Crane Duty Motors Market Key Players Analysis 2031
The Crane Duty Motors Market is expected to register a CAGR of 6.0% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Crane Duty Motors Market Report is categorized by type into the following subsegments: Single Phase and Three Phase. It further presents an analysis based on application, i.e., Crane and Hoists, and Material Handling Equipment. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Crane Duty Motors Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Crane Duty Motors Market Segmentation
Type- Single Phase
- Three Phase
- Crane and Hoists
- Material Handling Equipment
Strategic Insights
Crane Duty Motors Market Growth Drivers- Rising Industrial Automation: With growth in industries, the demand for manufacturing, construction, and other logistics sectors is taking the demand for crane duty motors on a higher scale.
- Urbanization and Infrastructure Development: Rapid urbanization and infrastructure development are increasing more usage of cranes, and this increases demand for specialized motors in cranes.
- Energy Efficiency Requirements: Most industries are working to reduce the consumption of energy; energy-efficient motors are hence one of the requirements driving crane duty motors.
- Development of smart motors: Intelligently Sensors-enabled Smart motors Development of integrated sensors and IoT technology for smart predictive maintenance solutions to enhance performance.
- Adoption of Variable Frequency Drives: Variable frequency drives are becoming increasingly deployed with crane duty motors in order to maximize performance and to increase energy efficiency.
- Trend for Electrification: With a strongly observed trend towards electric compared to diesel-powerd cranes, demand for crane duty motors is building up.
- Prospective growth in the demand in emerging markets: Increased industrialization in developing geographies, especially Asia-Pacific, holds prospects for crane duty motor suppliers.
- Maintenance and Upgrade of Old Equipment: The market has an opportunity in the continuous requirement for maintaining and upgrading old crane systems.
- Special Motors for Special Industries: Companies can develop specific motors for the mining, construction, and shipping industries, among others.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Crane Duty Motors Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Crane Duty Motors Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 6.0% during 2021–2031.
The major key drivers of the industry are industrial automation, urbanization, and energy-efficient solutions on behalf of the pushes.
Emerging trends in the Crane Duty Motors market are smart motors applications, integration with VFDs, and shifting the cranes toward electrification.
The major players of this market are Havells, Crompton Greaves, Kirloskar Brothers Limited, MENZEL, Siemens, Amit Electricals, HINDUSTAN ELECTRIC MOTORS,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Crane Duty Motors Market - By Type
1.3.2 Crane Duty Motors Market - By Application
1.3.3 Crane Duty Motors Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CRANE DUTY MOTORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CRANE DUTY MOTORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CRANE DUTY MOTORS MARKET - GLOBAL MARKET ANALYSIS
6.1. CRANE DUTY MOTORS - GLOBAL MARKET OVERVIEW
6.2. CRANE DUTY MOTORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CRANE DUTY MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE PHASE
7.3.1. Overview
7.3.2. Single Phase Market Forecast and Analysis
7.4. THREE PHASE
7.4.1. Overview
7.4.2. Three Phase Market Forecast and Analysis
8. CRANE DUTY MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CRANE AND HOISTS
8.3.1. Overview
8.3.2. Crane and Hoists Market Forecast and Analysis
8.4. MATERIAL HANDLING EQUIPMENT
8.4.1. Overview
8.4.2. Material Handling Equipment Market Forecast and Analysis
9. CRANE DUTY MOTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Crane Duty Motors Market Overview
9.1.2 North America Crane Duty Motors Market Forecasts and Analysis
9.1.3 North America Crane Duty Motors Market Forecasts and Analysis - By Type
9.1.4 North America Crane Duty Motors Market Forecasts and Analysis - By Application
9.1.5 North America Crane Duty Motors Market Forecasts and Analysis - By Countries
9.1.5.1 United States Crane Duty Motors Market
9.1.5.1.1 United States Crane Duty Motors Market by Type
9.1.5.1.2 United States Crane Duty Motors Market by Application
9.1.5.2 Canada Crane Duty Motors Market
9.1.5.2.1 Canada Crane Duty Motors Market by Type
9.1.5.2.2 Canada Crane Duty Motors Market by Application
9.1.5.3 Mexico Crane Duty Motors Market
9.1.5.3.1 Mexico Crane Duty Motors Market by Type
9.1.5.3.2 Mexico Crane Duty Motors Market by Application
9.2. EUROPE
9.2.1 Europe Crane Duty Motors Market Overview
9.2.2 Europe Crane Duty Motors Market Forecasts and Analysis
9.2.3 Europe Crane Duty Motors Market Forecasts and Analysis - By Type
9.2.4 Europe Crane Duty Motors Market Forecasts and Analysis - By Application
9.2.5 Europe Crane Duty Motors Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Crane Duty Motors Market
9.2.5.1.1 Germany Crane Duty Motors Market by Type
9.2.5.1.2 Germany Crane Duty Motors Market by Application
9.2.5.2 France Crane Duty Motors Market
9.2.5.2.1 France Crane Duty Motors Market by Type
9.2.5.2.2 France Crane Duty Motors Market by Application
9.2.5.3 Italy Crane Duty Motors Market
9.2.5.3.1 Italy Crane Duty Motors Market by Type
9.2.5.3.2 Italy Crane Duty Motors Market by Application
9.2.5.4 United Kingdom Crane Duty Motors Market
9.2.5.4.1 United Kingdom Crane Duty Motors Market by Type
9.2.5.4.2 United Kingdom Crane Duty Motors Market by Application
9.2.5.5 Russia Crane Duty Motors Market
9.2.5.5.1 Russia Crane Duty Motors Market by Type
9.2.5.5.2 Russia Crane Duty Motors Market by Application
9.2.5.6 Rest of Europe Crane Duty Motors Market
9.2.5.6.1 Rest of Europe Crane Duty Motors Market by Type
9.2.5.6.2 Rest of Europe Crane Duty Motors Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Crane Duty Motors Market Overview
9.3.2 Asia-Pacific Crane Duty Motors Market Forecasts and Analysis
9.3.3 Asia-Pacific Crane Duty Motors Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Crane Duty Motors Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Crane Duty Motors Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Crane Duty Motors Market
9.3.5.1.1 Australia Crane Duty Motors Market by Type
9.3.5.1.2 Australia Crane Duty Motors Market by Application
9.3.5.2 China Crane Duty Motors Market
9.3.5.2.1 China Crane Duty Motors Market by Type
9.3.5.2.2 China Crane Duty Motors Market by Application
9.3.5.3 India Crane Duty Motors Market
9.3.5.3.1 India Crane Duty Motors Market by Type
9.3.5.3.2 India Crane Duty Motors Market by Application
9.3.5.4 Japan Crane Duty Motors Market
9.3.5.4.1 Japan Crane Duty Motors Market by Type
9.3.5.4.2 Japan Crane Duty Motors Market by Application
9.3.5.5 South Korea Crane Duty Motors Market
9.3.5.5.1 South Korea Crane Duty Motors Market by Type
9.3.5.5.2 South Korea Crane Duty Motors Market by Application
9.3.5.6 Rest of Asia-Pacific Crane Duty Motors Market
9.3.5.6.1 Rest of Asia-Pacific Crane Duty Motors Market by Type
9.3.5.6.2 Rest of Asia-Pacific Crane Duty Motors Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Crane Duty Motors Market Overview
9.4.2 Middle East and Africa Crane Duty Motors Market Forecasts and Analysis
9.4.3 Middle East and Africa Crane Duty Motors Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Crane Duty Motors Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Crane Duty Motors Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Crane Duty Motors Market
9.4.5.1.1 South Africa Crane Duty Motors Market by Type
9.4.5.1.2 South Africa Crane Duty Motors Market by Application
9.4.5.2 Saudi Arabia Crane Duty Motors Market
9.4.5.2.1 Saudi Arabia Crane Duty Motors Market by Type
9.4.5.2.2 Saudi Arabia Crane Duty Motors Market by Application
9.4.5.3 U.A.E Crane Duty Motors Market
9.4.5.3.1 U.A.E Crane Duty Motors Market by Type
9.4.5.3.2 U.A.E Crane Duty Motors Market by Application
9.4.5.4 Rest of Middle East and Africa Crane Duty Motors Market
9.4.5.4.1 Rest of Middle East and Africa Crane Duty Motors Market by Type
9.4.5.4.2 Rest of Middle East and Africa Crane Duty Motors Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Crane Duty Motors Market Overview
9.5.2 South and Central America Crane Duty Motors Market Forecasts and Analysis
9.5.3 South and Central America Crane Duty Motors Market Forecasts and Analysis - By Type
9.5.4 South and Central America Crane Duty Motors Market Forecasts and Analysis - By Application
9.5.5 South and Central America Crane Duty Motors Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Crane Duty Motors Market
9.5.5.1.1 Brazil Crane Duty Motors Market by Type
9.5.5.1.2 Brazil Crane Duty Motors Market by Application
9.5.5.2 Argentina Crane Duty Motors Market
9.5.5.2.1 Argentina Crane Duty Motors Market by Type
9.5.5.2.2 Argentina Crane Duty Motors Market by Application
9.5.5.3 Rest of South and Central America Crane Duty Motors Market
9.5.5.3.1 Rest of South and Central America Crane Duty Motors Market by Type
9.5.5.3.2 Rest of South and Central America Crane Duty Motors Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CRANE DUTY MOTORS MARKET, KEY COMPANY PROFILES
11.1. HAVELLS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CROMPTON GREAVES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KIRLOSKAR BROTHERS LIMITED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MENZEL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SIEMENS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. AMIT ELECTRICALS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HINDUSTAN ELECTRIC MOTORS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Havells
2.Crompton Greaves
3.Kirloskar Brothers Limited
4.MENZEL
5.Siemens
6.Amit Electricals
7.HINDUSTAN ELECTRIC MOTORS
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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