The global offshore crane market is growing significantly at a CAGR of around 8.0% during the forecast period. Offshore crane is a pedestal mounted elevating and rotating lifting device that is utilized to transfer materials from one vessel to another. Offshore crane is utilized in the production and drilling operation, heavy-lift and shipboard applications. The global offshore Crane market is significantly growing attributed to prominent trends that the market is witnessing such as increasing the installation of float over and lift processes and increasing the offshore renewable industry. Offshore crane industry is anticipated to grow mainly owing to its increasing application in the oil & gas industry for a heavy-duty operation that includes assembly of oil rigs and construction of wind parks. The growing demand for these machines is increasing owing to large precision and safety measures integrated into offshore models.
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The growing demand for energy owing to the large utilization of electrical appliances and vehicles is resulting in the implementation of wind farms and hence, promoting the growth of the offshore crane market during the forecast period. Growing development in the oil & gas extracting system has resulted in a rising need for repair and maintenance activities that create a large machinery demand. These machines are used to transfer heavy material and personnel from the marine vessels and structures. The rising subsea construction activities are supporting the growth of the market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Offshore Crane Market by Application
- Oil Rig Crane
- Marine Crane
- Other Cranes
Global Offshore Crane Market by End-User
- Oil & Gas
- Marine
- Renewable Energy
- Other
Global Offshore Crane Market by Design Type
- Knuckle Boom
- Telescopic
- Lattice
- Other
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Appleton Marine, Inc.
- Cargotec Corp.
- DMW Marine Group
- EBI Cranes, LLC
- Gulf Crane Services, Inc.
- HEILA Cranes S.P.A.
- HuismanEquipment B.V.
- KenzFigee Group
- Konecranes PLC
- Liebherr Group
- ManitowocCompany, Inc.
- National Oilwell Varco
- North Pacific Crane, Co.
- Oceaneering International, Inc.
- Palfinger AG
- PLM Cranes B.V.
- Seatrax, Inc.
- Sormec
- Sparrows Offshore Group Ltd.
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global offshore crane market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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