Marine Cranes Market Scope
Marine cranes are specialized cranes designed for use on boats, ships, offshore platforms, and other marine structures. They are used to lift and move heavy equipment and materials on and off the vessel or platform. Marine cranes are typically designed to withstand harsh marine environments, including saltwater corrosion, high winds, and waves. There are various types of marine cranes available, including pedestal-mounted cranes, knuckle-boom cranes, telescopic cranes, and stiff-boom cranes. The type of crane chosen will depend on the specific requirements of the operation, such as the weight of the load, the distance it needs to be lifted, and the available space on the vessel or platform. Marine cranes are commonly used in offshore oil and gas exploration and production, offshore wind farm installation and maintenance, dredging operations, and marine construction projects. They play a critical role in the efficient and safe operation of marine vessels and platforms.
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|Key Companies Profiled||Liebherr Group (Switzerland), Konecranes (Finland), Huisman Equipment BV (Netherlands), Palfinger AG (Austria), Cargotec Corporation (Finland), TTS Group ASA (Norway), Zoomlion Heavy Industry Science and Technology Co. Ltd. (China), Kenz Figee Group (Netherlands), North Pacific Crane Company (United States) and National Oilwell Varco, Inc. (United States)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality Service to cater to the ever-growing demand for Marine cranes. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Marine Cranes market throughout the predicted period.
Liebherr Group (Switzerland), Konecranes (Finland), Huisman Equipment BV (Netherlands), Palfinger AG (Austria), Cargotec Corporation (Finland), TTS Group ASA (Norway), Zoomlion Heavy Industry Science and Technology Co. Ltd. (China), Kenz Figee Group (Netherlands), North Pacific Crane Company (United States) and National Oilwell Varco, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are HEILA Cranes S.p.A. (Italy), Effer S.p.A. (Italy), MacGregor (Finland), EBI Cranes (Italy) and FUWA Heavy Industry Co., Ltd. (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Marine Cranes market by Type , by Application (Cargo handling, Offshore construction, Salvage operations and Others) and Region with country level break-up.
On the basis of geography, the market of Marine Cranes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn March 2020, Global Marine Group, with its headquarters in Chelmsford, UK, has been acquired by an investment affiliate of J.F. Lehman & Company, a prominent middle-market private equity firm that focuses exclusively on the aerospace, defense, maritime, government, and environmental sectors.
In June 2021, Liebherr Group launched a new range of offshore cranes for the oil and gas industry, called the RL-K 7500. The crane has a lifting capacity of up to 300 tons and is designed for use on floating production units, drilling rigs, and other offshore platforms.
Influencing Trend:Increasing adoption of electric and hybrid marine cranes for reduced emissions and fuel consumption, and Growing use of smart sensors and IoT technology for real-time monitoring and predictive maintenance of marine cranes
Market Growth Drivers:Growing demand for container handling equipment in ports and shipping yards
Challenges:Increasing concerns about cybersecurity in the marine industry
Restraints:High installation and maintenance costs of marine cranes
Opportunities:Growing demand for eco-friendly and sustainable marine cranes, and Increasing use of remote-controlled and autonomous marine cranes
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory and Research Organizations