Preference of cranes on rental basis rather than purchasing them, together with increasing investments in various end-use industries such as building & construction, transportation, and oil & gas, have led to growth in cranes rental market.
Mobile cranes is expected to hold the largest share in cranes rental market due to its wide acceptance in various end-use industries such as building & construction, and transportation. Advantages such as mobility, less time consumption for installation and setup over fixed cranes are expected to fuel the growth of mobile cranes in cranes rental market.
Low weight lifting capacity segment is likely to account for the largest share in cranes rental market. This growth is attributed to the increase in miscellaneous activities for construction, repairs, and maintenance around the globe, which is expected to drive the growth of cranes rental market. Moreover, low weight lifting capacity segment is expected to register the highest CAGR during the forecast period.
Building & construction, which consists of commercial & residential buildings and infrastructure (bridges, tunnels) is the major consumer of cranes in the cranes rental market and is projected to grow at a high rate during the forecast period. This growth is attributed to increasing infrastructure activities in various parts of the world, such as China, India, and Ghana, among other countries. Moreover, increasing investment in public & private sectors from domestic & foreign investors around the globe is expected to drive the growth of cranes rental market during the forecast period.
The Asia Pacific region is expected to lead the cranes rental market, which is expected to grow at a high rate during the forecast period, owing to the increasing demand for cranes on rental basis from China, Japan, India, Australia, and other countries. Moreover, rising population levels and increasing investments from domestic & foreign investors are expected to drive the growth of Asia Pacific cranes rental market.
Sarens NV (Belgium), Mammoet (Netherlands), ALL Erection & Crane Rental Corp. (US), Lampson International LLC (US), Action Construction Equipment Ltd. (India), Maxim Crane Works, L.P. (US), ALE (US), Sanghvi Movers Limited (India), and Deep South Crane and Rigging (US) are the key players in the market.
Key Questions Addressed by the Report
· What are the future revenue pockets in the cranes rental market?
· Which key developments are expected to have a long-term impact on the cranes rental market?
· Which type of cranes with specific weight lifting capacity are expected to cannibalize existing markets?
· How is the current regulatory framework expected to impact the market?
· What will be the future product mix of the cranes rental market?
What are the prime strategies of leaders in the cranes rental market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Ongoing Transformation of Urban Areas Into Smart Cities
3.1.2.Covering of Insurance, Maintenance, and Breakdown Costs By Crane Renting Companies
3.2.1.Lack of Skilled Workforce
3.2.2.Preference for Old Cranes
3.2.3.Low-Rent Cranes Offered By Small and Medium-Sized Enterprises
3.3.1.Development of New Power Plants Using Renewable Sources of Energy
3.3.2.Emergence of the US as a Potential Market for Rented Cranes
4. Executive Summary
5. Cranes Rental Market, By Type
5.1. Mobile Cranes
5.2. Fixed Cranes
6. Cranes Rental Market, By Weight Lifting Capacity
6.1. Low Weight Lifting Capacity
6.2. Low–Medium Weight Lifting Capacity
6.3. Heavy Weight Lifting Capacity
6.4. Extreme Heavy Weight Lifting Capacity
7. Cranes Rental Market, By End-Use Industry
7.1. Building & Construction
7.2. Oil & Gas
7.3. Marine & Offshore
7.4. Mining & Excavation
8. Cranes Rental Market, By Region
8.1. Asia Pacific
8.1.7.Rest of APAC
8.2. Middle East &Africa
8.2.5.Rest of MEA
8.3. North America
8.4.7.Rest of Europe
8.5. South America
8.5.2 Rest of South America
9. Company Profiles
9.2. Sarens NV
9.3. Lampson International LLC
9.5. Maxim Crane Works, L.P.
9.6. Action Construction Equipment Ltd.
9.7. Weldex (International) Offshore Ltd
9.8. Mediaco Group
9.9. Buckner Heavylift Cranes, LLC
9.10. Starlog Enterprises Limited
9.11. Ahern Rentals, Inc.
9.12. United Rentals, Inc.
9.13. All Erection & Crane Rental Corp.
9.14. Uchimiya Transportation and Engineering Co., Ltd.
9.15. Sanghvi Movers Limited
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports