The hydraulic marine cranes market in Asia-Pacific is expected to grow from US$ 835.30 million in 2021 to US$ 1,270.54 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.
Hydraulic marine cranes are widely used at marine ports for loading and unloading of cargo. Growing trade and commerce activities are encouraging the deployment of a significant number of ports. For instance, the Indian Government has announced its ambitious project, Sagarmala, and it has planned six mega ports under this project, with an aim to complete those by 2025. Moreover, In March 2021, Sri Lanka approved New Port Development with Japan and India, under Sri Lankan government plans to develop new terminal at Colombo Port. In January 2020, China and Myanmar announced the development of new deep-sea port in Myanmar new economic partnership. Such surge in the development of ports across the region is projected to create steady growth opportunities for the hydraulic marine cranes market players, which is ultimately boosting the Asia-Pacific hydraulic marine cranes market.Asia-Pacific has experienced a significant decline in economic activities as the government imposed strict lockdowns, travel bans, and business shutdown to control the spread of SARS-CoV-2 in 2020. These actions led to delays in the delivery of vessels from the shipbuilding industry. China, Hong Kong, South Korea, and Japan are top Asian export countries that experienced disturbances in their cargo shipments. Thus, lower trade volumes coupled with the disrupted supply chain of the shipbuilding industry hindered the hydraulic marine cranes market performance in 2020. However, as trading activities picked pace from the last quarter of 2020, market players are experiencing steady growth in demand for hydraulic marine cranes.Asia-Pacific Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
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Asia-Pacific Hydraulic Marine Cranes Market Segmentation
Asia-Pacific Hydraulic Marine Cranes Market – By Design
- Knuckle Boom
- Telescopic Boom
- Stiff Boom
- Foldable Boom
Asia-Pacific Hydraulic Marine Cranes Market – By Capacity
- Below 50 Tm
- 50 - 150 Tm
- Above 150 Tm
Asia-Pacific Hydraulic Marine Cranes Market – By Boom Length
- Below 10 Meters
- 10 - 20 Meters
- Above 20 Meters
Asia-Pacific Hydraulic Marine Cranes Market– By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Asia-Pacific Hydraulic Marine Cranes Market-Companies Mentioned
- Amco Veba Marine
- Fassi Gru S.p.A.
- HEILA Cranes S.p.a.
- HIAB
- HYVA
- INDUSTRIAS GUERRA, SA
- Kenz Figee
- MELCAL S.p.A.
- Palfinger AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Hydraulic Marine Cranes Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC – PEST Analysis
4.3 Ecosystem Analysis
5. APAC Hydraulic Marine Cranes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Sea-borne Trade Activities
5.1.2 Presence of Large Number of Market Players
5.2 Market Restraints
5.2.1 Regulatory Pressure on Fishing Industry
5.3 Market Opportunities
5.3.1 Development of Large Number of Ports
5.4 Future Trends
5.4.1 Development of Electrical Powered Marine Cranes
5.5 Impact Analysis of Drivers and Restraints
6. Hydraulic Marine Cranes – APAC Market Analysis
6.1 APAC Hydraulic Marine Cranes Market Overview
6.2 APAC Hydraulic Marine Cranes Market Revenue Forecast and Analysis
7. APAC Hydraulic Marine Cranes Market– By Design
7.1 Overview
7.2 APAC Hydraulic Marine Cranes Market, by Design (2020 & 2028)
7.3 Knuckle Boom
7.3.1 Overview
7.3.2 Knuckle Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.4 Telescopic Boom
7.4.1 Overview
7.4.2 Telescopic Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.5 Stiff Boom
7.5.1 Overview
7.5.2 Stiff Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.6 Foldable Boom
7.6.1 Overview
7.6.2 Foldable Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Hydraulic Marine Cranes Market– By Capacity
8.1 Overview
8.2 APAC Hydraulic Marine Cranes Market, by Capacity (2020 & 2028)
8.3 Below 50 Tm
8.3.1 Overview
8.3.2 Below 50 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
8.4 – 150 Tm
8.4.1 Overview
8.4.2 – 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
8.5 Above 150 Tm
8.5.1 Overview
8.5.2 Above 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Hydraulic Marine Cranes Market– By Boom Length
9.1 Overview
9.2 APAC Hydraulic Marine Cranes Market, by Boom Length (2020 & 2028)
9.3 Below 10 Meters
9.3.1 Overview
9.3.2 Below 10 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.4 – 20 Meters
9.4.1 Overview
9.4.2 – 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.5 Above 20 Meters
9.5.1 Overview
9.5.2 Above 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Hydraulic Marine Cranes Market – Country Analysis
10.1 Overview
10.1.1 APAC: Hydraulic Marine Cranes Market, by Key Country
10.1.1.1 Australia: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Hydraulic Marine Cranes Market, by Design
10.1.1.1.2 Australia: Hydraulic Marine Cranes Market, by Capacity
10.1.1.1.3 Australia: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.2 China: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Hydraulic Marine Cranes Market, by Design
