Market Research Blog

The worldwide open API market is projected to gather an income of around US$ 14,718.6 million by 2032, up from US$ 2,229.4 million of every 2022 pushing ahead with a CAGR of 20.8% during the estimate time frame (2022-2032).

An open API is a freely accessible connection point which is created to be effectively available by the more extensive populace of Web and versatile engineers. An open API can be utilized both by engineers inside the association that distributed the API as well as by designers outside the association who wish to enlist for admittance to the point of interaction.

Three primary qualities of open APIs are – unreservedly accessible to use by all engineers, they are upheld by open information and depend on an open norm.

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Advanced market players use API innovations to meet their individual business targets and along these lines making client esteem. It has been seen that involving APIs in opening up frameworks, to the rest of the world, works with directing people to one’s resources, makes end client esteem in the environment and divides the heap and advantages between the gatherings included while opening new markets.

Open API Market: Market Overview

Generally, open APIs are made available on the Internet and are shared freely. A software development company might publish a series of APIs to encourage third-party developers in different vertical industries to be innovative and figure out new ways to use the company’s software product.

Open APIs are used by enterprises to leverage the ever-evolving community of freelancing developers, capable of creating innovative applications that can add value to their core businesses. Open APIs are preferred in the business sphere due to their capability to increase the production of new ideas without the direct investments into the development efforts.

Often, the enterprises tailor their APIs targeting specific developer audiences that they consider to be the most effective in creating valuable new applications. However, an API can significantly degrade functionality of an application if it is overloaded with features.

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Open API Market: Market Dynamics

Major factors which are playing key role in the increasing popularity of open APIs are – their features enabling third parties to build applications ‘on top’ of the platform, reduction in costs & speeding up time-to-market, adoption of social sharing practices for marketing purposes and syndicate products and services across different platforms

Additionally, today APIs are becoming increasingly important as they determine how developers can create new apps that tap into big Web services – social networks such as Facebook or Pinterest, or utilities such as Google Maps or Dropbox. These APIs provide advantages of time saving and offering user convenience in many cases.

However, the global market for open API faces challenges such as management and security issues associated with publishing APIs and publishing open APIs makes it difficult for organizations to control the experience end users have with their information assets.

Open API Market: Overview Standardization Initiatives

In recent years the market has witnessed a number of industry initiative with an aim to create standards for APIs growth. There is some evidence that APIs are likely to become a permanent fixture across several industry verticals. Some of the key API standardization initiatives are – Open Banking Working Group (OBWG) UK, CAPS, Open Bank Project, Open API initiative, IXARIS Open Payment Ecosystem, Open Financial Exchange (OFX), Financial Transaction Services (FinTS), Banking Industry Architecture Network (BIAN) and W3C Web Payments Interest Group.

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Open API Market: Segmentation

Global Open API market can be segmented on the basis application and regions.

On the basis of application, the market can be classified as

• cloud computing (IaaS, PaaS, SaaS)
• transportation
• financial services
• e-Commerce
• social networking
• media & entertainment
• advertising
• government

On the basis of regions, the market is classified as:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific (Excluding Japan)
• Japan
• Middle East & Africa

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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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The headless CMS software market was esteemed at US$ 605 Million of every 2022 and is assessed to increment at a CAGR of 20.1% from 2022 to 2032, arriving at US$ 3.8 Billion by 2032.

Headless CMS stages are rapidly becoming strategic applications for some organizations. Moreover, firms putting resources into headless CMS software are rethinking their foundation needs and guaranteeing that headless CMS software can deal with delayed telecommute (WFH) times, developing marketing strategies, and expanded web traffic.

Organizations are speeding up computerized change plans pointed toward drawing in clients and leading headless CMS software market on the web, which heightens headless CMS software market potential open doors.

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As of now, the market for headless CMS software is extending. A few organizations seek after headless CMS software just for specialized reasons, passing up the business potential to future-evidence their substance and give a steady encounter across channels.

Technical professionals who wish to employ new front-end frameworks and microservices architecture while avoiding the constraints of traditional CMSs are driving the demand for headless CMS software and boosting headless CMS software market share.

Geographically, Asia Pacific is expected to develop at the fastest CAGR during the forecast period, owing to the region’s rising demand for headless CMS software solutions. CMS solutions enable a firm to offer customised content globally in order to boost total revenue for headless CMS software and surge headless CMS software market future trends.

China has emerged as the uncontested global leader in headless CMS software. Meanwhile, the North American headless CMS software market is expected to be the largest.

KEY TAKEAWAYS:

• The headless CMS software market in the United States is expected to reach US$ 1.3 billion by 2032, growing at a CAGR of 19.8% through 2032.
• The UK headless CMS software market is predicted to be valued US$ 158.8 million by 2032, with a CAGR of 18.9% through 2032.
• The Chinese headless CMS software market is anticipated to reach US$ 271.5 million by 2032, growing at a 19.3% CAGR through 2032.
• The Japanese market for headless CMS software is estimated to be worth US$ 230.3 million by 2032, growing at an 18.8% yearly pace until then.
• South Korea is anticipated to reach a headless CMS software market size of US$ 144.5 million by 2032, with a CAGR of 18.1% through 2032.
• The cloud-based section of the deployment type category of the headless CMS software market is expected to grow at a CAGR of 18.5% through 2032.
• North America will develop at a CAGR of 17.8% in the headless CMS software market geographical sector through 2032.

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COMPETITIVE LANDSCAPE:

New market research report on headless CMS software shows that the legacy players in the headless CMS software market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the headless CMS software market key trends & opportunities.

The headless CMS software market is dominated by Agility Inc., Contentful, ButterCMS, Contentstack LLC, DOTCMS INC., GraphCMS GmbH, Kentico Software s.r.o., Mura Software, Quintype Technologies Pvt Ltd, and Zesty.io Platform, Inc.

RECENT DEVELOPMENT:

• Agility Inc. presented new price plans for their product in 2020. The firm established regular, pro, and enterprise plans for US$ 47 per month, US$ 579 per month, and US$ 2,500 per month, respectively, under the new price options.
• ButterCMS will release a new upgrade for its headless CMS in 2020. The content modelling feature has been improved in this release to improve user experience.
• Norsk Telegrambyr, a Norwegian news agency, put Superdesk Planning Component into production in July 2018. (NTB). The component is a new module for our open-source headless CMS Superdesk that will enable users to integrate editorial planning into their workflows and boost operational efficiency.

Key Players

• Agility Inc.
• Contentful
• ButterCMS
• Contentstack LLC
• DOTCMS INC.
• GraphCMS GmbH
• Kentico Software s.r.o.
• Mura Software
• Quintype Technologies Pvt Ltd
• Zesty.io Platform, Inc.

What Is The COVID-19 Impact On The Headless CMS Software Market?

Firms investing in headless CMS software market are reevaluating their platform needs and ensuring that CMS can handle prolonged work-from-home (WFH) times, evolving headless CMS software marketing tactics, and increased web traffic.

Companies are accelerating digital transformation plans aimed at engaging customers and conducting business online. To suit the fast changing business environment, they are also adjusting their demand for headless CMS software to allow self-service for customers, workers, and partners.

Furthermore, companies are focused on client involvement in a cost-effective and personalized manner through the channel of their choice, as well as automating and simplifying operations to save costs and satisfy the ever expanding consumer needs instantaneously. As a result of the epidemic, the headless CMS software market growth is expanding.

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Key Segments

By Deployment Type:

• Cloud
• On-premise

By Enterprise Size:

• SMEs
• Large Enterprises

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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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.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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By 2032, the global dredging market is expected to grow at a CAGR of 3.7% and be worth more than $22.3 billion. The demand for gulf coast restoration projects is expected to increase, which will be advantageous for the dredging market. To boost productivity and efficiency, dredging service providers are upgrading their equipment and implementing dredger monitoring systems.

In the upcoming years, increased government spending on dredging operations in emerging economies will open up new opportunities for market expansion. To achieve environmental protection, restoration, and enhancement objectives, numerous governments in developing and developed nations make timely and cost-effective investments in dredged harbours, channels, and waterways.

Furthermore, increased trade activity, urban development projects, and coastal protection activities are driving global demand for dredging services. Manufacturers are introducing new and innovative service methods while adhering to emission control regulations.

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Due to upgradation of equipment, dredging activities are now being used for accessing high-quality mineral reserves that are economically inaccessible through conventional mining.

Companies providing dredging services for the development of ports and dockyards are extending their portfolio by including suction dredging for rivers and smaller waterways. Such developments are anticipated to bode well for the growth in the market over the forecast period.

“Technology upgradation in dredging service driven by the adoption of dredger monitoring systems and upgradation of equipment to increase efficiency and productivity will continue driving sales in the market growth over the forecast period,” says an FMI analyst. 

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Key Takeaways:

• By customer type, the government segment is projected to hold 43.6% of the total market share in 2022.

