Crane Rental Market by Product Type. Application, and Geography - Forecast and Analysis - 2023-2027

Published: Dec 2022 Pages: 144 SKU: IRTNTR74822

Crane Rental Market Forecast 2023-2027

The crane rental market is estimated to grow by USD 13.02 billion at a CAGR of 4.93% between 2022 and 2027. The growth in end-user industries due to urbanization, such as infrastructure development, real estate, and consumer goods, is boosting market growth by increasing the demand for various products and services. The growth of the construction industry, driven by urbanization and industrialization, is also driving market expansion by creating demand for construction materials, equipment, and services. Additionally, the rise in demand for oil and natural gas globally, driven by economic growth and increasing energy needs, is creating opportunities for growth in the oil and gas industry. Overall, these factors are contributing to the growth of various industries and driving economic development worldwide.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by product type (mobile cranes, fixed cranes, and marine and port cranes), application (construction, industrial, and utilities), and geography (APAC, Middle East and Africa, North America, Europe, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Product Type

The market share growth of the mobile cranes segment will be significant during the forecast period. The segment of the global crane rental market includes all-terrain cranes, crawler cranes, and city cranes, among others. The increasing investments in the development of megacities are a major driver of this segment. Population growth and rapid urbanization have led to an uptick in demand for new cities with adequate transport and infrastructure facilities. As a result, the number of urban infrastructure projects is increasing globally, which is driving the demand for mobile cranes.

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The mobile cranes segment was valued at 17.15 billion in 2017The continuous increase in the demand for mobile cranes is intensifying the competition among mobile crane manufacturers. This has led to continuous improvements and the introduction of new technologies in the segment, such as the single-engine concept for lifting crane superstructures on new models with five or more axles; smart control systems; the development of mobile cranes with high-strength steels; and advanced pressing and welding techniques that turn 4 mm plates into strong sections.

Furthermore, there are innovations related to lightweight in the segment. Such improvements are expected to drive the global growth of the segment of the crane rental market during the forecast period.

By Region

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APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The crane rental market in APAC is expected to record a significant growth rate during the forecast period, with high demand from the construction and industrial sectors. The construction sector accounts for a significantly large share in the crane rental market in APAC. The advent of product innovations, along with other technological innovations, has significantly increased the demand for these from the utility sector in the region. Countries such as China, Korea, and India are increasingly using these to set up wind turbines. These factors will drive the crane rental market in APAC during the forecast period.

Market Dynamics and Customer Landscape

 

The market is experiencing substantial growth across various industries such as building & construction, transportation, and oil & gas. Key players like Sarens NV and Mammoet are driving the market with their expertise in providing mobile cranes with high weight-lifting capacity. This growth is fueled by significant investments from both government and private sectors in large-scale infrastructure development projects, including railway stations, high-rises, airports, and roadways. The market's expansion is further supported by the availability of trained crane operators and upskilling initiatives, leading to enhanced operational efficiency and the adoption of crane rental as a cost-effective solution for project requirements. Urbanization and technological advancements are also contributing to the boom in the construction industry, driving the demand for flexible equipment options in the crane rental market. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The growth in end-user industries due to urbanization is notably driving market growth. Rapid urbanization is driving the development of end-user industries like manufacturing, transportation and logistics, and utilities, which in turn will boost the demand for crane rental services in these sectors. This urbanization trend, particularly prominent in developing nations, is expected to result in a rise in the number of megacities by the end of the forecast period. This trend is driven by infrastructure development, urbanization, and technological advancements. By 2030, it is projected that the number of megacities will notably increase, especially in countries such as China, India, and South Africa.

 

The uptick in megacity numbers indicates a surge in population migration from rural to urban areas. This migration fuels growth in the construction and infrastructure sectors, driving the need for cost-effective solutions. Cities are expanded and constructed to accommodate the growing population, leading to the development of infrastructure such as hotels, railways, roads, hospitals, and housing. This surge in construction and infrastructure development drives the demand for construction and industrial machinery, consequently boosting the need for crane rentals.

Significant Market Trend

The development of autonomous cranes is the primary trend in the market. Modern cranes use smart software for various functions such as changing position, speed, and acceleration. Artificial intelligence (AI) enables machines to operate autonomously with sensor-based inputs. Autonomous cranes can perform repetitive tasks without human intervention. Artificial intelligence can help control material lifting and moving processes by receiving and sending signals to crane sensors. Sensors analyze and transform measurement data to make decisions, such as stopping cranes to avoid collisions and improving safety on construction sites. With the focus on autonomous systems in the construction industry, the adoption of these is expected to increase, positively impacting the market during the forecast period.

