in cranes rental market during the forecast period. 

Based on end-use industry, the cranes rental market is segregated into building & construction, marine & offshore, mining & excavation, oil & gas, transportation, and others. Building & construction, which consists of commercial & residential buildings and infrastructure (bridges, tunnels) is the major consumer of cranes in the cranes rental market and is projected to increase in the near future. This growth is attributed to increasing infrastructure activities in various parts of the world, such as China, India, and Ghana, among other countries. Moreover, increasing investment in public & private sectors from domestic & foreign investors around the globe is expected to drive the growth of cranes rental market during the forecast period.

cranes-rental-market

 Asia Pacific to remain one of the largest cranes rental market during the forecast period.

The Asia Pacific region led the cranes rental market in 2018, which is expected to grow at a high rate during the forecast period, owing to the increasing demand for cranes on rental basis from China, Japan, India, Australia, and other countries. Moreover, rising population levels and increasing investments from domestic & foreign investors are expected to drive the growth of Asia Pacific cranes rental market.

Key Market Players

Companies such as Sarens NV (Belgium), Mammoet (Netherlands), ALL Erection & Crane Rental Corp. (US), Lampson International LLC (US), Action Construction Equipment Ltd. (India), Maxim Crane Works, L.P. (US), ALE (US), Sanghvi Movers Limited (India), and Deep South Crane and Rigging (US) among others, are the major players in the cranes rental market. These players have been focusing on strategies such as new contracts, product launches, acquisitions, partnerships, expansions, joint ventures, and investments that have helped them to expand their businesses in untapped and potential markets. The diversified product portfolio and multiple uses are factors responsible for strengthening the position of these companies in the cranes rental market. They have also been adopting various organic and inorganic growth strategies, such as new product launches, acquisitions, and contracts, to enhance their current position in the cranes rental market. 

Scope of the Report

Report Metric

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Type, Weight Lifting Capacity, End-use Industry, and Region

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Companies covered

Sarens NV (Belgium), Mammoet (Netherlands), ALL Erection & Crane Rental Corp. (US), Lampson International LLC (US), Action Construction Equipment Ltd. (India), Maxim Crane Works, L.P. (US), ALE (US), Sanghvi Movers Limited (India), and Deep South Crane and Rigging (US) and others are considered for the study.
Total 25 major players covered.

This report categorizes the cranes rental market based on type, weight lifting capacity, end-use industry, and region.

On the basis of type, the cranes rental market is segmented as follows

  • Mobile Cranes
  • Fixed Cranes

On the basis of weight lifting capacity, the cranes rental market is segmented as follows

  • Low
  • Low-Medium
  • Heavy
  • Extreme Heavy

On the basis of end-use industry, the cranes rental market is segmented as follows

  • Building & Construction
  • Marine & Offshore
  • Mining & Excavation
  • Oil & Gas
  • Transportation
  • Others (Industrial and Municipal)

On the basis of region, the cranes rental market is segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments 

  • In May 2019, Mammoet acquired MEYER Anlagenbau GmbH & Co. KG (MEYER). MEYER is a heavy lifting and installation expert in south-west Germany. By this acquisition, Mammoet was able to expand its value proposition with heavy installation expertise and extended its foothold in south-western Germany.
  • In November 2018, Sarens NV launched the largest crane SGC-250 (Sarens Giant Crane - 250) in the world in terms of size and capacity. It is the first 3rd generation of ring-based crane with maximum load moment of 250.000Tm which allows lifting an astonishing 5.000T. Even at a large radius of 100m, the crane is still capable of lifting 2.000T. With the launch of this product, the company captured the extreme heavy lifting segment of the market.
  • In January 2019, ALE opened a new branch office in Houston, Texas and certified it as the official headquarters of ALE company. The expansion was intended to increase operational capability by recruiting additional experienced personnel and investing in the latest heavy lifting and transport equipment.
  • In July 2018, Maxim Crane Works, L.P. acquired the assets of Cincinnati-based Tri-State Crane. This acquisition is a strategic move which helped to expand Maxim's existing tri-state area operations and facilitate continuous growth in the region.

