US Was the Largest Market in the North American Cranes, Lifting and Handling Equipment Market

Date: 2015-09-21

“• The Asia-Pacific cranes, lifting and handling equipment market recorded a review-period CAGR of 4.42%. China held the largest share of the Asia-Pacific market in 2013, with 54.1%, followed by South Korea, Japan, Australia and India with 15.9%, 13.6%, 6.5% and 4.3% respectively

• The European cranes, lifting and handling equipment market covers the markets of 26 European countries. Germany held the largest share with 19.3%, followed by France, Russia, the UK, Italy and Belgium with 11.6%, 10.1%, 7.2%, 6.9% and 5.4% respectively. The European cranes, lifting and handling equipment market recorded a review-period CAGR of 1.26%, and is expected to record a forecast-period CAGR of 5.83%, due to the anticipated easing of the debt crisis and construction industry growth.

• The US was the largest market in the North American cranes, lifting and handling equipment market, with an 85.1% share, while Canada accounted for the remainder. Owing to a low base-year value, the North American cranes, lifting and handling equipment market recorded a review-period CAGR of 6.78%. The market is expected to post a forecast-period CAGR of 5.67%, driven largely by recovery in the US construction industry.

• In the Latin American cranes, lifting and handling equipment market, Brazil accounted for the largest share of 54.8% in 2013, followed by Mexico, Argentina and Colombia with respective shares of 30.5%, 9.1% and 5.6%. The market registered a review-period CAGR of 13.93% due to a low base-year value, and is expected to grow at a forecast-period CAGR of 5.72%. Brazil is expected to be a key source of the demand for cranes, lifting and handling equipment in Latin America over the forecast period, as the country is set to host the 2016 Olympic Games. Moreover, the government’s Growth Acceleration Plan-2 (the Programa de Aceleração do Crescimento – PAC-2) will also support this growth.

• The Middle Eastern cranes, lifting and handling equipment market was the smallest regional market in 2013, accounting for 2.8% of the global market. Saudi Arabia was the region’s largest market in 2013, accounting for a 48.5% share, followed by the UAE, Qatar and Bahrain with 36.9%, 9.8% and 4.8% respectively. The market recorded a review-period CAGR of 1.49% and is expected to register a forecast-period CAGR of 6.38%.”

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample