Report Code: A11390 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Marine Crane Market
Request Now !A crane is a type of machine, generally equipped with a hoist rope, wire ropes or chains, and sheaves, which can be used both to lift and lower materials and to move them horizontally. It is mainly used for lifting heavy things and transporting them to other places. Marine cranes are specially designed for working on offshore operations. These are mounted on vessels and carried out into waters for operations, i.e., loading and unloading. This leads to the growth of marine crane market in near future.
Market scope and structure analysis
Report Metric | Details |
 Market size available for years |  2021–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Type, lifting capacity, and application |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | Cargotec, Konecranes, Liebherr, Manitowoc, TEREX Corporation, Huisman, Kenz Figee, National Oilwell Varco, Palfinger and Zoomlion |
COVID-19 SCENARIO ANALYSIS
The significant factors impacting the growth of the marine crane market are increasing subsea construction and oil exploration operations and rising demand for renewable energy. However, complex installation process and requirement for skilled technicians & labors to prevent damages hamper the growth of the market. On the other hand, rapid developments in off shore exploration and increase in high wind activities are anticipated to fuel the demand in the marine crane market.
Increase in subsea construction and oil exploration operations is supporting the market growth globally. These subsea construction machines are primarily used due to their high precision in heavy-duty operations. Some of them are assembly, repair, and supply of oil & gas extraction systems. This leads to the growth of the marine crane market in near future.
The rise in demand for renewable energy is supporting offshore crane adoption for the construction & erection of large wind turbines in offshore environment. This results in the growth of the marine crane market in near future.
Key segments covered:
Segments | Sub-segments |
 By type |
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 By lifting capacity |
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 By application |
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Key benefits of the report:
Questions answered in the marine crane market research report:
Marine Crane Market Report Highlights
Aspects | Details |
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By Type |
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By lifting capacity |
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By application |
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By Region |
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Key Market Players | Cargotec, Liebherr, Palfinger, TEREX Corporation, Konecranes, National Oilwell Varco, Kenz Figee, Zoomlion, Manitowoc, Huisman |
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