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United States Crane Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The United States crane market is expected to exhibit a CAGR of 3.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A crane is a construction machine that is employed to move the loads. It is equipped with a hoist rope, wire rope and sheaves, which help to lift and transport heavy loads from one location to another. Cranes have the capability of coordinating simple systems to attain complex lifting tasks. Nowadays, advanced cranes utilize hydraulic and internal combustion engine systems, which provide greater lifting capabilities.

The United States crane market is primarily driven by a significant rise in spending on the infrastructure sector across the country. Besides this, various oil and gas facilities are upgrading plant equipment to improve overall plant efficiency. This has increased the adoption of superior-quality cranes. Additionally, the crane market is expected to grow at a high rate as most companies in the country are working toward cost efficacy to meet the essential expenses. The market is further propelled by the escalating use of cranes in several end use industries like mining, automobile, and oil and gas. Moreover, crane manufacturers are introducing technologically advanced equipment that enables construction companies to gather real-time information about equipment performance.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States crane market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:

  • Mobile Cranes
  • Marine and Port Cranes
  • Fixed Cranes
     

Breakup by Application:

  • Construction and Infrastructure
  • Mining
  • Oil and Gas
  • Others
     

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Application, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   United States Crane Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Mobile Cranes
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Marine and Port Cranes
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Fixed Cranes
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Construction and Infrastructure
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Mining
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Oil and Gas
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    Northeast
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Midwest
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    South
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    West
        8.4.1 Market Trends
        8.4.2 Market Forecast 
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Policy and Regulatory Landscape
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: United States: Crane Market: Major Drivers and Challenges
Figure 2: United States: Crane Market: Sales Value (in Million US$), 2016-2021
Figure 3: United States: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: United States: Crane Market: Breakup by Product Type (in %), 2021
Figure 5: United States: Crane Market: Breakup by Application (in %), 2021
Figure 6: United States: Crane Market: Breakup by Region (in %), 2021
Figure 7: United States: Crane (Mobile Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: United States: Crane (Mobile Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: United States: Crane (Marine and Port Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: United States: Crane (Marine and Port Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: United States: Crane (Fixed Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: United States: Crane (Fixed Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: United States: Crane (Construction and Infrastructure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: United States: Crane (Construction and Infrastructure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: United States: Crane (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: United States: Crane (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Crane (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Crane (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: United States: Crane (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Crane (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Northeast: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Northeast: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Midwest: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Midwest: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: South: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: South: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: West: Crane Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: West: Crane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Crane Industry: SWOT Analysis
Figure 30: United States: Crane Industry: Value Chain Analysis
Figure 31: United States: Crane Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: United States: Crane Market: Key Industry Highlights, 2021 and 2027
Table 2: United States: Crane Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: United States: Crane Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: United States: Crane Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: United States: Crane Market: Competitive Structure
Table 6: United States: Crane Market: Key Players

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Key Questions Answered in This Report

The United States crane market was valued at US$ 5.8 Billion in 2021.

We expect the United States crane market to exhibit a CAGR of 3.80% during 2022-2027.

The introduction of advanced cranes, that utilize hydraulic and internal combustion engine systems
to provide greater lifting capabilities, is primarily driving the United States crane market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across the nation resulting in temporary halt in various construction activities,
thereby negatively impacting the overall demand for cranes.

Based on the product type, the United States crane market has been segmented into mobile cranes,
marine and port cranes, and fixed cranes. Currently, mobile cranes represent the largest market
share.

Based on the application, the United States crane market can be bifurcated into construction and
infrastructure, mining, oil and gas, and others. Among these, the construction and infrastructure
sector currently accounts for the majority of the total market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West, where
South currently dominates the market.

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