Asia-Pacific has experienced a significant decline in economic activities as the government imposed strict lockdowns, travel bans, and business shutdown to control the spread of SARS-CoV-2 in 2020. These actions led to delays in the delivery of vessels from the shipbuilding industry. China, Hong Kong, South Korea, and Japan are top Asian export countries that experienced disturbances in their cargo shipments. Thus, lower trade volumes coupled with the disrupted supply chain of the shipbuilding industry hindered the hydraulic marine cranes market performance in 2020. However, as trading activities picked pace from the last quarter of 2020, market players are experiencing steady growth in demand for hydraulic marine cranes.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 835.30 Million |
| Market Size by 2028 | US$ 1,270.54 Million |
| CAGR (2021 - 2028) | 6.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Design
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Hydraulic Marine Cranes Market is valued at US$ 835.30 Million in 2021, it is projected to reach US$ 1,270.54 Million by 2028.
As per our report Asia Pacific Hydraulic Marine Cranes Market, the market size is valued at US$ 835.30 Million in 2021, projecting it to reach US$ 1,270.54 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.
The Asia Pacific Hydraulic Marine Cranes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Hydraulic Marine Cranes Market report:
The Asia Pacific Hydraulic Marine Cranes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Hydraulic Marine Cranes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Hydraulic Marine Cranes Market value chain can benefit from the information contained in a comprehensive market report.
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