U.S. Markets closed

2019 Report: Cranes Rental Market is Estimated to be USD 42.1 Billion in 2019 and is Projected to Reach USD 53.1 Billion by 2024

DUBLIN, Aug. 15, 2019 /PRNewswire/ -- The "Cranes Rental Market by Type (Mobile, Fixed), Weight Lifting Capacity, End-Use Industry (Building & Construction, Marine & Offshore, Mining & Excavation, Oil & Gas, Transportation), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The Cranes Rental Market is Estimated to be USD 42.1 Billion in 2019 and is Projected to Reach USD 53.1 Billion by 2024, at a CAGR of 4.7% from 2019 to 2024.

Growing investments from domestic and foreign investors in the country's economy are expected to drive the growth of the cranes rental market during the forecast period. Moreover, the preference of cranes on a rental basis rather than purchasing is expected to fuel the growth of the cranes rental market during the forecast period.

Cranes are usually rented by end-users under contract plant-hire agreements (CPAs) instead of purchasing them due to various cost advantages associated with these agreements that include insurance, maintenance, and breakdown liabilities to be addressed by the renting companies.

The cranes rental market has been studied for Asia Pacific, the Middle East & Africa, North America, Europe, and South America. In 2018, the Asia Pacific region accounted for the largest share of 33.0% of the cranes rental market. Increasing building & construction activities in the region and supporting investments from various domestic and foreign investors for the same are expected to fuel the growth of the Asia Pacific cranes rental market during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Ongoing Transformation of Urban Areas Into Smart Cities
5.1.1.2 Covering of Insurance, Maintenance, and Breakdown Costs By Crane Renting Companies
5.1.2 Restraints
5.1.2.1 Preference for Old Cranes
5.1.2.2 Low-Rent Cranes Offered By Small and Medium-Sized Enterprises
5.1.3 Opportunities
5.1.3.1 Development of New Power Plants Using Renewable Sources of Energy
5.1.3.2 Emergence of the Us as A Potential Market for Rented Cranes
5.1.4 Challenges
5.1.4.1 Lack of Skilled Workforce
5.2 Porter's Five Forces Analysis

6 Cranes Rental Market, By Type
6.1 Introduction
6.2 Mobile Cranes
6.3 Fixed Cranes

7 Cranes Rental Market, By Weight Lifting Capacity
7.1 Introduction
7.2 Low Weight Lifting Capacity
7.3 Low-Medium Weight Lifting Capacity
7.4 Heavy Weight Lifting Capacity
7.5 Extreme Heavy Weight Lifting Capacity

8 Cranes Rental Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.3 Oil & Gas
8.4 Marine & Offshore
8.5 Mining & Excavation
8.6 Transportation
8.7 Others

9 Regional Analysis

Company Profiles

  • Action Construction Equipment Ltd
  • Ahern Rentals, Inc
  • Al Jaber Heavy Lift
  • ALE
  • All Erection & Crane Rental Corp
  • Ameco
  • Buckner Heavylift Cranes, LLC
  • Deep South Crane and Rigging
  • Hitachi Construction Machinery Co, Ltd
  • HSS Hire Service Group Plc
  • Lampson International LLC
  • Liebherr-Mietpartner Gmbh
  • Mammoet
  • Maxim Crane Works, LP
  • Mediaco Group
  • Prangl Gesellschaft MBH
  • Sanghvi Movers Limited
  • Sarens Nv
  • Sarilar Group
  • Starlog Enterprises Limited
  • TAT Hong Holdings Ltd
  • Tiong Woon Corporation Holding Ltd
  • Uchimiya Transportation and Engineering Co, Ltd
  • United Rentals, Inc
  • Weldex (International) Offshore Ltd

For more information about this report visit https://www.researchandmarkets.com/r/yoncdp

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716



Cision

View original content:http://www.prnewswire.com/news-releases/2019-report-cranes-rental-market-is-estimated-to-be-usd-42-1-billion-in-2019-and-is-projected-to-reach-usd-53-1-billion-by-2024--300902516.html