Autonomous Cranes Market Business Factors, Opportunities And Forecast 2027

 Autonomous cranes are mechanical devices with wire ropes, sheaves, or chain hoists that use advanced technology software and hardware for material handling applications such as artificial intelligence (AI) and machine vision. Autonomous cranes are next-generation solutions for lifting and moving large objects that offer numerous benefits such as accident prevention, time savings, and operational efficiency. Autonomous cranes are in their early stages of development, and the majority of players are focused on Cranes Type development to meet customer needs. Autonomous cranes can be operated from the control room, allowing operators to keep a close eye on the crane's activity while maintaining a high level of safety and comfort.

Autonomous Cranes Market Report Scope and Research Methodology:

The report's main goal is to provide a comprehensive assessment of the Autonomous Cranes market, which includes major leading stakeholders in the Autonomous Cranes industry. The assessment clearly shows the forecasted market size and trends, as well as the Autonomous Cranes market's historical and status. The report includes revenue, market share, production, and sales data for the Autonomous Cranes market. In addition, the report includes Autonomous Cranes market segment trends, investment, and technology, as well as the competitive landscape. It also includes an examination of regional and market segments, application areas, and market growth strategies. An in-depth analysis of market segmentation aids in determining current market opportunities, and the major segments of the Autonomous Cranes market are further subdivided.

The report analyses the Autonomous Cranes market qualitatively and quantitatively from 2022 to 2029 to identify the current market opportunity. Porter's five forces analysis highlights the ability of Autonomous Cranes industry suppliers and buyers to make profit-oriented business decisions and strengthen their buyer-supplier network. The Autonomous Cranes market study provides unique guidance in thoughtful details regarding development factors, and it was created using a top-down and bottom-up approach to ensure accuracy and precision. SMR's expert analysts gathered data for the Autonomous Cranes market report using extensive primary and secondary research methodologies.

Autonomous Cranes Market Overview

The report goes into detail about the Autonomous Cranes Market's drivers, restraints, technological advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period. The report provides a comprehensive examination of the Autonomous Cranes industry, including key figures such as Autonomous Cranes market size, market share, revenue growth, and CAGR for the forecast period (2021 to 2027).

Autonomous Cranes Market Size has valued at USD 3.34 billion in 2021. Global Autonomous Cranes Market size is estimated to grow at a CAGR of 24.70% over the forecast period.

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Autonomous Cranes Market Drivers:

According to a study released in January 2019 by the Asian Development Bank (ADB) and the Korea Development Institute, the infrastructure database contains approximately 6400 PPP infrastructure projects with at least 20% private ownership. PPPs are widely distributed across Asia, with 70% concentrated in South and East Asia, and China and India accounting for 90% of the total. Cranes are widely used in the infrastructure sector. As a result, the expansion of the industry is expected to increase demand for cranes. The changing requirements for safety and operational efficiency in the infrastructure sectors are expected to increase demand for automatic cranes and drive market growth.

Autonomous Cranes Market Segmentation:

By crane type, the static crane dominated the market, accounting for more than 55% of sales in 2021. An autonomous fixed crane is expected to grow at a rate of 24.1% over the forecast period. The rise of the static crane can be attributed to the increased use of fixed cranes in the maritime and offshore, mining and excavation, and construction sectors. Fixed cranes have a greater lifting capacity at greater heights. Because of increased demand for mobile crane services in the construction, mining, and drilling industries, the mobile crane segment is expected to be the fastest-growing sector of the market during the forecast period.

Building and construction held the largest market share by End-Use in 2020, accounting for 37.40% of the total market. The construction industry has expanded significantly in recent years. The demand for various cranes is constantly increasing due to strong growth in residential and non-residential construction in both emerging and developed countries. Because of the high utilization of static cranes in the offshore sector, the marine and offshore segment had a significant share of 25.83% in 2020 and is expected to grow during the forecast period. During the forecast period, the mining and excavation segment is expected to grow at a CAGR of 25.4%. The mining and excavation industries are expected to see an increase in demand for autonomous mobile cranes.

Autonomous Cranes Market Key Players:

AlDrivers Ltd
Cargotec Corportion
Columbus McKinnon
Intsite Ltd.
Komatsu Ltd.
Konecranes Plc
Schneider Electric
SMIE
Syracuse
VOCA

Autonomous Cranes Market Regional Insights:

Major countries in each region are included in the report according to their revenue contribution to the Autonomous Cranes market. The study includes a region-wise detailed analysis of the Autonomous Cranes market. The regions are:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • the Middle East, and Africa

Key Questions answered in the Autonomous Cranes Market Report are:

  • What are the sales, production, consumption, and import and export of Autonomous Cranes globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
  • Who are the major players in the Autonomous Cranes Industry on a worldwide scale?
  • What is the state of business of Autonomous Cranes market players?
  • What are the market opportunities and restraints for Autonomous Cranes suppliers in the Autonomous Cranes industry?
  • Which application, end-user, or product category might be looking for new growth opportunities? What is each type's and application's Autonomous Cranes market share?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2021−2027
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments with their sub-segments and Region
  • Competitive Landscape – Top Key Players and Other Prominent Players

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

Contact Stellar Market Research

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Pinnac Memories Fl. No. 3, Kothrud,

Pune, Maharashtra, 411029

sales@stellarmr.com

+91 20 6630 3320    +91 9607365656

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