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Hydraulic Marine Cranes Market to Grow at 6.4% CAGR to Hit USD 5,850.88 Million by 2028 | Says, The Insight Partners

The Hydraulic Marine Cranes Market report by “The Insight Partners” entails detailed information regarding the market valuation over the analysis period.

NEW YORK, UNITED STATES, December 2, 2022 /EINPresswire.com/ -- According to the new research report titled “Hydraulic Marine Cranes Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 5,850.88 million by 2028, registering a CAGR of 6.4% from 2021 to 2028.


The marine crane market is growing substantially, owing to the presence of a large number of players operating in the market. The market players are experiencing significant demand for their product, owing to rise in ship/vessel production across the ship builders. Europe comprises the highest volume of hydraulic marine crane manufacturers, followed by APAC and North America. The leading European hydraulic marine crane manufacturers include Heila Cranes S.p.A, HIAB, Palfinger AB, Liebherr, MKG Maschinen & Kranvertrieb GmbH, and Konecranes. The players mentioned above invest noteworthy amounts in respective R&D teams to innovate newer models, which attract the end users (ship builders as well as ship owners).

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Companies Profiled in this report includes: Amco Veba Marine,Dmw Marine Group,Fassi Gru S.p.A.,Fred Wahl Marine Construction, Inc.,Heila Cranes S.p.A.,HIAB,HS.MARINE S.r.L.,HYVA,Industrias Guerra, S.A.,Kenz Figee,Melcal,Mkg Maschinen-& Kranvertrieb,Palfinger AB,TMS

The hydraulic marine cranes market is segmented into design, capacity, boom length, and geography. Based on design, the market is further segmented into knuckle boom, telescopic boom, stiff boom, and foldable boom. In 2021, the foldable boom segment accounted for a significant share in the global hydraulic marine cranes market. In terms of capacity, the market is categorized into below 50 Tm, 50–150 Tm, and above 150 Tm. In 2021, the 50–150 Tm segment accounted for a significant share in the global hydraulic marine cranes market. Based on boom length, the market is further segmented into below 10 meters, 10– 20 meters, and above 20 meters. In 2021, the below 10 meters segment accounted for a significant share in the global hydraulic marine cranes market. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America (SAM). In 2021, Europe accounted for a significant share in the global hydraulic marine cranes market.

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Impact of COVID-19 Pandemic on Hydraulic Marine Cranes Market

The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID-19, the marine industry was experiencing substantial growth; however, the outbreak of the virus has been reflecting a notable decline in the adoption of marine equipment including hydraulic marine cranes. Owing to the containment measures such as lockdowns, business shutdowns, and travel restrictions, the production and supply chain of hydraulic marine cranes were negatively affected, leading to decline in production from the supply side. Moreover, as majority of countries strictly implemented containment measures, the trading activities were severely affected. This, in turn, negatively affected the adoption hydraulic marine crane from supply side in 2020. However, as the trading activities picked pace from the last quarter of 2020, the market players are experiencing steady growth in demand from end users of hydraulic marine cranes.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
PressRelease: https://www.theinsightpartners.com/pr/hydraulic-marine-cranes-market

Sameer Joshi
The Insight Partners
+ +91 9666111581
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