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Global crane rental market expected to grow by $13 billion

January 4, 2023  By Don Horne has announced the release of the report Global Crane Rental Market 2023-2027, which cites a market that will be driven by growth in end-user industries due to urbanization, growth of the construction industry, and a rise in demand for oil and natural gas.

The crane rental market is forecast to grow by $13.02 billion during 2022-2027, accelerating at a CAGR of 4. 93 per cent during the forecast period. The report on the crane rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

This study identifies the development of autonomous cranes as one of the prime reasons driving the crane rental market growth during the next few years. Also, the increasing popularity of telematics in cranes and the increasing adoption of telescopic cranes for rescue operations will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the crane rental market covers the following areas:

  • Crane rental market sizing;
  • Crane rental market forecast; and
  • Crane rental market industry analysis.

The report includes a detailed analysis of several leading crane rental market vendors that include 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.

Also, the crane rental market analysis report includes information on upcoming trends and challenges that will influence market growth.

You can access the report here.

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