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Offshore Crane Market Analysis

  • Report ID: GMI4103
  • Published Date: Mar 2023
  • Report Format: PDF

Offshore Crane Market Analysis

The offshore crane market from the oil & gas segment is estimated to amass USD 1.5 billion by 2032. The rising requirement of offshore cranes on oil rigs due to their extensive use for various daily tasks, including lifting drill pipes, maintenance equipment from ships and other tasks are stimulating industry growth. Companies in the sector are deploying offshore cranes to maintain, assemble, and supply oil & gas extraction systems. For example, in January 2023, SMST received a delivery contract for its offshore crane from Marco Polo Marine to continue its Commissioning Service Operations Vessel project.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of offshore crane exceeded USD 2 billion in 2022 and is anticipated to grow at 4% CAGR during 2023 to 2032 propelled by proliferating initiatives to develop offshore exploration and construction operations, especially in China.

The 2000 mt segment captured 45% market share in 2022 as a result of the rising uptake of heavy-duty cranes for offshore applications, including the assembly of oil rigs and the construction of wind farms.

The oil & gas application segment is projected is estimated amass USD 1.5 billion by 2032 owing to the rising product adoption on oil rigs due to their extensive use for various daily tasks, including lifting drill pipes, maintenance equipment from ships and other tasks.

The North America market is primed to reach USD 1 billion by 2032 on account of supportive government initiatives to incorporate renewable energy sources for power generation including offshore wind in the region.

The manufacturers operating in the global business scenario are Palfinger AG, Liebherr, MacGregor, Konecranes PLC, Huisman Equipment, Kenz Figee, and Heila Group

Offshore Crane Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 223
  • Countries covered: 15
  • Pages: 150
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