According to the latest report by IMARC Group, titled “India Crane Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the Indian crane market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
India Crane Market Overview:
The Indian crane market is expected to exhibit a CAGR of 6.44% during 2022-2027. A crane is a tall metal machine utilized to transport loads horizontally. It moves heavy things by lifting them in the air. It is composed of smaller parts, such as hoist rope, wire ropes or chains, and sheaves used for lifting heavy things. A crane is extensively used in automotive, railway, construction, aerospace, defense, mining, and energy and power sector.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The market in India is primarily driven by significant growth in the construction industry. In line with this, a considerable increase in the construction of commercial and residential buildings across the country is stimulating the product demand. Besides this, the rapid expansion of the e-commerce sector is fueling the adoption of warehousing and intralogistics, which, in turn, is catalyzing the uptake of cranes.
Moreover, the rising demand for hybrid-powered cranes for customized solutions is propelling the market growth. Additionally, growing expenditure by the government of India on technological development to establish smart manufacturing factories is creating a positive outlook for the market.
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Key Market Segmentation Breakup by:
IMARC Group provides an analysis of the key trends in each sub-segment of the India crane market report, along with forecasts for growth at the regional level from 2022-2027. Our report has categorized the market based on product type and application.
- Mobile Cranes
- Marine and Port Cranes
- Fixed Cranes
- Construction and Infrastructure
- Oil and Gas
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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