Netherlands Offshore Cranes and Marine Deck Machinery Market revenue size is projected to grow at a CAGR of 6.6% during 2022-2028

Port Cranes segment acquired the largest market revenue share in the Netherlands Offshore Cranes and Marine Deck Machinery market in year 2021 – 6Wresearch

Netherlands Offshore Cranes and Marine Deck Machinery market grew moderately between 2018 and 2020 due to rising foreign trade, manufacturing output, and shipbuilding activities. The COVID-19 epidemic in 2020, led to lockdown measures, which caused supply chain disruptions and low industrial sector output, thus impacting the demand for marine equipment. However, as COVID-19 limitations were lifted gradually, industrial production grew along with seaborne trade and as port activity surpassed pre-COVID levels, the offshore cranes and marine deck machinery market returned to its prior growth trajectory. Additionally, the government has started a programme to develop offshore wind energy sector, which is part of its nationwide effort to develop renewable energy sources, which is expected to support the future growth outlook.

According to 6Wresearch, Netherlands Offshore Cranes and Marine Deck Machinery Market revenue size is projected to grow at a CAGR of 6.6% during 2022-2028 on the back of rising foreign trade, exploration of new gas fields to reduce dependence on Russian gas and rising manufacturing output over the years, the outlook for Netherlands offshore cranes and marine deck machinery market is strong. Further, ongoing offshore wind energy project expansion of country to meet an overall offshore wind power capacity of 11 GW by 2030 is expected to increase the demand for offshore cranes.

According to Shubham Deep, Research Associate, 6Wresearch, “By offshore crane types, port cranes dominated the market in terms of revenue, owing to rising foreign trade and their functionality in shipbuilding and cargo handling operations which has been growing over the years. By applications, container handling acquired the highest revenue share in the Netherlands offshore cranes market in 2021, a similar drift is also expected in the coming years, owing to the high volume of incoming and outgoing cargo shipments to and from Dutch seaports.”

According to Suryakant Kashyap, Research Associate, 6Wresearch, “By marine deck machinery types, hydraulic power packs held the largest revenue share due to their superior power transfer capabilities over mechanical and electrical systems. By marine winch types, hydraulic winch segment accounts for the highest market revenue share owing to its effective working mechanism in terms of power and durability required to undertake heavy labour on the vessel and its capability to function without a battery backup.”

Some of the key players of the market include- Liebherr-International Deutschland GmbH, Palfinger. MacGregor, Konecranes Oyj, Huisman Equipment, Global Davit, DMW Marine Group, Manitowoc, Atlas Cranes and Xuzhou Construction Machinery Group.

“Netherlands Offshore Cranes and Marine Deck Machinery market report (2022-2028)” report provides an in-depth analysis and covered in 85 pages. The report estimates and forecast the overall Netherlands Offshore Cranes and Marine Deck Machinery market by offshore crane types, applications, marine deck machinery types. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.