Global Telescopic Crane Market 2019-2023| Growth Analysis and Forecast| Technavio

Technavio has published a new market research report on the global telescopic crane market for the period 2019-2023. (Graphic: Business Wire)

LONDON--()--According to the global telescopic crane market research report by Technavio, the market will register a CAGR of almost 5% during the period 2019-2023.

A key driver for the global telescopic crane market is the flexible applicability of telescopic cranes. Telescopic cranes have a wide range of applications ranging from the construction sector to rescue operations. These cranes are increasingly used in the construction sector in several significant construction projects. Additionally, they are also being employed in the energy and power distribution sector and in the installation of wind turbines, maintenance of refineries, and establishing power plants.

This global telescopic crane market research report provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the increasing adoption of telescopic cranes for rescue operations as one of the key trends in the global telescopic crane market:

Global telescopic crane market: Increasing adoption of telescopic cranes for rescue operations

Telescopic cranes are finding significant non-traditional applications such as rescue operations owing to the various innovations as well as technological advancements in crane technology. Telescopic cranes can help in shortening rescue/recovery times while exposing fewer rescuers to site dangers. This has resulted in an increased adoption of telescopic cranes for rescue operations as their heavy lifting and moving capabilities can increase their effectiveness during such operations.

“Kenya acquired the telescopic boom crane offered by China Road and Bridge Corporation in 2017. The corporation is an engineering, procurement, and construction contractor. The telescopic boom will be used for recovering stalled or derailed vehicles on the Mombasa-Nairobi standard gauge railway. Many countries are increasingly emphasizing on research and development projects in the field of rescue,” says a senior research analyst at Technavio.

Global telescopic crane market: Segmentation analysis

This telescopic crane market analysis report segments the market by end-user (construction, industrial, and utilities) and geography (the Americas, APAC, and EMEA).

The construction segment held the largest telescopic crane market share in 2018, accounting for nearly 45% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2018 with more than 41% of the market share, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

According to the global telescopic crane market research report by Technavio, the market will register a CAGR of almost 5% during 2019-2023.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com