Hydraulic Marine Cranes Market to Grow at a CAGR of 6.4% to reach US$ 5,850.88 million from 2021 to 2028

Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50-150 Tm, and Above 150 Tm), and Boom Length (Below 10 Meters, 10-20 Meters, and Above 20 Meters)

  • Report Code : TIPRE00022486
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 172
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The hydraulic marine cranes market is expected to grow from US$ 3,781.55 million in 2021 to US$ 5,850.88 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

Trading activities are gaining significant traction, owing to the ongoing economic development over the last decade. Governments across the world are forming alliances and relaxing trade policies, owing to the growing importance of globalization. Moreover, economies in Asia such as China, India, Vietnam, Indonesia, and Thailand are receiving heavy foreign direct investments (FDIs) in the manufacturing sector. Further, regional governments are also aiding market players with various monetary and non-monetary incentives such as reduced taxes, relaxed regulation and reporting norms, and complete ownership of business. Such initiatives are attracting various companies to either setup manufacturing facilities or uplift the manufacturing output. Lowering labor costs and rising disposable income worldwide are, in turn, accelerating the seaborne trade. This is projected to subsequently drive the adoption of hydraulic marine cranes in the region.

Impact of COVID-19 Pandemic on Hydraulic Marine Cranes Market

Owing to the COVID-19 containment measures such as lockdowns, business shutdowns, and travel restrictions, the production and supply chain of hydraulic marine cranes were negatively affected, leading to decline in production from the supply side. Moreover, as majority of countries strictly implemented containment measures, the trading activities were severely affected. This, in turn, negatively affected the adoption hydraulic marine crane from supply side in 2020. However, as the trading activities picked pace from the last quarter of 2020, the market players are experiencing steady growth in demand from end users of hydraulic marine cranes market

Lucrative Regional Markets for Hydraulic Marine Cranes Providers

Lucrative Regional Markets for Hydraulic Marine Cranes Providers
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Hydraulic Marine Cranes Market Insights

Development of Large Number of Ports

Hydraulic marine cranes are widely used at marine ports for loading and unloading of cargo. The growing trade and commerce activities worldwide are encouraging the deployment of a significant number of ports. For instance, the Indian Government has announced its ambitious project – Sagarmala. The government has planned six mega ports under this project with an aim to complete those by 2025. Moreover, in March 2021, under the Sri Lankan government’s plans to develop a new terminal at Colombo Port, Sri Lanka approved new port development with Japan and India. In December 2020, DP World announced its agreement with the government of Senegal to develop a new deep-water port in Ndayane, Senegal. In January 2020, China and Myanmar announced the development of new deep-sea port under Myanmar new economic partnership. In 2019, Oman announced the development of a port at Duqm. Such surge in development of ports across the world is projected to create steady growth opportunities for the hydraulic marine crane market players.

Design-Based Market Insights

Based on the design, the hydraulic marine crane market is segmented into knuckle boom, telescopic boom, stiff boom, and foldable crane. The foldable boom segment dominated the hydraulic marine crane market. The foldable boom marine cranes are cranes whose boom can be folded in order to save space at ports or vessel. These cranes are majorly used on ships and boats; however, they are also used at ports. These cranes are known to offer constant torque momentum, which allows to reduce the pendulum effect while operating the load. Moreover, the foldable boom crane also has significant loading and unloading capabilities when it comes to handling equipment, containers, as well delicate and heavy material. The compact size and significant load carrying capabilities is the prime reason for the growing adoption of foldable boom marine cranes.

Hydraulic Marine Cranes Market, by Capacity – 2020 and 2028   


Hydraulic Marine Cranes Market, by Capacity – 2020 and 2028   
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Hydraulic Marine Cranes Market: Strategic Insights

hydraulic-marine-cranes-market
Market Size Value inUS$ 3,781.55 Million in 2021
Market Size Value byUS$ 5,850.88 Million by 2028
Growth rateCAGR of 6.4% from 2021-2028
Forecast Period2021-2028
Base Year2021
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The players operating in the hydraulic marine cranes market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In 2021, Hiab announced that it has renewed contract agreement with Thor Middle East, which was recently acquired by Al Shirawi Equipment Co. Under the renewed agreement, Thor Middle East will continue its operation as a regional distributor of Hiab.
  • In 2019, KenzFigee announced that it had expanded its reach in the Middle East by establishing new offices in Abu Dhabi, Saudi Arabia.

