Offshore Crane Market Size & Share 2023 to 2032
Market Size by Type (Knuckle Boom Crane, Lattice Boom Crane, Telescopic Boom Crane), by Lifting Capacity (0 – 500 mt, 500 – 2, 000 mt, Above 2, 000 mt), by Application (Oil & Gas, Marine, Renewable Energy) & Forecast.Download Free PDF
Report Content
Chapter 1 Methodology and Scope
1.1 Scope & definitions
1.2 Base estimates and calculations
1.3 Forecast calculations
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Offshore Crane industry 3600 synopsis, 2018-2032
2.2 Business trends
2.3 Type trends
2.4 Lifting Capacity trends
2.5 Application trends
2.6 Regional trends
Chapter 3 Offshore Cranes Market Industry Insights
3.1 Impact of COVID-19
3.1.1 North America
3.1.2 Europe
3.1.3 Asia Pacific
3.1.4 Latin America
3.1.5 MEA
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key initiative and news
3.7 Regulatory landscape
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing offshore spending across the globe
3.8.1.2 Expansion of the oil rig exploration sector in North America
3.8.1.3 Large scale oil & gas production in Middle East
3.8.1.4 Development of the offshore exploration & construction activities in China, Norway, and Latin America
3.8.1.5 High wind energy generation activities across the globe
3.8.2 Industry pitfalls & challenges
3.8.2.1 High initial investments involved in purchasing offshore cranes
3.8.2.2 Unavailability of skilled operators
3.8.2.3 Fluctuating oil prices globally
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Cargotec Corporation
4.3.2 Liebherr Group
4.3.3 National Oilwell Vacro
4.3.4 Palfinger AG
4.3.5 Huisman Equipment B.V.
4.3.6 Seatrax Inc.
4.3.7 Appleton Marine, Inc.
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix
Chapter 5 Offshore Crane Market, By Type
5.1 Key trends, by Type
5.2 Knuckle Boom Crane
5.2.1 Market estimates and forecast, 2018-2032
5.3 Lattice Boom Crane
5.3.1 Market estimates and forecast, 2018-2032
5.4 Telescopic Boom Crane
5.4.1 Market estimates and forecast, 2018-2032
Chapter 6 Offshore crane Market, By Lifting Capacity
6.1 Key trends, by Lifting Capacity
6.2 Below 500 mt
6.2.1 Market estimates and forecast, 2018-2032
6.3 500-2000 mt
6.3.1 Market estimates and forecast, 2018-2032
6.4 Above 2000 mt
6.4.1 Market estimates and forecast, 2018-2032
Chapter 7 Offshore Crane Market, By Application
7.1 Key trends, by Application
7.2 Oil & Gas
7.2.1 Market estimates and forecast, 2018-2032
7.3 Marine
7.3.1 Market estimates and forecast, 2018-2032
7.4 Renewable Energy
7.4.1 Market estimates and forecast, 2018-2032
Chapter 8 Offshore Crane Market, By Region
8.1 Key trends, by region
8.2 North America
8.2.1 Market estimates and forecast, by Type, 2018-2032
8.2.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.2.3 Market estimates and forecast, by Application, 2018-2032
8.2.4 U.S.
8.2.4.1 Market estimates and forecast, by Type, 2018-2032
8.2.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.2.4.3 Market estimates and forecast, by Application, 2018-2032
8.2.5 Canada
8.2.5.1 Market estimates and forecast, by Type, 2018-2032
8.2.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.2.5.3 Market estimates and forecast, by Application, 2018-2032
8.3 Europe
8.3.1 Market estimates and forecast, by Type, 2018-2032
8.3.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.3.3 Market estimates and forecast, by Application, 2018-2032
8.3.4 UK
8.3.4.1 Market estimates and forecast, by Type, 2018-2032
8.3.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.3.4.3 Market estimates and forecast, by Application, 2018-2032
8.3.5 Germany
8.3.5.1 Market estimates and forecast, by Type, 2018-2032
8.3.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.3.5.3 Market estimates and forecast, by Application, 2018-2032
8.3.6 France
8.3.6.1 Market estimates and forecast, by Type, 2018-2032
8.3.6.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.3.6.3 Market estimates and forecast, by Application, 2018-2032
8.3.7 Italy
8.3.7.1 Market estimates and forecast, by Type, 2018-2032
8.3.7.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.3.7.3 Market estimates and forecast, by Application, 2018-2032
8.3.8 Norway
8.3.8.1 Market estimates and forecast, by Type, 2018-2032
8.3.8.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.3.8.3 Market estimates and forecast, by Application, 2018-2032
8.4 Asia Pacific
8.4.1 Market estimates and forecast, by Type, 2018-2032
8.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.4.3 Market estimates and forecast, by Application, 2018-2032
8.4.4 China
8.4.4.1 Market estimates and forecast, by Type, 2018-2032
8.4.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.4.4.3 Market estimates and forecast, by Application, 2018-2032
8.4.5 Japan
8.4.5.1 Market estimates and forecast, by Type, 2018-2032
8.4.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.4.5.3 Market estimates and forecast, by Application, 2018-2032
8.4.6 India
8.4.6.1 Market estimates and forecast, by Type, 2018-2032
8.4.6.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.4.6.3 Market estimates and forecast, by Application, 2018-2032
8.4.7 Australia
8.4.7.1 Market estimates and forecast, by Type, 2018-2032
8.4.7.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.4.7.3 Market estimates and forecast, by Application, 2018-2032
8.5 Latin America
8.5.1 Market estimates and forecast, by Type, 2018-2032
8.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.5.3 Market estimates and forecast, by Application, 2018-2032
8.5.4 Brazil
8.5.4.1 Market estimates and forecast, by Type, 2018-2032
8.5.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.5.4.3 Market estimates and forecast, by Application, 2018-2032
8.5.5 Mexico
8.5.5.1 Market estimates and forecast, by Type, 2018-2032
8.5.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.5.5.3 Market estimates and forecast, by Application, 2018-2032
8.6 MEA
8.6.1 Market estimates and forecast, by Type, 2018-2032
8.6.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.6.3 Market estimates and forecast, by Application, 2018-2032
8.6.4 GCC
8.6.4.1 Market estimates and forecast, by Type, 2018-2032
8.6.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.6.4.3 Market estimates and forecast, by Application, 2018-2032
