GCC Mini Cranes Market Aims for US$ 41.1 Million by 2032 with a 5.8% CAGR – Future Market Insights Analysis
The GCC mini cranes market report, authored by Future Market Insights-an ESOMAR Certified Market Research and Consulting Firm-unveils profound insights and meticulous analysis of the GCC mini cranes market. Encompassing the research’s ambit and essence, the report scrutinizes the driving determinants, market expanse, and predictive statistics for GCC mini cranes. It offers exhaustive breakdowns of revenue and shipment segments, with an extensive 10-year forecast till 2032. Furthermore, the document evaluates pivotal industry players, their market apportionments, the competitive terrain, and regional insights.
Future Market Insights (FMI) predicts that the GCC market
for mini cranes will increase between 2022 and 2032 at a CAGR of 5.8%, reaching
a value of US$ 41.1 million. In 2022, Mini Cranes Type, Pick, and Carry Cranes
will account for more than 52.1% of the GCC market.
The demand for mini cranes has increased as a result of the
growth of public infrastructure and the popularity of entertainment locations
like museums, galleries, and theme parks that must heavily rely on
goods-lifting machinery due to space limitations. The increased investment in
leisure time in the countries of the Gulf region is what motivates this. For
instance, in order to improve its hospitality, the UAE is focusing on
developing large-scale projects like the Abrahamic Centre.
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Rubber-tired mini cranes are another product that
manufacturers are concentrating on creating because of their interior
applications in GCC nation skyscrapers and high-rise structures. The demand for
light lifting equipment with safety features has grown as a result of a recent
wave of incidents in the area. Due to their ease of operation in small and
constrained spaces, mini cranes have superior components and more safety
measures, which is increasing demand for these tools in the region.
The use of mini cranes has grown significantly over the past
few years, as has their manufacture all over the world. The capacity of tiny
cranes to operate well in small places and compact regions is predicted to
significantly increase demand, despite the fact that they are niche products.
Key Takeaways of Mini Cranes Market Study
Over the course of the forecast period, the value of the
mini cranes with lifting capacity between 2 to 4.9 tons is estimated to account
for about 15.4 Mn in 2022.
In terms of Type, Pick and Carry Cranes is anticipated to account for more than
52% of the GCC market and grow at a value CAGR of about 5.3% during the
projected period.
In the GCC market, demand for fuel-operated mini cranes is
increasing at a value CAGR of 5.7%.
The Construction industry in GCC Mini Cranes is projected to expand at 6.2%,
making it a prominent sector as a result of increased investment in real estate
and commercial infrastructure development.
By Ownership, the rented segment is estimated to hold a significant share of
about 89.7% in 2022.
Competitive Landscape
UNIC-Furukawa Company Ltd
MAEDA SEISAKUSHO CO., LTD.
Jekko SRL
HENAN SPT MACHINERY EQUIPMENT CO., LTD
XCMG Group
Hoeflon
Manitex International
Palazzani
BG Lift Cranes
R&B Engineering
Galizia
JMG Cranes
Find More Valuable Insights
The research report analyzes the market demand trends of Mini Cranes. The GCC
Countries’ market estimation and growth projection are based on factors like
end-use industries development, COVID-19 crisis impact, replacement ratio, and
adoption rate of Mini Cranes. As per Future Market Insights research scope, the
Mini Cranes Market has been studied and segmented on the basis of lifting
capacity, type, operation, end-use sector, and ownership. The report provides
qualitative and quantitative information on various players in this market.
This report also tracks the market by both, the supply side and demand side.
Key Segments Covered in Mini Cranes Industry Analysis
Mini Cranes Market by Lifting Capacity:
Up to 1 Ton
1 to 1.8 Ton
2 to 2.4 Ton
2.5 to 4.9 Ton
5 to 10 Ton
11 to 22 Ton
Mini Cranes Market by Type:
Spider Cranes
Crawler Cranes
Articulated
Telescopic
Telescopic Pick and Carry Cranes
Mini Cranes Market by Operation:
Fuel Operated
Battery Operated
Mini Cranes Market by End-Use Sector:
Industrial
Foundries
Power Plants
Others
Construction
Residential and Commercial
Industrial
Civic Infrastructure
Facility Management
Commercial
Industrial
Marine
Material Handling and Logistics
Others
Mini Cranes Market by Ownership:
Direct Owned
Rented
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