All updated as on -
The market for offshore cranes is anticipated to reach USD 35,170 Million by 2030, growing at a CAGR of 10.7% from 2023 to 2030.
The demand for oil rigs will rise as offshore activities expand globally. Additionally, as the number of oil rigs rises, so will the demand for construction vehicles and equipment for rigs. As a result, it will stimulate the demand for cranes on oil rigs. The offshore crane industry is anticipated to increase as a result of these factors. A crane is a device that can be used to lift and lower objects as well as move them horizontally. It is often furnished with a hoist rope, wire ropes or chains, and sheaves. It mostly aids in the lifting and transportation of heavy objects. Marine cranes are made specifically for use in activities and requirements offshore. These are taken out into the waterways for operations, such as loading and unloading, mounted aboard vessels. In due course, it will cause the market for offshore cranes to expand.
There are several different kinds of offshore cranes, including mobile cranes, marine and port cranes, and stationary cranes. Global demand for offshore cranes increased as a result of rising energy and infrastructure development needs. Deep-sea oil and gas exploration and production activity have increased during the past two years. Offshore wind projects have increased as well. These demand special lifting gear. Additionally, businesses are making large investments in the development of cranes. A few tasks, like this equipment's installation procedure, are difficult and call for skilled professionals and labour to be completed without incident.
This industry is primarily driven by the rising number of oil finds in developing nations like Asia and Africa. Rising capital investments in nations like China, India, Nigeria, Angola, Ghana, and Equatorial Guinea are thought to be a contributing factor to the rise in rising economies. Additionally, a major factor propelling the market for offshore cranes is the expansion of deepwater drilling operations across the globe.
Subsea construction, oil exploration, and rising demand for renewable energy are the main drivers influencing the marine crane market's expansion. The market's expansion is hampered by the difficult installation procedure and need for qualified specialists and labourers to prevent damage.
Subsea construction, oil exploration, and rising demand for renewable energy are the main drivers influencing the marine crane market's expansion. The market's expansion is hampered by the difficult installation procedure and need for qualified specialists and labourers to prevent damage. On the other hand, it is projected that the market for offshore cranes would have strong growth due to the quick advancements in offshore exploration and an increase in high wind activities. Additionally, the adoption of offshore cranes for the building and erection of big wind turbines in an offshore setting is encouraged by the surge in demand for renewable energy. Thus, the market for maritime cranes will soon expand as a result.
Report Coverage
Global Offshore Cranes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Offshore Cranes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Offshore Cranes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Offshore Cranes market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Offshore Cranes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Offshore Cranes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Konecranes (Finland), Huisman Equipment B.V. (The Netherlands), Liebherr (Switzerland), National Oilwell Varco (US), Cargotec (Finland), Zoomlion (China), Manitowoc (US), Kenz Figee (the Netherlands), Palfinger (Austria), TEREX Corporation (US), Seatrax, Inc (US), XCMG Group (China), and American Crane and Equipment Corporation (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Offshore Cranes market based on the below-mentioned segments:
Global Offshore Cranes Market, By Type
Knuckle boom
Telescopic
Lattice
Others ( Fixed and stiff hybrid booms)
Global Offshore Cranes market, By Application
Oil rig crane
Marine crane
Other cranes (Cranes used for wind turbine installation and on FPSOs)
Global Offshore Cranes Market, By Lifting Capacity
0-500mt
500-3000mt
Above 3000mt
Global Offshore Cranes market, Regional Analysis
The demand for oil rigs will rise as offshore activities expand globally. Additionally, as the number of oil rigs rises, so will the demand for construction vehicles and equipment for rigs. As a result, it will stimulate the demand for cranes on oil rigs. The offshore crane industry is anticipated to increase as a result of these factors. A crane is a device that can be used to lift and lower objects as well as move them horizontally. It is often furnished with a hoist rope, wire ropes or chains, and sheaves. It mostly aids in the lifting and transportation of heavy objects. Marine cranes are made specifically for use in activities and requirements offshore. These are taken out into the waterways for operations, such as loading and unloading, mounted aboard vessels. In due course, it will cause the market for offshore cranes to expand.
There are several different kinds of offshore cranes, including mobile cranes, marine and port cranes, and stationary cranes. Global demand for offshore cranes increased as a result of rising energy and infrastructure development needs. Deep-sea oil and gas exploration and production activity have increased during the past two years. Offshore wind projects have increased as well. These demand special lifting gear. Additionally, businesses are making large investments in the development of cranes. A few tasks, like this equipment's installation procedure, are difficult and call for skilled professionals and labour to be completed without incident.
This industry is primarily driven by the rising number of oil finds in developing nations like Asia and Africa. Rising capital investments in nations like China, India, Nigeria, Angola, Ghana, and Equatorial Guinea are thought to be a contributing factor to the rise in rising economies. Additionally, a major factor propelling the market for offshore cranes is the expansion of deepwater drilling operations across the globe.
Subsea construction, oil exploration, and rising demand for renewable energy are the main drivers influencing the marine crane market's expansion. The market's expansion is hampered by the difficult installation procedure and need for qualified specialists and labourers to prevent damage.
Subsea construction, oil exploration, and rising demand for renewable energy are the main drivers influencing the marine crane market's expansion. The market's expansion is hampered by the difficult installation procedure and need for qualified specialists and labourers to prevent damage. On the other hand, it is projected that the market for offshore cranes would have strong growth due to the quick advancements in offshore exploration and an increase in high wind activities. Additionally, the adoption of offshore cranes for the building and erection of big wind turbines in an offshore setting is encouraged by the surge in demand for renewable energy. Thus, the market for maritime cranes will soon expand as a result.
Report Coverage
Global Offshore Cranes research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Offshore Cranes report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Offshore Cranes competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Offshore Cranes market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Konecranes (Finland), Huisman Equipment B.V. (The Netherlands), Liebherr (Switzerland), National Oilwell Varco (US), Cargotec (Finland), Zoomlion (China), Manitowoc (US), Kenz Figee (the Netherlands), Palfinger (Austria), TEREX Corporation (US), Seatrax, Inc (US), XCMG Group (China), and American Crane and Equipment Corporation (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Offshore Cranes Market from 2021 to 2030.
- Market Forecast for Offshore Cranes Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Offshore Cranes competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Offshore Cranes
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Offshore Cranes market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Offshore Cranes market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Konecranes (Finland), Huisman Equipment B.V. (The Netherlands), Liebherr (Switzerland), National Oilwell Varco (US), Cargotec (Finland), Zoomlion (China), Manitowoc (US), Kenz Figee (the Netherlands), Palfinger (Austria), TEREX Corporation (US), Seatrax, Inc (US), XCMG Group (China), and American Crane and Equipment Corporation (US)
Primary Target Market
- Market Players of Offshore Cranes
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Offshore Cranes market based on the below-mentioned segments:
Global Offshore Cranes Market, By Type
Knuckle boom
Telescopic
Lattice
Others ( Fixed and stiff hybrid booms)
Global Offshore Cranes market, By Application
Oil rig crane
Marine crane
Other cranes (Cranes used for wind turbine installation and on FPSOs)
Global Offshore Cranes Market, By Lifting Capacity
0-500mt
500-3000mt
Above 3000mt
Global Offshore Cranes market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive offshore cranes market market research and competitor analysis for your business to help you develop more profound insights into the offshore cranes market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the offshore cranes market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.