“$38.24 billion cranes & hoists market analysed and examined in new Visiongain report”
30 August 2018
Visiongain has launched a new report Cranes and Hoists Market Report 2018-2028: Forecasts by Type (Mobile Cranes (Wheel Mounted (Telescopic (Single Control, Multi Control), Lattice, Knuckle) Truck Mounted (Hydraulic, Articulated, Trolley, Stiff), Crawler (Lattice, Hydraulic), Side Boom (Wheeled, Tracked), Straddle Cranes, Railroad Cranes, Aerial Cranes, Other), Fixed Cranes (Monorail & Underhung (Monorail Carrier, Power Operated Hoist, Electric Hoist), Overhead Track Mounted (Overhead Travelling, Wall, Gantry (Semi-Gantry, Gantry, Cantilever), Bridge), Tower (Saddle Jib, Luffing Jib, Self-Erecting (Telescoping, Inner & Outer Towers, Other)), Stiff Leg Derrik) Marine & Port Cranes (Mobile Harbour, Fixed Harbour, Offshore, Ship Cranes), Others) by Industry Application (Construction, Infrastructure, Mining & Excavation, Shipyards, Automotive), by Region & Leading Companies
The cranes & hoists market is expected to flourish in the next few years because of continual economic development driving growth to new heights. These developments have led Visiongain to publish this new report.
The Visiongain report analyst commented "Continual growth in infrastructure developments worldwide are stimulating the construction industry which in turn is of the key drivers of the cranes market around the world. The shipbuilding industry is also being driven by rising demand for commodities and other raw materials worldwide and this will also propel the growth of the global cranes market during the forecast period.
The Asia Pacific region in particular will witness the fastest growth due to increasing infrastructure developments and rising construction activities in emerging economies such as China , India and South Korea."
Leading companies featured in the report who are developing cranes & hoists include Liebherr Cranes, Inc., Terex Cranes, Inc., Cargotec Crane & Electrical Services Inc., XCMG Construction Machinery Co., Ltd., The Manitowoc Company, Inc., Tadano Ltd, Konecranes Plc, Palfinger AG, Kobelco Cranes Co., Ltd, Zoomlion, Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd. and TTS Group
Notes for Editors
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