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Join date: Sep 20, 2021

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The rising global population and the requirement of new commercial & residential structures to address the population demand serve as major factors, driving the crane market growth. The rapid development of the infrastructure & building sector due to several new construction & refurbishment projects is creating a high demand for these machines. Increasing government and private investments in the new construction & building projects to provide better infrastructure facilities are supporting the crane market expansion. Additionally, the need for enhanced structures across various industry verticals including telecommunication, oil & gas, manufacturing, etc. is further supporting the market. These machines at gaining demand across application industries owing to the enhanced performance and efficiency benefits compared to the conventional options. Moreover, the increased automated safety features added in newly developed machines will add up to the product demand.

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