According to a recent survey published by FMI, the global Crane Motors market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Crane Motors over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Crane Motors Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
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With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to provide up attractive potential for growth in the Crane Motors industry.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the approaching years.
Key Crane Motors Market Takeaways and Projections
- The U.S. is estimated dominate the Crane Motors market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Crane Motors Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Crane Motors Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Crane Motors market. As per the survey, Crane Motors sales will project steady growth over the forecast period.
- Crane Motors Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Crane Motors.
- Crane Motors Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
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Who are the Key Manufacturers and Suppliers of Crane Motors
Some of the leading manufacturers and suppliers of crane motors include
- Toshiba Corporation
- ABB Ltd
- Siemens AG
- WEG SA
- Regal Beloit
- Hyosung Ltd
- Nidec Corporation
- TECO- Westinghouse
- Kollmorgen Inc
- Lafert Group
- Brook Crompton
- Wolong Inc
- Jiamusi Electric Machine among others.
Key Segments
By Motor Type:
- DC Motors
- AC motors
By Safety Type:
- EXd Type
- Increased-Safety Type
- Others
By Crane Type:
- Single Girder Overhead
- Double Girder Overhead
- Workstation
- Others
By End Use Industry:
- Construction
- Oil & Gas
- Mining
- Chemicals & Petrochemicals
- Industrial Processes
- Others
By Region:
- North America
- USA & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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