Crane Rental Segmentation
Crane Type (Mobile, Fixed, Tower, Telescopic, Overhead, Floating, Gantry, Loader)
Mobile segment is poised to hold over 25% crane rental market share by the end of 2037. For instance, Terex Corp. announced the launch of their telematics platform “T-Link” for their Terex rough terrain Crane.
Additionally, there is also an increase in the portability, efficiency, and flexibility that they provide in construction operations. The increase in such technological advancements has fueled the lifting capacities while improving the safety features, which makes them a better option for consumers.
Application (Oil & gas, Construction & mining, Utility, Transportation, Manufacturing)
The oil & gas segment in the crane rental market is set to garner a notable size by 2037 and is likely to remain the second largest segment in the application of the crane rental landscape impelled by its increasing usage in online retail for their large lifting capacities, coupled with high investments by government in this sector. According to the International Energy Forum, the capital expenditure on oil and gas increased by about 39% from 2022 to 2014.
Weight Lifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy)
The low segment is projected to hold the highest influencing segment under the weight-lifting capacity of the crane rental market with a share of about 41%. The reason behind this impact is projected by the increase in several activities such as maintenance, repairs, construction, and many more.
Our in-depth analysis of the crane rental market includes the following segments:
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Crane Type |
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Application |
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Weight Lifting Capacity |
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Lift Height |
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End-User |
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