South America Hydraulic Marine Cranes Market Share by Size and Growth 2028

The hydraulic marine cranes market in South America is expected to grow from US$ 107.76 million in 2021 to US$ 134.10 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028.

Trading activities are gaining significant traction owing the ongoing economic development over the last decade. Governments across the region are forming alliances and relaxing trade policies owing to the growing importance of globalization. Further, governments are also aiding market players with various monetary and non-monetary incentives, such as reduced taxes, relaxed regulation and reporting norms, and complete ownership of business. Thus, such initiatives are attracting various companies to either setup manufacturing facilities or uplift the manufacturing output. Lowering labor costs and rising disposable income are, in turn, accelerating the seaborne trade. This is projected to subsequently drive the adoption of hydraulic marine cranes in the region. The increase in sea-borne trade activities is escalating the production of ships or vessels across the region, which in turn is generating demands for marine cranes, which is ultimately boosting the South America hydraulic marine cranes market.

During the COVID-19 pandemic, a significant decline in production volumes was observed in major economic sectors in SAM countries. The region experienced a decline in seaborne trading activities due to the containment measures enacted by governments, which ultimately affected the adoption of hydraulic marine cranes. Moreover, the disruption in the supply of hydraulic marine cranes also affected the regional market from the supply side. However, as trading activities picked pace in the last quarter of 2020, the hydraulic marine crane market players are experiencing steady growth in demand their products.

South America Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)

South America Hydraulic Marine Cranes Market Segmentation

South America Hydraulic Marine Cranes Market – By Design

Knuckle Boom
Telescopic Boom
Stiff Boom
Foldable Boom

South America Hydraulic Marine Cranes Market – By Capacity

Below 50 Tm
50 - 150 Tm
Above 150 Tm

South America Hydraulic Marine Cranes Market – By Boom Length

Below 10 Meters
10 - 20 Meters
Above 20 Meters

South America Hydraulic Marine Cranes Market– By Country

Brazil
Argentina
Rest of South America

South America Hydraulic Marine Cranes Market-Companies Mentioned

Amco Veba Marine
Fassi Gru S.p.A.
HEILA Cranes S.p.a.
HIAB
HYVA
INDUSTRIAS GUERRA, SA
Kenz Figee
Palfinger AG

South America Hydraulic Marine Cranes Market Strategic Insights

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South America Hydraulic Marine Cranes Market Segmentation Analysis

South America Hydraulic Marine Cranes Market Report Highlights

South America Hydraulic Marine Cranes Report Scope

Report Attribute	Details
Market size in 2021	US$ 107.76 Million
Market Size by 2028	US$ 134.10 Million
CAGR (2021 - 2028)	3.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Design Knuckle Boom Telescopic Boom Stiff Boom Foldable Cranes By Capacity Below 50 Tm 50"50 Tm Above 150 Tm By Boom Length Below 10 Meter 10"20 Meter Above 20 Meter
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Amco Veba Marine Fassi Gru S.p.A. HEILA Cranes S.p.a. HIAB HYVA INDUSTRIAS GUERRA, SA Kenz Figee Palfinger AG