TechNavio today launched its report, Global Crane Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The growth of the Global Crane lies behind the increase in technological innovation across the globe. Several manufacturers are developing technologically advanced cranes which have better control systems and are more efficient. For instance, some manufacturers are developing cranes that are equipped with an electrical variable frequency drive (VFD) system. This system has the capability to control the rotational speed of an alternating current motor. Moreover, a VFD crane only requires a low start current and does not require a peak start current, which makes this crane more precise and accurate than any other cranes such as electrohydraulic cranes, making them an attractive option for end-users. Thus, the development of next-generation cranes will lead to the growth of Global Crane market during forecast period.”
According to the report, the increase in the civil engineering and construction activities in the APAC region is one of the major factors driving the growth of the Global Crane market. The governments in several countries such as India, China, and Japan have been investing in the development of enhanced infrastructural projects. Several new commercial, residential, and industrial buildings have been constructed in these countries in order to satisfy the demands of the growing population. Several types of mobile cranes such as truck cranes and crawler cranes are used during civil engineering and construction activities to use carrying or lifting objects from one place to another place.
Further, the report reveals that a major challenge in the market is the increasing total cost of ownership.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-crane-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Crane Market 2012-2016
