Dublin, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The "Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Design, Capacity, and Boom Length" report has been added to ResearchAndMarkets.com's offering.
According to this report the market is expected to reach US$ 5,850.88 million by 2028, registering a CAGR of 6.4% from 2021 to 2028.
The marine crane market is growing substantially, owing to the presence of a large number of players operating in the market. The market players are experiencing significant demand for their product, owing to rise in ship/vessel production across the ship builders. Europe comprises the highest volume of hydraulic marine crane manufacturers, followed by APAC and North America. The leading European hydraulic marine crane manufacturers include Heila Cranes S.p.A, HIAB, Palfinger AB, Liebherr, MKG Maschinen & Kranvertrieb GmbH, and Konecranes. The players mentioned above invest noteworthy amounts in respective R&D teams to innovate newer models, which attract the end users (ship builders as well as ship owners).
In the APAC region, Chinese marine crane manufacturers dominate the market. Companies such as Jiangsu OUCo Heavy Industry and Technology Co., Ltd.; SANSANGIN Heavy Industries Ltd.; Jiangsu Tonghui Lifting Equipment Co. Ltd.; and PilotFits Engineering Co., Ltd., are the leading manufacturers of marine cranes. China accounts for the largest sea trade business in the region, holding nearly 60% of the sea trade business in the APAC. Additionally, the ship building industry in China is enormous. Thus, coupling the sea trade business and ship building industry, the Chinese hydraulic marine crane market players observe continuous demand for their products. This factor is driving the hydraulic marine cranes market. Apart from China, Japanese and South Korean marine crane manufacturers also enjoy sufficient order volumes year-on-year, which supports the growth of the hydraulic marine crane market in APAC.
From the North American perspective, the US and Canada dominate the market from both supply side and demand side. The two countries have noteworthy number of hydraulic marine crane manufacturers, as well as ship builders and ship owners. Also, the number of marine ports in the two countries are higher as compared to Mexico. The higher number of marine cranes suppliers as well as end users is one of the critical factors propelling the hydraulic marine crane market. The leading hydraulic marine crane market players in the region include Fred Wahl Marine Construction, Inc.; The Manitowoc Company, Inc.; Allied Systems Company; Hawboldt Industries; and Appleton Marine, Inc.
The hydraulic marine cranes market is segmented into design, capacity, boom length, and geography. Based on design, the market is further segmented into knuckle boom, telescopic boom, stiff boom, and foldable boom. In 2021, the foldable boom segment accounted for a significant share in the global hydraulic marine cranes market. In terms of capacity, the market is categorized into below 50 Tm, 50-150 Tm, and above 150 Tm. In 2021, the 50-150 Tm segment accounted for a significant share in the global hydraulic marine cranes market. Based on boom length, the market is further segmented into below 10 meters, 10- 20 meters, and above 20 meters. In 2021, the below 10 meters segment accounted for a significant share in the global hydraulic marine cranes market. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America (SAM). In 2021, Europe accounted for a significant share in the global hydraulic marine cranes market.
Impact of COVID-19 Pandemic on Hydraulic Marine Cranes Market
The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID-19, the marine industry was experiencing substantial growth; however, the outbreak of the virus has been reflecting a notable decline in the adoption of marine equipment including hydraulic marine cranes. Owing to the containment measures such as lockdowns, business shutdowns, and travel restrictions, the production and supply chain of hydraulic marine cranes were negatively affected, leading to decline in production from the supply side. Moreover, as majority of countries strictly implemented containment measures, the trading activities were severely affected. This, in turn, negatively affected the adoption hydraulic marine crane from supply side in 2020. However, as the trading activities picked pace from the last quarter of 2020, the market players are experiencing steady growth in demand from end users of hydraulic marine cranes.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global hydraulic marine crane market.
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
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Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Hydraulic Marine Crane Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
5. Hydraulic Marine Crane Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Sea-borne Trade Activities
5.1.2 Presence of Large Number of Market Players
5.2 Market Restraints
5.2.1 Regulatory Pressure on Fishing Industry
5.3 Market Opportunities
5.3.1 Development of Large Number of Ports
5.4 Future Trends
5.4.1 Development of Electrically Powered Marine Cranes
5.5 Impact Analysis of Drivers and Restraints
6. Hydraulic Marine Cranes - Global Market Analysis
6.1 Global Hydraulic Marine Crane Market Overview
6.2 Global Hydraulic Marine Crane Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Hydraulic Marine Crane Market Revenue and Forecast to 2028 - By Design
7.1 Overview
7.2 Hydraulic Marine Crane Market, by Design (2020 & 2028)
7.3 Knuckle Boom
7.3.1 Overview
7.3.2 Knuckle Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
7.4 Telescopic Boom
7.4.1 Overview
7.4.2 Telescopic Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
7.5 Stiff Boom
7.5.1 Overview
7.5.2 Stiff Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
7.6 Foldable Boom
7.6.1 Overview
7.6.2 Foldable Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
8. Hydraulic Marine Crane Market Analysis and Forecast to 2028 - By Capacity
8.1 Overview
8.2 Hydraulic Marine Crane Market, by Capacity (2020 & 2028)
8.3 Below 50 Tm
8.3.1 Overview
8.3.2 Below 50 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
8.4 - 150 Tm
8.4.1 Overview
8.4.2 - 150 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
8.5 Above 150 Tm
8.5.1 Overview
8.5.2 Above 150 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
9. Hydraulic Marine Crane Market Analysis and Forecast to 2028 - By Boom Length
9.1 Overview
9.2 Hydraulic Marine Crane Market, by Boom Length (2020 & 2028)
9.3 Below 10 Meters
9.3.1 Overview
9.3.2 Below 10 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
9.4 - 20 Meters
9.4.1 Overview
9.4.2 - 20 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
9.5 Above 20 Meters
9.5.1 Overview
9.5.2 Above 20 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)
10. Hydraulic Marine Crane Market - Geographic Analysis
11. Hydraulic Marine Crane Market - COVID-19 Impact Analysis
11.1 Overview
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 APAC: Impact Assessment of COVID-19 Pandemic
11.1.4 MEA: Impact Assessment of COVID-19 Pandemic
11.1.5 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Amco Veba Marine
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 DMW Marine Group, LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Fassi Gru S.p.A.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fred Wahl Marine Construction, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 HEILA Cranes S.p.a.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HIAB
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 HS.MARINE S.r.l.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 INDUSTRIAS GUERRA, SA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Kenz Figee
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Puma Cranes
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 HYVA
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 TMS
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 MELCAL S.p.A.
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Palfinger AG
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 MKG Maschinen & Kranvertrieb GmbH
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
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