AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Offshore Cranes market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Offshore Cranes market to grow at a CAGR of 9.09%.

The Lifting Capacity, such as 0-500mts, is boosting the Offshore Cranes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Sales Channel, such as Direct, is boosting the Offshore Cranes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Structure, such as Bottom-Supported Structure, is boosting the Offshore Cranes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global Offshore Cranes market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Growing Demand of Oil & Gas and Offshore Support Vessels, Rising Renewable Offshore Industry and Increasing Oil Rig and Marine Operations Based On Applications”.
 

An offshore crane is defined as a pedestal-mounted elevating and rotating lifting device used to transfer materials and personnel to or from marine vessels, barges, and structures. An offshore crane's capacity also depends on factors the purchaser must supply to the crane manufacturer. These include the type of structure upon which the crane is mounted the environmental conditions in the platform's location and the load's location in relation to the crane. Further, Expansion in Offshore Exploration and Production Activities and growth in offshore industry is propelling the market growth.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Offshore Cranes market by Type (Knuckle Boom Design, Telescopic Boom Design, Lattice Boom Design and Others), by Application (Oil Rig Crane, Marine Crane and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market