The global hydraulic marine cranes market has been segmented as follows:


Global Hydraulic Marine Cranes Market – by Design

  • Knuckle Boom
  • Telescopic Boom
  • Stiff Boom
  • Foldable Cranes


Global Hydraulic Marine Cranes Market – by Capacity

  • Below 50 Tm
  • 50–150 Tm
  • Above 150 Tm


Global Hydraulic Marine Cranes Market – by Boom Length

  • Below 10 Meters
  • 10–20 Meters
  • Above 20 Meters

Global Hydraulic Marine Cranes Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Amco Veba Marine
  • Dmw Marine Group
  • Fassi Gru S.p.A.
  • Fred Wahl Marine Construction, Inc.
  • Heila Cranes S.p.A.
  • HIAB
  • HS.MARINE S.r.L.
  • HYVA
  • Industrias Guerra, S.A.
  • Kenz Figee
  • Melcal
  • Mkg Maschinen-& Kranvertrieb
  • Palfinger AB
  • TMS
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Design , Capacity , and Boom Length

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which design segment led the hydraulic marine cranes market?

Based on the design, the hydraulic marine crane market is segmented into knuckle boom, telescopic boom, stiff boom, and foldable boom. The adoption of different types of hydraulic marine cranes is surging in the current scenario, however, the demand for foldable boom cranes is maximum among the end users. Owing to this, the crane vessel or crane ship manufacturers are increasingly procuring the foldable boom cranes, which has led the segment to dominate the market. On the other hand, the knuckle boom cranes are gaining attraction among end users, as these cranes are highly effective in operation and incurs less maintenance cost throughout the lifespan. Thus, the knuckle boom crane segment is foreseen to be the fastest growing segment during the forecast period.

Which factors are driving the hydraulic marine cranes market?

The hydraulic marine cranes market is anticipated to witness an impressive growth rate during 2021–2028. increase in sea-borne trade activities and presence of large number of market players are the primary factors contributing to the market growth. However, regulatory pressure on fishing industry might hinder the market growth in the coming years. Despite the restraining factor, development of large number of ports are expected to fuel the future growth of the hydraulic marine cranes market.

Which region led the global hydraulic marine cranes market?

The global Hydraulic Marine Cranes market is fragmented into major regions—North America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA, and South America (SAM). In 2021, the Europe segment accounted for a significant share in the global hydraulic marine cranes market.

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. Hydraulic Marine Crane Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.2.2 Europe – PEST Analysis

4.2.3 Asia-Pacific – PEST Analysis

4.2.4 Middle East and Africa – PEST Analysis

4.2.5 South America – PEST Analysis

4.3 Ecosystem Analysis

5. Hydraulic Marine Crane Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in 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 Electrically Powered Marine Cranes

5.5 Impact Analysis of Drivers and Restraints

6. Hydraulic Marine Cranes – Global Market Analysis

6.1 Global Hydraulic Marine Crane Market Overview

6.2 Global Hydraulic Marine Crane Market Revenue Forecast and Analysis

6.3 Market Positioning – Five Key Players

7. Hydraulic Marine Crane Market Revenue and Forecast to 2028 – By Design

7.1 Overview

7.2 Hydraulic Marine Crane Market, by Design (2020 & 2028)

7.3 Knuckle Boom

7.3.1 Overview

7.3.2 Knuckle Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

7.4 Telescopic Boom

7.4.1 Overview

7.4.2 Telescopic Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

7.5 Stiff Boom

7.5.1 Overview

7.5.2 Stiff Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

7.6 Foldable Boom

7.6.1 Overview

7.6.2 Foldable Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

8. Hydraulic Marine Crane Market Analysis and Forecast to 2028 – By Capacity

8.1 Overview

8.2 Hydraulic Marine Crane Market, by Capacity (2020 & 2028)

8.3 Below 50 Tm

8.3.1 Overview

8.3.2 Below 50 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

8.4 – 150 Tm

8.4.1 Overview

8.4.2 – 150 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

8.5 Above 150 Tm

8.5.1 Overview

8.5.2 Above 150 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

9. Hydraulic Marine Crane Market Analysis and Forecast to 2028 – By Boom Length

9.1 Overview

9.2 Hydraulic Marine Crane Market, by Boom Length (2020 & 2028)

9.3 Below 10 Meters

9.3.1 Overview

9.3.2 Below 10 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

9.4 – 20 Meters

9.4.1 Overview

9.4.2 – 20 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

9.5 Above 20 Meters

9.5.1 Overview

9.5.2 Above 20 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

10. Hydraulic Marine Crane Market – Geographic Analysis

10.1 Overview

10.2 North America: Hydraulic Marine Crane Market

10.2.1 North America: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.2.2 North America: Hydraulic Marine Crane Market, by Design