Key Questions addressed by the report

  • What are the future revenue pockets in the cranes rental market?
  • Which key developments are expected to have a long-term impact on the cranes rental market?
  • Which type fo cranes with specific weight lifting capacity are expected to cannibalize existing markets? 
  • How is the current regulatory framework expected to impact the market?
  • What will be the future product mix of the cranes rental market?
  • What are the prime strategies of leaders in the cranes rental market?

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

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the 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
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in Cranes Rental Market
    4.2 Cranes Rental Market, By Weight Lifting Capacity
    4.3 Cranes Rental Market, By End-Use Industry
    4.4 Cranes Rental Market, By Region
    4.5 Asia Pacific Cranes Rental Market, By Type and Country

5 Market Overview (Page No. - 32)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Ongoing Transformation of Urban Areas Into Smart Cities
                    5.1.1.2 Covering of Insurance, Maintenance, and Breakdown Costs By Crane Renting Companies
           5.1.2 Restraints
                    5.1.2.1 Preference for Old Cranes
                    5.1.2.2 Low-Rent Cranes Offered By Small and Medium-Sized Enterprises
           5.1.3 Opportunities
                    5.1.3.1 Development of New Power Plants Using Renewable Sources of Energy
                    5.1.3.2 Emergence of the Us as A Potential Market for Rented Cranes
           5.1.4 Challenges
                    5.1.4.1 Lack of Skilled Workforce
    5.2 Porter’s Five Forces Analysis
           5.2.1 Bargaining Power of Suppliers
           5.2.2 Threat of New Entrants
           5.2.3 Threat of Substitutes
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry

6 Cranes Rental Market, By Type (Page No. - 37)
    6.1 Introduction
    6.2 Mobile Cranes
    6.3 Fixed Cranes

7 Cranes Rental Market, By Weight Lifting Capacity (Page No. - 40)
    7.1 Introduction
    7.2 Low Weight Lifting Capacity
    7.3 Low–Medium Weight Lifting Capacity
    7.4 Heavy Weight Lifting Capacity
    7.5 Extreme Heavy Weight Lifting Capacity

8 Cranes Rental Market, By End-Use Industry (Page No. - 44)
    8.1 Introduction
    8.2 Building & Construction
    8.3 Oil & Gas
    8.4 Marine & Offshore
    8.5 Mining & Excavation
    8.6 Transportation
    8.7 Others

