Mobile Crane Market Scenario:
The mobile crane market is expected to grow over the CAGR of around 4% during the period 2022 to 2030.
The mobile crane market is majorly driven by the increasing focus on the infrastructural developments. Power distribution is also largely contributing to the growth of the market as it is being extensively used during the construction and maintenance activities required during the process of power distribution. The adoption of GPS technology by the equipment holders have ensured operational efficiency and profitability. Therefore, the adoption of telematics is expected to contribute to the growth of the mobile crane market.
Mobile crane refers to a lifting device, which is incorporated of a cable controlled crane mounted on a rubber tired carrier comprising of a telescopic boom. It is being designed to facilitate easy transportation between various operating locations by road.
Regional Analysis
Asia-Pacific region is expected to grow rapidly in the mobile crane market, owing to factors such as the increasing demand for innovations in the infrastructure by the commercial and residential construction industries. The other factors driving the growth of the market are the political stability in the region and the booming construction industry in the region. The increasing urbanization and the introduction of smart cities in the region are also contributing to the growth of the mobile crane market.
Key Players
The key players of Mobile crane market are Liebherr Group (switzerland), XCMG Group (China), Manitowoc Company, Inc. (U.S.), Tadano Ltd. (Japan), Terex Corporation (U.S.), Palfinger AG (Austria), Sany Group Co. Ltd (China), Zoomlion Co., Ltd. (China), Kato-works Co. Ltd. (Japan), Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd (Japan), LiuGong Machinery Co., Ltd. (China) and others.
Competitive Analysis
The state of technological development is estimated to be staggered as the development of the global market is at a relative standstill. The establishment of a definite competitive advantage is estimated to spur market development in the forecast period. The effect of unpredictable events has created substantial barriers that will have to suitably addressed and overcome to achieve normalcy in the global market. The need to invest in building a robust consumer base is estimated to rank on the top priorities of market leaders for the upcoming period. The weakening of trade channels is projected to present new challenges that have to be overcome expediently in the coming years. The inducements offered by the government are expected to display a positive influence on the overall market development in the impending period. The reinvention of the supply chains by integrating robust technology in them is estimated to spur the development of the market in the coming period. The regulations in various regions can be relied upon to rebuild market clout gradually in the future.
Study Objectives of mobile crane Market
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global mobile crane market
- To provide insights about factors affecting the market growth
- To analyze the global Mobile crane market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by product, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global mobile crane market.
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