Key vendors to focus on product innovation and adoption of innovative technologies.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global marine cranes market in their latest research report. This report also lists 19 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for marine cranes is highly fragmented in nature. The market is characterized by the presence of a substantial number of international and local players. The increase in the infrastructural development, especially in the energy sector with increasing focus on wind turbines, is expected to translate into the growth of the global marine crane market during the forecast period. Technology-based innovations are resulting in the development of energy-efficient cranes.
According to Likhitha Bandla, a lead analyst at Technavio for research on construction, “Vendors in the market are focusing on the incorporation of innovative new technologies to keep the market afloat during the forecast period. Besides, the lifting capacity of cranes is increasing with technological advances, thereby adding to the demand for marine cranes.”
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Top five vendors in the marine crane market space
DMW Marine Group
DMW Marine Group offers a complete range of cranes manufactured for various operations including the marine environment. The entity caters to various industry segments including aquaculture, offshore applications, workboat, military, dock-mounted, and oceanographic industries. It also offers worldwide product service on all its products. The company offers services that include contract, training, start-up, installation, and commissioning.
Key products: Knuckle boom cranes and Telescopic cranes.
EFFER
EFFER manufactures its cranes solely in its four Italian plants. The company’s manufacturing plants are located in Bologna and Taranto. In 2005, the company became a part of the CTE Group, which deals with the production and marketing of elevators and platforms. The company’s manufactured products have a wide range of applications, which include roofing, construction, heavy loads, plate glass handling, pole positioning, and marine.
Key products: Big cranes, Medium cranes, Light cranes, Marine cranes, Knuckle boom cranes, Telescopic cranes, and Foldable cranes.
HEILA Cranes
HEILA Cranes manufactures heavy-duty application cranes designed specifically for marine applications, both ship boarding and offshore. It caters to various industries, including the marine and offshore, oil and gas, and cement industries. The company also provides service and maintenance for its products during the warranty and post-warranty periods.
Key products: Knuckle boom cranes, Telescopic cranes, and Fully foldable telescopic cranes.
LIEBHERR
LIEBHERR is a manufacturer of large marine equipment. The decentrally organized LIEBHERR has 11 companies under it. The company also has existence in the hospitality sector, with hotel properties in Germany, Austria, and Ireland. LIEBHERR has experience in the manufacturing of cranes.
Key products: Mobile and crawler cranes, Tower cranes, and Maritime cranes.
PALFINGER
PALFINGER is a provider of reliable and innovative lifting solutions for applications on commercial vehicles and maritime field. The company is headquartered in Salzburg, Austria, with several manufacturing units in Europe, North America, and Asia.
Key products: Offshore cranes, Wind cranes, Marine cranes, Foldable knuckle boom cranes, Stiff boom cranes, Telescopic boom cranes, Knuckle boom cranes, and Travelling cranes.
A more detailed analysis is available in the Technavio report, Global Marine Cranes Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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