Middle East and Africa Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50-50 Tm, and Above 150 Tm), and Boom Length

Middle East and Africa Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50-50 Tm, and Above 150 Tm), and Boom Length (Below 10 Meter, 10-20 Meter, and Above 20 Meter) 

The hydraulic marine cranes market in Middle East & Africa is expected to grow from US$ 298.70 million in 2021 to US$ 397.88 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. The marine crane industry in this region is surging significantly from the past several years owing to the rise in seaborne trade and various other naval activities. A number of hydraulic marine crane market players operating in the market space offer a wide range of products. . Electrically powered marine cranes are among the key focus areas for marine crane manufacturers. A majority of the cranes available for marine operations are powered by diesel engines, however, as the demand for environment-friendly machines surges, the manufacturers are emphasizing on electrically powered cranes. The crane series has lesser components, which are less susceptible to wear and tear. These advantages of the crane series are expected to generate substantial demand for hydraulic marine cranes in the coming years. The players operating in the market have the opportunity to boost their product portfolio, customer base, and annual revenues, by developing and commercializing the technology. The majority of the marine crane manufacturers invest substantial amounts in respective R&D teams to enhance their product portfolio, and thus, investing in electrically powered marine cranes is expected to be beneficial for the hydraulic marine crane market players in the coming years.

The UAE, South Africa, Morocco, Saudi Arabia, and Kuwait are the main countries that faced the economic effects of COVID-19 in the Middle East & Africa. The MEA hydraulic marine crane market is majorly affected by the disruption in the national and international supply chains due to the shutdown of country borders. Moreover, the limited seaborne trade further impacted the hydraulic marine crane market performance in 2020 in the MEA. However, as trading activities picked pace in the last quarter of 2020, the market players are experiencing steady growth in demand for these cranes.

Based on design, the Middle East & Africa hydraulic marine cranes market is segmented into knuckle boom, telescopic boom, stiff boom, and foldable boom. The foldable boom segment held the largest share in 2020. Marine cranes with foldable boom save space at ports or on vessels. These cranes are majorly used on ships and boats, as well as at ports. They are known to offer constant torque momentum. which allows reduction of the pendulum effect while operating the load. Moreover, foldable boom cranes have significant loading and unloading capabilities that allow the efficient handling of equipment, containers, and delicate and heavy materials. Compact size and significant load-carrying capabilities are the prime reasons for the growing adoption of foldable boom marine cranes.

The Middle East & Africa hydraulic marine cranes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Middle East & Africa hydraulic marine cranes market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate data and gain more analytical insights. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—including valuation experts, research analysts, and key opinion leaders—specializing in the Middle East & Africa hydraulic marine cranes market. Amco Veba Marine; Fassi Gru S.p.A; HEILA Cranes S.p.a.; HIAB; HYVA; INDUSTRIAS GUERRA, SA; Kenz Figee; MELCAL S.p.A.; Palfinger AG; and Puma Cranes are among a few players operating in the Middle East & Africa hydraulic marine cranes market.

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