Pune, Oct. 12, 2020 (GLOBE NEWSWIRE) — The global cranes market size is expected to reach USD 45.80 billion by 2027, exhibiting a CAGR of 4.1% between 2020 and 2027. The escalating construction industry and technological advancements will contribute positively to the growth of the market, states Fortune Business Insights in a report, titled “Cranes Market Size, Share & COVID-19 Impact Analysis, By Product Type (Mobile, Fixed, Marine), By End-User Industry (Construction, Mining, Industrial, Oil & Gas, Others) and Regional Forecast, 2020-2027.” The market size stood at USD 33.84 billion in 2019.
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