The heavy lifting and haulage market is expected to grow from an estimated USD 266.14 billion in 2024 to USD 469.10 billion in 2033, at a CAGR of 6.5%.
Growth in the field of offshore oil and gas exploration is likely to continue propelling the heavy lifting and haulage market. The growth of energy projects is one of the major factors driving the demand for specialized heavy-lifting equipment. Such equipment includes not only the traditional form of oil and gas exploration but increasingly takes the form of renewable sources, particularly large-scale wind farms located offshore. With growing demands on energy worldwide, combined with environmental dictates to switch to cleaner sources of energy, there has been a focus on offshore energy installations.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with the product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.
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Key companies operating in the market include:
Kobelco Construction, HSC Cranes, Volvo Construction, XCMG Construction, KATO, Terex Corporation, Volkswagen Truck & Bus, Zoomlion, Sany, Tadano Ltd.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Market Segmentation:
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Type Outlook (Revenue, USD Billion; 2024-2033)
- Mobile/Crawler/Lorry Cranes
- Prime Movers
- Multiple-axles Modular Trailer
- Oil & Gas
- Construction
- General Industry
- Others
more
Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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