Global Marine Deck Cranes Market Size study & Forecast, By Type (Electric marine crane, Hydraulic marine crane), By Design (knuckle boom, telescopic boom, foldable boom, stiff boom), By Lifting capacity (2 tons–500 tons, 501 tons–15,000 tons, 15,001 tons–

Global Marine Deck Cranes Market Size study & Forecast, By Type (Electric marine crane, Hydraulic marine crane), By Design (knuckle boom, telescopic boom, foldable boom, stiff boom), By Lifting capacity (2 tons–500 tons, 501 tons–15,000 tons, 15,001 tons–30,000 tons), By Application (Vessel marine cranes, Offshore marine cranes), By End-user (Oil and gas platforms, Workboats, Research and fishing levels) and Regional Analysis, 2022-2029

Global Marine Deck Cranes Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Marine Deck Cranes refer to material handling devices utilized for effective loading & unloading of cargo at Ports. In these cranes, a hoisting motor is used to lift material as well as a luffing motor for raising or lowering the jib, and a slewing motor for rotating the crane. The growing logistics & transportation sector and rising investment in Port infrastructure development as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – during 2020, the global logistics industry in India was estimated at USD 5730 billion and, the logistics industry is projected to grow to USD 6800 billion by 2024. In addition, as per Statista - In 2019, the cross-border online shopping sector was estimated at USD 579 billion, and the market is projected to grow to USD 2250 billion by 2026. Also, rising cross border trade in post pandemic era and growing automation in Logistics & transportation sector would create lucrative growth prospectus for the market over the forecast period. However, high costs associated with marine Deck Cranes and volatile cost of raw materials impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Marine Deck Cranes Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of key market players & rising automation in logistics and transportation sector in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising investment in port infrastructure as well as growing cross border trade in the region.

Major market players included in this report are:
Techcrane International LLC
Anupam Industries Limited
Palfinger AG
Dmw Marine Group LlcHs Marine s.r.l.
Kenzfigee Group
Heila cranes s.p.a.
Fjell marine service
Gulf Crane Services
Ningenmura company
Industriaguerra S.A.
Atlas Polar Company Limited

Recent Developments in the Market:
In December 2020, Naust Marine, announced partnership with Norwegian manufacturer Techano AS, to manufacture 18 complete marine telescopic boom cranes. These boom cranes are manufactured for trawlers (3 per vessel) being built by Norebo Holding at the Severnaya Verf Shipyard in St. Petersburg Russia.

In April 2022, TMEIC Corporation Americas, a subsidiary of Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), acquired the Ports and Terminals Division of Orbita Ingeniería, S.L. (Orbita) through its wholly owned subsidiary, TMEIC Port Technologies, S.L. This acquisition would enable the company to extend its services to new port and terminals.

Global Marine Deck Cranes Market Report Scope:
Historical DataCompanies Mentioned

Techcrane International LLC
Anupam Industries Limited
Palfinger AG
Dmw Marine Group LlcHs Marine s.r.l.
Kenzfigee Group
Heila cranes s.p.a.
Fjell marine service
Gulf Crane Services
Ningenmura company
Industriaguerra S.A.
Atlas Polar Company Limited

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