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, growing at a CAGR of 4.7% from 2019 to 2024. Increasing demand for rental cranes from various end-use industries, coupled with growing investments from domestic & foreign investors in the country’s economy is expected to drive the growth of cranes rental market during the forecast period.
Major companies operating in the cranes rental market include 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) hold a potential share in cranes rental market.
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Mammoet (Netherlands) is one of the leading players in cranes rental market which has adopted organic & inorganic strategies to sustain in their market position.
Sarens NV (Belgium) is another major company in the cranes rental market. It has been adopting organic and inorganic strategies to sustain its position in 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
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