Growth in the Construction Industry and Growth of Infrastructure are Expected to Drive the Global Carry Deck Crane Market

Pune, India, September 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Carry Deck Cranes Market.

Market Highlights

The global carry deck crane market is expected to witness sustainable growth during the forecast period owing to the growth of the construction equipment and mining industries. Many developing nations are introducing various reforms and regulations for boosting the infrastructure and real estate, which, in turn, drives the demand for carry deck cranes for residential and commercial buildings, globally. However, market growth is expected to be hindered by the fluctuating prices of raw materials, such as iron and steel.

Asia-Pacific is expected to witness the fastest growth in the global carry deck crane market during the forecast period: MRFR

Based on region, the global carry deck crane market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific dominated the global market, primarily due to the growth in construction industry in China and India. The construction equipment industry in Asia-Pacific is growing due to the increase in the number of infrastructural construction projects, which fuel the Asia-Pacific carry deck crane market growth.

The global carry deck crane market size was valued at USD 590 million in 2018, which is expected to witness 4.2% CAGR during the forecast period.

The 15 to 20 tons segment, to occupy the largest market share of the global carry deck crane Market: MRFR

Based on capacity, the global market has been segmented as less than 5 tons, 5 tons to 10 tons, 10 tons to 15 tons, 15 tons to 20 tons, 20 tons to 50 tons, and above 50 tons. The 15 tons to 20 tons segment dominate the global carry deck crane market, with 35% share of the total in 2018, which is also anticipated to witness fastest growth rate during the forecast period.

The cranes in the 15 to 20 tons segment mostly have a higher number of sections in the boom in comparison to other cranes, which provides improved stability to the cranes under heavy load conditions. Most of the cranes in this segment are equipped with multiple jibs to improve the functionality of cranes. The 15 to 20 tons segment is expected to grow significantly during the forecast period due to the growing construction industry.

The construction & infrastructure segment is expected to occupy the largest share in the global carry deck crane market.

Based on application, the global carry deck crane market is segmented as construction & infrastructure, manufacturing industries, mining, and others. The construction & infrastructure segment accounted for the largest market share in 2018, which is expected to witness the fastest growth during the forecast period.

Global Carry Deck Crane Market, 2018–2025 (USD Million) 

Source: MRFR Analysis

Scope of the Report

This study provides an overview of the global carry deck crane market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global carry deck crane market by material, application, and region.

• 
  By Capacity
  
  
  
  • Less than 5 Tons
  
  
  • 5 Tons to 10 Tons
  
  
  • 10 Tons to 15 Tons
  
  
  • 15 Tons to 20 Tons
  
  
  • 20 Tons to 50 Tons
  
  
  • Above 50 tons
  
  
  
  

• 
  By Application
  
  
  
  • Construction & Infrastructure
  
  
  • Manufacturing
  
  
  • Mining
  
  
  • Others 
  
  
  
  

• 
  By Region
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • South America
  
  
  • Middle East & Africa  
  
  
  
  

Key Players

The prominent players in the global carry deck crane market are Broderson Manufacturing Corp. (US), LIFT SYSTEMS, INC. (US), Bailey Specialty Crane and Aerials, LLC (US), Manitowoc (US), and Manitex International, Inc. (US).  

Get Full Information About This Report: Carry Deck Crane Market Report