Report ID: SQMIG25A2234
Report ID:
SQMIG25A2234 |
Region:
Global |
Published Date: April, 2024
Pages:
222
|
Tables:
67 |
Figures:
70
North America is the dominating region in the market. North America has a robust construction industry with ongoing infrastructure, urban development planning and commercial construction activities driving demand for carry deck cranes. Cities and urban areas drive construction proof of continuity, maintaining the ongoing demand for versatile lifting solutions in confined spaces in the compliance also supports the adoption of advanced portable cranes an equipped with strong safety features. Companies operating in North America prioritize compliance with safety regulations, providing market demand for cranes that meet or exceed regulatory requirements.
Asia-Pacific is estimated to witness the fastest growth during the forecast period. Asia Pacific is the fastest growing construction market, with China, India, Japan, Indonesia and Australia leading the way in the region. The development of infrastructure and construction sectors in this region and the improvement in economic conditions have led to the growth of construction industry and consequently the crane market as well as rapid industrialization and urbanization in emerging countries developments such as China, India and Japan. Adding to the increase, investment in infrastructure and construction projects has increased due to activities such as reconstruction and rehabilitation of old buildings, providing regional logistics and the global market.
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Report ID: SQMIG25A2234