• Based on application, the energy Infrastructure segment is expected to grow Y-o-Y by 4.6% in 2022.
• Demand in the U.S. dredging market is forecast to increase at a 2.1% CAGR, reaching a valuation of US$ 1.5 Bn by 2032.
• India will emerge as a lucrative pocket, with sales growing at a 3.4% CAGR through 2032.
• Total sales in the China market will hold 25% of the East Asia dredging market share in 2022.
• By 2032, East Asia is expected to account for a dominant share of 32.9% of the global dredging market.

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Competitive Landscape 

The global dredging market is significantly consolidated among Tier I, Tier II, and Tier III players. The leading players in the market account for 50 to 55% share in the market on a value basis.

Some of the key players in this industry include China Communications Construction Company Limited, Royal Boskalis Westminster N.V, Dredging, Environmental and Marine Engineering NV (DEME), Van Oord, Great Lakes Dredge & Dock Corporation, Royal IHC, National Marine Dredging Company and others.

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Demand for industrial furnaces is expected to reach US$ 11,230 million in 2022, rising at a CAGR of 4.3% to US$ 17,112 million from 2022 to 2032. Rapid adoption of process automation technologies and electric industrial machinery is credited with driving growth. A CAGR of 3.5% was recorded for the market for enterprise key management from 2016 to 2021.

However, by addressing energy losses and boosting efficiencies through some research and development in the field of thermodynamics, the processing of materials can be improved. Industrial furnaces that are more efficient are in high demand.

Industrial furnaces are thermal enclosures used to process raw materials at high temperatures in both the solid and liquid states. They reach processing temperatures that are higher than open-air systems. Industrial furnaces can be created in accordance with their intended uses, temperature ranges, fuel types, and combustion techniques.

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Market Dynamics

Usage of industrial furnaces is mandate in major industrial sectors for processing various materials, oils, gases and food products. Although there are different versions of them but there is no alternative presented in the market to replace industrial furnaces. Although the life of an industrial furnace is long, there are newer industries being set up every year all over the world. Some are the new entrants while most of the industries being set up are by the old player with an idea to expand their market presence. This sense of competition has brought in better scopes for the industrial furnace industry and can be considered as a new trend in the market. The key driver for this market is the perennial demand for steel and Iron along with other important metals and materials.

With the growing demand for metals across several industries including but not limiting to automobiles, rail roads and metallurgy, more vehicles, ornaments, bridges, buildings and various other things are being manufactured and constructed. This calls for more and more industries to be set up to quench the rising demand which further ensures that there’s a lot of demand for industrial furnaces from businesses all over the world. With the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the concept of industrial furnace has changed the whole scenario by opting for better efficiencies and automation.

This boom can be an opportunity for those manufactures who would be the early adopters of this technology. In the hindsight, the restraint for the market lies in the fact that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a low product replacement rate. Secondly, most of the countries in the world are well equipped with sufficient industries and fewer no. of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market.

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Regional Outlook

As per the current market scenario, the industrial furnaces market is prominent in APAC region where the world’s largest steel and automobile producers are ruling the world. The most intense market for industrial furnaces is the emerging economies where more number of steel plants are being invested on. Regions in Western Europe, NA, Russia and MEA are hot spots for this very market. Brazil and Ukraine also show significant scope for the market of Industrial furnaces.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Competition

Some of the key participants present in the global industrial furnaces market include Epcon Industrial Systems, LP, International Thermal Systems, Industrial Furnace Company, Nutec Bickley, L&L Special Furnace Co., Inc., Thermcraft, Inc., SCHMIDT + CLEMENS GMBH + CO. KG, ANDRITZ, LÖCHER Industrieofen among others.

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The global vapour recovery units market was valued at US$ 805.1 Mn in 2013 and is projected to reach US$ 1,202.0 Mn in 2022. The vapour recovery units market is predicted to grow at a 5.6% CAGR during the forecast period (2022-2028). Demand for vapour recovery units is increasing in the oil and gas industry as they are used to restrict loss of crude oil from storage tanks through restriction of vapour.

With over 61.5% of the market share in 2022, North America is anticipated to be the most lucrative regional market for vapour recovery units globally. By the end of 2022, sales of vapour recovery units will have surpassed US$ 1,662.2 Mn due to the aforementioned factors.

Vapour recovery units stop vapour from storage tanks from escaping and contribute to a nearly 90% reduction in VOC emissions. Vapour recovery unit sales are expected to increase globally due to rising government restrictions and new regulations on VOC emission levels.

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These units also play a major role in reducing loss of crude oil through storage tanks in upstream and downstream operations. As a result, notable growth in crude oil storage tanks across the globe is projected to fuel the sales of vapour recovery units over the coming years.

