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Asia-Pacific Overhead Cranes market will be 3354.16 million USD in 2023
Asia-Pacific Overhead Cranes market will be 3354.16 million USD in 2023
Publisher: QYResearch
Published Date: 2019/1/22
Asia-Pacific plays important roles in global Overhead Cranes market, with market size of 2840.61 million USD in 2017 and will be 3354.16 million USD in 2023, with a CAGR of 2.81%. Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
First, for industry structure analysis, the Overhead Cranes industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. In Asia-Pacific, The top five producers account for about 24.82 % of the revenue market.
Second, the Sales of Overhead Cranes in Asia-Pacific increased from 34.6 K units in 2013 to 38.9 K units in 2017 with an average growth rate of 2.96%.
Third, China occupied 51.42% of the Asia-Pacific consumption market in 2017 with a CAGR of 1.38% for the past four years. India also shows strong growth momentum.
Fourth, for price trend analysis, a key variable in the performance of Overhead Cranes producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Fifth, for forecast, the Asia-Pacific Overhead Cranes revenue would keep increasing with annual growth rate with 2~3%. We tend to believe that this industry still has a good future, considering the current demand of Overhead Cranes.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2019-01-21 23:31:30
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- Item ID: 15016132