9 Regional Analysis (Page No. - 50)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
                    9.2.1.1 China is Projected to Lead Cranes Rental Market in Asia Pacific During the Forecast Period
           9.2.2 Japan
                    9.2.2.1 Increasing Construction Activities in Japan Post-2011 Earthquake are Expected to Drive Growth of Cranes Rental Market in Japan
           9.2.3 India
                    9.2.3.1 Increasing Investments for Infrastructure Developments in the Country are Expected to Fuel Growth of Cranes Rental Market in India
           9.2.4 Australia
                    9.2.4.1 Flourishing Mining & Excavation Industry is Expected to Drive Growth of Cranes Rental Market in Australia
           9.2.5 Rest of Asia Pacific
                    9.2.5.1 Growing Industries and Increasing Investments are Expected to Fuel Growth of Cranes Rental Market in Rest of Asia Pacific
    9.3 Middle East & Africa
           9.3.1 UAE
                    9.3.1.1 Increasing Government Investments and Ongoing Construction Projects are Expected to Drive Growth of Cranes Rental Market in Uae
           9.3.2 Iran
                    9.3.2.1 Growing Government Investments for the Development of Greenfield Projects are Expected to Drive the Demand for Rented Cranes in Iran
           9.3.3 Saudi Arabia
                    9.3.3.1 Flourishing Oil & Gas Industry is Expected to Contribute to Growth of Cranes Rental Market in Saudi Arabia
           9.3.4 South Africa
                    9.3.4.1 Change in Market Dynamics From Long-Term Rental to Short-Term Rental is Expected to Fuel Growth of Cranes Rental Market in South Africa
           9.3.5 Rest of Middle East & Africa
                    9.3.5.1 Increased Investments and Favorable Government Policies are Expected to Fuel Growth of Cranes Rental Market in Rest of Middle East & Africa
    9.4 North America
           9.4.1 US
                    9.4.1.1 Ongoing Government Initiatives to Renovate Old Infrastructures and Increasing Demand for Rented Cranes From Various End-Use Industries is Expected to Fuel Growth of Cranes Rental Market in US
           9.4.2 Canada
                    9.4.2.1 Increasing Investments in Infrastructure Development Projects are Expected to Drive Growth of Cranes Rental Market in Canada
           9.4.3 Mexico
                    9.4.3.1 Increasing Private Investments in the Infrastructure Development and Industrial Sectors are Expected to Contribute to Growth of Cranes Rental Market in Mexico
    9.5 Europe
           9.5.1 Germany
                    9.5.1.1 Increasing Infrastructure Spending is Expected to Drive Growth of Cranes Rental Market in Germany
           9.5.2 France
                    9.5.2.1 Rising Investments in Construction Industry of France are Fueling Growth of Cranes Rental Market in France
           9.5.3 UK
                    9.5.3.1 Flourishing Construction Industry is Expected to Drive Growth of Cranes Rental Market in UK
           9.5.4 Italy
                    9.5.4.1 Recovering Construction Industry of Country is Expected to Fuel Growth of Cranes Rental Market in Italy
           9.5.5 Spain
                    9.5.5.1 Increasing Investments in Non-Residential Projects are Leading to Growth of Cranes Rental Market in Spain
           9.5.6 Sweden
                    9.5.6.1 Increasing Government Initiatives and Flourishing Non-Residential Sector are Expected to Drive Growth of Cranes Rental Market in Sweden
           9.5.7 Rest of Europe
                    9.5.7.1 Flourishing Construction Industry, Especially in Poland, is Projected to Fuel Growth of Cranes Rental Market in Rest of Europe
    9.6 South America
           9.6.1 Brazil
                    9.6.1.1 Flourishing End-Use Industries are Expected to Drive Growth of Brazil Cranes Rental Market During the Forecast Period
           9.6.2 Argentina
                    9.6.2.1 Sustainable Economic Development and Investments From Foreign Investors are Expected to Drive Growth of Cranes Rental Market in Argentina
           9.6.3 Rest of South America
                    9.6.3.1 Free Trade Zone and Presence of Trained Workforce are Expected to Fuel Growth of Cranes Rental Market in Rest of South America

10 Dive (Page No. - 78)     10.1 Introduction
             10.1.1 Visionaries
             10.1.2 Innovators
             10.1.3 Dynamic Differentiators
             10.1.4 Emerging Companies
     10.2 Ranking of Key Players in Cranes Rental Market in 2018

11 Company Profiles (Page No. - 80)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     11.1 Mammoet
     11.2 Sarens Nv
     11.3 Lampson International LLC
     11.4 ALE
     11.5 Maxim Crane Works, L.P.
     11.6 Action Construction Equipment Ltd.
     11.7 Weldex (International) Offshore Ltd.
     11.8 Mediaco Group
     11.9 Buckner Heavylift Cranes, LLC
     11.10 Starlog Enterprises Limited
     11.11 Ahern Rentals, Inc.
     11.12 United Rentals, Inc.
     11.13 All Erection & Crane Rental Corp.
     11.14 Uchimiya Transportation and Engineering Co., Ltd.
     11.15 Sanghvi Movers Limited
     11.16 Other Key Players
             11.16.1 TAT Hong Holdings Ltd.
             11.16.2 Al Jaber Heavy Lift
             11.16.3 Prangl Gesellschaft M.B.H
             11.16.4 Tiong Woon Corporation Holding Ltd.
             11.16.5 Sarilar Group
             11.16.6 Deep South Crane and Rigging
             11.16.7 HSS Hire Service Group Plc
             11.16.8 Liebherr-Mietpartner Gmbh
             11.16.9 Hitachi Construction Machinery Co., Ltd.
             11.16.10 Ameco
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 125)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (60 Tables)
          
