Market Analysis
The Global Crane and Hoist Market is on the rise after the revitalization of the Construction, Shipping and Mining Industries infrastructure after the recession with the North America market expected to dominate in 2018. The forecast period of 2018 to 2025, the Global Crane and Hoist Market is expected to grow approx. 5.9{9cf8d739f35bd9a49a1698fc13cddcfe202b867cf9969c4732edbd170f650d4e} of CAGR projected 32.6 billion USD with 2017 as the base year of calculation from 2016 market data report.
Market Definition
A crane is a machine used primarily for hoisting materials and are equipped with a hoist, wire ropes or chains, and sheaves with capabilities to lift, lower, move materials horizontally and laterally and transport the materials to a designated location.
Market Segmentation
Types of Cranes are segmented into mobile, fixed, port, marine, and other cranes. Sub- Segmentation included:
mobile cranes
- all-terrain
- automatic stacking
- crawler
- mobile harbor
- rough terrain
- ship
- truck loader
fixed cranes
- gantry