10.2.3 North America: Hydraulic Marine Crane Market, by Capacity

10.2.4 North America: Hydraulic Marine Crane Market, by Boom Length

10.2.5 North America: Hydraulic Marine Crane Market, by Key Country

10.2.5.1 US: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.1.1 US: Hydraulic Marine Crane Market, by Design

10.2.5.1.2 US: Hydraulic Marine Crane Market, by Capacity

10.2.5.1.3 US: Hydraulic Marine Crane Market, by Boom Length

10.2.5.2 Canada: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.2.1 Canada: Hydraulic Marine Crane Market, by Design

10.2.5.2.2 Canada: Hydraulic Marine Crane Market, by Capacity

10.2.5.2.3 Canada: Hydraulic Marine Crane Market, by Boom Length

10.2.5.3 Mexico: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.3.1 Mexico: Hydraulic Marine Crane Market, by Design

10.2.5.3.2 Mexico: Hydraulic Marine Crane Market, by Capacity

10.2.5.3.3 Mexico: Hydraulic Marine Crane Market, by Boom Length

10.3 Europe: Hydraulic Marine Crane Market

10.3.1 Europe: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.2 Europe: Hydraulic Marine Crane Market, by Design

10.3.3 Europe: Hydraulic Marine Crane Market, by Capacity

10.3.4 Europe: Hydraulic Marine Crane Market, by Boom Length

10.3.5 Europe: Hydraulic Marine Crane Market, by Key Country

10.3.5.1 France: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.1.1 France: Hydraulic Marine Crane Market, by Design

10.3.5.1.2 France: Hydraulic Marine Crane Market, by Capacity

10.3.5.1.3 France: Hydraulic Marine Crane Market, by Boom Length

10.3.5.2 Germany: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.2.1 Germany: Hydraulic Marine Crane Market, by Design

10.3.5.2.2 Germany: Hydraulic Marine Crane Market, by Capacity

10.3.5.2.3 Germany: Hydraulic Marine Crane Market, by Boom Length

10.3.5.3 Italy: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.3.1 Italy: Hydraulic Marine Crane Market, by Design

10.3.5.3.2 Italy: Hydraulic Marine Crane Market, by Capacity

10.3.5.3.3 Italy: Hydraulic Marine Crane Market, by Boom Length

10.3.5.4 UK: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.4.1 UK: Hydraulic Marine Crane Market, by Design

10.3.5.4.2 UK: Hydraulic Marine Crane Market, by Capacity

10.3.5.4.3 UK: Hydraulic Marine Crane Market, by Boom Length

10.3.5.5 Russia: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.5.1 Russia: Hydraulic Marine Crane Market, by Design

10.3.5.5.2 Russia: Hydraulic Marine Crane Market, by Capacity

10.3.5.5.3 Russia: Hydraulic Marine Crane Market, by Boom Length

10.3.5.6 Rest of Europe: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.6.1 Rest of Europe: Hydraulic Marine Crane Market, by Design

10.3.5.6.2 Rest of Europe: Hydraulic Marine Crane Market, by Capacity

10.3.5.6.3 Rest of Europe: Hydraulic Marine Crane Market, by Boom Length

10.4 APAC: Hydraulic Marine Crane Market

10.4.1 APAC: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.2 APAC: Hydraulic Marine Crane Market, by Design

10.4.3 APAC: Hydraulic Marine Crane Market, by Capacity

10.4.4 APAC: Hydraulic Marine Crane Market, by Boom Length

10.4.5 APAC: Hydraulic Marine Crane Market, by Key Country

10.4.5.1 Australia: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.1.1 Australia: Hydraulic Marine Crane Market, by Design