10.1.1.2.2 China: Hydraulic Marine Cranes Market, by Capacity
10.1.1.2.3 China: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.3 India: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Hydraulic Marine Cranes Market, by Design
10.1.1.3.2 India: Hydraulic Marine Cranes Market, by Capacity
10.1.1.3.3 India: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.4 Japan: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Hydraulic Marine Cranes Market, by Design
10.1.1.4.2 Japan: Hydraulic Marine Cranes Market, by Capacity
10.1.1.4.3 Japan: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.5 South Korea: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Hydraulic Marine Cranes Market, by Design
10.1.1.5.2 South Korea: Hydraulic Marine Cranes Market, by Capacity
10.1.1.5.3 South Korea: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.6 Rest of APAC: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Hydraulic Marine Cranes Market, by Design
10.1.1.6.2 Rest of APAC: Hydraulic Marine Cranes Market, by Capacity
10.1.1.6.3 Rest of APAC: Hydraulic Marine Cranes Market, by Boom Length
11. APAC Hydraulic Marine Cranes Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Amco Veba Marine
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Fassi Gru S.p.A.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 HEILA Cranes S.p.a.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 HIAB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 INDUSTRIAS GUERRA, SA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Kenz Figee
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 HYVA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 MELCAL S.p.A.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Palfinger AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Hydraulic Marine Cranes Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Hydraulic Marine Cranes Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Hydraulic Marine Cranes Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Hydraulic Marine Cranes Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Hydraulic Marine Cranes Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Hydraulic Marine Cranes Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Hydraulic Marine Cranes Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Hydraulic Marine Cranes Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Hydraulic Marine Cranes Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Hydraulic Marine Cranes Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Hydraulic Marine Cranes Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Hydraulic Marine Cranes Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Hydraulic Marine Cranes Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Hydraulic Marine Cranes Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Hydraulic Marine Cranes Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Hydraulic Marine Cranes Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Hydraulic Marine Cranes Market, by Design – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Hydraulic Marine Cranes Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Hydraulic Marine Cranes Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Hydraulic Marine Cranes Market Segmentation
Figure 2. APAC Hydraulic Marine Cranes Market Segmentation – By Country
Figure 3. APAC Hydraulic Marine Cranes Market Overview
Figure 4. APAC Hydraulic Marine Cranes Market, by Design
Figure 5. APAC Hydraulic Marine Cranes Market, by Capacity
Figure 6. APAC Hydraulic Marine Cranes Market, By Country
Figure 7. APAC – PEST Analysis
Figure 8. Hydraulic Marine Cranes Market: Ecosystem Analysis
Figure 9. APAC Hydraulic Marine Cranes Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Hydraulic Marine Cranes Market Revenue Forecast and Analysis (US$ Million)
Figure 11. APAC Hydraulic Marine Cranes Market, by Design (2020 & 2028)
Figure 12. Knuckle Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Telescopic Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Stiff Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Foldable Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Hydraulic Marine Cranes Market, by Capacity (2020 & 2028)
Figure 17. Below 50 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. – 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Above 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Hydraulic Marine Cranes Market, by Boom Length (2020 & 2028)
Figure 21. Below 10 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. – 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Above 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Hydraulic Marine Cranes Market, by key Country– Revenue (2020) (US$ Million)
Figure 25. APAC: Hydraulic Marine Cranes Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Australia: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Hydraulic Marine Cranes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in APAC Country Markets
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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