Offshore Crane Market – Global Industry Forecast & Analysis over 2019 – 2025

Offshore Crane Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Offshore Crane industry. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Offshore Crane Market research one of its kind to offer the most in-depth, readily available data.

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The Asia Pacific Offshore Crane market is witnessing a high growth due to recent discoveries of oil & gas in offshore basins in Australia. Moreover, China and India are posing high demand due to the increased energy need in these countries. The North American region is expected to grow owing to the high adoption for offshore wind farms constructions. For instance, the American Wind Energy Association (AWEA) has implemented offshore windfarms producing 2,000 GW of energy. The systems are utilized in the installation and maintenance of these structures, further supporting the market.

In the Offshore Crane market share, oil & gas application is growing due to the rising demand for petroleum products from the automobile industry. The increasing demand for petroleum has led to the adoption of these machines in drilling rig, production platform, etc., further driving the industry expansion. The adverse weather operability feature has led to the high adoption of these machines in oil rig applications. Several players in the industry have developed a special technique for anti-corrosion, which increases the efficiency and lifetime of the systems, further developing the Offshore Crane market. The high demand for petroleum products from various industries is leading to increased investment by the governments for the implementation of oil fields, further supporting e industry growth.

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The key players operating in the Offshore Crane market share are Terex Corporation, Liebherr Group, Konecranes PLC, Palfinger AG, National Oilwell Varco, Zoomlion, Huisman, Cargotec, and Kenz Figee. These players are focusing on strategic activities, such as merger & acquisition activities and partnerships, to gain a high revenue and an extended reach across the globe. The Offshore Crane market players are highly investing in R&D to develop innovative and fuel-efficient products to strengthen the product portfolio and gain a competitive advantage. For instance, in January 2019, Liebherr announced the launch of its new knuckle boom crane series, which is characterized by a very compact design. In April 2019, Cargotec announced the construction of FiberTrac, the first fiber-rope Offshore Crane. This FiberTrac crane has 150 ton safe working load capacity and an advanced rope monitoring & management systems, which will maximize the rope’s lifespan.

The data in this Offshore Crane Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others.  The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Offshore Crane industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.

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