The heavy lifting and haulage market is expected to grow from an estimated USD 266.14 billion in 2024 to USD 469.10 billion in 2033, at a CAGR of 6.5%.

Growth in the field of offshore oil and gas exploration is likely to continue propelling the heavy lifting and haulage market. The growth of energy projects is one of the major factors driving the demand for specialized heavy-lifting equipment. Such equipment includes not only the traditional form of oil and gas exploration but increasingly takes the form of renewable sources, particularly large-scale wind farms located offshore. With growing demands on energy worldwide, combined with environmental dictates to switch to cleaner sources of energy, there has been a focus on offshore energy installations.

The research report on the Global Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process. The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic. The report considers COVID-19 as a key contributor to the dynamically altered market scenario.

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 Key Players operating in the industry are:

Kobelco Construction, HSC Cranes, Volvo Construction, XCMG Construction, KATO, Terex Corporation, Volkswagen Truck & Bus, Zoomlion, Sany, Tadano Ltd.                                                       

Radical Features of the Market Report:

• The report encompasses market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
• Supply chain analysis along with technological advancements offered in the report
• The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the industry

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Segmentation:

• Type Outlook (Revenue, USD Billion; 2024-2033)
  • Mobile/Crawler/Lorry Cranes
  • Prime Movers
  • Multiple-axles Modular Trailer

• Oil & Gas
• Construction
• General Industry
• Others

more

Regional Analysis Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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