8.6.5 South Africa
8.6.5.1 Market estimates and forecast, by Type, 2018-2032
8.6.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
8.6.5.3 Market estimates and forecast, by Application, 2018-2032
Chapter 9 Company Profiles
9.1 Appleton Marine, Inc.
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Cargotec Corporation
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 DMW Marine Group
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 Heila Cranes
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 Huisman Equipment B.V.
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Italgru S.r.l.
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Kenz Figee Group
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Liebherr Group
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Melcal
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 National Oilwell Varco
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 Palfinger AG
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 PLM Cranes B.V.
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Seatrax, Inc.
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 Sormec
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Strategic Outlook
9.14.5 SWOT Analysis
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Starting at: $2,450
Base Year: 2022
Companies covered: 14
Tables & Figures: 223
Countries covered: 15
Pages: 150
Download Free PDF
Base Year: 2022
Companies covered: 14
Tables & Figures: 223
Countries covered: 15
Pages: 150
Download Free PDF
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Preeti Wadhwani. 2023, March. Offshore Crane Market Size By Type (Knuckle Boom Crane, Lattice Boom Crane, Telescopic Boom Crane), By Lifting Capacity (0 – 500 mt, 500 – 2,000 mt, Above 2,000 mt), By Application (Oil & Gas, Marine, Renewable Energy) & Forecast, 2023 – 2032 (Report ID: GMI4103). Global Market Insights Inc. Retrieved May 11, 2026, from https://www.gminsights.com/toc/details/offshore-crane-market
Offshore Crane Market
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Offshore Crane Market Size
Offshore Crane Market size surpassed a valuation of USD 2 billion in 2022 and is anticipated to register 4% CAGR from 2023 to 2032 propelled by prominent initiatives to develop offshore exploration and construction operations, especially in China.
The industry expansion is primarily fueled by the establishment of large-scale oil & gas productions in Middle East countries. An upsurge in oil & gas investments, along with the growing consumption of oil & gas worldwide, is projected to drive product adoption. For instance, in September 2022, TotalEnergies, a France-based company, signed an investment deal for about USD 1.5 billion with Qatar for the expansion of its natural gas production, the North Field South gas project. Such initiatives by major players are positively influencing the offshore crane market outlook.
Lack of skilled operators may restrain market progression
Despite a positive viewpoint for product espousal, the offshore crane industry faces a major hurdle due to the complexity of the installation of offshore cranes, which requires a skilled professional for its management. Since these cranes must operate in a variety of conditions, including those involving tides, winds, humidity and seawater salinity, competent and knowledgeable personnel is essential. Nonetheless, ongoing efforts by governments to increase offshore energy generation are speculated to help in overcoming this issue through various training and certification programs.
Supportive government investments towards wind farms to help 2000 mt cranes gain traction
In 2022, the above 2000 Mt offshore crane market captured 45% share driven by the rising uptake of heavy-duty cranes for offshore applications, including the assembly of oil rigs and the construction of wind farms. In addition, favorable investments from government and private sector players in building new wind farms to generate sustainable and renewable wind energy are likely to create significant growth opportunities for this segment.
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.
The knuckle boom crane segment is expected to attain 4% gains during owing to its escalating popularity in the development of new ports and harbors. As these cranes offer enhanced maneuverability, reliable operability and stability in confined spaces due to their benefits, such as strength and flexibility, and growing consumer concerns, companies opt for safe cranes for their workers on the deck or vessel. A 2022 research study on the compatibility of offshore knuckle boom cranes concluded that the mechanical feasibility of a motion-compensated knuckle boom crane is more than that of uncompensated cranes.
The North America offshore crane industry is primed to be worth USD 1 billion by 2032, attributed to the escalating demand for renewable electricity across the region. Supportive government initiatives to incorporate renewable energy sources for power generation including offshore wind are benefitting the offshore crane business. Recently, in February 2023, the U.S. government announced its plan to expand floating offshore wind energy capacity by advancing transmission planning, R&D, and partnerships. It aims at deploying 15 GW of floating offshore wind by 2035 reducing the cost of electricity by 70%.
Offshore Crane Market Share
Some of the key participants involved in the offshore crane market are:
These firms primarily focus on product innovation and business expansion in several regions to stay ahead in the competitive environment.
This market research report on offshore crane includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments:
Market, By Type
Market, By Lifting Capacity
Market, By Application
The above information has been provided for the following regions and countries: