Marine Knuckle Boom Crane Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The knuckle boom cranes are also called loader cranes, picker cranes, and articulated cranes. The knuckle boom crane use in marine is mounted on ships instead of trucks. This knuckle boom crane comes with two booms, such as the outer and main boom, and knuckles between them. Knuckle boom cranes offer various benefits for the consumers, such as greater payload capacity, horizontal lifting, accurate placement of loads, and greater maneuverability.

MARKET DYNAMICS

The global marine knuckle boom crane market is growing at a considerable rate due to the increasing demand for cranes on the ships for loading and unloading activities. The rising number of offshore drilling activities, international goods transport through the sea, and a growing number of fishing vessels boost the growth of the marine knuckle boom crane market. However, the requirement of the high initial cost and shortage of skilled labor for operations may hinder the growth of the marine knuckle boom crane market. Increasing transportation through sea medium and rising automation of ships and ports creates a substantial growth opportunity for the marine knuckle boom crane market.

MARKET SCOPE

The "Global Marine Knuckle Boom Crane Market Analysis to 2031" is a specialized and in-depth study of the marine knuckle boom crane market with a special focus on the global market trend analysis. The report aims to provide an overview of marine knuckle boom crane market with detailed market segmentation by material, construction capacity, and boom length. The global marine knuckle boom crane market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Marine knuckle boom crane market player and offers key trends and opportunities in the Marine knuckle boom crane market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.

MARKET SEGMENTATION

The global marine knuckle boom crane market is segmented on the basis of capacity, boom length, and geography. On the basis of capacity, market is segmented as below 50 tons, 50-150 tons, above 150 tons. On the basis of boom length, market is segmented as below 10 meters, 10-20 meters, above 20 meters.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global marine knuckle boom crane market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The marine knuckle boom crane market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Marine knuckle boom crane market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the marine knuckle boom crane market in these regions.

MARKET PLAYERS

The reports cover key developments in the marine knuckle boom crane market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from marine knuckle boom crane market are anticipated to lucrative growth opportunities in the future with the rising demand for marine knuckle boom crane market. Below mentioned is the list of few companies engaged in the marine knuckle boom crane market.

The report also includes the profiles of key marine knuckle boom crane market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   DMW Marine Group
  
•   Hawboldt Industries
  
•   HEILA Cranes S.p.a.
  
•   Hiab
  
•   Huisman Equipment B.V.
  
•   Kenz Figee
  
•   KONGSBERG
  
•   MELCAL
  
•   PALFINGER AG
  
•   SMST Designers and Constructors BV
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Marine Knuckle Boom Crane Report Scope