According to BlueWeave Consulting, The Global Cranes Rental Market is anticipated to grow at a significant rate during the forecast period. The Global Cranes Rental Market is projected to grow from USD 42.1 billion in the year 2019 and is anticipated to reach USD 53.1 billion by the year 2024, at a CAGR of 4.7% during the forecast period, 2019 to 2024.
Global Cranes Rental Market: Competitive Insight
Action Construction Equipment Ltd. (India), Maxim Crane Works, L.P. (US), ALE (US), Sanghvi Movers Limited (India), and Deep South Crane and Rigging (US), Sarens NV (Belgium), Mammoet (Netherlands), ALL Erection & Crane Rental Corp. (US), Lampson International LLC (US), among others, are some of the major players in the global cranes rental market. These key industry players have been consistently focusing on updated marketing strategies such as product launches, new contracts, acquisitions, expansions, joint ventures, partnerships, and investments which has helped them to boost their businesses in potential and untapped markets.
The Asia Pacific region is the biggest shareholders of the global crane rental market during the estimated time frame.
The Asia Pacific region drove the global cranes rental market in 2018, which is relied upon to develop at a high rate during the figure time frame, attributable to the expanding interest for cranes on rental premises from China, Japan, India, Australia, and different nations. Also, rising populace levels and expanding ventures from local and outside financial specialists are relied upon to drive the development of the Asia Pacific cranes rental market.
Scope of the Report
By Weight Lifting Capacity
- Low
- Low-Medium
- Heavy
- Extreme Heavy
By Type
- Fixed
- Mobile
By End-User
- Marine & Offshore
- Building & Construction
- Mining & Excavation
- Transportation
- Oil & Gas
Besides, the report provides an analysis of the Global Cranes Rental market with respect to the following geographic segments:
North America
- U.S.
- Rest of North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Middle East and Africa
- Southern Africa
- Rest of Middle East and Africa
Latin America
- Brazil
- Rest of Latin America
