The global offshore crane market is growing significantly at a CAGR of around 8.0% during the forecast period. Offshore crane is a pedestal mounted elevating and rotating lifting device that is utilized to transfer materials from one vessel to another. Offshore crane is utilized in the production and drilling operation, heavy-lift, and shipboard applications. The global offshore Crane market is significantly growing attributed to prominent trends that the market is witnessing such as increasing the installation of float over and lift processes and increasing the offshore renewable industry. Offshore crane industry is anticipated to grow mainly owing to its increasing application in the oil & gas industry for a heavy-duty operation that includes assembly of oil rigs and construction of wind parks. The growing demand for these machines is increasing owing to large precision and safety measures integrated into offshore models.

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The growing demand for energy owing to the large utilization of electrical appliances and vehicles is resulting in the implementation of wind farms and hence, promoting the growth of the offshore crane market during the forecast period. Growing development in the oil & gas extracting system has resulted in a rising need for repair and maintenance activities that create a large machinery demand. These machines are used to transfer heavy material and personnel from the marine vessels and structures. The rising subsea construction activities are supporting the growth of the market.

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Global Offshore Crane Market Segmentation

By Application

Oil Rig Crane

Marine Crane

Other Cranes

By End-User

Oil & Gas

Marine

Renewable Energy

Other

By Design Type

Knuckle Boom

Telescopic

Lattice

Other

Regional Analysis

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Appleton Marine, Inc.

Cargotec Corp.

DMW Marine Group

EBI Cranes, LLC

Gulf Crane Services, Inc.

HEILA Cranes S.P.A.

HuismanEquipment B.V.

KenzFigee Group

Konecranes PLC

Liebherr Group

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