According to a new report published by Allied Market Research, titled, "Maritime Cranes Market," The maritime cranes market was valued at $2.8 billion in 2020, and is estimated to reach $4.6 billion by 2032, growing at a CAGR of 3.8% from 2023 to 2032.Maritime cranes are commonly found on ships, offshore platforms, barges, and offshore platforms, and are widely used for loading and unloading cargo and transferring supplies and equipment between two vessels or offshore platforms. There are various types of cranes primarily having two types of booms including lattice boom, and telescopic boom.

The maritime cranes market is witnessing an increased demand owing to a rise in offshore construction activities, such as the construction of various offshore wind farms across the world. For example, the government of the UK is significantly investing in offshore oil & gas projects. For instance, Murlach oil field project located in the Central North Sea around 203 km east of the Aberdeenshire coastline, Scotland, is being developed and is expected to become operational by the second quarter of 2025. This project will make significant use of maritime cranes. Moreover, increasing demand for oil and gas for producing petrol, diesel, jet fuel, and others is expected to drive growth in offshore oil and gas rigs, thereby positively affecting the maritime cranes market.
However, the high cost of maritime cranes and expensive maintenance is anticipated to limit the market growth. Contrarily, advancements in technology such as the incorporation of robotics, remote controls, and other technologies in maritime cranes are expected to provide lucrative growth opportunities to the market players.
Furthermore, due to rising inflation mainly driven by Ukraine -Russia war, the price of oil & gas, as well as the price of raw materials are experiencing increased volatility across the world. This has led to slow-paced growth of the maritime cranes market and its related industries.
The maritime cranes market is segmented on the basis of boom type, capacity, application, and region. By boom type, the market is bifurcated into lattice boom, and telescopic boom. Depending upon the capacity, the market is categorized into up to 10 tons, 10 tons to 100 tons, 100 tons to 300 tons, and above 300 tons. On the basis of application, it is divided into oil & gas rigs, construction vessels, fishing vessels, other. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the maritime cranes market are provided in the report. Major companies in the report include, Cargotec Corporation (MacGregor), Heila Cranes Ltd., Huisman Equipment B.V., Kenz Figee, Liebherr-International AG, NOV INC., PALFINGER AG, PLM Cranes B.V., Seatrax Inc., Sormec s.r.l.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging maritime cranes market trends and historic data.
- In-depth maritime cranes market analysis is conducted by constructing market estimations for key market segments between 2022 and 2032.
- Extensive analysis of the maritime cranes market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The maritime cranes market revenue and volume forecast analysis from 2023 to 2032 is included in the report.
- The key players within the maritime cranes market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the maritime cranes industry.
Key Market Segments
By Capacity
- 100 tons to 300 tons
- Above 300 tons
- Up to 10 tons
- 10 tons to 100 tons
By Application
- Oil and gas rigs
- Construction vessels
- Fishing vessels
- Other
By Boom Type
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Cargotec Corporation (MacGregor)
- Heila Cranes S.p.A.
- Huisman Equipment B.V.
- Kenz Figee
- Liebherr-International AG
- NOV INC.
- PALFINGER AG
- PLM Cranes B.V.
- Seatrax, Inc.
- Sormec s.r.l.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in demand for oil and gas
- 3.4.1.2. Increasing off shore wind turbine fields
- 3.4.1.3. Advantages of maritime cranes
- 3.4.2. Restraints
- 3.4.2.1. High operational and maintenance cost
- 3.4.3. Opportunities
- 3.4.3.1. Advancement in technology
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MARITIME CRANES MARKET, BY BOOM TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Lattice boom
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Telescopic
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: MARITIME CRANES MARKET, BY CAPACITY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Up to 10 tons
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. 10 tons to 100 tons
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. 100 tons to 300 tons
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Above 300 tons
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: MARITIME CRANES MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Oil and gas rigs
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Construction vessels
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Fishing vessels
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Other
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: MARITIME CRANES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Boom Type
- 7.2.3. Market size and forecast, by Capacity
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Boom Type
- 7.2.5.1.3. Market size and forecast, by Capacity
- 7.2.5.1.4. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Boom Type
- 7.2.5.2.3. Market size and forecast, by Capacity
- 7.2.5.2.4. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Boom Type
- 7.2.5.3.3. Market size and forecast, by Capacity
- 7.2.5.3.4. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Boom Type
- 7.3.3. Market size and forecast, by Capacity
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Boom Type
- 7.3.5.1.3. Market size and forecast, by Capacity
- 7.3.5.1.4. Market size and forecast, by Application
- 7.3.5.2. UK
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Boom Type
- 7.3.5.2.3. Market size and forecast, by Capacity
- 7.3.5.2.4. Market size and forecast, by Application
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Boom Type
- 7.3.5.3.3. Market size and forecast, by Capacity
- 7.3.5.3.4. Market size and forecast, by Application
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Boom Type
- 7.3.5.4.3. Market size and forecast, by Capacity
- 7.3.5.4.4. Market size and forecast, by Application
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Boom Type
- 7.3.5.5.3. Market size and forecast, by Capacity
- 7.3.5.5.4. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Boom Type
- 7.4.3. Market size and forecast, by Capacity
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Boom Type
- 7.4.5.1.3. Market size and forecast, by Capacity
- 7.4.5.1.4. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Boom Type
- 7.4.5.2.3. Market size and forecast, by Capacity
- 7.4.5.2.4. Market size and forecast, by Application
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Boom Type
- 7.4.5.3.3. Market size and forecast, by Capacity
- 7.4.5.3.4. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Boom Type
- 7.4.5.4.3. Market size and forecast, by Capacity
- 7.4.5.4.4. Market size and forecast, by Application
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Boom Type
- 7.4.5.5.3. Market size and forecast, by Capacity
- 7.4.5.5.4. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Boom Type
- 7.5.3. Market size and forecast, by Capacity
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Boom Type
- 7.5.5.1.3. Market size and forecast, by Capacity
- 7.5.5.1.4. Market size and forecast, by Application
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Boom Type
- 7.5.5.2.3. Market size and forecast, by Capacity
- 7.5.5.2.4. Market size and forecast, by Application
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Boom Type
- 7.5.5.3.3. Market size and forecast, by Capacity
- 7.5.5.3.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2020
CHAPTER 9: COMPANY PROFILES
- 9.1. Liebherr-International AG
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Huisman Equipment B.V.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. NOV INC.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. PALFINGER AG
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. PLM Cranes B.V.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Sormec s.r.l.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Cargotec Corporation (MacGregor)
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Kenz Figee
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Key strategic moves and developments
- 9.9. Seatrax, Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Key strategic moves and developments
- 9.10. Heila Cranes S.p.A.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio