Market Overview:
The global telescopic boom 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 telescopic boom offshore cranes in the oil and gas industry, as well as other marine applications. Telescopic boom offshore cranes are used for various applications such as lifting and moving heavy objects, installing or removing equipment, and repairing pipelines. Based on type, the global telescopic boom offshore crane market is segmented into below 10mt, 10-50mt, and above 50mt segments. The below 10mt segment is projected to grow at a CAGR of 4% during the forecast period from 2018 to 2030 due to its low cost and easy maneuverability.
Product Definition:
Telescopic Boom Offshore Crane is a type of crane that has a telescopic boom. This type of crane is used in offshore applications where the crane needs to be able to extend its boom over a large distance. The importance of Telescopic Boom Offshore Cranes is that they can reach areas that other cranes cannot, making them ideal for use in offshore applications.
Below 10mt:
Below 10 meters (B10) is a category of offshore cranes used for construction and maintenance operations at sea. They are specialized equipment designed to work in extreme conditions, where other boomers would fail.
The B10 boom crane has the ability to perform undersea repairs up to a depth of 1000 feet with its giant spoon, while also providing facilities for underwater exploration and development.
10-50mt:
The 10-50MT is a type of marine diesel engine, which was developed in the 50’s by General Motors. It has since then been used in many types of cranes and boom systems across the world. The 10-50MT is a medium speed engine with an output between 1,500 to 2,200 RPM and a capacity between 50 to 80 HP.
Application Insights:
The oil rig crane segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The boom offshore crane is used for various applications including, deep-water drilling, harsh environments, remote locations where conventional mobile cranes cannot be deployed. The oilrig boom can be deployed from a small bay at sea as it has a lifting capacity of around 10 tons which makes it suitable for small bays at sea. Deployment of this equipment does not require any prior clearances or approvals and can be done by two parties without involving authorities or government departments.
The marine crane segment accounted for more than 20% share in 2017 owing to its deployment onshore as well as offshore platforms and ships engaged in deep water exploration activities across the globe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 4% from 2018 to 2030. This can be attributed to increasing offshore activities in U.S and Canada, which are among the top five countries globally for offshore oil & gas exploration activities. Moreover, rising demand for unconventional energy resources such as shale gas and tight oil has led North America into an era of boom, where numerous new projects are onshore or under construction now-a-days across various sectors including marine, renewable energy, etc.
Asia Pacific is anticipated to grow at a significant CAGR during the forecast period owing to rapid developments taking place across several industries especially in economies such as China.
Growth Factors:
- Increasing demand for oil and gas due to growing population and industrialization
- Rising investment in offshore exploration and production
- Technological advancements in telescopic boom offshore cranes that improve efficiency and safety
- Growing popularity of modular construction methodology for oil rigs, FPSOs, etc.
- Proliferation of leasing/rental services for telescopic boom offshore cranes
Scope Of The Report
Report Attributes
Report Details
Report Title
Telescopic Boom Offshore Crane Market Research Report
By Type
Below 10mt, 10-50mt, Above 50mt
By Application
Oil Rig Crane, Marine Crane, Others
By Companies
Techcrane, Huisman, Kenz Figee, Palfinger, Liebherr, Manitowoc, HEILA CRANES, DMW Marine Group, LLC, Allied Systems Company, Melcal Marine
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Telescopic Boom Offshore Crane Market Report Segments:
The global Telescopic Boom Offshore Crane market is segmented on the basis of:
Types
Below 10mt, 10-50mt, Above 50mt
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 Crane, Marine Crane, 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:
- Techcrane
- Huisman
- Kenz Figee
- Palfinger
- Liebherr
- Manitowoc
- HEILA CRANES
- DMW Marine Group, LLC
- Allied Systems Company
- Melcal Marine
Highlights of The Telescopic Boom 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:
- Below 10mt
- 10-50mt
- Above 50mt
- By Application:
- Oil Rig Crane
- Marine Crane
- 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 Telescopic Boom 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A Telescopic Boom Offshore Crane is a type of offshore crane that has a boom that can be extended out from the crane to reach objects at a greater distance than other types of cranes. This allows the crane to work at greater depths and in more difficult conditions than other types of cranes.
