Global Marine Cranes Market - 2019-2026
|船舶用クレーンの世界市場 (2019～2026年) Global Marine Cranes Market - 2019-2026|
|出版日: 2020年07月18日||ページ情報: 英文||
Marine cranes are designed to operate medium to large loads required in offshore operations. The marine cranes are used for loading and unloading of containers, bulk loads and can be mounted on vessels in marine. The cranes are designed with specific precautions to handle various conditions in the marine for loading and unloading oil drilling platforms, navy ships, vessels, and fishing. The cranes help to carried out into waters with appropriate protection and other features to handle the various loads. The marine crane has certain features like seal welding for corrosion protection, UV resistant paint, and, watertight grips for various lifting capacities and reach lengths with appropriate safety certifications. Marine cranes can also be built according to the requirement for handling the various operations. Marine crane can be designed proper installation, building, with custom testing, and maintenance services provided by the major leading players. The global Marine cranes market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand of marine crane for lifting fleets, dead weights, and containers on the ports at sea. The major use of marine cranes is to load and unload the containers from the port to vessels and vice versa. According to the UNCTAD in 2018, the global maritime trade volume was estimated to around 11 billion tons which is increasing at average rate of 3.4% during the period of 2019 to 2024.
There is a rise in the launch of new innovative design implemented with next generation, modular offshore technology crane oil and gas industry may create huge opportunity for the growth of the marine crane market. For instance in 2019, Thunder Crane Company had launched next generation offshore portable modular crane with the support of combined turret for minimizing the rig up and rig down. This crane has been designed with customized hoists made by Appleton which is light in weight and allows enhanced line speed with more rope capacity used for oil and gas industry.
The global Marine cranes market is segmented based on product type, lifting capacity, application, and region.
In terms of product type the global marine cranes market is bifurcated into yacht crane
Foldable crane, knuckle boom, telescopic boom and stiff boom. Among this Foldable crane segment has highest share in 2019 owing to property like good stability, can be for the flexible operations, and strong adaptability to in the any field.
Similarly yacht, knuckle boom, telescopic boom and stiff boom segment are also growing at faster pace owing to rising the oil exploration and production activities, wind energy establishments in the sea for creating the renewable energy supply. For instance from the recent news on 31st March 2020, Europe has planned to establish huge, floating offshore wind turbine at sea. According to the trade body WindEurope in 2019, the average size of offshore turbines installed were 7.8 MW. International Consortium of Investigative Journalists Organization's report, the countries like Germany, Spain Norway, France, and Denmark has aimed for reducing the cost of floating offshore wind energy production. Thus to build such huge infrastructure of wind energy turbines and other components, the marine crane plays vital role for building such network.
Depending on the lifting capacity, the global marine cranes are segmented into 2 tons to 500 tons, 501 tons to 15,000 tons, 15,001 tons to 30000 tons. Among this 501 tons to 15000 tons segment has the highest market share in 2019. This growth is anticipated due rise in oil exploration and production activities from the developing region like China, India and Middle East Countries. According to the Organization of the Petroleum Exporting Countries, overall half of the global refinery capacity of oil and natural gases 9.5 million barrels per day has been added from the Asia-Pacific, and Middle East region. The Middle East region has the total capacity of around 3.7 mb/d for the exploration which is 20% of the total. Thus for the oil exploration the marine cranes has substantial use to help in handling various tanks loads of different capacities.
Similarly, 2 tons to 500 tons, and 501 tons to 15,000 tons segments are also growing at faster pace owing to increasing the import export trading and rise in the total equivalent fleet capacity of the containers at various ports. According to United Nations Conference on Trade and Development (UNCTAD) report 2018, An estimated 793.26 million total equivalent units of load were handled and total world fleet capacity stood at 1.97 billion for the dead-weight tons which is growing at the rate of to 2.61 %. This has boosted the demand for the marine crane to handle the loads of containers, vessels on the different ports worldwide.
Further, the market is also classified based on the application as workboats, shipping & ports, oil & gas platforms, research & fishing vessels and government & military. Among this oil & gas platforms segment has the highest market share in 2019 as surge in the utilization of marine cranes by the various oils and gas companies for exploration due to surge in the global demand. According to the International Energy Agency (IEA), for the global sustainable development there will be requirement of around USD 4.6 trillion capital investment for all types of offshore energy by 2040. Thus it will generate huge opportunity for the marine crane market which has vital role in handling the heavy loads while exploring the oil and gases.
The workboats, shipping & ports, research & fishing vessels and government & military segments are also expected to witness positive market growth due to the rising demand for the marine cranes used for carrying loads at ports, and by renewable energy companies as well as government entities. For instance on 3rd June 2020, the Oregon's PacWave has been planned to enter into US Marine Energy Market. PacWave has received around USD 35 million from the U.S. Department of Energy for the install power-generating devices in the water.
By region, the global Marine cranes market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominating region for the global Marine cranes market and expected to grow at the highest CAGR during the forecasted period due presence of oil exploration and production countries with surge demand followed by North America region. Asia Pacific region has been invested capital for infrastructure development due to growing the demand for energy and transportation. According to the Asian Development Bank (ADB), from 2010 to 2020, the Asia Pacific region has been invested around USD 8 trillion in overall national infrastructure including energy and transportation. Furthermore the marine crane has huge demand at different ports to handle the containers for import export activities. As per the United Nations Conference on Trade and Development (UNCTAD) in 2018, the container port traffic in the Asian Countries was 64% whereas in Europe and North America region were 16% and 8% respectively.
The North America region is expected to have positive market growth due to the presence of advanced technology and high petroleum demand for automotive vehicles. According to the API Petroleum Statistical Data in 2020, the U.S. petroleum demand for gasoline vehicles was around 2.0 million barrels per day (mb/d) which propels the oil and gas exploration activities.
The global Marine cranes market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. PALFINGER AG, Kenz Figee Group, Konecranes, Liebherr Group, National Oilwell Varco, PLM Cranes B.V., Seatrax, Inc., Sormec, Cargotec Corporation, Heila Cranes, Huisman Equipment B.V. and ZPMC are the leading market players with significant market share.
Major players are receiving launching new technology advanced marine cranes with the high lifting power and compact dimensions for industrial, oil & gas explorations. For instance, on 31st August 2018 Palfinger has been launched first crawler crane with 40 cm narrower than a conventional with knuckle boom angled facility. This crane has substantial use for the indoor, urban areas as well as in the industrial sector.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 4th March 2020, JFLCO Company had been completed the acquisition of global marine group for around USD 99 millions.