Crane Mats Market: Overview

Ground stabilization is critical when working with cranes. If the ground is uneven or soft, there is a possibility the crane may become unstable and tip over. Hence, crane mats are used for providing a level, solid, and steady base for crane operation. Construction and pipeline industries are major end-users of crane mats.

Significant expansion in the global construction sector is driving the demand for crane mats. There has been a shift in population toward urbanized areas, especially in developing nations, due to the increase in population and urbanization. This transition has led to a rise in demand for homes and residential complexes. Additionally, increase in investment in new commercial constructions and infrastructure projects is fueling the demand for crane mats. Furthermore, growth in investments in power transmission and distribution (T&D) networks is driving the crane mats market.

Crane Mats Market: Key Segments

The global crane mats market can be segmented based on type, end-use, and region. Based on type, the crane mats market can be bifurcated into Douglas fir crane mats and hardwood crane mats. The hardwood crane mats segment dominates the crane mats market. This trend is estimated to continue during the forecast period. Hardwood crane mats are available in various sizes. The segment is expected to expand at a rapid pace during the forecast period, as these crane mats are environment friendly. 

Based on end-use, the global crane mats market can be divided into construction, pipeline, and others. The construction segment accounts for major share of the global crane mats market. The segment is projected to expand a faster pace than the other segments during the forecast period. The pipeline industry uses crane mats for ground stabilization while digging and laying pipes. Hence, rise in number of pipeline installation projects is driving the demand for crane mats.

Crane Mats Market: Regional Outlook

In terms of region, the global crane mats market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global crane mats market in 2017. This trend is likely to continue during the forecast period, due to the increase in construction activities in countries such as China, Japan, India, and Indonesia. China is one of the leading countries in Asia Pacific. The Government of China has enacted favorable policies to lower the proportion of down payment for second house loans and exemption of sales tax for residential housing. This has helped the commercial housing market to recover. In turn, this is expected to positively influence the market. North America is another major region of the global crane mats market. The U.S. is a prominent country for crane mats in North America. Strong development in commercial and residential structures in the U.S. is anticipated to fuel the demand for crane mats in the region. Additionally, high growth in pipeline construction projects is fueling the market. For instance, in June 2018, TransCanada Corporation, a Canada-based energy infrastructure operator, awarded a contract to a joint venture made up of Spiecapag Canada Corp, a VINCI subsidiary, and Macro Pipelines Inc. to build two sections of gas pipeline in the province of Vancouver, British Columbia.

Crane Mats Market: Key Players

Major companies operating in the global crane mats market include Horizon North Logistics Inc., Sell Lumber Corporation, Viking Mat, South Eastern Timber Corporation, Beasley Forest Products, The Crane Mat Company, Sterling Company, Quality Mat Company, Thomasson Company, and Crane Mats Northeast, LLC.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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