Asia Pacific Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50-50 Tm, and Above 150 Tm), and Boom Length (Below 10

Asia Pacific Hydraulic Marine Cranes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Design (Knuckle Boom, Telescopic Boom, Stiff Boom, and Foldable Cranes), Capacity (Below 50 Tm, 50-50 Tm, and Above 150 Tm), and Boom Length (Below 10 Meter, 10-20 Meter, and Above 20 Meter) 

The hydraulic marine cranes market in Asia-Pacific is expected to grow from US$ 835.30 million in 2021 to US$ 1,270.54 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. Trading activities are gaining significant traction in this region owing to the ongoing economic development. Governments across the region are forming alliances and relaxing trade policies to match up to the pace of globalization. Moreover, Asian countries such as China, India, Vietnam, Indonesia, and Thailand are receiving heavy foreign direct investments (FDIs) in the manufacturing sector. Governments of these countries are also aiding market players with various monetary and non-monetary incentives, such as reduced taxes, relaxed regulation and reporting norms, and complete business ownerships. Thus, such initiatives are encouraging various companies to either set up manufacturing facilities or ramp up the manufacturing output. Lowering labor costs and rising disposable income are, in turn, accelerating the seaborne trade, which is escalating the production of ships or vessels, thereby generating greater demand for hydraulic marine cranes.

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.

Based on boom length, the Asia-Pacific hydraulic marine cranes market is segmented into below 10 meter, 10-20 meter, and above 20 meters. The below 10 meters segment held the largest market share in 2020. The marine cranes with below 10 meters boom length are used at vessels, docks, and cargo-handling points. Owing the growing traction toward inland water transport across the region, the deployment of small to medium transport vessels is increasing, which subsequently drives the adoption of hydraulic marine cranes. Furthermore, the growing fishery industry across the region, coupled with the steady adoption advanced fishing vessels in developing countries, is another factor fueling the adoption of hydraulic marine cranes.

The Asia-Pacific hydraulic marine cranes market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia-Pacific hydraulic marine cranes market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate data and gain more analytical insights. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—including valuation experts, research analysts, and key opinion leaders—specializing in the Asia-Pacific hydraulic marine cranes market. Amco Veba Marine; Gru S.p.A.; HEILA Cranes S.p.a.; HIAB; HYVA; INDUSTRIAS GUERRA, SA; Kenz Figee; MELCAL S.p.A.; and Palfinger AG are among a few players operating in the Asia-Pacific hydraulic marine cranes market.