Table 1 Cranes Rental Market Snapshot
Table 2 Cranes Rental Market, By Type, 2017–2024 (USD Million)
Table 3 Mobile Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 4 Fixed Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 5 Cranes Rental Market, By Weight Lifting Capacity, 2017–2024 (USD Million)
Table 6 Low Weight Lifting Capacity Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 7 Low–Medium Weight Lifting Capacity Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 8 Heavy Weight Lifting Capacity Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 9 Extreme Heavy Weight Lifting Capacity Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 10 Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 11 Cranes Rental Market for Building & Construction, By Region, 2017–2024 (USD Million)
Table 12 Cranes Rental Market for Oil & Gas, By Region, 2017–2024 (USD Million)
Table 13 Cranes Rental Market for Marine & Offshore, By Region, 2017–2024 (USD Million)
Table 14 Cranes Rental Market for Mining & Excavation, By Region, 2017–2024 (USD Million)
Table 15 Cranes Rental Market for Transportation, By Region, 2017–2024 (USD Million)
Table 16 Cranes Rental Market for Other End-Use Industries, By Region, 2017–2024 (USD Million)
Table 17 Cranes Rental Market, By Region, 2017–2024 (USD Million)
Table 18 Asia Pacific Cranes Rental Market, By Country, 2017–2024 (USD Million)
Table 19 Asia Pacific Cranes Rental Market, By Weight Lifting Capacity, 2017–2024 (USD Million)
Table 20 Asia Pacific Cranes Rental Market, By Type, 2017–2024 (USD Million)
Table 21 Asia Pacific Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 22 China Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million
Table 23 Japan Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 24 India Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 25 Australia Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 26 Rest of Asia Pacific Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 27 Middle East & Africa Cranes Rental Market, By Country, 2017–2024 (USD Million)
Table 28 Middle East & Africa Cranes Rental Market, By Type, 2017–2024 (USD Million)
Table 29 Middle East & Africa Cranes Rental Market, By Weight Lifting Capacity, 2017–2024 (USD Million)
Table 30 Middle East & Africa Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 31 Uae Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 32 Iran Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 33 Saudi Arabia Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 34 South Africa Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 35 Rest of Middle East & Africa Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 36 North America Cranes Rental Market, By Country, 2017–2024 (USD Million)
Table 37 North America Cranes Rental Market, By Type, 2017–2024 (USD Million)
Table 38 North America Cranes Rental Market, By Weight Lifting Capacity, 2017–2024 (USD Million)
Table 39 North America Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 40 US Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 41 Canada Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 42 Mexico Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 43 Europe Cranes Rental Market, By Country, 2017–2024 (USD Million)
Table 44 Europe Cranes Rental Market, By Weight Lifting Capacity, 2017–2024 (USD Million)
Table 45 Europe Cranes Rental Market, By Type, 2017–2024 (USD Million)
Table 46 Europe Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 47 Germany Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 48 France Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 49 UK Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 50 Italy Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 51 Spain Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 52 Sweden Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 53 Rest of Europe Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 54 South America Cranes Rental Market, By Country, 2017–2024 (USD Million)
Table 55 South America Cranes Rental Market, By Type, 2017–2024 (USD Million)
Table 56 South America Cranes Rental Market, By Weight Lifting Capacity, 2017–2024 (USD Million)
Table 57 South America Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 58 Brazil Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 59 Argentina Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)
Table 60 Rest of South America Cranes Rental Market, By End-Use Industry, 2017–2024 (USD Million)


List of Figures (41 Figures)

