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Global Cranes Market 2018-2022 | Growth Analysis and Forecast | Technavio

December 31, 2018

LONDON--(BUSINESS WIRE)--Dec 31, 2018--The global cranes market research report by predicts the market to post a CAGR of close to 5% during the period 2018-2022.

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Technavio predicts the global cranes market to post a CAGR of close to 5% by 2022. (Graphic: Business Wire)

A key driver for the global cranes market is the increased capital investment in oil and gas storage. The oil and gas industry is one of the major end-users of cranes. Oil and gas storage is becoming a strategic tool to get profitable returns in the global market owing to the volatility in the prices of crude oil and depletion of crude oil reserves. This has led to increased storage activities in the oil and gas sector. Some of the prominent countries using the storage services market are Saudi Arabia, the US, and Russia.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the emergence of the cranetime management system as one of the key trends in the global cranes market:

Global cranes market: Emergence of the cranetime management system

The cranetime is the first cloud-based all-in-one crane management system that was built particularly for the construction industry. It aids in empowering project managers to rapidly and effectively increase labor productivity and helps in efficient utilization of assets while reducing material handling costs. Cranetime has been developed to provide real-time experience in delivering and managing crane operations.

“Cranetime management system includes key features such as meeting the growing requirement of project teams on real-time data capture and analysis relating to crane utilization, performance, and maintenance. It has a capacity to collaborate with all project stakeholders through an intuitive online calendar system and the ability to update and communicate last-minute changes to lift schedules to entire site crews in an instant,” says a senior analyst at Technavio for research on construction.

Global cranes market: Segmentation analysis

This cranes market analysis report segments the market by product type (fixed cranes, mobile cranes, and marine and port cranes), application (construction, industrial, and utilities), and geography (the Americas, APAC, and EMEA).

The fixed cranes segment held the largest cranes market share in 2017, accounting for nearly 43% of the market. This product type segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2017 with more than 36% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181231005073/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/31/2018 08:07 AM/DISC: 12/31/2018 08:07 AM

http://www.businesswire.com/news/home/20181231005073/en

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