Table of Content

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 22
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN CRANES RENTAL MARKET 29
4.2 CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 29
4.3 CRANES RENTAL MARKET, BY END-USE INDUSTRY 30
4.4 CRANES RENTAL MARKET, BY REGION 30
4.5 ASIA PACIFIC CRANES RENTAL MARKET, BY TYPE AND COUNTRY 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.1.1 DRIVERS 33
5.1.1.1 Ongoing transformation of urban areas into smart cities 33
5.1.1.2 Covering of insurance, maintenance, and breakdown costs
by crane renting companies 33
5.1.2 RESTRAINTS 33
5.1.2.1 Preference for old cranes 33
5.1.2.2 Low-rent cranes offered by small and medium-sized enterprises 33
5.1.3 OPPORTUNITIES 34
5.1.3.1 Development of new power plants using renewable sources of energy 34
5.1.3.2 Emergence of the US as a potential market for rented cranes 34
5.1.4 CHALLENGES 34
5.1.4.1 Lack of skilled workforce 34
5.2 PORTER’S FIVE FORCES ANALYSIS 35
5.2.1 BARGAINING POWER OF SUPPLIERS 35
5.2.2 THREAT OF NEW ENTRANTS 36
5.2.3 THREAT OF SUBSTITUTES 36
5.2.4 BARGAINING POWER OF BUYERS 36
5.2.5 INTENSITY OF COMPETITIVE RIVALRY 36

6 CRANES RENTAL MARKET, BY TYPE 37
6.1 INTRODUCTION 38
6.2 MOBILE CRANES 39
6.3 FIXED CRANES 39

7 CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 40
7.1 INTRODUCTION 41
7.2 LOW WEIGHT LIFTING CAPACITY 42
7.3 LOW–MEDIUM WEIGHT LIFTING CAPACITY 42
7.4 HEAVY WEIGHT LIFTING CAPACITY 43
7.5 EXTREME HEAVY WEIGHT LIFTING CAPACITY 43

8 CRANES RENTAL MARKET, BY END-USE INDUSTRY 44
8.1 INTRODUCTION 45
8.2 BUILDING & CONSTRUCTION 46
8.3 OIL & GAS 46
8.4 MARINE & OFFSHORE 47
8.5 MINING & EXCAVATION 48
8.6 TRANSPORTATION 48
8.7 OTHERS 49

9 REGIONAL ANALYSIS 50
9.1 INTRODUCTION 51
9.2 ASIA PACIFIC 52
9.2.1 CHINA 54
9.2.1.1 China is projected to lead cranes rental market in
Asia Pacific during the forecast period 54
9.2.2 JAPAN 54
9.2.2.1 Increasing construction activities in Japan post-2011 earthquake are expected to drive growth of cranes rental market in Japan 54
9.2.3 INDIA 55
9.2.3.1 Increasing investments for infrastructure developments in the country are expected to fuel growth of cranes rental market in India 55
9.2.4 AUSTRALIA 55
9.2.4.1 Flourishing mining & excavation industry is expected to drive
growth of cranes rental market in Australia 55
9.2.5 REST OF ASIA PACIFIC 56
9.2.5.1 Growing industries and increasing investments are expected to
fuel growth of cranes rental market in Rest of Asia Pacific 56
9.3 MIDDLE EAST & AFRICA 57
9.3.1 UAE 59
9.3.1.1 Increasing government investments and ongoing construction projects are expected to drive growth of cranes rental market in UAE 59
9.3.2 IRAN 59
9.3.2.1 Growing government investments for the development of greenfield projects are expected to drive the demand for rented cranes in Iran 59
9.3.3 SAUDI ARABIA 60
9.3.3.1 Flourishing oil & gas industry is expected to contribute to growth
of cranes rental market in Saudi Arabia 60
9.3.4 SOUTH AFRICA 61
9.3.4.1 Change in market dynamics from long-term rental to short-term rental is expected to fuel growth of cranes rental market in
South Africa 61
9.3.5 REST OF MIDDLE EAST & AFRICA 62
9.3.5.1 Increased investments and favorable government policies are expected to fuel growth of cranes rental market in Rest of
Middle East & Africa 62
9.4 NORTH AMERICA 63
9.4.1 US 65
9.4.1.1 Ongoing government initiatives to renovate old infrastructures and increasing demand for rented cranes from various end-use industries is expected to fuel growth of cranes rental market in US 65
9.4.2 CANADA 65
9.4.2.1 Increasing investments in infrastructure development projects are expected to drive growth of cranes rental market in Canada 65
9.4.3 MEXICO 66
9.4.3.1 Increasing private investments in the infrastructure development and industrial sectors are expected to contribute to growth of cranes rental market in Mexico 66
9.5 EUROPE 67
9.5.1 GERMANY 70
9.5.1.1 Increasing infrastructure spending is expected to drive growth of cranes rental market in Germany 70
9.5.2 FRANCE 70
9.5.2.1 Rising investments in construction industry of France are fueling growth of cranes rental market in France 70
?
9.5.3 UK 71
9.5.3.1 Flourishing construction industry is expected to drive
growth of cranes rental market in UK 71
9.5.4 ITALY 72
9.5.4.1 Recovering construction industry of country is expected to
fuel growth of cranes rental market in Italy 72
9.5.5 SPAIN 72
9.5.5.1 Increasing investments in non-residential projects are leading to growth of cranes rental market in Spain 72
9.5.6 SWEDEN 73
9.5.6.1 Increasing government initiatives and flourishing non-residential sector are expected to drive growth of cranes rental
market in Sweden 73
9.5.7 REST OF EUROPE 73
9.5.7.1 Flourishing construction industry, especially in Poland, is projected to fuel growth of cranes rental market in Rest of Europe 73
9.6 SOUTH AMERICA 74
9.6.1 BRAZIL 76
9.6.1.1 Flourishing end-use industries are expected to drive growth of
Brazil cranes rental market during the forecast period 76
9.6.2 ARGENTINA 76
9.6.2.1 Sustainable economic development and investments from
foreign investors are expected to drive growth of cranes
rental market in Argentina 76
9.6.3 REST OF SOUTH AMERICA 77
9.6.3.1 Free trade zone and presence of trained workforce are expected to fuel growth of cranes rental market in Rest of South America 77

10 DIVE 78
10.1 INTRODUCTION 78
10.1.1 VISIONARIES 78
10.1.2 INNOVATORS 78
10.1.3 DYNAMIC DIFFERENTIATORS 78
10.1.4 EMERGING COMPANIES 78
10.2 RANKING OF KEY PLAYERS IN CRANES RENTAL MARKET IN 2018 79

11 COMPANY PROFILES 80
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 MAMMOET 80
11.2 SARENS NV 84
11.3 LAMPSON INTERNATIONAL LLC 88
11.4 ALE 91
11.5 MAXIM CRANE WORKS, L.P. 94
11.6 ACTION CONSTRUCTION EQUIPMENT LTD. 97
11.7 WELDEX (INTERNATIONAL) OFFSHORE LTD. 99
11.8 MEDIACO GROUP 101
11.9 BUCKNER HEAVYLIFT CRANES, LLC 104
11.10 STARLOG ENTERPRISES LIMITED 107
11.11 AHERN RENTALS, INC. 109
11.12 UNITED RENTALS, INC. 111
11.13 ALL ERECTION & CRANE RENTAL CORP. 114
11.14 UCHIMIYA TRANSPORTATION AND ENGINEERING CO., LTD. 116
11.15 SANGHVI MOVERS LIMITED 118
11.16 OTHER KEY PLAYERS 122
11.16.1 TAT HONG HOLDINGS LTD. 122
11.16.2 AL JABER HEAVY LIFT 122
11.16.3 PRANGL GESELLSCHAFT M.B.H 122
11.16.4 TIONG WOON CORPORATION HOLDING LTD. 122
11.16.5 SARILAR GROUP 123
11.16.6 DEEP SOUTH CRANE AND RIGGING 123
11.16.7 HSS HIRE SERVICE GROUP PLC 123
11.16.8 LIEBHERR-MIETPARTNER GMBH 123
11.16.9 HITACHI CONSTRUCTION MACHINERY CO., LTD. 124
11.16.10 AMECO 124
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12 APPENDIX 125
12.1 INSIGHTS OF INDUSTRY EXPERTS 125
12.2 DISCUSSION GUIDE 126
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 131
12.4 AVAILABLE CUSTOMIZATIONS 133
12.5 RELATED REPORTS 133
12.6 AUTHOR DETAILS 134



