Asia Pacific Emerges as the Clear Winner in Global Cranes, Lifting, and Handling Equipment Market
Albany, NY (PRWEB) February 14, 2015 -- The research report on the global cranes, lifting, and handling equipment market highlights the regional growth of the segments and sub-segments and key trends, profiles many influential players in the industry, and presents a market scenario that indicates the future of this market and its impact on the world economy.
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According to the report, Asia Pacific stood out as the largest market within the global cranes, lifting, and handling equipment market, with a gigantic share of 45.7% in 2013. This region was followed closely by Europe and North America, with shares of 33.6% and 11.9%, respectively. The primary growth drivers for the growth of the cranes, lifting, and handling equipment market in North America and Europe are the recovery of the respective economies from recent recessions.
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Additionally, the global cranes, lifting, and handling equipment market is also being fueled by booming economies in regions such as Middle East. The market share of regions such as Middle East is expected to reach 3.0%, Latin America at 6.3%, North America at 12.5%, and Europe at 35.4%, while Asia Pacific will take away at the lion’s share at 42.7% in the forecasted period.
The report on the global cranes, lifting, and handling equipment market provides a comprehensive understanding of the components of the market and how the market dynamics affect their growth patterns. It also offers an insight into the strength, weaknesses, opportunities, and threats regarding the market with the help of a SWOT analysis. It gives historical data along with forecasts for the industry in various regions. The report sheds light on primary growth drivers not just in the global cranes, lifting, and handling equipment market but also in each region. It gives a granular view of the segments and industries impacting the global cranes, lifting, and handling equipment market such as construction, cranes and overhead lifting equipment, lift and skip hoists, lifting trucks, winches, elevators, conveyors, and parts, and other accessories.
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The report on the global cranes, lifting and handling equipment market assess the growth potential of the key industry players, gives a microscopic view of their investment strategies, financial outlooks, potential mergers and acquisitions, research and development activities, and a list of existing products and those in the pipeline. The report also assesses the risks involved in this business, elaborates on the competitive landscape, and formulates accurate business strategies that would help every new entrant in the global cranes, lifting and handling equipment market.
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