Global Cranes Rental Market

Apr 2020| VMR2108A| Verified Market Research

Report Highlights

Cranes Rental Market Size And Forecast

According to Verified Market Research, Global Cranes Rental Market was valued at USD 40.30 Billion in 2018 and is projected to reach USD 57.67 Billion by 2026, growing at a CAGR of 4.60 % from 2019 to 2026.

Global Cranes Rental Market Outlook

Growing construction activities owing to the urbanization trends are driving the growth of the rental crane market. More than 4 billion people live in urban areas globally and by 2050 it is projected that two-thirds of the population will live in urban areas. People tend to shift or migrate from rural to urban areas as they become richer. This brings the need for shelter. With compressed work schedules and safety gaining importance at plant sites, there is a growing demand for well-maintained cranes. Given the growing demand for well-maintained cranes, the established cranes renting agencies are now looking to invest more in better product offerings that are safe and are able to provide higher uptime at projects. 

Global Cranes Rental Market Competitive Landscape 

The Global Cranes Rental Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Action Construction Equipment Ltd., Maxim Crane Works, L.P., All Erection & Crane Rental Corp., ALL Erection & Crane Rental Corp, Buckner Heavylift Cranes, LLC, Lampson International LLC, Sanghvi Movers Limited, Deep South Crane and Rigging, Sarens NV, and Mammoet.

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