Crane Market Size And Forecast
Crane Market was valued at USD 18.43 Billion in 2018 and is projected to reach USD 29.56 Billion by 2026, growing at a CAGR of 6.10 % from 2019 to 2026.
Global Crane Market Outlook
The growing construction of high-rise building construction and large-scale apartment blocks is predicted to boost the growth of the market. The application of crane is meant for safe and efficient activities in the construction sites and to support accident management. With the deposit of population during the urbanization process, the number of high-building is increasing especially in developing countries and this phenomenon leads to the widespread use of an attached tower crane. The crane, besides safety, reduces cost and improves overall efficiency. The governments and the private sector across the globe are investing in better infrastructure facilities is another factor promoting growth. However, the high cost of the crane is hindering the growth of the market.
Global Crane Market Competitive Landscape
The Global Crane Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Altec Inc., Broderson Manufacturing Corp, Elliott Equipment Company, Fassi Gru S.p.A., Fushun Yongmao Construction Machinery Co. Ltd, Cargotec Corporation, Columbus Mckinnon Corporation, and Effer S.P.A.
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