The increasing offshore installations have to be supported by reliable lifting and material handling services to manage operations in an efficient manner. The lifting requirements of offshore installations vary depending on the vessel type. The companies providing heavy lifting and material handling equipments to the offshore industry also build standardized blocks to cater the lifting requirements in offshore facilities. However, the offshore vessels may be designed to handle various materials and thus their lifting and material handling requirements vary in some cases. In several regions the offshore safety authorities regulate the designing of equipments which are to be utilized in the offshore facilities. The machinery regulations govern the manufacture and sale of lifting appliances which are to be used in offshore basins.  The equipment providing companies have to develop safe solutions for subsea load handling in stringent weather conditions. The market for heavy lifting and material handling equipment for the offshore industry is anticipated to grow at a substantial rate in future owing to increasing requirements from offshore operators.
 
The requirement for advanced lifting systems and increasing safety parameters of the offshore industry are the major drivers attracting investment in for heavy lifting and material handling equipment market. The offshore facilities are located in stringent weather conditions and there are several heavy lifting tasks to be performed in such facilities. The equipment providers need to design their devices keeping in mind the specific requirements of the offshore vessel and the precise task it is meant to perform. Nations such as the U.K and Norway have laid down strict design parameters for heavy lifting and material handling equipments. The manufacturing companies are investing additional amounts to design innovative solutions which would also meet the safety parameters of the operating region. However, designing effective solutions for offshore installations which have space constraints is a major factor impacting the growth of the market. 
 
The market for heavy lifting and material handling equipment for the offshore industry can be segmented based on the products available in this industry. The lifting and material handling equipments are designed to perform specific tasks, thus the solutions are designed according to the requirement of the vessel. The major product categories available in this market are offshore cranes, subsea winches, A- frames, pull-in systems, skidding and trolley systems, module handling towers and compensators. Apart from the above mentioned product categories several other equipments are designed to cater the need of the offshore industry.
 
The increasing offshore production activities in the Latin American region will provide the major market heavy lifting and material handling equipment in the coming future. Planned expansion projects and the large offshore reserves of West Africa is one of the prospective regions for the growth of heavy lifting and material handling equipment market. The strict guidelines issued by government agencies in European nations will further attract investment in this market. The exploration companies in Asia Pacific are also increasing investment in FPSO and FLNG systems which would provide growth opportunities to heavy lifting and material handling equipment market.
Some of the major companies providing services in the heavy lifting and material handling equipment business are Hyundai Heavy Industries, TTS Group ASA, AXTech AS and Konecranes.  
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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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.

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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:

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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?

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

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