The Global HSC Cranes Market size is projected to grow at a CAGR of 5.3% during the forecast period and reach USD 8,860 million by 2028. The factors that drive the growth of this market are increasing demand for construction & infrastructure projects across emerging economies especially India and China; increase in mining excavation projects such as those related to coal & iron ore mines; technological advancements in crane manufacturing leading to better efficiency and productivity.
An HSC crane is a multi-purpose machine that can be used for construction, infrastructure projects, mining excavation, and shipping & boarding. The crane can be used in a single girder configuration or double girder bridge configuration, depending on the type of load that needs to be moved. A HSC Crane is capable of lifting heavy loads such as nuclear power plants, oil rigs, and large turbines with ease.
On the basis of Type, the market is segmented into Single Girder Crane, Double Girder Bridge Cranes, Gantry Cranes, and Monorail Suspension Type.
A Single Girder Crane also called Walkway type and Platform type is a heavy-duty crane with one overhead beam. It can only carry loads on the aft side of the platform in order to balance its weight, hence it cannot be used for lifting at heights higher than 40 meters above ground level. Single girder cranes are typically mounted onto loaders which makes them ideal for use in confined spaces such as ports or mines because they do not have any obstructions that could prevent their operation.
Double Girder Bridge Cranes are also called the Box type and with their shape resemble a box. These cranes differ from Single Girder Crane because they have two beams that form an A-frame which allows them to carry loads on both sides of the platform, thus eliminating its requirement for balancing weight. Double girder bridge cranes can be used at heights higher than 40 meters above ground level.
Gantry cranes are the most common form of mobile cranes. These types of cranes consist chiefly of a horizontal beam that supports and forms an A-frame from which a lifting platform is suspended on cables or wires, allowing them to move horizontally as well as vertically just like the box type.
Monorail systems use single rails for supporting construction equipment such as HSC Cranes that travel along it using wheels mounted at each end. Unlike gantry cranes, monorails can also be used in confined spaces due to their small size which makes it possible for operators to reach any point within its span without obstruction while travelling between two points where work needs to take place. The Monorail system differs from normal railroads since they are specifically designed to carry the load. This system is a type of overhead crane that can be used in confined spaces and offers an alternative to the gantry cranes found in shipyards, airports and mines. Monorails offer high-speed operation with fewer moving parts than other types of HSC Cranes due to its simple design consisting mostly of wheels running on rails (for small loads) or three-point support legs for construction equipment such as tower cranes, which are mounted at each end of the rail carriages.
On the basis of Application, the market is segmented into Construction& Infrastructure Industry, Mining Excavation Industry, Metallurgy, Shipping & Boarding Industry, Automotive, Oil & Gas Industry, and Others. The construction & Infrastructure industry has the largest market share owing to the wide adoption of new technologies by various industries such as the mining excursion industry that requires high-level safety standards in construction activities.
Apart from construction applications, the HSC Cranes are used for mining excavation projects and shipping & boarding. Mining excavation involves extracting coal, iron ore mines, copper-nickel ores (NiCo), gold deposits (Au), and other minerals using an excavator. The types of HSC cranes that can be used in such a process include Single Girder Crawler Crane or Monorail Suspension Bridge type crane with a long span between two support points. Shipping & Boarding is generally done at ports to load/unload goods on ships and also include loading cars into train wagons. These operations involve lifting heavy loads such as containers filled with steel coils weighing more than 20 tonnes each or bulky cargo like automobiles.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North American Market is showing significant growth in the Global HSC Cranes Market due to the wide adoption of new technologies by various industries such as the mining excursion industry and oil gas industry that require high-level safety standards. Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to an increase in infrastructure development activities.
Europe will show a moderate growth rate because its market share (in terms of value) has been on a decline over the last decade. The automotive sector is one major contributor to this trend. In addition, Europe’s low birthrate with increasing life expectancy rates makes it difficult for employment generation opportunities which leads to an economic slowdown across all sectors including construction & infrastructure project activity where crane machinery are used extensively. Latin America region will be the fastest-growing region owing to increasing investment in the region. The Middle East & Africa will show a steady growth pattern during the forecast period
Up Market Research published a new report titled “HSC Cranes Market research report which is segmented by Types (Single Girder Cranes, Double Girder Bridge Cranes, Gantry Cranes, Monorails), By Applications (Construction & Infrastructure Industry, Mining Excavation Industry, Metallurgy, Shipping & Boarding Industry, Automotive, Oil & Gas Industry, Others), By Players/Companies Harrington Hoists, Abuscranes, K2 Cranes, Uesco Cranes, KONE Cranes, Mammoet, HSC Cranes, Terex, Liebherr, Altech Industries”.
|Report Attributes||Report Details|
|Report Title||HSC Cranes Market Research Report|
|By Type||Single Girder Cranes, Double Girder Bridge Cranes, Gantry Cranes, Monorails|
|By Application||Construction & Infrastructure Industry, Mining Excavation Industry, Metallurgy, Shipping & Boarding Industry, Automotive, Oil & Gas Industry, Others|
|By Companies||Harrington Hoists, Abuscranes, K2 Cranes, Uesco Cranes, KONE Cranes, Mammoet, HSC Cranes, Terex, Liebherr, Altech Industries|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Single Girder Cranes, Double Girder Bridge Cranes, Gantry Cranes, Monorails and By Application Construction & Infrastructure Industry, Mining Excavation Industry, Metallurgy, Shipping & Boarding Industry, Automotive, Oil & Gas Industry, Others.
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HSC Cranes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the HSC Cranes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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