Mobile Crane Market size was valued at USD 19.76 Bn in 2023 and is expected to reach USD 35.33 Bn by 2032 with a growing CAGR of 6.67 % over the forecast period 2024-2032.
The mobile crane market is experiencing notable growth, driven by increasing construction and infrastructure development activities worldwide. Mobile cranes, known for their versatility and ability to transport heavy loads across various terrains, are becoming indispensable in construction, logistics, and industrial sectors. As urbanization accelerates, particularly in emerging economies, the demand for mobile cranes is soaring, with governments and private companies investing heavily in infrastructure projects. The market is further bolstered by technological advancements, with manufacturers introducing smart, energy-efficient mobile cranes that incorporate telematics and automation, allowing for enhanced operational efficiency and safety.
The competitive landscape of the mobile crane market is marked by strategic collaborations and product innovations as companies aim to cater to a diverse range of applications. Key players are focusing on developing lightweight and compact models with increased load-bearing capacities to address the needs of both small-scale and large-scale projects. Additionally, stringent emission regulations are pushing manufacturers to invest in eco-friendly technologies, leading to the rise of electric and hybrid mobile cranes. As a result, the market is expected to witness sustainable growth, with a strong emphasis on green solutions and advanced safety features to meet evolving industry standards and customer expectations.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Mobile Crane industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Mobile Crane market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
BAUER AG, The Manitowoc Company,Inc., Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.), Liebherr-International AG, Manitex International, Inc., Palfinger AG, Sarens N.V. /S.A., Terex Corporation .
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Mobile Crane market.
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It has segmented the global Mobile Crane market
On The Basis of Product Type
- Truck Mounted Crane
- Trailer Mounted Crane
- Crawler Crane
On The Basis of application
- Construction
- Industrial
- Utility
Key Objectives of the Global Mobile Crane Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Mobile Crane
- The report marks the notable developments that have recently taken place in the Mobile Craneindustry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Mobile Crane market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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