The global cranes market is expected to reach US$43.417 billion by the end of 2023, increasing from US$31.478 billion in 2017, growing at a CAGR of 5.51% during the forecast period. Growing global construction industry is the key driver of cranes market across the globe as these material handling equipment work best with heavy machineries. Moreover, cranes are used on construction sites to load/unload heavy material component which is impossible for human labor to do. Rising shipbuilding industr Read more...
Global Trucks and Lifts market is projected to grow at a CAGR of 2.46% during the forecast period, reaching a total market size of US$79.044 billion in 2024 from 68.315 billion in 2018. Growth in global construction industry along with infrastructural development, particularly in developing economies, is augmenting the demand for trucks and lifts material handling machines and equipment so as to help workers to deliver heavy materials from one place to another and to move the material around t Read more...
The packaging machinery market is projected to grow at a CAGR of 5.29% to reach a market size of US$73.034 billion in 2025 from US$53.605 billion in 2019.Packaging machinery is used to packaged final products or components manufactured across varied industries such as automotive, food and beverage, pharmaceutical, electronics, and cosmetics, among others. Urbanization and rising disposable incomes of the people are driving people to raise the demand for packaged products. The packaged products Read more...
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