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The United States crane market is currently witnessing steady growth. 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. On account of these factors, the market is expected to continue its steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the United States crane market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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