Offshore Cranes Market Scope
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.
According to AMA, the Global Offshore Cranes market is expected to see growth rate of 9.09%
The Global offshore crane market is fragmented with several market players and new product innovations. For instance, Liebherr Company took a Contract for a new heavy lift offshore crane with a lifting capacity of 3,000 tonnes at more than 50 metres and a maximum lifting height in excess of 170 metres. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Offshore Cranes market throughout the predicted period.
Cargotec (Finland), Konecranes (Finland), Liebherr Group (Switzerland), Manitowoc (United States), TEREX Corporation (United States), Huisman Equipment B.V. (Brazil), Kenz Figee B.V. (Netherlands), National Oilwell Varco (United States), Palfinger AG (Austria) and Zoomlion (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of 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 Region with country level break-up.
On the basis of geography, the market of Offshore Cranes has been segmented into 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).
In November 2018, Sarens Company launched The SGC-250 (Sarens Giant Crane - 250) was launched at the port of Ghent, in Belgium. The SGC-250 is the first of the 3rd generation of ring-based cranes at Sarens. It has a maximum load moment of 250.000Tm which allows lifting an astonishing 5.000T. Even at a large radius of 100m, the crane is still capable of lifting 2.000T and, even when doing so, the ground pressure remains below 25T/mē. This extremely impressive metric is achieved through the high number of wheel bogies on the double ring beams and the spreader mats that the machine features.
Market Trend
- Increasing Installation of Float Over and Lift Processes
- Technological Innovations Leading to Efficient & Lightweight Offshore Cranes
Market Drivers
- Growing Demand of Oil & Gas and Offshore Support Vessels
- Rising Renewable Offshore Industry
- Increasing Oil Rig and Marine Operations Based On Applications
Opportunities
- Increase in the Offshore Spending by the Government
Restraints
- High Environment and Entry Barrier Risks
- Accidents in Manufacturing Plants and Construction Sites Involving Crane Structural Failure
Challenges
- Concerns Related to Safety and Fluctuating Oil Prices
- Decline in Offshore Vessel Demand
Key Target Audience
Offshore Crane Manufacturing Companies, Crane Distributors, Suppliers, and Wholesalers, Shipping Associations, Associations of Equipment Manufacturers, Investment Banks, Industry Associations, Potential Investors and Equipment Consulting & Research Companies