Crane duty motors are duty-type rated motors that develop high starting torque with a low starting current. Crane duty motors are preferred for reversals and frequent starts/ stops. With the use of crane duty motors, rapid acceleration can be achieved by high pull-out torque. With growing industrial activities and infrastructure projects, the requirement for respective crane duty motors is expected to grow in near future.
MARKET SCOPE
The "Global Crane Duty Motors Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the crane duty motors market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading crane duty motors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global crane duty motors market is bifurcated into single phase and three phase.
- On the basis of application, the market is bifurcated into crane & hoists, and material handling equipment.
MARKET DYNAMICS
Drivers
o Growing industrial activities all over the world.
o Increasing investment in infrastructure activities.
Restraints:
o Low adoption in a few developing countries of Africa region.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The crane duty motors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the crane duty market in these regions.
IMPACT OF COVID-19 ON CRANE DUTY MOTORS MARKET
Since the construction activities were temporarily closed, demand for crane duty motors was affected to a drastic extent. Infrastructure projects got delayed, owing to respective restrictions and limitations at the worksite. This also impacted the requirement for respective crane duty motors. Owing to the new variant of COVID-19, restrictions again impacted the market growth. Restriction of the limited workforce, temporary manufacturing shutdown, limited availability of raw material, and delay in scheduled deliveries has affected the production process adversely. With the growing pace of vaccination, the situation is expected to return to normalcy, which is expected to enhance the requirement for crane duty motors for cranes, hoists, and material handling equipment applications in near future.
MARKET PLAYERS
The report covers key developments in the crane duty motors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from crane duty motors market are anticipated to lucrative growth opportunities in the future with the rising demand for crane duty motors in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the crane duty motors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Havells
- Crompton Greaves
- Kirloskar Brothers Limited
- MENZEL
- Siemens
- Amit Electricals
- HINDUSTAN ELECTRIC MOTORS