Offshore Crane Market Trends, Size, Forecast - 2019-2025
The global offshore crane market is growing significantly at a CAGR of around 8.0% during the forecast period. Offshore crane is a pedestal mounted elevating and rotating lifting device that is utilized to transfer materials from one vessel to another. Offshore crane is utilized in the production and drilling operation, heavy-lift, and shipboard applications. The global offshore Crane market is significantly growing attributed to prominent trends that the market is witnessing such as increasing the installation of float over and lift processes and increasing the offshore renewable industry. Offshore crane industry is anticipated to grow mainly owing to its increasing application in the oil & gas industry for a heavy-duty operation that includes assembly of oil rigs and construction of wind parks. The growing demand for these machines is increasing owing to large precision and safety measures integrated into offshore models.
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The growing demand for energy owing to the large utilization of electrical appliances and vehicles is resulting in the implementation of wind farms and hence, promoting the growth of the offshore crane market during the forecast period. Growing development in the oil & gas extracting system has resulted in a rising need for repair and maintenance activities that create a large machinery demand. These machines are used to transfer heavy material and personnel from the marine vessels and structures. The rising subsea construction activities are supporting the growth of the market.
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Global Offshore Crane Market Segmentation
By Application
Oil Rig Crane
Marine Crane
Other Cranes
By End-User
Oil & Gas
Marine
Renewable Energy
Other
By Design Type
Knuckle Boom
Telescopic
Lattice
Other
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Appleton Marine, Inc.
Cargotec Corp.
DMW Marine Group
EBI Cranes, LLC
Gulf Crane Services, Inc.
HEILA Cranes S.P.A.
HuismanEquipment B.V.
KenzFigee Group
Konecranes PLC
Liebherr Group
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