Significant Demand in Crane and Hoist Market During 2021-2026
The crane and hoist market size is projected to reach USD 33.0 billion by 2026 from an estimated USD 26.0 billion in 2021, at a CAGR of 4.8% from 2021 to 2026. Significant demand from construction industry, expanding mining industry, increased use in shipping industry are among the factors driving the growth of the crane and hoist market.
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