Global Crane & Lifting Equipment Market to Grow 6.54% Annually to 2016, Reveals Report Buyer

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'Global Cranes, Lifting and Handling Equipment – Market Opportunity and Environment, Analyses and Forecasts to 2016' provides latest market analysis

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The report 'Global Cranes, Lifting and Handling Equipment – Market Opportunity and Environment, Analyses and Forecasts to 2016' reveals that in 2011 the global cranes, lifting and handling equipment market was valued at US$109.5 billion,of which the Asia-Pacific region constituted a 44.4% share, making it the largest regional market for cranes, lifting and handling equipment in the world. In terms of growth, the global cranes, lifting and handling equipment market recorded a CAGR of 0.88% during the review period. The key contributor to this marginal growth rate was the 18.5% decline in yearly growth rate in 2009.

According to the report 'Global Cranes, Lifting and Handling Equipment – Market
Opportunity and Environment, Analyses and Forecasts to 2016'
driven by huge investment, commercial and residential construction projects in Asia, the global cranes, lifting and handling equipment market is estimated to record a CAGR of 6.54% over the forecast period, which is significantly higher than the CAGR of 0.88% recorded during the review period.

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