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1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Hydraulic Marine Cranes Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC - PEST Analysis
4.3 Ecosystem Analysis
5. APAC Hydraulic Marine Cranes Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Sea-borne Trade Activities
5.1.2 Presence of Large Number of Market Players
5.2 Market Restraints
5.2.1 Regulatory Pressure on Fishing Industry
5.3 Market Opportunities
5.3.1 Development of Large Number of Ports
5.4 Future Trends
5.4.1 Development of Electrical Powered Marine Cranes
5.5 Impact Analysis of Drivers and Restraints
6. Hydraulic Marine Cranes - APAC Market Analysis
6.1 APAC Hydraulic Marine Cranes Market Overview
6.2 APAC Hydraulic Marine Cranes Market Revenue Forecast and Analysis
7. APAC Hydraulic Marine Cranes Market- By Design
7.1 Overview
7.2 APAC Hydraulic Marine Cranes Market, by Design (2020 & 2028)
7.3 Knuckle Boom
7.3.1 Overview
7.3.2 Knuckle Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.4 Telescopic Boom
7.4.1 Overview
7.4.2 Telescopic Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.5 Stiff Boom
7.5.1 Overview
7.5.2 Stiff Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
7.6 Foldable Boom
7.6.1 Overview
7.6.2 Foldable Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Hydraulic Marine Cranes Market- By Capacity
8.1 Overview
8.2 APAC Hydraulic Marine Cranes Market, by Capacity (2020 & 2028)
8.3 Below 50 Tm
8.3.1 Overview
8.3.2 Below 50 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
8.4 - 150 Tm
8.4.1 Overview
8.4.2 - 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
8.5 Above 150 Tm
8.5.1 Overview
8.5.2 Above 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Hydraulic Marine Cranes Market- By Boom Length
9.1 Overview
9.2 APAC Hydraulic Marine Cranes Market, by Boom Length (2020 & 2028)
9.3 Below 10 Meters
9.3.1 Overview
9.3.2 Below 10 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.4 - 20 Meters
9.4.1 Overview
9.4.2 - 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
9.5 Above 20 Meters
9.5.1 Overview
9.5.2 Above 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Hydraulic Marine Cranes Market - Country Analysis
10.1 Overview
10.1.1 APAC: Hydraulic Marine Cranes Market, by Key Country
10.1.1.1 Australia: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Hydraulic Marine Cranes Market, by Design
10.1.1.1.2 Australia: Hydraulic Marine Cranes Market, by Capacity
10.1.1.1.3 Australia: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.2 China: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Hydraulic Marine Cranes Market, by Design
10.1.1.2.2 China: Hydraulic Marine Cranes Market, by Capacity
10.1.1.2.3 China: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.3 India: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Hydraulic Marine Cranes Market, by Design
10.1.1.3.2 India: Hydraulic Marine Cranes Market, by Capacity
10.1.1.3.3 India: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.4 Japan: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Hydraulic Marine Cranes Market, by Design
10.1.1.4.2 Japan: Hydraulic Marine Cranes Market, by Capacity
10.1.1.4.3 Japan: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.5 South Korea: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Hydraulic Marine Cranes Market, by Design
10.1.1.5.2 South Korea: Hydraulic Marine Cranes Market, by Capacity
10.1.1.5.3 South Korea: Hydraulic Marine Cranes Market, by Boom Length
10.1.1.6 Rest of APAC: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Hydraulic Marine Cranes Market, by Design
10.1.1.6.2 Rest of APAC: Hydraulic Marine Cranes Market, by Capacity
10.1.1.6.3 Rest of APAC: Hydraulic Marine Cranes Market, by Boom Length
11. APAC Hydraulic Marine Cranes Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Amco Veba Marine
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Fassi Gru S.p.A.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 HEILA Cranes S.p.a.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 HIAB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 INDUSTRIAS GUERRA, SA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Kenz Figee
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 HYVA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 MELCAL S.p.A.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Palfinger AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
list of Tables
Table 1. APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Hydraulic Marine Cranes Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Hydraulic Marine Cranes Market, by Design - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Hydraulic Marine Cranes Market, by Capacity - Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Hydraulic Marine Cranes Market, by Boom Length - Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Hydraulic Marine Cranes Market, by Design - Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Hydraulic Marine Cranes Market, by Capacity - Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Hydraulic Marine Cranes Market, by Boom Length - Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Hydraulic Marine Cranes Market, by Design - Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Hydraulic Marine Cranes Market, by Capacity - Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Hydraulic Marine Cranes Market, by Boom Length - Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Hydraulic Marine Cranes Market, by Design - Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Hydraulic Marine Cranes Market, by Capacity - Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Hydraulic Marine Cranes Market, by Boom Length - Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Hydraulic Marine Cranes Market, by Design - Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Hydraulic Marine Cranes Market, by Capacity - Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Hydraulic Marine Cranes Market, by Boom Length - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Hydraulic Marine Cranes Market, by Design - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Hydraulic Marine Cranes Market, by Capacity - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Hydraulic Marine Cranes Market, by Boom Length - Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
List of Figures
Figure 1. APAC Hydraulic Marine Cranes Market Segmentation
Figure 2. APAC Hydraulic Marine Cranes Market Segmentation - By Country
Figure 3. APAC Hydraulic Marine Cranes Market Overview
Figure 4. APAC Hydraulic Marine Cranes Market, by Design
Figure 5. APAC Hydraulic Marine Cranes Market, by Capacity
Figure 6. APAC Hydraulic Marine Cranes Market, By Country
Figure 7. APAC - PEST Analysis
Figure 8. Hydraulic Marine Cranes Market: Ecosystem Analysis
Figure 9. APAC Hydraulic Marine Cranes Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Hydraulic Marine Cranes Market Revenue Forecast and Analysis (US$ Million)
Figure 11. APAC Hydraulic Marine Cranes Market, by Design (2020 & 2028)
Figure 12. Knuckle Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Telescopic Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Stiff Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Foldable Boom: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Hydraulic Marine Cranes Market, by Capacity (2020 & 2028)
Figure 17. Below 50 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. - 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Above 150 Tm: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Hydraulic Marine Cranes Market, by Boom Length (2020 & 2028)
Figure 21. Below 10 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. - 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Above 20 Meters: APAC Hydraulic Marine Cranes Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Hydraulic Marine Cranes Market, by key Country- Revenue (2020) (US$ Million)
Figure 25. APAC: Hydraulic Marine Cranes Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Australia: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Hydraulic Marine Cranes Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in APAC Country Markets

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