October 08, 2021
According to the research report titled, ‘Mobile Crane Market Size By Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane), By Capacity (5 Ton, 10 to 20 Ton, 21 to 30 Ton, Above 30 Ton), By Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2030’, available with MarketStudyReport, global mobile crane market is anticipated to register notable gains during 2021-2030.
Increasing product demand in transport & logistics sector worldwide, surging adoption of telematics enabled cranes, and prominent use in construction activities are boosting the growth of mobile crane market.
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For the unversed, mobile cranes are basically cable-controlled cranes mounted on a crawler which is controlled with cables or pulleys. They help to move objects both in horizontal and vertical directions.
In addition, beneficial features like affordability and ability to lift heavy objects and move them over short distances are further augmenting industry outlook. With rising environmental concerns, major players are developing various strategies to reduce carbon emissions, thus propelling market development.
On the contrary, high initial purchase and maintenance costs, along with the dearth of skilled operators are likely to slow down the progress of mobile crane market.
Global mobile crane marketplace is segmented with respect to type, capacity gamut, and application spectrum. Based on type, the crawler segment holds a significant market share at present and is expected to expand substantially through 2030, owing to escalating product demand driven by its ability to carry heavy loads efficiently.
In terms of capacity, the 10 to 20 tons segment is slated to register remarkable growth over the analysis timeline, accreditable to surging product utilization in transport and logistics sector.
Considering the geographical ambit, Middle East & Africa presently holds a considerable share in the overall market and is poised amass lucrative gains during 2021-2030. This is ascribed to rising government investments in smart cities and rapid amplification of the energy production sector in the region.
Key players operating in worldwide mobile crane market are Zoomlion Heavy Industry Science and Technology Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., Terex Corporation, Tadano Ltd., Sany Heavy Industry Co., Ltd., Palfinger AG, Manitowoc Company, Inc., Liebherr International AG, Kobelco Construction Machinery Co., Ltd., Kato Works Co., Ltd., Hydrauliska Industri AB, Fassi Gru S.p.A, and Action Construction Equipment (ACE) Ltd.