FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 427
Companies: 43 – Players covered include ATLAS GmbH; Cargotec Corporation; Cormach S.r.l; Fassi Gru SpA; Hyva Holding BV (HYVA); Next Hydraulics s.r.l.; PALFINGER AG; PM Group S.p.A.; Tadano Ltd.; XCMG Group and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Construction, Forestry, Agriculture, Oil & Gas, Manufacturing, Transport & Logistics, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Loader Cranes Market to Reach $4.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Loader Cranes estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 3.2% over the analysis period. Construction, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Forestry segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $928.5 Million by 2026
The Loader Cranes market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$928.5 Million by the year 2026 trailing a CAGR of 6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.
Agriculture Segment to Reach US$560.3 Million by the year 2026
In the global Agriculture segment, USA, Canada, Japan, China and Europe will drive the 2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$366.2 Million in the year 2020 will reach a projected size of US$421.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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