Hydraulic Marine Cranes Market Report

Market Insights

Hydraulic Marine Cranes Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Ongoing economic development, government alliances, and relaxation in trade policies, given the importance of globalization, along with an increase in ship/vessel production, globally, is driving the growth of the market. Furthermore, Asian economies such as China, India, Vietnam, Indonesia, and Thailand are seeing a surge in foreign direct investment (FDI) in the manufacturing sector. Regional governments are assisting market participants with a variety of monetary and non-monetary incentives such as reduced taxes, relaxed regulation and reporting norms, and complete ownership of business. Such initiatives are attracting a wide range of businesses to either set up manufacturing facilities or increase manufacturing output. Lowering labor costs and rising disposable income around the world are accelerating seaborne trade. This is expected to drive the adoption of hydraulic marine cranes in the region in the coming years.

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Market Segments' Analysis

Hydraulic Marine Cranes Market Share: By Design Type

Based on the design type, the market is segmented as knuckle boom, telescopic boom, stiff boom, and foldable boom. The foldable boom segment is expected to account for the major share of the market during the forecast period. This unprecedented growth of the market is primarily due to the features offered by foldable boom cranes such as constant torque momentum, compact size, and significant loading and unloading capabilities with regard to handling equipment and containers, among others. They are widely used on ships and boats, as well as in ports.

Hydraulic Marine Cranes Market Share: By Region

In terms of regions, Europe is estimated to be the leading region in the market during the forecast period. The region is home to a large number of marine crane manufacturers. The European hydraulic marine crane market thrives due to demand generated by end-users or ship builders from all over the world. Furthermore, Europe has a large coastline, and the region is home to the world's busiest ports, which handle large volumes of cargo every year, resulting in a high demand for hydraulic marine cranes. The APAC region, on the other hand, is also expected to grow significantly during the forecast period, owing to factors such as growing development of ports.

Market Scope & Segmentation

A hydraulic marine crane is a heavy-duty equipment used for lifting and hoisting. The crane's fluid-filled hydraulic system enables it to transport objects such as heavy shipping containers and tractor trailers that are far beyond the size and scope of any other lifting device.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The hydraulic marine cranes market is segmented into the following categories.

Hydraulic Marine Cranes Market Size, Share, & Forecast, by Design Type:

• Knuckle Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Telescopic Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Stiff Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Foldable Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Hydraulic Marine Cranes Market Size, Share, & Forecast, by Capacity Type:

• Below 50 Tm (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 50–150 Tm (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Above 150 Tm (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Hydraulic Marine Cranes Market Size, Share, & Forecast, by Boom Length Type:

• Below 10 Meters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 10–20 Meters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Above 20 Meters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Hydraulic Marine Cranes Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the Hydraulic Marine Cranes Market are-

• Amco Veba Marine
• Dmw Marine Group
• LLC, Fassi Gru S.p.A.
• Fred Wahl Marine Construction, Inc.
• Heila Cranes S.p.A.
• Hydrauliska Industri AB (HIAB)
• HS. MARINE S.r.L.
• Hyva
• Industrias Guerra, S.A.
• KenzFigee

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the design types by capacity type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.