The heavy lifting and haulage market is expected to grow from an estimated USD 266.14 billion in 2024 to USD 469.10 billion in 2033, at a CAGR of 6.5%.
Growth in the field of offshore oil and gas exploration is likely to continue propelling the heavy lifting and haulage market. The growth of energy projects is one of the major factors driving the demand for specialized heavy-lifting equipment. Such equipment includes not only the traditional form of oil and gas exploration but increasingly takes the form of renewable sources, particularly large-scale wind farms located offshore. With growing demands on energy worldwide, combined with environmental dictates to switch to cleaner sources of energy, there has been a focus on offshore energy installations.
The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the industry for evaluation and predictive analysis. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Market and Profiled in the Report are:
Kobelco Construction, HSC Cranes, Volvo Construction, XCMG Construction, KATO, Terex Corporation, Volkswagen Truck & Bus, Zoomlion, Sany, Tadano Ltd.
Objectives of the Report:
Study of the global market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2024-2033)
- Mobile/Crawler/Lorry Cranes
- Prime Movers
- Multiple-axles Modular Trailer
- Oil & Gas
- Construction
- General Industry
- Others
more
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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