The global offshore crane market value is expected to garner around US$ 5.21 Bn by 2026, growing at a CAGR of around 8.7% over the forecast period 2019 to 2026.
Offshore crane is elevating and rotating lifting device which is used to move and transfer material and person to or from structures, vessels and baggages. The offshore crane are mainly used in shipboard applications, heavy lift applications, and drilling operations. The standards are used to design and manufacture the offshore crane. There are various offshore cranes which includes mobile crane, marine & port crane, and fixed crane. The growing demand for energy and infrastructure development across the globe further grows the demand for offshore crane. This expected to enhance the production to meet the growing consumption of offshore crane over the forecast period.
Market Dynamics
The growth of the offshore crane market is primarily driven by the rising offshore activities, growing demand for offshore cranes in various end user industries, rapid renewable energy development, and increase in offshore exploration and production activities. Furthermore, growing investment by developing counties in oil and gas reserves, rising demand for oil and gas across the globe, and increase in demand from application sectors which includes oil & gas, marine, and renewable energy, is estimated to boost the market growth. Moreover, rapid urbanization in developing countries, growing infrastructure development, government investment for energy sources and rapid industrialization, potential oilfield discovery, and increase in innovation and development in offshore crane are expected to create opportunities for the manufacturers in the global market over the forecast period. However, growing environmental risk, high entry barriers for new players, and decline in the offshore support vessel demand are expected to hamper the growth of the global offshore crane market in the coming years.
By design type, knuckle boom crane dominated the offshore crane market
Based on design type, the market has been segmented into knuckle boom crane, telescopic boom crane and lattice boom crane. The knuckle boom crane segment accounts of the largest share in the market and are expected to grow at a CAGR of around 7.8% during the forecast period.
Knuckle boom crane enhances the maneuverability due to their extra stability and better operability. The growing demand for transfer and moving of heavy loads, rising demand for safety concerns, and growing demand for machines in marine industries further expected to drive the growth of knuckle boom crane. The manufacturers Cargotec, Konecranes, Liebherr Group, and Terex Corporation are the mainly investing in the development of knuckle boom crane for the various applications in offshore, which expected the lead the market in the coming years.
Based on application, the oil & gas segment is expected to dominate during the forecast period
Based on application, the market has been segmented into oil & gas, marine, renewable energy, and others. The oil & gas segment accounts of the largest share in the market and held for more than 35% of the total market in 2018. The major factors that are driving the growth of this segment are increase in petroleum companies and government-owned gas corporations across the globe and growing investment in offshore drilling projects. This expected to enhance the dominance of the oil & gas segment in the global market over the forecast period.
The market research study on “Offshore Crane Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global offshore crane market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global offshore crane market, its design type, lifting capacity, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global offshore crane market size and volume, and segment markets by design type, lifting capacity, application, and geography along with the information on companies operating in the market. The offshore crane market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Asia-Pacific dominated the regional market with a maximum market share
Asia-Pacific accounted for the high market share of the offshore crane market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of offshore crane in various end user industries, growing infrastructure development, and rapid industrialization are the major driving factor for the region in the global market. Moreover, increase in government spending for renewable energy and oil and gas sector and diversification in the region’s energy sector are expected to enhance the market growth in the global offshore crane market in future. Moreover, strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global offshore crane market during the forecast. North America is expected to hold the second largest in the global market during the forecast period. Presence of major key players, development of offshore crane for marine sector, growing offshore marine projects, and increase in production and consumption of offshore crane, rising number of offshore crane manufacturers are expected to enhance the market growth in the global offshore crane market during the forecast.
Europe is expected to hold the highest CAGR in the global market during the forecast period. The growing government spending on offshore projects, increase in innovation and development in offshore crane, favorable market conditions, and established research and development institutes are expected to enhance the market growth in the global offshore crane market during the forecast.
The players profiled in the report include Cargotec, Konecranes, LiebherrGroup, Terex Corporation, and Zoomlion, Manitowoc, BHuisman, KenzFigee, National Oilwell Varco, Palfinger AG, Seatrax, Inc., and PLM Cranes B.V. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Design Type
- Knuckle Boom Crane
- Telescopic Boom Crane
- Lattice Boom Crane
Market By Lifting Capacity
- 0-500mt
- 500-3000mt
- Above 3000mt
Market By Application
- Oil & Gas
- Marine
- Renewable Energy
- Others
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Offshore Crane
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Offshore Crane Market By Design Type
1.2.2.1. Global Offshore Crane Market Revenue and Growth Rate Comparison By Design Type (2015-2026)
1.2.2.2. Global Offshore Crane Market Revenue Share By Design Type in 2018
1.2.2.2.1. Knuckle Boom Crane
1.2.2.2.2. Telescopic Boom Crane
1.2.2.2.3. Lattice Boom Crane
1.2.3. Offshore Crane Market By Lifting Capacity
1.2.3.1. Global Offshore Crane Market Revenue and Growth Rate Comparison By Lifting Capacity (2015-2026)
1.2.3.1.1. 0-500mt
1.2.3.1.2. 500-3000mt
1.2.3.1.3. Above 3000mt
1.2.4. Offshore Crane Market By Application
1.2.4.1. Global Offshore Crane Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Oil & Gas
1.2.4.3. Marine
1.2.4.4. Renewable Energy
1.2.4.5. Others
1.2.5. Offshore Crane Market By Geography
1.2.5.1. Global Offshore Crane Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North America Offshore Crane Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Offshore Crane Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Offshore Crane Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Offshore Crane Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Offshore Crane Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Offshore Crane Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Offshore Crane Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Offshore Crane Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Offshore Crane Major Manufacturers in 2018
CHAPTER 4. OFFSHORE CRANE MARKET BY DESIGN TYPE
4.1. Global Offshore Crane Revenue By Design Type
4.2. Knuckle Boom Crane
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Telescopic Boom Crane
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Lattice Boom Crane
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. OFFSHORE CRANE MARKET BY LIFTING CAPACITY
5.1. Global Offshore Crane Revenue By Lifting Capacity
5.2. 0-500mt
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. 500-3000mt
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Above 3000mt
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. OFFSHORE CRANE MARKET BY APPLICATION
6.1. Global Offshore Crane Revenue By Application
6.2. Oil & Gas
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Marine
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Renewable Energy
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Others
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA OFFSHORE CRANE MARKET BY COUNTRY
7.1. North America Offshore Crane Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Offshore Crane Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Offshore Crane Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE OFFSHORE CRANE MARKET BY COUNTRY
8.1. Europe Offshore Crane Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Offshore Crane Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC OFFSHORE CRANE MARKET BY COUNTRY
9.1. Asia-Pacific Offshore Crane Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Offshore Crane Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA OFFSHORE CRANE MARKET BY COUNTRY
10.1. Latin America Offshore Crane Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Offshore Crane Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA OFFSHORE CRANE MARKET BY COUNTRY
11.1. Middle East & AFRICA Offshore Crane Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICA Offshore Crane Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Design Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Lifting Capacity, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Cargotec
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Konecranes
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. LiebherrGroup
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Terex Corporation
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Zoomlion
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Manitowoc
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. BHuisman
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. KenzFigee
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. National Oilwell Varco
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Palfinger AG
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