10.4.5.1.2 Australia: Hydraulic Marine Crane Market, by Capacity

10.4.5.1.3 Australia: Hydraulic Marine Crane Market, by Boom Length

10.4.5.2 China: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.2.1 China: Hydraulic Marine Crane Market, by Design

10.4.5.2.2 China: Hydraulic Marine Crane Market, by Capacity

10.4.5.2.3 China: Hydraulic Marine Crane Market, by Boom Length

10.4.5.3 India: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.3.1 India: Hydraulic Marine Crane Market, by Design

10.4.5.3.2 India: Hydraulic Marine Crane Market, by Capacity

10.4.5.3.3 India: Hydraulic Marine Crane Market, by Boom Length

10.4.5.4 Japan: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.4.1 Japan: Hydraulic Marine Crane Market, by Design

10.4.5.4.2 Japan: Hydraulic Marine Crane Market, by Capacity

10.4.5.4.3 Japan: Hydraulic Marine Crane Market, by Boom Length

10.4.5.5 South Korea: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.5.1 South Korea: Hydraulic Marine Crane Market, by Design

10.4.5.5.2 South Korea: Hydraulic Marine Crane Market, by Capacity

10.4.5.5.3 South Korea: Hydraulic Marine Crane Market, by Boom Length

10.4.5.6 Rest of APAC: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.6.1 Rest of APAC: Hydraulic Marine Crane Market, by Design

10.4.5.6.2 Rest of APAC: Hydraulic Marine Crane Market, by Capacity

10.4.5.6.3 Rest of APAC: Hydraulic Marine Crane Market, by Boom Length

10.5 MEA: Hydraulic Marine Crane Market

10.5.1 MEA: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.5.2 MEA: Hydraulic Marine Crane Market, by Design

10.5.3 MEA: Hydraulic Marine Crane Market, by Capacity

10.5.4 MEA: Hydraulic Marine Crane Market, by Boom Length

10.5.5 MEA: Hydraulic Marine Crane Market, by Key Country

10.5.5.1 Saudi Arabia: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.1.1 Saudi Arabia: Hydraulic Marine Crane Market, by Design

10.5.5.1.2 Saudi Arabia: Hydraulic Marine Crane Market, by Capacity

10.5.5.1.3 Saudi Arabia: Hydraulic Marine Crane Market, by Boom Length

10.5.5.2 UAE: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.2.1 UAE: Hydraulic Marine Crane Market, by Design

10.5.5.2.2 UAE: Hydraulic Marine Crane Market, by Capacity

10.5.5.2.3 UAE: Hydraulic Marine Crane Market, by Boom Length

10.5.5.3 South Africa: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.3.1 South Africa: Hydraulic Marine Crane Market, by Design

10.5.5.3.2 South Africa: Hydraulic Marine Crane Market, by Capacity

10.5.5.3.3 South Africa: Hydraulic Marine Crane Market, by Boom Length

10.5.5.4 Rest of MEA: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.4.1 Rest of MEA: Hydraulic Marine Crane Market, by Design

10.5.5.4.2 Rest of MEA: Hydraulic Marine Crane Market, by Capacity

10.5.5.4.3 Rest of MEA: Hydraulic Marine Crane Market, by Boom Length

10.6 SAM: Hydraulic Marine Crane Market

10.6.1 SAM: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.6.2 SAM: Hydraulic Marine Crane Market, by Design

10.6.3 SAM: Hydraulic Marine Crane Market, by Capacity

10.6.4 SAM: Hydraulic Marine Crane Market, by Boom Length

10.6.5 SAM: Hydraulic Marine Crane Market, by Key Country

10.6.5.1 Brazil: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.1.1 Brazil: Hydraulic Marine Crane Market, by Design

10.6.5.1.2 Brazil: Hydraulic Marine Crane Market, by Capacity

10.6.5.1.3 Brazil: Hydraulic Marine Crane Market, by Boom Length

10.6.5.2 Argentina: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.2.1 Argentina: Hydraulic Marine Crane Market, by Design

10.6.5.2.2 Argentina: Hydraulic Marine Crane Market, by Capacity

10.6.5.2.3 Argentina: Hydraulic Marine Crane Market, by Boom Length

10.6.5.3 Rest of SAM: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.3.1 Rest of SAM: Hydraulic Marine Crane Market, by Design

10.6.5.3.2 Rest of SAM: Hydraulic Marine Crane Market, by Capacity

10.6.5.3.3 Rest of SAM: Hydraulic Marine Crane Market, by Boom Length

11. Hydraulic Marine Crane Market - COVID-19 Impact Analysis

11.1 Overview

11.1.1 North America: Impact Assessment of COVID-19 Pandemic

11.1.2 Europe: Impact Assessment of COVID-19 Pandemic

11.1.3 APAC: Impact Assessment of COVID-19 Pandemic

11.1.4 MEA: Impact Assessment of COVID-19 Pandemic

11.1.5 SAM: Impact Assessment of COVID-19 Pandemic

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 DMW Marine Group, LLC

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 Fassi Gru 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 Fred Wahl Marine Construction, Inc.

