As the global economy recovers in 2021 and the supply of the industrial chain improves, the offshore crane market will undergo major changes. The offshore crane market is expected to grow at a CAGR of more than 4% during the forecast period of 2022 - 2027. The COVID-19 outbreak in Q1 of 2020 had led to the decline of offshore crane operations and delayed project executions worldwide. Factors such as the increasing exploration and production activities, and the growing emphasis on the offshore renewable energy sector, are likely to drive the offshore crane market during the forecast period. However, a vast investment cost and lack of skilled manpower are expected to hinder the growth of the offshore crane market.
The global offshore crane industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global offshore crane market during the next few years. The global offshore crane market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The offshore crane market can be split based on product types, major applications, and important regions as follows:
Kenz Figee Group
Heila Cranes SpA
Huisman Equipment B.V.
Board offshore cranes
Knuckle Boom Crane
Telescopic Boom Crane
Lattice Boom Crane
Oil and Gas