Global Mobile Crane Market to Touch USD 9.8 BN By 2025
Posted On September 05, 2019
As per the new report released by Value Market Research, the Global Mobile Crane Market was valued USD 8.5 BN (by revenue) in 2018 and is anticipated to reach USD 9.8 BN by 2025 with a CAGR of 2.1% from 2019 to 2025. Rising demand for mobile crane across the construction sector for lifting and offloading of the materials is primarily fueling the market growth. Also, growing demand from power generation and other manufacturing industries are further anticipated to boost the market size. Moreover, the advancement of telematics in machines coupled with the growing investment by government bodies in the development of infrastructure and advent of crane rental service is also anticipated to increase the market demand over the forecast period.
Crane is a type of heavy machinery which is used for lifting and lowering of heavy objects at the construction site. Crane is usually equipped with the hoist rope, chains, sheaves, and wire which are used to move the objects as per the requirement. They're also available mobile crane in the market which is designed to move the machine objects from one location to another by lifting and lowering them and also move them in the horizontal direction at the construction site. Mobile crane is also used across manufacturing and power generation sector to load, offload, trans-load, and move various valuable heavy materials safely. Mobile crane can be classified into Hydraulic mobile cranes, All-terrain cranes, Rough terrain cranes, Crawler cranes, and Carry deck cranes.
The report “Global Mobile Crane Market Report By Type (All- Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Crane, And Others), By Application (Construction, Oil & Gas, Shipping & Port Building And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” covers market introduction, dynamic, segmentation, regional analysis, and competitive dashboard along with their contribution in the market.
Market segmentation includes type, application, and region. Type segment incorporates all- terrain crane, crawler crane, rough terrain crane, truck crane, and others. Out of which, crawler crane is gaining traction in the market owing to the rising demand from underground mining application and construction sector. Application segment encompasses construction, oil & gas, shipping & port building and others. Construction has emerged as the largest application area owing to the major application of mobile crane in the construction of buildings, railways, highway, and bridges. Regional segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is dominating the overall market owing to the booming construction industry in the region. Also, the rising demand for mobile crane across mining application is further projected to fuel the regional market growth.
The Report Segments Global Mobile Crane Market -
All- Terrain Crane
Rough Terrain Crane
Oil & Gas
Shipping & Port Building
Middle East & Africa
Players Profiled In The Report:
Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Kato Works Co. Ltd., Kobelco Construction Machinery Co., Ltd., Liebherr Group, Sany Heavy Industry Co., Ltd, Tadano Ltd., Terex Corporation, The Manitowoc Company, Inc., XCMG Construction Machinery Co., Ltd., and Zoomlion Heavy Industry Science and Technology Co., Ltd.
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