Major Market Challenge

Shortage of skilled workers in the construction industry is the major challenge impeding market growth. The global crane rental market requires trained professionals to operate the machines. Lack of skilled labor and increasing competition in the industry are challenging the market. To ensure profitability, suppliers focus on more work with less staff. This leads to a shift from technically competent work to other versatile jobs in the material handling process, increasing knowledge. As the demand for construction activities increases worldwide, there is a shortage of skilled labor in this field. According to the Finnish Center for Labor Statistics, the employment of working engineers and other construction machinery engineers worldwide has increased by 21,600 in the last five years. A decrease in the number of engineers leads to delays in the completion of construction projects, which leads to a decrease in the demand for cranes. Thus, the lack of skilled labor is expected to curb the growth of the global crane rental market during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Crane Rental Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Action Construction Equipment Ltd. - The company is one of the largest tower crane rental companies in India with a big fleet size of tower cranes working across the country as its key offerings. The company offers cranes for different processes and discrete industries like oil and gas, power, civil engineering, construction, and petrochemical industries to lift and transport heavy materials.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Falcon tower crane services Ltd
  • Lampson International LLC
  • Leavitt Cranes
  • Mammoet
  • Maxim Crane Works L.P
  • Prangl Gesellschaft M.B.H
  • Rapicon Inc
  • Sarens NV
  • Skycrane
  • Starlog Enterprises Ltd.
  • Tat Hong Holdings Ltd.
  • Titan Cranes and Rigging
  • United Crane and Rigging
  • United Equipment Group
  • WASEL GmbH

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Type Outlook 
    • Mobile cranes
    • Fixed cranes
    • Marine and port cranes
  • Application Outlook 
    • Construction
    • Industrial
    • Utilities
  • Region Outlook 
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina 

Market Analyst Overview

The market is influenced by various factors such as the construction industry boom and limited supply of specialized cranes, leading to longer waiting times and restricted project capabilities. Challenges like skilled worker scarcity and lack of trained crane operators impact the market, prompting training programs and sustainable construction practices. Despite these challenges, rental service providers benefit from the market's advantages, including rental market advantages and complexity of projects. The market also sees growth due to offshore drilling projects and oil & gas extraction systems, driving demand for mobile cranes rental services with high weight lifting capacity for worker safety in remote rural areas and transportation industry projects.

The market is impacted by several factors, including internet penetration initiatives that drive the need for mobile connectivity and telecommunication facilities in remote areas. Labor costs and the manufacturing industry influence the market, as do the presence of overhead electricity lines and the reliance on alternative solutions in construction projects. Additionally, the market considers the availability of telephone lines for communication. These factors highlight the importance of efficient crane rental services in meeting the diverse needs of construction and infrastructure projects, ensuring safety and productivity in operations.

 Market Scope

Report Coverage

Details

Page number

144

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.93%

Market growth 2023-2027

USD 13.02 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.14

Regional analysis

APAC, Middle East and Africa, North America, Europe, and South America

Performing market contribution

APAC at 35%

Key countries

US, United Arab Emirates, Saudi Arabia, China, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Action Construction Equipment Ltd., ALL Crane, Bigge Crane and Rigging Co., Bothar Boring & Tunnelling Operations, Buckner Heavylift Cranes LLC, Falcon tower crane services Ltd, Lampson International LLC, Leavitt Cranes, Mammoet, Maxim Crane Works L.P, Prangl Gesellschaft M.B.H, Rapicon Inc, Sarens NV, Skycrane, Starlog Enterprises Ltd., Tat Hong Holdings Ltd., Titan Cranes and Rigging, United Crane and Rigging, United Equipment Group, and WASEL GmbH

