The construction industry has grown rapidly in recent decades, owing to rising industrialisation and urbanisation. In both emerging and developed markets, residential and non-residential construction has grown rapidly. As a result, the demand for various types of cranes has increased steadily. Growth in a variety of other end-use industries, such as mining, automotive, oil and gas, and so on, has also boosted global crane demand.
Another factor that is likely to drive sales is the growing emphasis of manufacturers on leasing and renting hoists. The global demand for Crane Market machines is expected to rise as public and private infrastructure development accelerates.
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