Global Marine Crane Market 2017-2021

The key findings from our marine cranes market forecast report are summarized below

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Global Marine Crane Industry Outlook

Market research analysts at Technavio predict that the global marine crane market will grow steadily over the next four years and post a CAGR of almost 5% by 2021. This market research analysis identifies the rise in seaborne trade as one of the key growth factors of the global marine crane market. Two-thirds of the world trade is leveraged through the shipping industry for the import or export of goods and commodities. According to the marine crane market study, the growing demand for products among the consumer segment will fuel the growth of the market over the next few years. Moreover, factors such as the increasing seaborne trade with the rising efficiency of the ports coupled with the rising economic liberalization will further contribute to the growth of the global marine cranes market.

Though the rise in oil field discoveries will fuel the need for equipment such as marine cranes to deliver agile and seamless work production, the fluctuating market prices of the equipment will promote the end-users to opt for equipment rental services. Also, factors such as the high initial investment associated with the purchase of the machinery and benefits such as the elimination of maintenance costs and risks of accidental damage repair will also generate the need for rental machinery.

Competitive landscape and key vendors

The marine crane market is highly fragmented with the presence of numerous regional and international players. To enhance their market shares, prominent marine crane manufacturers in the market are focusing on innovating their offerings. With technological advancements increasing the lifting capacity of cranes and the expansion of the seaborne trade, there will be a robust demand for marine cranes in the coming years. This, in turn, will intensify the level of competition among the marine crane manufacturers. DMW Marine Group is one of the dominating vendors in the market and the company offers a complete range of cranes for various operations.

The report offers a detailed analysis of several leading companies, including:

• DMW Marine Group
• EFFER
• HEILA Cranes
• LIEBHERR
• PALFINGER

The other prominent vendors in the market are Allied Marine Crane, Appleton Marine, Cargotec, COPMA, EK Marine, Fassi, Hawboldt Industries, HS.MARINE, Huisman Equipment, James Fisher and Sons, Konecranes, Marine Equipments Pellegrini, MELCAL, Motus, North Pacific Crane Company, Rapp Marine, Seatrax, SMT MARINE, Sormec, and TECHCRANE INTERNATIONAL.

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Marine crane market segmentation by design type

• Knuckle boom
• Telescopic cranes
• Lattice boom

During 2016, the knuckle boom cranes segment dominated the marine crane market. Though the curb in the production of oil and gas industries has significantly impacted the growth of the segment, the sturdy demand for oil and petroleum products and an increase in investments in the oil and gas industry will stimulate the growth of this marine crane market size in the coming years.

Marine crane market segmentation by geography

• Americas
• APAC
• EMEA

Owing to the growing investments in countries such as India and Malaysia, APAC accounted for the major shares of the marine crane market during 2016. Factors such as the rise in population and rapid urbanization that will promote seaborne traffic will propel the demand for marine cranes in this region. Moreover, the robust collaboration among the private and the public players that will lead to the growth of ports will also fuel the growth of the market in this region.

Key highlights of the global marine crane​ market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the marine crane​ market during the next five years
• Precise estimation of the global marine crane​ market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Growth of the marine crane​ industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of marine crane​ companies

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