DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4r3srw/global_crane) has announced the addition of the "Global Crane Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Crane market to grow at a CAGR of 7.16 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing civil engineering and construction activities in the APAC region. The Global Crane market has also been witnessing the development of next-generation cranes. However, the increasing total cost of ownership could pose a challenge to the growth of this market.
TechNavio's report, Global Crane Market 2012-2016, has been prepared based on an in-depth market analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers Global Crane market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Liebherr Group, Cargotec Oy, Terex Corp., and XCMG Group.
The other vendors mentioned in the report are Zoomlion Heavy Industry Science and Technology Development Co. Ltd., Konecranes Oyj, Manitowoc Co. Inc., Shanghai Zhenhua Heavy Industries Co. Ltd., Tadano Ltd., Sany Heavy Industry Co. Ltd., Kato Works Co. Ltd., Kobelco Construction Machinery Co. Ltd., Columbus McKinnon Corp., Palfinger AG, Sennebogen Maschinenfabrik GmbH, Link-Belt Construction Equipment Co., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Furukawa Unic Corp., Fuwa Heavy Industry Machinery Co. Ltd., and Favelle Favco Group.
According to the report, the increase in the civil engineering and construction activities in the APAC region is one of the major factors driving the growth of the Global Crane market. The governments in several countries such as India, China, and Japan have been investing in the development of enhanced infrastructural projects. Several new commercial, residential, and industrial buildings have been constructed in these countries in order to satisfy the demands of the growing population. Several types of mobile cranes such as truck cranes and crawler cranes are used during civil engineering and construction activities to use carrying or lifting objects from one place to another place.
For more information visit http://www.researchandmarkets.com/research/4r3srw/global_crane