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Crane Aftermarket Industry to Hit USD 10 Billion by 2026: Global Market Insights, Inc.

SELBYVILLE, Del., May 25, 2020 /PRNewswire/ -- Global Market Insights, Inc. has recently added a new report on crane aftermarketwhich estimates the global market valuationA for crane aftermarket will cross US$ 10 billion by 2026.The market is anticipated to project a rapid growth owing to the rising adoption of cranes in industrial and manufacturing sectors. Rising deployment of gantry and monorail cranes in heavy material handling and factory set-up applications is driving the market growth.The rapidly spreading COVID-19 pandemic in 2020 has led to slow growth of crane aftermarket. Government-enforced lockdowns and restraints on consumer movement have led to a global economic slowdown. This is expected to affect the overall automobile and construction equipment sector, thereby impacting the industry growth. However, the market is anticipated to witnessA steady growth from 2021, after the reduction of the impact of COVID-19.RequestA a sample of this research report @A https://www.gminsights.com/request-sample/detail/4665The industry players are emphasizing on launching advanced remote controls that are compatible with a variety of crane models. For instance, in April 2018, Scanreco launched its SCAN500 Mini Transmitter remote control that meets the OEM and aftermarket system integrator requirements for heavy-duty cranes. The controller includes an ergonomically designed touchscreen display for improved equipment performance with minimum operator fatigue.The crawler crane segment is expected to grow steadily in the crane aftermarket. The growth can be attributed to the ability of crawler cranes to navigate rough, inaccessible surfaces and lift extremely heavy loads. Crawler cranes also provide enhanced height capabilities with detachable boom lifts for a variety of performance range in narrow spaces and all-terrain conditions.
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