The global cranes market is expected to register an incremental growth of USD 11.07 billion, witnessing a CAGR of over 5% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the cranes market in optimistic, probable, and pessimistic forecast scenarios.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005032/en/
Technavio has announced its latest market research report titled Global Cranes Market 2020-2024 (Graphic: Business Wire)
Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of Cranes market. Download free report sample
Amid the COVID-19 Crisis, the Revaluated and Updated Cranes Market Report Says:
The cranes market will witness a Negative impact during the forecast period owing to the extensive rise of COVID-19 pandemic.
Due to the extensive spread of the virus across the globe, the Industrials industry is anticipated to have Negative and Indirect impact
Furthermore, as per Technavio’s pandemic-focused research highlights, the market demand will show At Par growth due to the increase in infections and reduced economic activity.
Click here to learn about report’s detailed analysis and insights on how you can leverage them to grow your business.
Cranes Market Segmentation and Competitive Analysis
Cranes market is segmented by product (mobile cranes, fixed cranes, and marine and port cranes), application (construction, industrial, and utilities), and geography (APAC, Europe, MEA, North America, and South America). Growth in end-user industries due to urbanization has been an instrumental factor in influencing the growth of the Cranes market.
The market is fragmented. The report analyzes the market’s competitive landscape and offers information on several market vendors, including ABUS Kransysteme GmbH, Columbus McKinnon Corp., Eilbeck Cranes, GH Cranes & Components, Gorbel Inc., Henan Mine Crane Co. Ltd., Kito Corp., Konecranes Plc, Mazzella Companies, and Sumitomo Heavy Industries Construction Cranes Co. Ltd. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Gain instant access to 17,000+ market research reports by using
Reasons to Buy the Report:
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Have Any Special Requirements OR Want to Customize This Report According to Your Needs? Speak to Our Analyst and Get $1000 Worth of FREE Customization at the Time of Purchase
Manufacturers and suppliers
Strategic decision makers
Industry journals and periodicals
Financial reports of key industry players
Collation of data
Estimation of key figures
Analysis of derived insights
Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts
Five forces analysis
Market size and forecast
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 17,000 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200918005032/en/