Carry deck crane market projected to reach $1.1 billion by 2032
From GlobeNewswire: 2024-11-27 04:30:00
The carry deck crane market is projected to reach USD 1.1 billion by 2032 due to increased demand for compact equipment in urban construction. These cranes offer efficiency in confined spaces, with advanced features like telematics and remote control enhancing operational safety and productivity, attracting more customers and driving market growth.
Material handling accounts for 40% of the carry deck crane market, meeting the rising need for efficient solutions in industries. These cranes excel in moving materials in restricted areas, boosting productivity and reducing labor costs. The construction sector, representing 39% of the market, benefits from their adaptability and compact design in urban infrastructure projects.
China dominates the carry deck crane market with over 30% share in 2023, driven by urbanization and infrastructure development. The country’s extensive investment in construction projects fuels demand for cranes suited for tight spaces. As cities expand, carry deck cranes play a crucial role in meeting the challenges of modern urban construction.
The industry’s growth is supported by factors like the demand for compact and versatile cranes, urban construction efficiency, and operator safety technologies. However, challenges include initial investment costs for advanced models and obstacles in operator training. The market’s potential is promising, with innovations and market trends shaping its future trajectory.
Read more at GlobeNewswire: Carry Deck Crane Market to record $1.1 Bn by 2032, Says