Figure 1 Cranes Rental Market Segmentation
Figure 2 Cranes Rental Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Cranes Rental Market: Data Triangulation
Figure 6 Mobile Cranes Segment is Projected to Lead Cranes Rental Market Between 2019 and 2024
Figure 7 Building & Construction Segment is Projected to Lead Cranes Rental Market Between 2019 and 2024
Figure 8 Asia Pacific Cranes Rental Market is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 9 Low Weight Lifting Capacity Segment Led Cranes Rental Market in 2018
Figure 10 Building & Construction Segment is Projected to Lead Cranes Rental Market From 2019 to 2024
Figure 11 Asia Pacific Accounted for the Largest Share of Cranes Rental Market in 2018
Figure 12 Mobile Cranes Segment and China Led Asia Pacific Cranes Rental Market in 2018
Figure 13 Market Dynamics: Cranes Rental Market
Figure 14 Porter’s Five Forces Analysis
Figure 15 Mobile Cranes Segment is Projected to Lead Cranes Rental Market From 2019 to 2024
Figure 16 Low Weight Lifting Capacity Segment of Cranes Rental Market is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 17 Building & Construction Segment of Cranes Rental Market is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 18 Asia Pacific Cranes Rental Market is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 19 Asia Pacific Cranes Rental Market Snapshot
Figure 20 Middle East Cranes Rental Market Snapshot
Figure 21 North America Cranes Rental Market Snapshot
Figure 22 Europe Cranes Rental Market Snapshot
Figure 23 South America Cranes Rental Market Snapshot
Figure 24 Dive Chart
Figure 25 Mammoet: SWOT Analysis
Figure 26 Sarens Nv: Company Snapshot
Figure 27 Sarens Nv: SWOT Analysis
Figure 28 Lampson International LLC: SWOT Analysis
Figure 29 ALE: SWOT Analysis
Figure 30 Maxim Crane Works, L.P.: SWOT Analysis
Figure 31 Action Construction Equipment Ltd.: Company Snapshot
Figure 32 Action Construction Equipment Ltd.: SWOT Analysis
Figure 33 Weldex (International) Offshore Ltd: SWOT Analysis
Figure 34 Mediaco Group: SWOT Analysis
Figure 35 Buckner Heavylift Cranes, LLC: SWOT Analysis
Figure 36 Starlog Enterprises Limited: Company Snapshot
Figure 37 Ahern Rentals, Inc.: SWOT Analysis
Figure 38 United Rentals, Inc.: Company Snapshot
Figure 39 United Rentals, Inc.: SWOT Analysis
Figure 40 Sanghvi Movers Limited: Company Snapshot
Figure 41 Sanghvi Movers Limited: SWOT Analysis

The study involved four major activities in estimating the current market size for cranes rental. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. Secondary sources include annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.

Primary Research

The cranes rental market comprises several stakeholders such as crane manufacturers, crane renting companies, OEMs, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in the building and construction, marine & offshore, mining & excavation, oil & gas, transportation, and other end-use industries. The supply side is characterized by market consolidation activities undertaken by cranes, rental providers. Several primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following are the breakdown of primary respondents

cranes-rental-market

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

Market Size Estimation:

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the cranes rental market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation:

After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and sub-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 were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives:

  • To define, describe, and forecast the cranes rental market based on type, weight lifting capacity, end-use industry, and region
  • To estimate and forecast the size of the cranes rental market in terms of value
  • To estimate and forecast the size of the cranes rental market by type, and end-use industry for North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To identify and analyze the drivers, restraints, challenges, and opportunities that are influencing the growth of the cranes rental market
  • To analyze region-specific trends in North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To strategically analyze markets with respect to individual growth trends, future prospects, and their contribution to the market
  • To track and analyze recent developments and competitive strategies, such as partnerships, contracts, acquisitions, new product launches, and expansions adopted by the leading players to strengthen their position in the cranes rental market
  • To identify and profile key players in the cranes rental market and analyze their core competencies

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Regional Analysis

  • A further breakdown of the regional cranes rental market to the country level by type

Country Information

  • Regional market split by major countries

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
CH 7276
Published ON
Aug, 2019
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