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The crane market size is forecast to increase by USD 20.39 billion at a CAGR of 6.59% between 2023 and 2028. The market's growth depends on various factors, including the expansion of end-user industries propelled by urbanization, the introduction of new products, and an escalating global demand for oil and natural gas. Urbanization fosters the development of diverse sectors, stimulating market demand. Additionally, continual advancements and innovations such as mobile cranes through new product launches invigorate market dynamics, attracting consumers and driving growth. Furthermore, the surging global demand for oil and natural gas amplifies market prospects, as these resources remain integral to numerous industries worldwide, ensuring sustained market expansion. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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