Offshore Crane Market Size By Type (Knuckle Boom Crane, Lattice Boom Crane, Telescopic Boom Crane), By Lifting Capacity (0 - 500 mt, 500 - 2,000 mt, Above 2,000 mt), By Application (Oil & Gas, Marine, Renewable Energy) & Forecast, 2023

Description

List of Tables

Offshore Crane Market is anticipated to register a positive trajectory from 2023 to 2032 owing to the increasing offshore construction activities across China and Latin America. For the record, the National Energy Administration announced that offshore wind annual installations increased to more than 16.5 gigawatts in 2021 in China.

Rising inclination towards developing energy-efficient infrastructure will substantially increase the demand for offshore cranes across the world. Besides, the surging deep-sea oil and gas exploration, increasing production activities, and demand for offshore wind projects will propel the market outlook over the estimated timeframe.

The companies operating in the market are also significantly investing in the development of cranes, which will positively influence the market demand through 2032. For instance, in February 2023, Heavy Lift Projects (HLP) secured additional funding from private investors, Capercaillie and Giles W Pritchard-Gordon & Co., for completing the engineering work on the company's first project, a new design of a ring crane for assembling and loading offshore windfarm components.

Overall, the offshore crane industry is segmented in terms of type, lifting capacity, application, and business.

Based on type, the lattice boom crane segment will showcase strong growth through 2032 owing to the increasing implementation in the oil & gas industry. Besides its benefits, such as increased mobility and greater stability for lifting heavier loads, these cranes are deployed on drilling rigs, exploration, and production platforms, which is anticipated to influence the offshore crane market over the projected timeframe.

On the basis of lifting capacity, the 500-2000 mt segment will grow owing to its robust applications in oil rigs for lifting, lowering, and transferring cargo from platforms. Besides, the 500-2000 mt cranes can be employed in marine applications such as oil production, offloading, storage, and drilling facilities. In addition, the increasing use of offshore cranes as large construction vessels for rigs and platforms will positively contribute to segment growth.

Considering the application, the renewable energy segment will depict over 4% CAGR throughout the forecast time. Increasing emphasis on the development of wind farms will drive the market expansion. Besides, the increasing construction of offshore wind farms that require offshore cranes for turbine maintenance and operation will complement the segment growth.

Regionally, the Asia Pacific offshore crane industry will garner substantial gains through 2032. The growth will be majorly attributed to the increasing focus on the region's offshore oil & gas industry and ongoing oil and gas exploration projects.

Product Code: 4103

Chapter 1 Methodology and Scope

1.1 Scope & definitions
1.2 Base estimates and calculations
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Offshore Crane industry 360 degree synopsis, 2018-2032
2.2 Business trends
2.3 Type trends
2.4 Lifting Capacity trends
2.5 Application trends
2.6 Regional trends

Chapter 3 Offshore Cranes Market Industry Insights

3.1 Impact of COVID-19
- 3.1.1 North America
- 3.1.2 Europe
- 3.1.3 Asia Pacific
- 3.1.4 Latin America
- 3.1.5 MEA
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key initiative and news
3.7 Regulatory landscape
3.8 Industry impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing offshore spending across the globe
  - 3.8.1.2 Expansion of the oil rig exploration sector in North America
  - 3.8.1.3 Large scale oil & gas production in Middle East
  - 3.8.1.4 Development of the offshore exploration & construction activities in China, Norway, and Latin America
  - 3.8.1.5 High wind energy generation activities across the globe
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High initial investments involved in purchasing offshore cranes
  - 3.8.2.2 Unavailability of skilled operators
  - 3.8.2.3 Fluctuating oil prices globally
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Cargotec Corporation
- 4.3.2 Liebherr Group
- 4.3.3 National Oilwell Vacro
- 4.3.4 Palfinger AG
- 4.3.5 Huisman Equipment B.V.
- 4.3.6 Seatrax Inc.
- 4.3.7 Appleton Marine, Inc.
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Offshore Crane Market, By Type

5.1 Key trends, by Type
5.2 Knuckle Boom Crane
- 5.2.1 Market estimates and forecast, 2018-2032
5.3 Lattice Boom Crane
- 5.3.1 Market estimates and forecast, 2018-2032
5.4 Telescopic Boom Crane
- 5.4.1 Market estimates and forecast, 2018-2032

Chapter 6 Offshore crane Market, By Lifting Capacity

6.1 Key trends, by Lifting Capacity
6.2 Below 500 mt
- 6.2.1 Market estimates and forecast, 2018-2032
6.3 500-2000 mt
- 6.3.1 Market estimates and forecast, 2018-2032
6.4 Above 2000 mt
- 6.4.1 Market estimates and forecast, 2018-2032

Chapter 7 Offshore Crane Market, By Application

7.1 Key trends, by Application
7.2 Oil & Gas
- 7.2.1 Market estimates and forecast, 2018-2032
7.3 Marine
- 7.3.1 Market estimates and forecast, 2018-2032
7.4 Renewable Energy
- 7.4.1 Market estimates and forecast, 2018-2032

