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Allied Market Research

Marine Deck Cranes Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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COVID-19

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Marine deck crane is an important part in offshore movement of material. Marine deck crane is used for applications such as loading and unloading of material in waters.  Marine deck cranes are manufactured with some features included such as water resistance so as to prevent corrosion. Marine deck crane is designed in such a way that it should withstand in the changing weather conditions. It comes up with ultraviolet (UV) protection paints to protect cranes from abrasion and from corrosion. According to the application, required capacity range crane is selected for the operation.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, design, lifting capacity, application, end user, and region

  Companies covered

Techcrane International, LLC., Anupam Industries Limited, Palfinger AG, Dmw Marine Group LlcHs Marine s.r.l., Kenzfigee Group, Heila cranes s.p.a., Fjell marine service ,Gulf Crane Services, Ningenmura company, Industriaguerra  S.A., Atlas Polar Company Limited, Favellefavco Group

 

Regions covered

North America

Europe

Asia Pacific

LAMEA

US, Canada and Mexico

Germany, France, UK, Italy, Spain, and the Rest of Europe

China, Japan, India, South Korea, and the Rest of Asia Pacific

Latin America, Middle East and Africa

 

COVID-19 scenario analysis:

  • The demand for marine deck crane is expected to decrease in the year 2020 due to low demand from different industries such as oil and gas offshore drilling due to the lockdown imposed by government of many countries.
  • COVID-19 pandemic has halted the production of various products in the marine deck crane industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of marine deck crane market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which is negatively affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Marine deck cranes are manufactured with some features installed in them. Companies can select the model of the crane according to their requirement. Selection can be done on the basis of source of operation such as electric or by using fuel like diesel. Marine deck crane manufacturer companies also provide some accessories such as steel fittings, docking heads, additional winches and floodlights.

There is some difference between the cranes used for general purpose and the cranes used for the marine deck purpose. Marine deck cranes consist of specialized tool for lifting purpose known as spreader and it comes four lock points for strong holding of the container. 

Marine deck cranes offers can be used in various applications in oil and gas offshore drilling and research & fishing vessel. For both these application marine deck crane comprising of different feature is required. For oil and gas offshore drilling purpose marine deck cranes are used in deep sea water. Hence, the companies in oil and gas offshore industry will require the marine deck cranes which are fully watertight, water resistant and also marine deck crane should withstand the climate changes during the operation. 

Marine deck cranes are also used for the submerging the equipment from sea, to transport the equipment to the seabed 

Marine deck cranes can also be selected on the basis of the lifting capacity. These cranes have the capacity of lifting the load ranging from 2 tons to 30000 tons. This wide range of capacities of lifting the load makes the marine deck crane available for various industrial applications.

Key driving factors to the growth of marine deck cranes market:

World is witnessing the growth of various companies in oil and gas offshore drilling industry. For offshore drilling purpose, marine deck crane plays an important role. Due to this reason, there is rise in demand for marine deck cranes. This will be the key driving factor for the growth of marine deck cranes market during the forecasting period.

Also, marine deck crane provides variety of application for offshore working. Hence, it is expected to drive the growth of the market.

Restraining factor to the growth of marine deck cranes market:

The design of marine deck cranes is complicated and there is requirement of skilled operators to operate the crane. Hence, companies have to invest more money and time to train the labors. This could prove to be the restraining factor in the growth of marine deck cranes market.  

Key segments covered:

Segments

Subsegments

  Type

  • Electric marine crane
  • Hydraulic marine crane

  Design

 

  • knuckle boom
  • telescopic boom
  • foldable boom
  • stiff boom

  Lifting capacity

 

    • 2 tons–500 tons
    • 501 tons–15,000 tons
    • 15,001 tons–30,000 tons

  Application

 

  • Vessel marine cranes
  • Offshore marine cranes

  End user

    • Oil and gas platforms
    • Workboats
    • Research and fishing levels

 

Key benefits of the report:

  • This study presents the analytical depiction of the marine deck cranes market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the marine deck cranes market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the marine deck cranes market growth scenario.
  • The report provides a detailed marine deck cranes market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
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