The market study on Asia Pacific Crane Rental Market provides detailed analysis on this industry including substantial details subject to its overall position in the global landscape and applications across myriad end-user industries.
According to this report, the Asia Pacific crane rental market was valued at USD 4 billion in 2019 and is further projected to record a valuation of USD 5 billion by 2026 while depicting a growth rate of 6% over 2020-2026. In line with this, the study also constitutes of crucial information on the current market scenario, developing technologies, widespread competitive landscape, strategies undertaken by market rivals, prospects, and vivid market segmentations.
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Moreover, details regarding growth rendering factors and ongoing technological trends that are expected to drive the overall Asia Pacific crane rental industry have also been accurately drafted in the research report. The Asia Pacific crane rental market has been potentially fragmented based on product, Application, regions, and competitive landscape, whose in-depth study has also been covered in the report.
The crawler crane segment is expected to witness a growing demand in the Asia Pacific market over the forecast period. These cranes are widely deployed for demolition, bridge constructions, cargo loading, and debris removal. The ability of crawler cranes to operate efficiently on off-road surfaces is further driving their market demand. The rental demand for crawler cranes has grown in recent years owing to the efficient rental, maintenance, and installation services offered by rental companies. They provide technical assistance and mechanics for the installation of replacement parts.
As per the given document, APAC crane rental market has vividly been diversified into regions including China, India, Japan, South Korea. The report also includes substantial information on various factors that contribute to the overall market growth, trending growth opportunities, current and predicted CAGRs, technologies being used, robust presence of top-notch companies, regulatory reforms, and individual market share.
COVID-19 has impacted the economies of Asian countries on a large scale. The virus has caused huge losses to life and the economy in India, Japan, and South Korea. Implementation of nationwide lockdowns to prevent the virus spread has led to a steep decline in economic indicators such as GDP and per capita household income. Complete shutdown of the manufacturing sector during March and June 2020 has affected the production capabilities of crane manufacturers, restricting crane rental industry growth. The market is expected to grow steadily with the reduction in the impact of the pandemic in 2021.
The crane rental market in Asia Pacific is highly consolidated and claims the presence of prominent companies such as Al Jaber Heavy Lift, AT Hong Holdings Ltd., Deep South Crane and Rigging, Lampson International LLC, Mammoet, Mediaco Group, Sanghvi Movers Limited, Sarilar Group, Uchimiya Transportation and Engineering Co., Ltd., Tiong Woon Corporation Holding Ltd., and Weldex (International) Offshore Ltd. Additionally, the document drafted puts forth details on the sales spectrum of each of these firms, their market tactics to maintain strong foothold in the overall market, individual company profiles and market share, and their stance in the global ecosystem.
Chapter 4 Asia Pacific Crane Rental Market Size, By Type (USD)
4.1 Asia Pacific crane rental market share, by type, 2019 & 2026
4.2 Mobile crane
4.2.1 Market estimates and forecast, 2016 - 2026
4.2.2 All terrain crane
126.96.36.199 Market estimates and forecast, 2016 - 2026
4.2.3 Crawler crane
188.8.131.52 Market estimates and forecast, 2016 - 2026
4.2.4 Rough terrain crane
184.108.40.206 Market estimates and forecast, 2016 - 2026
4.2.5 Truck loader crane
220.127.116.11 Market estimates and forecast, 2016 - 2026
4.3 Fixed crane
4.3.1 Market estimates and forecast, 2016 - 2026
4.3.2 Monorail crane
18.104.22.168 Market estimates and forecast, 2016 - 2026
4.3.3 Tower crane
22.214.171.124 Market estimates and forecast, 2016 - 2026
4.3.4 Stiffleg crane
126.96.36.199 Market estimates and forecast, 2016 - 2026
4.3.5 Gantry crane
188.8.131.52 Market estimates and forecast, 2016 - 2026
Chapter 5 Asia Pacific Crane Rental Market Share, By Application (USD)
5.1 Asia Pacific crane rental market share, by application, 2019 & 2026
5.2 Construction & mining
5.2.1 Market estimates and forecast, 2016 – 2026
5.3.1 Market estimates and forecast, 2016 – 2026
5.4.1 Market estimates and forecast, 2016 – 2026
5.5.1 Market estimates and forecast, 2016 – 2026
5.6 Oil & gas
5.6.1 Market estimates and forecast, 2016 - 2026
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