TechNavio’s analysts forecast the Global Crane market to grow at a CAGR of 7.16 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing civil engineering and construction activities in the APAC region. The Global Crane market has also been witnessing the development of next-generation cranes. However, the increasing total cost of ownership could pose a challenge to the growth of this market.
TechNavio’s report, Global Crane Market 2012-2016, has been prepared based on an in-depth market analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers 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 key vendors dominating this market space are Liebherr Group, Cargotec Oy, Terex Corp., and XCMG Group.
The other vendors mentioned in the report are Zoomlion Heavy Industry Science & Technology Development Co. Ltd., Konecranes Oyj, Manitowoc Co. Inc., Shanghai Zhenhua Heavy Industries Co. Ltd., Tadano Ltd., Sany Heavy Industry Co. Ltd., Kato Works Co. Ltd., Kobelco Construction Machinery Co. Ltd., Columbus McKinnon Corp., Palfinger AG, Sennebogen Maschinenfabrik GmbH, Link-Belt Construction Equipment Co., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Furukawa Unic Corp., Fuwa Heavy Industry Machinery Co. Ltd., and Favelle Favco Group.
Key questions answered in this report:
What will the market size be in 2016 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?