Chapter 8 Offshore Crane Market, By Region

8.1 Key trends, by region
8.2 North America
- 8.2.1 Market estimates and forecast, by Type, 2018-2032
- 8.2.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
- 8.2.3 Market estimates and forecast, by Application, 2018-2032
- 8.2.4 U.S.
  - 8.2.4.1 Market estimates and forecast, by Type, 2018-2032
  - 8.2.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.2.4.3 Market estimates and forecast, by Application, 2018-2032
- 8.2.5 Canada
  - 8.2.5.1 Market estimates and forecast, by Type, 2018-2032
  - 8.2.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.2.5.3 Market estimates and forecast, by Application, 2018-2032
8.3 Europe
- 8.3.1 Market estimates and forecast, by Type, 2018-2032
- 8.3.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
- 8.3.3 Market estimates and forecast, by Application, 2018-2032
- 8.3.4 UK
  - 8.3.4.1 Market estimates and forecast, by Type, 2018-2032
  - 8.3.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.3.4.3 Market estimates and forecast, by Application, 2018-2032
- 8.3.5 Germany
  - 8.3.5.1 Market estimates and forecast, by Type, 2018-2032
  - 8.3.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.3.5.3 Market estimates and forecast, by Application, 2018-2032
- 8.3.6 France
  - 8.3.6.1 Market estimates and forecast, by Type, 2018-2032
  - 8.3.6.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.3.6.3 Market estimates and forecast, by Application, 2018-2032
- 8.3.7 Italy
  - 8.3.7.1 Market estimates and forecast, by Type, 2018-2032
  - 8.3.7.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.3.7.3 Market estimates and forecast, by Application, 2018-2032
- 8.3.8 Norway
  - 8.3.8.1 Market estimates and forecast, by Type, 2018-2032
  - 8.3.8.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.3.8.3 Market estimates and forecast, by Application, 2018-2032
8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, by Type, 2018-2032
- 8.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
- 8.4.3 Market estimates and forecast, by Application, 2018-2032
- 8.4.4 China
  - 8.4.4.1 Market estimates and forecast, by Type, 2018-2032
  - 8.4.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.4.4.3 Market estimates and forecast, by Application, 2018-2032
- 8.4.5 Japan
  - 8.4.5.1 Market estimates and forecast, by Type, 2018-2032
  - 8.4.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.4.5.3 Market estimates and forecast, by Application, 2018-2032
- 8.4.6 India
  - 8.4.6.1 Market estimates and forecast, by Type, 2018-2032
  - 8.4.6.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.4.6.3 Market estimates and forecast, by Application, 2018-2032
- 8.4.7 Australia
  - 8.4.7.1 Market estimates and forecast, by Type, 2018-2032
  - 8.4.7.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.4.7.3 Market estimates and forecast, by Application, 2018-2032
8.5 Latin America
- 8.5.1 Market estimates and forecast, by Type, 2018-2032
- 8.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
- 8.5.3 Market estimates and forecast, by Application, 2018-2032
- 8.5.4 Brazil
  - 8.5.4.1 Market estimates and forecast, by Type, 2018-2032
  - 8.5.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.5.4.3 Market estimates and forecast, by Application, 2018-2032
- 8.5.5 Mexico
  - 8.5.5.1 Market estimates and forecast, by Type, 2018-2032
  - 8.5.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.5.5.3 Market estimates and forecast, by Application, 2018-2032
8.6 MEA
- 8.6.1 Market estimates and forecast, by Type, 2018-2032
- 8.6.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
- 8.6.3 Market estimates and forecast, by Application, 2018-2032
- 8.6.4 GCC
  - 8.6.4.1 Market estimates and forecast, by Type, 2018-2032
  - 8.6.4.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.6.4.3 Market estimates and forecast, by Application, 2018-2032
- 8.6.5 South Africa
  - 8.6.5.1 Market estimates and forecast, by Type, 2018-2032
  - 8.6.5.2 Market estimates and forecast, by Lifting Capacity, 2018-2032
  - 8.6.5.3 Market estimates and forecast, by Application, 2018-2032

Chapter 9 Company Profiles

9.1 Appleton Marine, Inc.
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
9.2 Cargotec Corporation
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
9.3 DMW Marine Group
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
9.4 Heila Cranes
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
9.5 Huisman Equipment B.V.
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
9.6 Italgru S.r.l.
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
9.7 Kenz Figee Group
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
9.8 Liebherr Group
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT Analysis
9.9 Melcal
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 Strategic Outlook
- 9.9.5 SWOT Analysis
9.10 National Oilwell Varco
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis
9.11 Palfinger AG
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
9.12 PLM Cranes B.V.
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis
9.13 Seatrax, Inc.
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 Strategic Outlook
- 9.13.5 SWOT Analysis
9.14 Sormec
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 Strategic Outlook
- 9.14.5 SWOT Analysis