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 HEILA Cranes S.p.a.

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 HIAB

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 HS.MARINE S.r.l.

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 INDUSTRIAS GUERRA, SA

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 Kenz Figee

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

13.10 Puma Cranes

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

13.11 HYVA

13.11.1 Key Facts

13.11.2 Business Description

13.11.3 Products and Services

13.11.4 Financial Overview

13.11.5 SWOT Analysis

13.11.6 Key Developments

13.12 TMS

13.12.1 Key Facts

13.12.2 Business Description

13.12.3 Products and Services

13.12.4 Financial Overview

13.12.5 SWOT Analysis

13.12.6 Key Developments

13.13 MELCAL S.p.A.

13.13.1 Key Facts

13.13.2 Business Description

13.13.3 Products and Services

13.13.4 Financial Overview

13.13.5 SWOT Analysis

13.13.6 Key Developments

13.14 Palfinger AG

13.14.1 Key Facts

13.14.2 Business Description

13.14.3 Products and Services

13.14.4 Financial Overview

13.14.5 SWOT Analysis

13.14.6 Key Developments

13.15 MKG Maschinen & Kranvertrieb GmbH

13.15.1 Key Facts

13.15.2 Business Description

13.15.3 Products and Services

13.15.4 Financial Overview

13.15.5 SWOT Analysis

13.15.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index


LIST OF TABLES

Table 1. Global Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Hydraulic Marine Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 16. Europe: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 17. Europe: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 18. Europe: Hydraulic Marine Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 19. France: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 20. France: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 21. France: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 22. Germany: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 23. Germany: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 24. Germany: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 26. Italy: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 27. Italy: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 28. UK: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 29. UK: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 30. UK: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 31. Russia: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 32. Russia: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 33. Russia: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 34. Rest of Europe: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 35. Rest of Europe: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of Europe: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 37. APAC: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 38. APAC: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 39. APAC: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 40. APAC: Hydraulic Marine Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 41. Australia: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 42. Australia: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 43. Australia: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 44. China: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 45. China: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 46. China: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 47. India: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 48. India: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 49. India: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 50. Japan: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 51. Japan: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 52. Japan: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 53. South Korea: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 54. South Korea: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 55. South Korea: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 56. Rest of APAC: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 57. Rest of APAC: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 58. Rest of APAC: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 59. MEA: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 60. MEA: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 61. MEA: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 62. MEA: Hydraulic Marine Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 63. Saudi Arabia: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 64. Saudi Arabia: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 65. Saudi Arabia: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 66. UAE: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 67. UAE: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 68. UAE: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 69. South Africa: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 70. South Africa: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 71. South Africa: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 72. Rest of MEA: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 73. Rest of MEA: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 74. Rest of MEA: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 75. SAM: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 76. SAM: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 77. SAM: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 78. SAM: Hydraulic Marine Crane Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 79. Brazil: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 80. Brazil: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 81. Brazil: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 82. Argentina: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 83. Argentina: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 84. Argentina: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 85. Rest of SAM: Hydraulic Marine Crane Market, by Design – Revenue and Forecast to 2028 (US$ Million)

Table 86. Rest of SAM: Hydraulic Marine Crane Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 87. Rest of SAM: Hydraulic Marine Crane Market, by Boom Length – Revenue and Forecast to 2028 (US$ Million)

Table 88. List of Abbreviation

LIST OF FIGURES

Figure 1. Hydraulic Marine Crane Market Segmentation

Figure 2. Hydraulic Marine Crane Market Segmentation – By Geography

Figure 3. Global Hydraulic Marine Crane Market Overview

Figure 4. Hydraulic Marine Crane Market, by Design

Figure 5. Hydraulic Marine Crane Market, by Capacity

Figure 6. Hydraulic Marine Crane Market, By Geography

Figure 7. North America – PEST Analysis

Figure 8. Europe – PEST Analysis

Figure 9. Asia-Pacific – PEST Analysis

Figure 10. Middle East and Africa – PEST Analysis

Figure 11. South America – PEST Analysis

Figure 12. Hydraulic Marine Crane Market: Ecosystem Analysis

Figure 13. Hydraulic Marine Crane Market: Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Hydraulic Marine Crane Market

