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Carry Deck Crane Market Trends

  • Report ID: GMI11877
  • Published Date: Oct 2024
  • Report Format: PDF

Carry Deck Crane Market Trends

The increasing complexity of urban construction projects has driven up demand for equipment capable of operating in confined spaces. Carry deck cranes provide an effective solution due to their compact size and versatility. These cranes navigate crowded construction sites with ease, making them ideal for tasks requiring precision and adaptability. Their ability to lift and transport materials in restricted areas enhances overall productivity and minimizes downtime. Consequently, the growing emphasis on urban infrastructure development is propelling the carry deck crane market, as companies seek efficient solutions to meet construction demands.
 

For instance, the U.S. government’s USD 1.2 trillion infrastructure bill is likely to accelerate investments in new bridges and tunnels, requiring heavy-duty lifting equipment such as carry deck crane, telescopic crane and stiff leg cranes. Companies like Manitowoc and Terex are providing advanced models that offer increased load-bearing capacity and durability, making them well-suited for complex projects. Additionally, Europe’s railway expansion plans are pushing the need for cranes in tunnel construction.
 

Regulatory challenges pose a significant constraint for the carry deck crane market. Various regions have implemented strict safety and operational regulations that companies must adhere to when using cranes. Compliance with these regulations can increase operational costs, delay project timelines, and restrict the use of carry deck cranes in certain areas. Navigating these complex regulations requires companies to invest time and resources, potentially hindering their growth potential. As a result, the uncertainties surrounding regulatory compliance may discourage investments in carry deck cranes, potentially impacting market growth.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market for carry deck crane was reached USD 660 million in 2023 and is projected to grow at a 6.2% CAGR from 2024 to 2032, propelled by the increasing complexity of urban construction projects.

The material handling segment accounted for around 40% share of the carry deck crane market in 2023, driven by industries' need for efficient and effective material handling solutions.

The construction segment held a 39% market share in 2023, fueled by significant investments in urban infrastructure projects by governments and private sectors.

China accounted for over 30% share of the Asia Pacific carry deck crane market in 2023, led by rapid urbanization and substantial infrastructure expansion.

The major players in the carry deck crane industry include Bailey, Broderson, Escorts Construction Equipment, JMG Cranes, Manitowoc, ORMIG, Tadano, Terex Corporation.

Carry Deck Crane Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 170
  • Countries covered: 20
  • Pages: 180
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