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Cranes Rental Market Trends

  • Report ID: GMI4777
  • Published Date: Jun 2024
  • Report Format: PDF

Cranes Rental Market Trends

With the proliferation of online platforms across the globe, the crane rental industry is witnessing impressive growth. These digital channels offer customers a more convenient and efficient way for customers to access crane rental services and provide seamless communication and greater market visibility. With the increased digitization of business processes, online channels for customers can find available crane options, compare prices, and facilitate a centralized booking facility.
 

 Additionally, online platforms enable crane rental companies to expand their operations beyond local markets, tapping into a broader customer base. By optimizing the experience using digital marketing channels, companies can increase their online presence and attract new customers worldwide. Additionally, online portals provide valuable data insights that allow companies to analyze market trends, customer preferences, and competitor activities and enable informed decision-making, policy-making, and strategic planning.
 

To cite an instance, in December 2023, in a landmark move, signing a Memorandum of Understanding (MOU) with online crane rental platform Mycrane and AI-enabled startup Equip9 at Excon, South Asia’s leading construction equipment operator in Bangalore, India, is ready to drive technical and commercial processes with the necessary emphasis placed on the use of artificial intelligence (AI) to develop recommendations and selection models.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cranes rental reached USD 14.9 billion in 2023 and is set to witness 9% CAGR between 2024 and 2032, led by increasing investments in infrastructure development in APAC.

The mobile cranes segment will exceed USD 18 billion by 2032, as they provide versatility and flexibility, emphasizing their need in construction.

North America market accounted for over 37% share in 2023, attributed to the increasing urbanization and commercial development.

Ainscough Crane Hire, Al Faris, Barnhart Crane and Rigging, Bigge Crane and Rigging Co., Mammoet (SHV Holding), Maxim Crane Works, L.P., Sarens NV, Sims Crane & Equipment, TAT HONG HOLDINGS LTD, and TNT Crane & Rigging.

Cranes Rental Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 260
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