Pick and Carry (PNC) Crane Market: Introduction
- A pick and carry (PNC) crane is used for handling material and is meant to shift, lift, and place the load from one point to another. Pick and carry cranes are selected based on their load capacity which generally determines their efficiency. These cranes find extensive application in numerous industries for handling materials. The pick and carry crane market is expected to witness huge surge in growth during the forecast period.
Key Drivers and Opportunities of the Global Pick and Carry (PNC) Crane Market
- The pick and carry crane market is expected to grow at a satisfactory rate in the coming years. Increasing demand for molded or readymade building construction is driving the growth of newer advancements of pick and carry cranes and also launch of advanced telescopic loaders. Earlier, pick and carry cranes and loaders were used mainly for moving and lifting lighter loads, constituting construction materials and utilities within construction site limits and at project sites. Pick and carry cranes and loaders are designed and manufactured in such a way that they match newer application requests, such as pre-engineered buildings and modular construction. This is expected to drive the market for pick and carry cranes during the forecast period.
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- The pick and carry cranes market is passing through an interesting and revolutionary phase. Manufacturers are aggressively looking to add innovative elements to their product category, by carrying out manufacturing advancements in technology along with introduction of latest product lines. These advancements are mainly for precast engineering construction both in residential and commercial sites, and for general infrastructure applications. The new generation cranes are designed to cater to the practical working surroundings and needs of construction sites. The new cranes are equipped with improved visibility due to their large cabin and operator comfort. Safety is the most important factor which is considered while manufacturing new generation pick and carry cranes, and also to prevent the cranes from collapsing while working on uneven work sites.
- However, high initial capital investment, use of high-class and costly material in the manufacturing of cranes, and stringent regulatory regulations might act as restraints to the growth of the pick and carry crane market.
Asia Pacific to Hold Major Share of the Global Pick and Carry (PNC) Crane Market
- In terms of region, the pick and carry (PNC) crane market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to hold major share of the pick and carry crane market. Various factors such as growth in construction and infrastructure projects, increasing number of projects which involve pick and carry cranes such as oil & gas, and repowering of old projects are likely to provide good growth opportunities to the pick and carry crane market in the Asia Pacific region during the forecast period.
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Key Players Operating in the Global Pick and Carry (PNC) Crane Market
- Action Construction Equipment Ltd.
- Escorts Limited
- Favelle Favco Berhad
- Hercules Cranes Pvt. Ltd.
- Indo Farm Equipment Limited
- JCB Co., Ltd.
- Omega Construction Equipment Pvt. Ltd.
- SRB Group
- Terex Corporation
- TIL Limited
Global Pick and Carry (PNC) Crane Market: Research Scope
Global Pick and Carry (PNC) Crane Market, by Capacity
- Below 50 Tons
- 50 Tons to 150 Tons
- 150 Tons to 250 Tons
- 250 Tons to 350 Tons
- More than 350 Tons
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Global Pick and Carry (PNC) Crane Market, by End-use Industry
- Oil & Gas
- Shipping & Port
- Others (Power Plants, etc.)
Global Pick and Carry (PNC) Crane Market, by Price
Global Pick and Carry (PNC) Crane Market, by Distribution Channel
Global Pick and Carry (PNC) Crane Market, by Region
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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