In a quest for net-zero future, governments across the globe are imposing stringent regulations in order to reduce the emission of volatile organic compounds (VOC) from storage tanks. Besides this, development of upstream and downstream projects in Asia Pacific and North America is also aiding the growth in the market.

“North America and Europe are anticipated to retain their prominent shares in the market throughout the forecast years, due to their established markets for upstream and downstream applications. However, APEJ and MEA are anticipated to provide lucrative growth opportunities on the back of development of the oil & gas sector in these regions.”

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Key Takeaways of Vapour Recovery Unit Market Study

• Growing production and consumption of oil has resulted in a rise in the number of oil exploration units and refineries across the globe. Increment in storage batteries and tanks, in turn, is anticipated to propel the demand for vapour recovery units during the foreseen period.
• Price volatility of crude oil and increasing loss of oil due to vapour escape from storage vents will to fuel the requirement for vapour recovery units. These units restrict crude oil wastage due to vapour loss; hence, their utilization is anticipated to increase in upstream as well as downstream applications in the coming years.
• Environmental regulations regarding VOC emissions have become stricter across the European Union and North America. Increasing greenhouse emissions and commitment of various organizations towards sustainable development are anticipated to further motivate end users to ensure strict adherence to guidelines and regulations. The use of vapour recovery units helps these manufacturers meet these standards of emissions.
• North America and Western Europe are anticipated to hold substantial share in the market. The prominence of potential VRU manufacturers in these regions will spur market growth.

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Vapour Recovery Unit Market: Competitive Landscape

The vapour recovery unit market is highly fragmented, with the presence of numerous players across the globe. Different players in the market have substantial sales footprint in specific regions.

These players include John Zink Company LLC, Zeeco Inc., and Gardner Denver Holdings Inc. Key players are adopting market strategies such as sales channel development, business partnerships with prominent players, as well as development of more advanced and efficient products that can meet emission standards.

Know More About Vapour Recovery Unit Market Report

The research report provides analysis of sales by total volume (Units) and value (US$ Mn), with the market being bifurcated according to technology, application, process, and end use, across four regions.

The report also includes global competition analysis with the sales footprints of key players, regional competition landscape, and competition dashboard, and provides a competition analysis section that includes market footprint analysis, structure analysis, competition development, competition dashboard, and other crucial information about global and regional players in the vapour recovery unit market.

Future Market Insights also includes forecast factors such as GDP forecast, oil and gas industry upstream production, downstream production, as well as developments and technology advancements by market participants.

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The automotive in-wheel motors market is expected to grow 38.0% year on year in 2022, reaching a value of around US$ 2,127.5 million by the end of 2022. Sales of automotive in-wheel motors were estimated to be worth approximately US$ 1,541.4 million at the end of 2021. By 2032, the automotive in-wheel motors market is anticipated to expand at a 38.0% CAGR, reaching a worth of US$ 53291.81 Million.

Significant Considerations

Higher efficiency, driving range, stability, and assistance for enhanced electric vehicle performance comparable to Internal Combustion Engine (ICE) vehicles are driving the automotive in-wheel motors market. By incorporating power electronic devices into the system, it helps to reduce the number of vehicle parts, complexity, and cost. The system can also be consolidated with regenerative braking to enhance efficiency and boost the distance covered per charge.

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Element of Limitation

The use of in-wheel motor technology in a vehicle raises unsprung weight, which can reduce ride comfort. If the vehicle’s brakes are mounted on the wheel, which is directly subjected to unsprung weight, the wheel’s stress will increase. The increase in unsprung weight may limit the use of in-wheel motor technology in vehicles, thereby restraining the automotive in-wheel motors market.

APAC Automotive In-wheel Motors Market

The APAC automotive in-wheel motors market is expected to dominate the global market in terms of value, and it is expected to grow during the forecast period. The radial flux automotive in-wheel motors category is expected to see significant usage in high-performance automobiles due to their ease of manufacture.

Key Takeaways:

• The APAC automotive in-wheel motors market is expected to grow at a CAGR of 41.6% by value.
• Germany is expected to grow at a CAGR of 42.9% in the global automotive in-wheel motors market due to an increase in the number of vehicles in the country during the forecast period.
• The United States is expected to account for more than 88% of the North American automotive in-wheel motors market in 2022.
• China is expected to control nearly 93% of the APAC in-wheel motor market by 2022.
• The liquid cooled segment of the market for automotive in-wheel motors is predicted to grow at a CAGR of 41.2%.
• Among technology segments, the BEV (battery electric vehicle) category is projected to expand at a 39.5% CAGR.
• The passenger car segment is estimated to hold for 88% of the value share in the automotive in-wheel motors market.

