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Cranes Rental Market Share

  • Report ID: GMI4777
  • Published Date: Dec 2022
  • Report Format: PDF
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Cranes Rental Market Share

Major cranes rental market players include :

  • Ainscough Crane Hire
  •  Al Faris
  • Bigge Crane and Rigging Co
  • Barnhart Crane and Rigging
  • Buckner Heavylift Cranes, LLC
  • Action Construction Equipment Ltd

In recent years, many industry players have turned to partnerships and collaborations to effectively address the skilled worker scarcity and capture a bigger stake in a rapidly growing scenario.
 

Additionally, in November 2022, Sarens, a Belgian crane rental services provider, inked a partnership agreement with PetroVietnam Technical Services Corporation (PTSC), a Vietnam-based oil and gas-related facility contributor, to cater to the offshore renewable industry in Vietnam. Industrial companies and EVN involved in the supply chain practices of offshore wind farm development are looking to commission the first 7GW capacity in 2030, augmenting market dynamics for cranes rental.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cranes rental was valued at USD 13 billion in 2022 and is expected to grow at over 6% CAGR between 2023 and 2032.

The APAC cranes rental industry is expected observe 8% growth from 2023 to 2032, on account of the demand created by the region’s steady economic growth and increasing focus of crane manufacturers along with rental service providers on fleet expansion efforts.

The mobile cranes segment is poised to attain 5% gains during 2023 to 2032, driven by growing internet expansion and mobile connectivity initiatives globally, with cranes being used for the installation and maintenance of power and communication lines across remote regions.

The leading contenders partaking in the cranes rental industry include names such as Maxim Crane Works, L.P., Sanghvi Movers Limited, Mediaco Group, Sarens NV, Sims Crane & Equipment, Sarilar Group, TAT HONG HOLDINGS LTD, among others.

Cranes Rental Market Scope

  • Cranes Rental Market Size
  • Cranes Rental Market Analysis
  • Cranes Rental Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 20
    • Tables & Figures: 289
    • Countries covered: 16
    • Pages: 205
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