Global Crane And Hoist Market, By Type (Crane and Hoist), By Application (Construction, Transportation and Logistics, Marine, Oil & Gas, Mining, Agriculture, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Feb 2024

Code : CMI6689

Pages :165

Formats :

Excel and PDF

Industry : Construction Engineering

Market Concentration and Competitive Landscape

Global Crane And Hoist Market Concentration, By Players

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Growth of E-Commerce Industry

The explosive growth of the e-commerce industry has emerged as a major driver bolstering the demand for cranes and hoists. The warehousing and logistics operations centered around e-commerce fulfillment are heavily reliant on material handling equipment to efficiently receive, store, and dispatch high volumes of customer orders on daily basis. With projections of further increases in online shopping and faster delivery timelines, the distribution and fulfillment networks of ecommerce companies are undergoing continuous expansions. New large format warehouses equipped with advanced automation solutions are coming up in major markets. Similarly, existing facilities also require frequent upgrades and additions of advanced lift trucks including overhead cranes, jib cranes, gantry cranes, automated guided vehicles, and forklifts.

Inventory turnover is very high in e-commerce warehouses as they strive to maintain minimal stock-outs while offering a wide range and quick replenishments. This necessitates the seamless movement of pallets and containers within the facility.

Key Players Insights