Some of the major players in the telescopic boom offshore crane market are Techcrane, Huisman, Kenz Figee, Palfinger, Liebherr, Manitowoc, HEILA CRANES, DMW Marine Group, LLC, Allied Systems Company, Melcal Marine.
The telescopic boom offshore crane market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Telescopic Boom Offshore Crane Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Telescopic Boom Offshore Crane Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Telescopic Boom Offshore Crane Market - Supply Chain
4.5. Global Telescopic Boom Offshore Crane Market Forecast
4.5.1. Telescopic Boom Offshore Crane Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Telescopic Boom Offshore Crane Market Size (000 Units) and Y-o-Y Growth
4.5.3. Telescopic Boom Offshore Crane Market Absolute $ Opportunity
5. Global Telescopic Boom Offshore Crane Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Telescopic Boom Offshore Crane Market Size and Volume Forecast by Type
5.3.1. Below 10mt
5.3.2. 10-50mt
5.3.3. Above 50mt
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Telescopic Boom Offshore Crane Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Telescopic Boom Offshore Crane Market Size and Volume Forecast by Application
6.3.1. Oil Rig Crane
6.3.2. Marine Crane
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Telescopic Boom Offshore Crane Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Telescopic Boom Offshore Crane Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Telescopic Boom Offshore Crane Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Telescopic Boom Offshore Crane Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Telescopic Boom Offshore Crane Demand Share Forecast, 2019-2026
9. North America Telescopic Boom Offshore Crane Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Telescopic Boom Offshore Crane Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Telescopic Boom Offshore Crane Market Size and Volume Forecast by Application
9.4.1. Oil Rig Crane
9.4.2. Marine Crane
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Telescopic Boom Offshore Crane Market Size and Volume Forecast by Type
9.7.1. Below 10mt
9.7.2. 10-50mt
9.7.3. Above 50mt
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Telescopic Boom Offshore Crane Demand Share Forecast, 2019-2026
10. Latin America Telescopic Boom Offshore Crane Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Telescopic Boom Offshore Crane Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Telescopic Boom Offshore Crane Market Size and Volume Forecast by Application
10.4.1. Oil Rig Crane
10.4.2. Marine Crane
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Telescopic Boom Offshore Crane Market Size and Volume Forecast by Type
10.7.1. Below 10mt
10.7.2. 10-50mt
10.7.3. Above 50mt
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Telescopic Boom Offshore Crane Demand Share Forecast, 2019-2026
11. Europe Telescopic Boom Offshore Crane Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Telescopic Boom Offshore Crane Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Telescopic Boom Offshore Crane Market Size and Volume Forecast by Application
11.4.1. Oil Rig Crane
11.4.2. Marine Crane
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Telescopic Boom Offshore Crane Market Size and Volume Forecast by Type
11.7.1. Below 10mt
11.7.2. 10-50mt
11.7.3. Above 50mt
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Telescopic Boom Offshore Crane Demand Share, 2019-2026
12. Asia Pacific Telescopic Boom Offshore Crane Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Telescopic Boom Offshore Crane Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Telescopic Boom Offshore Crane Market Size and Volume Forecast by Application
12.4.1. Oil Rig Crane
12.4.2. Marine Crane
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Telescopic Boom Offshore Crane Market Size and Volume Forecast by Type
12.7.1. Below 10mt
12.7.2. 10-50mt
12.7.3. Above 50mt
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Telescopic Boom Offshore Crane Demand Share, 2019-2026
13. Middle East & Africa Telescopic Boom Offshore Crane Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Telescopic Boom Offshore Crane Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Telescopic Boom Offshore Crane Market Size and Volume Forecast by Application
13.4.1. Oil Rig Crane
13.4.2. Marine Crane
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Telescopic Boom Offshore Crane Market Size and Volume Forecast by Type
13.7.1. Below 10mt
13.7.2. 10-50mt
13.7.3. Above 50mt
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Telescopic Boom Offshore Crane Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Telescopic Boom Offshore Crane Market: Market Share Analysis
14.2. Telescopic Boom Offshore Crane Distributors and Customers
14.3. Telescopic Boom Offshore Crane Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Techcrane
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Huisman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kenz Figee
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Palfinger
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Liebherr
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Manitowoc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HEILA CRANES
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DMW Marine Group, LLC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Allied Systems Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Melcal Marine
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