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global crane rental market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global crane rental market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Product Type
      • Exhibit 32: Chart on Comparison by Product Type
      • Exhibit 33: Data Table on Comparison by Product Type
    • 6.3 Mobile cranes - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Mobile cranes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Mobile cranes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Mobile cranes - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Mobile cranes - Year-over-year growth 2022-2027 (%)
    • 6.4 Fixed cranes - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Fixed cranes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Fixed cranes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Fixed cranes - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Fixed cranes - Year-over-year growth 2022-2027 (%)
    • 6.5 Marine and port cranes - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Marine and port cranes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Marine and port cranes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Marine and port cranes - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Marine and port cranes - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product Type
      • Exhibit 46: Market opportunity by Product Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 Construction - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Construction - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Construction - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • 7.4 Industrial - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.5 Utilities - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Utilities - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Utilities - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Utilities - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Utilities - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 63: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 United Arab Emirates - Market size and forecast 2022-2027
      • Exhibit 93: Chart on United Arab Emirates - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on United Arab Emirates - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on United Arab Emirates - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on United Arab Emirates - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Action Construction Equipment Ltd.
              • Exhibit 116: Action Construction Equipment Ltd. - Overview
              • Exhibit 117: Action Construction Equipment Ltd. - Business segments
              • Exhibit 118: Action Construction Equipment Ltd. - Key offerings
              • Exhibit 119: Action Construction Equipment Ltd. - Segment focus
            • 12.4 ALL Crane
              • Exhibit 120: ALL Crane - Overview
              • Exhibit 121: ALL Crane - Product / Service
              • Exhibit 122: ALL Crane - Key offerings
            • 12.5 Bigge Crane and Rigging Co.
              • Exhibit 123: Bigge Crane and Rigging Co. - Overview
              • Exhibit 124: Bigge Crane and Rigging Co. - Product / Service
              • Exhibit 125: Bigge Crane and Rigging Co. - Key offerings
            • 12.6 Buckner Heavylift Cranes LLC
              • Exhibit 126: Buckner Heavylift Cranes LLC - Overview
              • Exhibit 127: Buckner Heavylift Cranes LLC - Product / Service
              • Exhibit 128: Buckner Heavylift Cranes LLC - Key offerings
            • 12.7 Lampson International LLC
              • Exhibit 129: Lampson International LLC - Overview
              • Exhibit 130: Lampson International LLC - Product / Service
              • Exhibit 131: Lampson International LLC - Key offerings
            • 12.8 Leavitt Cranes
              • Exhibit 132: Leavitt Cranes - Overview
              • Exhibit 133: Leavitt Cranes - Product / Service
              • Exhibit 134: Leavitt Cranes - Key offerings
            • 12.9 Mammoet
              • Exhibit 135: Mammoet - Overview
              • Exhibit 136: Mammoet - Product / Service
              • Exhibit 137: Mammoet - Key offerings
            • 12.10 Maxim Crane Works L.P
              • Exhibit 138: Maxim Crane Works L.P - Overview
              • Exhibit 139: Maxim Crane Works L.P - Product / Service
              • Exhibit 140: Maxim Crane Works L.P - Key offerings
            • 12.11 Rapicon Inc
              • Exhibit 141: Rapicon Inc - Overview
              • Exhibit 142: Rapicon Inc - Product / Service
              • Exhibit 143: Rapicon Inc - Key offerings
            • 12.12 Sarens NV
              • Exhibit 144: Sarens NV - Overview
              • Exhibit 145: Sarens NV - Product / Service
              • Exhibit 146: Sarens NV - Key offerings
            • 12.13 Skycrane
              • Exhibit 147: Skycrane - Overview
              • Exhibit 148: Skycrane - Product / Service
              • Exhibit 149: Skycrane - Key offerings
            • 12.14 Tat Hong Holdings Ltd.
              • Exhibit 150: Tat Hong Holdings Ltd. - Overview
              • Exhibit 151: Tat Hong Holdings Ltd. - Product / Service
              • Exhibit 152: Tat Hong Holdings Ltd. - Key offerings
            • 12.15 Titan Cranes and Rigging
              • Exhibit 153: Titan Cranes and Rigging - Overview
              • Exhibit 154: Titan Cranes and Rigging - Product / Service
              • Exhibit 155: Titan Cranes and Rigging - Key offerings
            • 12.16 United Crane and Rigging
              • Exhibit 156: United Crane and Rigging - Overview
              • Exhibit 157: United Crane and Rigging - Product / Service
              • Exhibit 158: United Crane and Rigging - Key offerings
            • 12.17 WASEL GmbH
              • Exhibit 159: WASEL GmbH - Overview
              • Exhibit 160: WASEL GmbH - Product / Service
              • Exhibit 161: WASEL GmbH - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              crane rental market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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