Dallas, Texas (PRWEB) July 19, 2014
The growth of the Global Crane market lies behind the increase in technological innovation worldwide. Several manufacturers are developing technologically advanced cranes that have better control systems and are more efficient. For instance, some manufacturers are developing cranes that are equipped with an electrical VFD system. This system has the capability to control the rotational speed of an alternating current motor.
Analysts forecast the Global Crane market to grow at a CAGR of 7.29 percent over the period 2013-2018. According to the report, the Global Crane market is driven by several factors, including the growth in the emerging economies. The growth in the emerging markets, especially China has been vigorous, which was primarily because of the ongoing industrialization, rising labor costs, and global trade activity. China's massive fiscal stimulus packages in the recent years make it a leader in the emerging markets.
This report covers the present scenario and the growth prospects of the Global Crane market for the period 2014-2018. The report covers the revenue generated through sales of cranes across all geographies. It presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. In addition, it discusses the major drivers that influence the growth of the Global Crane market. The report also outlines the challenges faced by the vendors and the market at large, and identifies the key trends that are emerging in the market.
The Global Crane Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Crane market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in Global Crane Market: Cargotec Corp., Konecranes plc, Liebherr-International AG, Manitowoc Co. Inc., Terex Corp., XCMG Group, Alimak Hek Group, American Crane and Equipment, Badger Equipment, Broderson, Coles Cranes, Columbus McKinnon, Exact Crane and Equipment, Favelle Favco Berhad, Furukawa Unic, Fushun Yongmao Construction Machinery, FUWA Heavy Industry, Genie Industries, Grove Cranes, Hitachi Sumitomo Heavy Industries Construction Crane, IHI Construction Machinery, JP Nelson Equipment, Kato Works, Kobelco Cranes, Link-Belt Construction Equipment, Little Giant Crane and Shovel, Manitex, Mantis Cranes Ireland, MHE-Demag, National Crane, Palfinger , Sany Heavy Industry, Shanghai Zhenhua Heavy Industry, Skyjack, Spierings Kranen, Tadano Faun, Zoomlion Heavy Industry Science and Technology Development.
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- Growth in Emerging Markets.
- Need for Continuous Support and Maintenance.
- Development of Next-generation Cranes.
Further, the report states that despite the presence of several market challenges, growth in the Global Crane market is encouraging because of certain trends. Increased efforts toward the development of next-generation cranes can be observed. Several vendors are developing technologically advanced cranes that have better control systems and are more efficient.
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Construction Equipment Market
Exhibit 3: Segmentation of Cranes by Product
Exhibit 4: Global Crane Market 2013-2018 (US$ billion)
Exhibit 5: Global Crane Market by Geographical Segmentation 2013
Exhibit 6: Global Crane Market by Geographical Segmentation 2013-2018
Exhibit 7: Crane Market in the APAC Region 2013-2018 (US$ billion)
Exhibit 8: Crane Market in the EMEA Region 2013-2018 (US$ billion)
Exhibit 9: Crane Market in the Americas 2013-2018 (US$ billion)
Exhibit 10: Top Vendors in the Global Crane Market 2013
Exhibit 11: Business Segmentation of Cargotec
Exhibit 12: Business Segmentation of Konecranes
Exhibit 13: Business Segmentation of Liebherr-International
Exhibit 14: Business Segmentation of Manitowoc
Exhibit 15: Business Segmentation of Terex
Exhibit 16: Business Segmentation of XCMG Group
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