List of Figures



FIGURE 1 CRANES RENTAL MARKET SEGMENTATION 17
FIGURE 2 CRANES RENTAL MARKET: RESEARCH DESIGN 19
FIGURE 3 BOTTOM-UP APPROACH 22
FIGURE 4 TOP-DOWN APPROACH 23
FIGURE 5 CRANES RENTAL MARKET: DATA TRIANGULATION 24
FIGURE 6 MOBILE CRANES SEGMENT IS PROJECTED TO LEAD CRANES
RENTAL MARKET BETWEEN 2019 AND 2024 28
FIGURE 7 BUILDING & CONSTRUCTION SEGMENT IS PROJECTED TO LEAD
CRANES RENTAL MARKET BETWEEN 2019 AND 2024 28
FIGURE 8 ASIA PACIFIC CRANES RENTAL MARKET IS PROJECTED TO GROW
AT THE HIGHEST CAGR FROM 2019 TO 2024 29
FIGURE 9 LOW WEIGHT LIFTING CAPACITY SEGMENT LED CRANES RENTAL MARKET IN 2018 29
FIGURE 10 BUILDING & CONSTRUCTION SEGMENT IS PROJECTED TO LEAD
CRANES RENTAL MARKET FROM 2019 TO 2024 30
FIGURE 11 ASIA PACIFIC ACCOUNTED FOR THE LARGEST SHARE OF CRANES
RENTAL MARKET IN 2018 30
FIGURE 12 MOBILE CRANES SEGMENT AND CHINA LED ASIA PACIFIC CRANES
RENTAL MARKET IN 2018 31
FIGURE 13 MARKET DYNAMICS: CRANES RENTAL MARKET 32
FIGURE 14 PORTER’S FIVE FORCES ANALYSIS 35
FIGURE 15 MOBILE CRANES SEGMENT IS PROJECTED TO LEAD CRANES
RENTAL MARKET FROM 2019 TO 2024 38
FIGURE 16 LOW WEIGHT LIFTING CAPACITY SEGMENT OF CRANES RENTAL MARKET
IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2019 TO 2024 41
FIGURE 17 BUILDING & CONSTRUCTION SEGMENT OF CRANES RENTAL MARKET IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2019 TO 2024 45
FIGURE 18 ASIA PACIFIC CRANES RENTAL MARKET IS PROJECTED TO GROW
AT THE HIGHEST CAGR FROM 2019 TO 2024 51
FIGURE 19 ASIA PACIFIC CRANES RENTAL MARKET SNAPSHOT 52
FIGURE 20 MIDDLE EAST CRANES RENTAL MARKET SNAPSHOT 57
FIGURE 21 NORTH AMERICA CRANES RENTAL MARKET SNAPSHOT 63
FIGURE 22 EUROPE CRANES RENTAL MARKET SNAPSHOT 68
FIGURE 23 SOUTH AMERICA CRANES RENTAL MARKET SNAPSHOT 74
FIGURE 24 DIVE CHART 79
FIGURE 25 MAMMOET: SWOT ANALYSIS 83
FIGURE 26 SARENS NV: COMPANY SNAPSHOT 84
FIGURE 27 SARENS NV: SWOT ANALYSIS 86
FIGURE 28 LAMPSON INTERNATIONAL LLC: SWOT ANALYSIS 89
FIGURE 29 ALE: SWOT ANALYSIS 92
FIGURE 30 MAXIM CRANE WORKS, L.P.: SWOT ANALYSIS 96
FIGURE 31 ACTION CONSTRUCTION EQUIPMENT LTD.: COMPANY SNAPSHOT 97
FIGURE 32 ACTION CONSTRUCTION EQUIPMENT LTD.: SWOT ANALYSIS 98
FIGURE 33 WELDEX (INTERNATIONAL) OFFSHORE LTD: SWOT ANALYSIS 100
FIGURE 34 MEDIACO GROUP: SWOT ANALYSIS 103
FIGURE 35 BUCKNER HEAVYLIFT CRANES, LLC: SWOT ANALYSIS 106
FIGURE 36 STARLOG ENTERPRISES LIMITED: COMPANY SNAPSHOT 107
FIGURE 37 AHERN RENTALS, INC.: SWOT ANALYSIS 110
FIGURE 38 UNITED RENTALS, INC.: COMPANY SNAPSHOT 111
FIGURE 39 UNITED RENTALS, INC.: SWOT ANALYSIS 113
FIGURE 40 SANGHVI MOVERS LIMITED: COMPANY SNAPSHOT 118
FIGURE 41 SANGHVI MOVERS LIMITED: SWOT ANALYSIS 121

 

List of Tables



TABLE 1 CRANES RENTAL MARKET SNAPSHOT 27
TABLE 2 CRANES RENTAL MARKET, BY TYPE, 2017–2024 (USD MILLION) 38
TABLE 3 MOBILE CRANES RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION) 39
TABLE 4 FIXED CRANES RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION) 39
TABLE 5 CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 2017–2024 (USD MILLION) 41
TABLE 6 LOW WEIGHT LIFTING CAPACITY CRANES RENTAL MARKET, BY REGION 2017–2024 (USD MILLION) 42
TABLE 7 LOW–MEDIUM WEIGHT LIFTING CAPACITY CRANES RENTAL MARKET BY REGION, 2017–2024 (USD MILLION) 42
TABLE 8 HEAVY WEIGHT LIFTING CAPACITY CRANES RENTAL MARKET, BY REGION 2017–2024 (USD MILLION) 43
TABLE 9 EXTREME HEAVY WEIGHT LIFTING CAPACITY CRANES RENTAL MARKET BY REGION, 2017–2024 (USD MILLION) 43
TABLE 10 CRANES RENTAL MARKET, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 45
TABLE 11 CRANES RENTAL MARKET FOR BUILDING & CONSTRUCTION, BY REGION 2017–2024 (USD MILLION) 46
TABLE 12 CRANES RENTAL MARKET FOR OIL & GAS, BY REGION, 2017–2024 (USD MILLION) 47
TABLE 13 CRANES RENTAL MARKET FOR MARINE & OFFSHORE, BY REGION 2017–2024 (USD MILLION) 47
TABLE 14 CRANES RENTAL MARKET FOR MINING & EXCAVATION, BY REGION 2017–2024 (USD MILLION) 48
TABLE 15 CRANES RENTAL MARKET FOR TRANSPORTATION, BY REGION 2017–2024 (USD MILLION) 49
TABLE 16 CRANES RENTAL MARKET FOR OTHER END-USE INDUSTRIES, BY REGION 2017–2024 (USD MILLION) 49
TABLE 17 CRANES RENTAL MARKET, BY REGION, 2017–2024 (USD MILLION) 51
TABLE 18 ASIA PACIFIC CRANES RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION) 53
TABLE 19 ASIA PACIFIC CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 2017–2024 (USD MILLION) 53
TABLE 20 ASIA PACIFIC CRANES RENTAL MARKET, BY TYPE, 2017–2024 (USD MILLION) 53
TABLE 21 ASIA PACIFIC CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 53
TABLE 22 CHINA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION 54
TABLE 23 JAPAN CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 54
TABLE 24 INDIA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 55
TABLE 25 AUSTRALIA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 56
TABLE 26 REST OF ASIA PACIFIC CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 56
TABLE 27 MIDDLE EAST & AFRICA CRANES RENTAL MARKET, BY COUNTRY 2017–2024 (USD MILLION) 58
TABLE 28 MIDDLE EAST & AFRICA CRANES RENTAL MARKET, BY TYPE 2017–2024 (USD MILLION) 58
TABLE 29 MIDDLE EAST & AFRICA CRANES RENTAL MARKET, BY WEIGHT LIFTING
CAPACITY, 2017–2024 (USD MILLION) 58
TABLE 30 MIDDLE EAST & AFRICA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 58
TABLE 31 UAE CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 59
TABLE 32 IRAN CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 60
TABLE 33 SAUDI ARABIA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 60
TABLE 34 SOUTH AFRICA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 61
TABLE 35 REST OF MIDDLE EAST & AFRICA CRANES RENTAL MARKET, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 62
TABLE 36 NORTH AMERICA CRANES RENTAL MARKET, BY COUNTRY 2017–2024 (USD MILLION) 64
TABLE 37 NORTH AMERICA CRANES RENTAL MARKET, BY TYPE, 2017–2024 (USD MILLION) 64
TABLE 38 NORTH AMERICA CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 2017–2024 (USD MILLION) 64
TABLE 39 NORTH AMERICA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 64
TABLE 40 US CRANES RENTAL MARKET, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 65
TABLE 41 CANADA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 66
TABLE 42 MEXICO CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 66
TABLE 43 EUROPE CRANES RENTAL MARKET, BY COUNTRY, 2017–2024 (USD MILLION) 69
TABLE 44 EUROPE CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 2017–2024 (USD MILLION) 69
TABLE 45 EUROPE CRANES RENTAL MARKET, BY TYPE, 2017–2024 (USD MILLION) 69
TABLE 46 EUROPE CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 69
TABLE 47 GERMANY CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 70
TABLE 48 FRANCE CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 71
TABLE 49 UK CRANES RENTAL MARKET, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 71
TABLE 50 ITALY CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 72
TABLE 51 SPAIN CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 72
TABLE 52 SWEDEN CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 73
TABLE 53 REST OF EUROPE CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 73
TABLE 54 SOUTH AMERICA CRANES RENTAL MARKET, BY COUNTRY 2017–2024 (USD MILLION) 75
TABLE 55 SOUTH AMERICA CRANES RENTAL MARKET, BY TYPE, 2017–2024 (USD MILLION) 75
TABLE 56 SOUTH AMERICA CRANES RENTAL MARKET, BY WEIGHT LIFTING CAPACITY 2017–2024 (USD MILLION) 75
TABLE 57 SOUTH AMERICA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 75
TABLE 58 BRAZIL CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 76
TABLE 59 ARGENTINA CRANES RENTAL MARKET, BY END-USE INDUSTRY 2017–2024 (USD MILLION) 77
TABLE 60 REST OF SOUTH AMERICA CRANES RENTAL MARKET, BY END-USE INDUSTRY, 2017–2024 (USD MILLION) 77