Global Cranes Rental Market, By Type (Mobile, Fixed), By Capacity (Low, Medium, Heavy, Extreme Heavy

Published Date: | Report Code : EQ1958616

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The Cranes Rental Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Building & Construction, Mining & Excavation, Transportation, Oil & Gas, Marine & Offshore during the forecast period.

Segment Analysis:

The cranes rental market is segmented into type, capacity and the end-users.

Based on the type, the bifurcation is mobile and fixed. The mobile cranes are more preferred than the fixed cranes as they have mobility, easy installation, widely acceptable, and the demand from the end-user industries for the same is also increasing.

On the basis of the capacity, it is segmented as low (0-100 Tons), medium (101-300 Tons), heavy (301-700 Tons) and extreme heavy (more than 700 Tons).  The low capacity of cranes had the largest market share, as these types of cranes were used widely in various repairs and maintenance activities globally which helps drive the crane rental market. The heavy capacity crane rentals are also growing as they are being used more in construction.

By the end-users, the division is Building & Construction, Mining & Excavation, Transportation, Oil & Gas, Marine & Offshore, Others. Building and construction is the major end-user industry for this market. There has been a significant rise in construction activities globally, be it commercial or residential. Many investments are being made to further infrastructure activities globally. Hence this industry will continue to remain the largest for this market.

The increasing construction activities carried out the APAC and the middle east regions are the biggest market driver.

Key Factors Impacting Market Growth:

  • Increasing preference of renting cranes rather than purchasing

  • Increasing investments from end users in the economy

Key Developments:

  • In July 2018, Cincinnati-based Tri-State Crane was acquired by Maxim Crane Works, L.P. (US) to expand their operations area and facilitate growth

  • In November 2018, SGC-250 (Sarens Giant Crane - 250) known as the largest crane in the world was launched by Sarens NV (Belgium)

Regional Outlook:

Major regions for cranes rental market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for cranes rental owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Building & Construction, Mining & Excavation, Transportation, Oil & Gas, Marine & Offshore. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for cranes rental market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Building & Construction, Mining & Excavation, Transportation, Oil & Gas, Marine & Offshore are estimated to register high demand for cranes rental market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of cranes rental market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for cranes rental market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Lampson International LLC, Sarens NV, Mammoet, ALL Erection & Crane Rental Corp., Action Construction Equipment Ltd., Maxim Crane Works, L.P., ALE, and Sanghvi Movers Limited

Market Segmentation:

By Type:

  • Mobile

  • Fixed

By Capacity:

  • Low

  • Medium

  • Heavy

  • Extreme Heavy

By End Users:

  • Building & Construction

  • Mining & Excavation

  • Transportation

  • Oil & Gas

  • Marine & Offshore

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Capacity

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Capacity

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Capacity

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Capacity

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Capacity

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Capacity

    • By End Users

Reasons To Buy This Report:

  • Market size estimation of the global Cranes Rental Market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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