| Product Code: ETC5060295 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Hong Kong floating cranes import market in 2024 saw a diverse range of top exporting countries, including Slovenia, Spain, China, Cambodia, and Austria. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a CAGR of -5.03% from 2020 to 2024. The growth rate from 2023 to 2024 also dropped by -53.4%, reflecting a challenging year for the sector. This data suggests a need for market players to adapt to changing dynamics and seek innovative strategies to navigate the competitive landscape.

The floating cranes market in Hong Kong is closely tied to the citys maritime and construction activities. Floating cranes are vital for offshore construction, port activities, and shipbuilding. Hong Kong position as a major international port and its continuous infrastructure development projects drive the demand for floating cranes in the region.
The floating cranes market in Hong Kong is propelled by the expansion of marine and construction activities in the region. The increasing demand for infrastructure development, port construction, and offshore projects is driving the need for specialized lifting equipment like floating cranes. Additionally, the growing trend of renewable energy projects, such as wind farms, is further contributing to market growth as floating cranes are essential for transporting and installing heavy components in challenging marine environments.
The floating cranes market is hindered by high operational and maintenance costs associated with these specialized vessels. Ensuring compliance with maritime regulations and safety standards can also pose significant challenges. The market is subject to economic fluctuations, which can affect demand for construction and marine projects that utilize floating cranes. Additionally, the competition from alternative lifting solutions can further complicate market dynamics.
The floating cranes market is influenced by maritime regulations set forth by the government to ensure safety and operational efficiency in marine construction. Policies promoting infrastructure development and investment in port facilities create a conducive environment for the floating crane market. Additionally, compliance with environmental regulations supports sustainable operations in this sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Floating Cranes Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Floating Cranes Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Floating Cranes Market - Industry Life Cycle |
3.4 Hong Kong Floating Cranes Market - Porter's Five Forces |
3.5 Hong Kong Floating Cranes Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Hong Kong Floating Cranes Market Revenues & Volume Share, By Lifting Capacity, 2021 & 2031F |
3.7 Hong Kong Floating Cranes Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Hong Kong Floating Cranes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for infrastructure development projects in Hong Kong |
4.2.2 Growth in maritime activities and port operations |
4.2.3 Rising investments in the construction and shipping industries |
4.3 Market Restraints |
4.3.1 Stringent government regulations related to environmental protection and safety standards |
4.3.2 High initial investment and maintenance costs of floating cranes |
4.3.3 Competition from land-based crane operators |
5 Hong Kong Floating Cranes Market Trends |
6 Hong Kong Floating Cranes Market Segmentations |
6.1 Hong Kong Floating Cranes Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Floating Cranes Market Revenues & Volume, By Single Hull Vessel, 2021-2031F |
6.1.3 Hong Kong Floating Cranes Market Revenues & Volume, By Catamaran, 2021-2031F |
6.1.4 Hong Kong Floating Cranes Market Revenues & Volume, By Semi-submersible, 2021-2031F |
6.1.5 Hong Kong Floating Cranes Market Revenues & Volume, By Others, 2021-2031F |
6.2 Hong Kong Floating Cranes Market, By Lifting Capacity |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Floating Cranes Market Revenues & Volume, By Less Than 1,000 Tons, 2021-2031F |
6.2.3 Hong Kong Floating Cranes Market Revenues & Volume, By 1,000 ? ?? 10,000 Tons, 2021-2031F |
6.2.4 Hong Kong Floating Cranes Market Revenues & Volume, By More Than 10,000 Tons, 2021-2031F |
6.3 Hong Kong Floating Cranes Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Floating Cranes Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Hong Kong Floating Cranes Market Revenues & Volume, By Shipbuilding, 2021-2031F |
6.3.4 Hong Kong Floating Cranes Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.5 Hong Kong Floating Cranes Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.6 Hong Kong Floating Cranes Market Revenues & Volume, By Others, 2021-2031F |
7 Hong Kong Floating Cranes Market Import-Export Trade Statistics |
7.1 Hong Kong Floating Cranes Market Export to Major Countries |
7.2 Hong Kong Floating Cranes Market Imports from Major Countries |
8 Hong Kong Floating Cranes Market Key Performance Indicators |
8.1 Utilization rate of floating cranes in Hong Kong |
8.2 Average daily rental rates for floating cranes |
8.3 Number of new infrastructure projects requiring floating crane services |
8.4 Frequency of maintenance and downtime for floating cranes |
8.5 Customer satisfaction and feedback regarding floating crane services |
9 Hong Kong Floating Cranes Market - Opportunity Assessment |
9.1 Hong Kong Floating Cranes Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Hong Kong Floating Cranes Market Opportunity Assessment, By Lifting Capacity, 2021 & 2031F |
9.3 Hong Kong Floating Cranes Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Hong Kong Floating Cranes Market - Competitive Landscape |
10.1 Hong Kong Floating Cranes Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Floating Cranes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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