Figure 15. Global Hydraulic Marine Crane Market Revenue Forecast and Analysis (US$ Million)

Figure 16. Hydraulic Marine Crane Market, by Design (2020 & 2028)

Figure 17. Knuckle Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. Telescopic Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. Stiff Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Foldable Boom: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Hydraulic Marine Crane Market, by Capacity (2020 & 2028)

Figure 22. Below 50 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. – 150 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. Above 150 Tm: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. Hydraulic Marine Crane Market, by Boom Length (2020 & 2028)

Figure 26. Below 10 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. – 20 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 28. Above 20 Meters: Hydraulic Marine Crane Market Revenue and Forecast to 2028 (US$ Million)

Figure 29. Global Hydraulic Marine Crane Market Revenue Share, By Region (2020 & 2028)

Figure 30. North America: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. North America: Hydraulic Marine Crane Market Revenue Share, by Design (2020 & 2028)

Figure 32. North America: Hydraulic Marine Crane Market Revenue Share, by Capacity (2020 & 2028)

Figure 33. North America: Hydraulic Marine Crane Market Revenue Share, by Boom Length (2020 & 2028)

Figure 34. North America: Hydraulic Marine Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 35. US: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Europe: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Europe: Hydraulic Marine Crane Market Revenue Share, by Design (2020 & 2028)

Figure 40. Europe: Hydraulic Marine Crane Market Revenue Share, by Capacity (2020 & 2028)

Figure 41. Europe: Hydraulic Marine Crane Market Revenue Share, by Boom Length (2020 & 2028)

Figure 42. Europe: Hydraulic Marine Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 43. France: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Germany: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. Italy: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. UK: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. Russia: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. Rest of Europe: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. APAC: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. APAC: Hydraulic Marine Crane Market Revenue Share, by Design (2020 & 2028)

Figure 51. APAC: Hydraulic Marine Crane Market Revenue Share, by Capacity (2020 & 2028)

Figure 52. APAC: Hydraulic Marine Crane Market Revenue Share, by Boom Length (2020 & 2028)

Figure 53. APAC: Hydraulic Marine Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 54. Australia: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. China: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. India: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. Japan: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. South Korea: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. Rest of APAC: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. MEA: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. MEA: Hydraulic Marine Crane Market Revenue Share, by Design (2020 & 2028)

Figure 62. MEA: Hydraulic Marine Crane Market Revenue Share, by Capacity (2020 & 2028)

Figure 63. MEA: Hydraulic Marine Crane Market Revenue Share, by Boom Length (2020 & 2028)

Figure 64. MEA: Hydraulic Marine Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 65. Saudi Arabia: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. UAE: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. South Africa: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. Rest of MEA: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. SAM: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 70. SAM: Hydraulic Marine Crane Market Revenue Share, by Design (2020 & 2028)

Figure 71. SAM: Hydraulic Marine Crane Market Revenue Share, by Capacity (2020 & 2028)

Figure 72. SAM: Hydraulic Marine Crane Market Revenue Share, by Boom Length (2020 & 2028)

Figure 73. SAM: Hydraulic Marine Crane Market Revenue Share, by Key Country (2020 & 2028)

Figure 74. Brazil: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 75. Argentina: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 76. Rest of SAM: Hydraulic Marine Crane Market – Revenue and Forecast to 2028 (US$ Million)

Figure 77. Impact of COVID-19 Pandemic in North American Country Markets

Figure 78. Impact of COVID-19 Pandemic in European Country Markets

Figure 79. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 80. Impact of COVID-19 Pandemic in MEA Country Markets

Figure 81. Impact of COVID-19 Pandemic in SAM Country Markets

The List of Companies - Hydraulic Marine Cranes Market

  1. Amco Veba Marine
  2. DMW Marine Group
  3. Fassi Gru SPA
  4. Fred Wahl Marine Construction, Inc.
  5. Heila Cranes SPA
  6. HIAB
  7. HS Marine SRL
  8. HYVA
  9. Industrias Guerra SA
  10. Kenz Figee
  11. Melcal
  12. Puma Crane
  13. MKG Maschinen & Kranvertrieb GmbH
  14. Palfinger AB
  15. TMS

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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