DUBLIN--(BUSINESS WIRE)--The "Crane and Hoist Market by Crane Type (Mobile Crane, Fixed Crane), Hoist Type (Wire Rope, Roller Load Chain, Welded Link Load Chain), Crane Operation (Hydraulic, Electric, Hybrid), Hoist Operation, Industry, Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The cranes market is expected to be valued at USD 32.93 Billion in 2017 and is projected to reach USD 44.7 Billion by 2023, at a CAGR of 5.22% between 2017 and 2023. The hoists market is expected to be valued at 1.82 USD Billion in 2017 and is projected to reach USD 2.65 Billion by 2023, at a CAGR of 6.41% between 2017 and 2023.
The growth of the crane and hoist market is propelled by the increasing demand for construction machinery in the construction industry and in the mining industry for ore extraction. The increasing demand for lifting loads in the shipping industry and for material handling equipment in the aerospace & defense industry is a key opportunity for the players in the crane and hoist market.
Based on fixed cranes, the market for ship-to-shore cranes is projected to grow at the highest CAGR between 2017 and 2023. Ship-to-shore (STS) cranes are the largest cranes used in marine and shipping industries. Ship-to-shore cranes are designed and constructed for the main function of loading and unloading containers from a container vessel.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights-Cranes And Hoists Market
5 Market Overview
6 Cranes Market, By Type
7 Cranes Market, By Operations
8 Cranes Market, By Industry
9 Regional Analysis: Cranes Market
10 Hoists Market, By Type
11 Hoists Market, By Operations
12 Hoist Market, By Industry
13 Hoist Market, By Region
14 Competitive Landscape
15 Company Profiles
- Columbus Mckinnon
- Ingersoll Rand
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