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ian.bellcricket
Jun 02, 2021

Global Crane Market

in General Discussions

The Crane Market was valued at USD 33 billion in 2020 and is expected to reach USD 48 billion by 2026 registering a CAGR of around 6.26% during the forecast period (2021 - 2026).

The Covid-19 pandemic has hindered the growth of Crane market as sectors such as energy, manufacturing, construction, and automotive were affected significantly. The construction sector also witnessed a significant decline in the number of projects worldwide as most countries across the world have imposed lockdown restrictions, disrupting overall supply chain.

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