Market Overview:
The global offshore crane market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for offshore cranes in the oil and gas industry, rising investments in infrastructure development, and growing maritime trade. Based on type, the global offshore crane market is segmented into 0-500 MT, 500-3000 MT, and above 3000 MT segments. The 0-500 MT segment is projected to grow at a CAGR of 4.8% during the forecast period from 2018 to 2030 due to its low cost and easy installation process. However, owing to its limited lifting capacity, this segment is expected to account for a smaller share of the overall market by 2030 end.
Product Definition:
An offshore crane is a large, specialized crane that is used to move heavy objects in offshore oil and gas production. Offshore cranes are typically mounted on a movable platform, such as a barge or jack-up rig, and can be used to lift objects from the deck of a vessel onto an offshore drilling platform or production installation.
0-500 MT:
0-500 MT is a type of mineralized water, which contains dissolved solids and has a high content of salts. It also has organic matter and suspended solids. The major sources 0-500 MT are rivers, lakes, the sea and groundwater. The global demand for crude oil is expected to grow over the forecast period owing to increasing energy needs across the globe especially in emerging economies such as India & China coupled with Middle East countries.
500-3000 MT:
500-3000 MT is a term used for the capacity of holding water, which can vary between 500-3000 tons of lift. It is mainly used in offshore construction cranes and other heavy lifting equipment. The global offshore crane market demand was 1,64,867 units in 2016 and it is expected to grow at a CAGR of XX% from 2017 to 2022.
Application Insights:
The oil rig crane segment dominated the global offshore crane market in 2017, accounting for over 45.0% of the overall revenue share. The growth can be attributed to an increase in drilling activities across various regions, including North America and Europe, which require heavy-duty equipment for deep-water operations. Moreover, increasing investments by companies operating in the upstream sector are expected to drive demand over the forecast period.
The marine crane segment is anticipated to register a significant CAGR of XX% from 2018 to 2030 owing to an increase in vessel traffic across major waterways worldwide that require marine cranes with high lifting capacities for their maintenance operations and regular repairs at sea ports and harbors with large water bodies such as Pacific Ocean, Atlantic Ocean and Indian Ocean etc. Also contributing towards segment growth is a rise in maritime trade along China Coast Guard's dredging ships undertaking extensive refurbishment works at seaports around its domestic waters including Shanghai & Guangzhou etc.
Regional Analysis:
Asia Pacific offshore crane market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing offshore projects in countries such as China, India, Vietnam and Indonesia. For instance, in September 2017, state-owned China National Offshore Oil Corporation (CNOOC) along with Sinopec signed a deal with Myanmar government for developing the oil and gas fields of Kyaukpyu region located off the coast of Rakhine State. This development will lead to an increase in production capacity which will further drive demand for heavy machinery including offshore cranes over the forecast period.
North America accounted for 24% share of global revenue in 2017 owing to presence of major oil field developments such as those taking place off Louisiana coast by ExxonMobil Corp., Permian Basin by Shell Oil Company and other shale basins across Texas & Gulf Coast region by EOG Resources Inc.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising investment in infrastructure development projects
- Proliferation of new technology and equipment that improves the efficiency of offshore cranes
- Growing awareness about the benefits of using offshore cranes in various applications
- Stringent safety regulations for crane operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Crane Market Research Report
By Type
0-500 MT, 500-3000 MT, Above 3000 MT
By Application
Oil Rig Cranes, Marine Cranes, Others
By Companies
Cargotec, Konecranes, Liebherr, Manitowoc, Terex Corporation, Huisman, Kenz Figee, National Oilwell Varco, Palfinger, Zoomlion, Cargotec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Crane Market Report Segments:
The global Offshore Crane market is segmented on the basis of:
Types
0-500 MT, 500-3000 MT, Above 3000 MT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Rig Cranes, Marine Cranes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargotec
- Konecranes
- Liebherr
- Manitowoc
- Terex Corporation
- Huisman
- Kenz Figee
- National Oilwell Varco
- Palfinger
- Zoomlion
- Cargotec
Highlights of The Offshore Crane Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 0-500 MT
- 500-3000 MT
- Above 3000 MT
- By Application:
- Oil Rig Cranes
- Marine Cranes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Crane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An offshore crane is a large, heavy-duty construction crane used to lift heavy loads off the ground.
Some of the major companies in the offshore crane market are Cargotec, Konecranes, Liebherr, Manitowoc, Terex Corporation, Huisman, Kenz Figee, National Oilwell Varco, Palfinger, Zoomlion, Cargotec.
The offshore crane market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Crane Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Offshore Crane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Crane Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Offshore Crane Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Offshore Crane Market Size & Forecast, 2018-2028
4.5.1 Offshore Crane Market Size and Y-o-Y Growth
4.5.2 Offshore Crane Market Absolute $ Opportunity
Chapter 5 Global Offshore Crane Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Offshore Crane Market Size Forecast by Type
5.2.1 0-500 MT
5.2.2 500-3000 MT
5.2.3 Above 3000 MT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Offshore Crane Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Offshore Crane Market Size Forecast by Applications
6.2.1 Oil Rig Cranes
6.2.2 Marine Cranes
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Crane Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Offshore Crane Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Offshore Crane Analysis and Forecast
9.1 Introduction
9.2 North America Offshore Crane Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Offshore Crane Market Size Forecast by Type
9.6.1 0-500 MT
9.6.2 500-3000 MT
9.6.3 Above 3000 MT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Offshore Crane Market Size Forecast by Applications
9.10.1 Oil Rig Cranes
9.10.2 Marine Cranes
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Offshore Crane Analysis and Forecast
10.1 Introduction
10.2 Europe Offshore Crane Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Offshore Crane Market Size Forecast by Type
10.6.1 0-500 MT
10.6.2 500-3000 MT
10.6.3 Above 3000 MT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Offshore Crane Market Size Forecast by Applications
10.10.1 Oil Rig Cranes
10.10.2 Marine Cranes
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Offshore Crane Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Offshore Crane Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Offshore Crane Market Size Forecast by Type
11.6.1 0-500 MT
11.6.2 500-3000 MT
11.6.3 Above 3000 MT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Offshore Crane Market Size Forecast by Applications
11.10.1 Oil Rig Cranes
11.10.2 Marine Cranes
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Offshore Crane Analysis and Forecast
12.1 Introduction
12.2 Latin America Offshore Crane Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Offshore Crane Market Size Forecast by Type
12.6.1 0-500 MT
12.6.2 500-3000 MT
12.6.3 Above 3000 MT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Offshore Crane Market Size Forecast by Applications
12.10.1 Oil Rig Cranes
12.10.2 Marine Cranes
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Offshore Crane Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Offshore Crane Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Offshore Crane Market Size Forecast by Type
13.6.1 0-500 MT
13.6.2 500-3000 MT
13.6.3 Above 3000 MT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Offshore Crane Market Size Forecast by Applications
13.10.1 Oil Rig Cranes
13.10.2 Marine Cranes
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Offshore Crane Market: Competitive Dashboard
14.2 Global Offshore Crane Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargotec
14.3.2 Konecranes
14.3.3 Liebherr
14.3.4 Manitowoc
14.3.5 Terex Corporation
14.3.6 Huisman
14.3.7 Kenz Figee
14.3.8 National Oilwell Varco
14.3.9 Palfinger
14.3.10 Zoomlion
14.3.11 Cargotec