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Start-up Ecosystem:

• NTN, a Japanese bearing manufacturer, is set to supply in-wheel motor technology to Chinese electric vehicle startup Changchun Fawsn Auto Tech, or FSAT, introducing the new drive system to the world’s largest electric market.
• REE, a Tel Aviv-based Israeli startup that uses in-wheel motors, has a $580 million valuation. Meitav Dash, an Israeli investment firm, put in 70 million shekels. The company has collaborations with Mitsubishi of Japan, Honda’s Musashi Seimitsu, American Axle & Manufacturing, and Linamar, Canada’s second-largest auto parts manufacturer.

Competitive Landscape:

Protean Electric, Elaphe, ZIEHL-ABEGG, Printed Motor Works, and NTN are among the market for automotive in-wheel motors ecosystem’s players. Tesla, Nissan Motor Corporation, BYD, BMW, and Volkswagen are also part of the ecosystem.

The market for automotive in-wheel motors is expected to grow over the forecast period, as contenders in the global automotive in-wheel motors market emerge and competition with existing players intensifies in the coming years.

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Recent Development:

Date	Company	Strategy	Details
2018	Printed Motor Works	Redesign	Printed Motor Works improved their existing PMW XR15 in-wheel motors in 2018. With the redesign of its compact XR15 series, Printed Motor Works improved the specification of its strong in-wheel motor range. The updated models have greater radial and axial load bearing capacity due to larger diameter shafts and heavier duty bearing sets.
2018	Yasa	New Factory	Yasa opened a new factory in Oxford, United Kingdom, in 2018. The inauguration came after the company signed long-term research and supply agreements with automotive customers, as well as a new US$ 17 million investment in growth funds.

About Future Market Insights (FMI) 

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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In 2022, sales in the global crane market are anticipated to reach US$43.9 billion. By 2029, the market size is expected to reach US$ 57.1 Bn, growing at a steady 3.8% CAGR.

The global crane market will be driven by an increase in construction projects in South East Asian and Latin American nations, as well as partnerships with well-known sales channel partners and manufacturing organisations for long-term supply. Additionally, during the forecast period, sales are anticipated to increase due to the integration of smart solutions and automation cranes.

Strong customer relationships with dealers, distributors, and other channel participants have been prioritised in a number of policies and plans adopted by major players in the global crane market. These relationships have been strengthened by local market presence. Value of the global crane market was approximately US$ 43.9 Bn in 2022, which is projected to increase 1.5X by 2029.

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Insights Gathered from Crane Market Study

• The integration of cranes with IoT is expected to allow key players to increase sales during the forecast period, especially through contracts from leading companies dealing in real estate buildings and commercial apartments.
• Rising number of remote operations have boosted demand, and more customers are demanding high load capacity cranes.
• Loader cranes find application in refineries and offshore oil droll platforms, and increase in the production capacity of crude oil across the globe (to cater to energy needs) will have a positive impact on the loader crane segment.
• Lack of technological adoption in conventional cranes will act as a restraint, and manufacturers will have to adopt advanced automation solutions to sustain and enhance their market share.
• China is estimated to hold a significant share in the global crane market, and is expected to drive market growth in the region, while growing at a CAGR of above 5% in terms of value from 2022 to 2029.

“Increasing demand for high capacity cranes and need for portability are propelling the sales of handheld cranes, mainly manufactured by leading players. Further, providing customer-specific products at attractive costs based upon individuals’ economic tier and spending capability is expected to drive the growth of the crane market in the coming years.”

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Crane Market: Participant Insights

The crane market is largely fragmented, owing to a large number of established and large players. The report also provides details of some of the key players in the global crane market, such as Liebherr Group, XCMG Construction Machinery Co. Ltd, The Manitowoc Company, Texrex Corporation, Cargotec Oyj, Tadano Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd. Kobelco Ltd, and Kato, among others. Increasing investments in public and private sector construction projects are primarily responsible for driving the growth of the market.

Competitiveness in this landscape is growing stronger, and the adoption of new crane technology is superseding the cranes of yesteryears. With numerous updations, customizations, and innovations, end users can increase uptime, save on maintenance and energy costs, scale products with the business, and extend the life of their investments, all of which will play a significant role in the global crane market.

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https://adhipatialumni.com/blogs/57377/Agricultural-Equipment-Market-In-Depth-Analysis-Growth-Strategies-and-Comprehensive

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