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Increasing Demand for High Capacity Cranes Will Dominate the PNC Crane Market in India Through 2019: TechNavioThe PNC Crane Market in India is expected to grow at a CAGR of 18.50 percent from 2014-2019, as demand for high-capacity cranes increases, says research firm TechNavio. About the Report According to the latest report by TechNavio, the PNC (News - Alert) Crane Market in India is dominated by cranes that have a 15 ton capacity. However, higher capacity cranes are expected to become increasingly prominent in the market because of the rise in requirements like handling heavy loads, longer reaches and tough ground conditions. "Sectors like infrastructure, industry and manufacturing are expected to increase the demand for higher capacity cranes, primarily for stocking and moving goods at their factory warehouses," says Faisal Ghaus, Vice President of TechNavio. The latest report by TechNavio also emphasizes the increased exposure to modern manufacturing technologies and evolution of production processes that have helped manufacturers develop equipment for specific sectors with strong emphasis on automation, productivity and safety. "Established crane manufacturers are expected to reduce the use of older technology and embrace modern, contemporary crane technology through the projected period," says Ghaus. Key Information Covered in the Report:
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