888-776-0942 from 8 AM - 10 PM ET
CHICAGO , Oct. 12, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this China crane market report.
The China crane market is expected to grow at a CAGR of over 3.21% during the period 2021−2027.
Key Highlights Offered in the Report:
Get your sample today! https://www.arizton.com/market-reports/china-crane-market-opportunities-assessment-forecast
China Crane Market – Segmentation
China Crane Market by Crane Type
China Crane Market by Application
China Crane Market by Gross Power
China Crane Market – Dynamics
The strict environmental policies of local governments will continue to push the demand for truck crane replacements. Some projects have prohibited the use of NES II and III in construction activities. Most old fleets, which were acquired in 2009-10 when the market was at its previous peak, are coming toward the end of their service lives. The current market growth is fueled by rising demand and tougher environmental restrictions. Emission restrictions are expected to push replacement demand to 60% of overall sales. The National Emission Standard (NES) IV for construction machinery was adopted in July 2020 , and this prompted a surge in demand for new equipment. In the case of Heat Distortion Temperature (HDT), NES VI (a) was introduced in July 2021 . However, we believe that local governments can prepare ahead of time. Furthermore, some municipal governments have set a deadline for outdated models to be phased out. During the forecast period, our industry model predicts that replacement will account for more than 60% of demand. The changes in vehicle diesel fuel regulations are more severe than those for regular diesel, which is used by non-road construction machines, thus truck cranes might benefit the most from diesel emission enhancements.
Key Drivers and Trends fueling Market Growth:
Get your sample today! https://www.arizton.com/market-reports/china-crane-market-opportunities-assessment-forecast
Why Should You Buy This Report?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
Explore our industrial machinery profile to know more about the industry.
Read some of the top-selling reports:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Mail: [email protected] Call: +1-312-235-2040 +1 302 469 0707
SOURCE Arizton Advisory & Intelligence
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET