In the realm of lifting solutions, the Mobile Crane Market Demand stands as a crucial player, holding a valuation of USD 16.70 billion in 2022. Forecasts indicate a substantial expansion, with expectations reaching USD 24.48 billion by 2030, reflecting a commendable Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period from 2023 to 2030.
The market's growth is underscored by a robust emphasis on infrastructure development by various states, leading to a subsequent surge in the construction of new infrastructure and the refurbishment of existing structures across both developed and emerging economies. The ongoing deployment of mobile cranes in diverse applications, including power projects, building construction, hydropower projects, aircraft manufacturing, automotive, mining, and more, is anticipated to be a significant driver for the demand for mobile cranes in the coming years.
The versatility and adaptability of mobile cranes make them indispensable across various industries and verticals. As the global focus on infrastructure development intensifies, mobile cranes play a pivotal role in facilitating efficient and precise lifting operations in diverse applications. The market's trajectory not only reflects the evolving needs of industries but also highlights the essential role of mobile cranes in advancing construction and industrial projects.
Beyond the numerical values, the Mobile Crane Market Demand signifies a transformative journey towards a future where infrastructure development is paramount. As the demand for efficient lifting solutions continues to rise, mobile cranes position themselves as integral components in meeting the challenges of diverse industries. The forecasted growth not only reflects market expansion but also the industry's commitment to providing innovative and reliable lifting solutions for the evolving needs of modern construction and industrial projects.
Key Players
The major key players are 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, Zoomlion Heavy Industry Science & Technology Co.Ltd., Xuzhou Construction Machinery Group Co., Ltd. and Other Players
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KEY MARKET SEGMENTATION
- Basis of Product Type
- Truck Mounted Crane
- Trailer Mounted Crane
- Crawler Crane
- Basis of application
- Construction
- Industrial
- Utility
Opportunities
- The commercial and residential building industries are increasingly demanding infrastructural advancements.
- Urbanization is growing, and smart cities are being introduced.
Driving Factors
- GPS technology adoption.
- Emphasis on infrastructure improvements.
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Table of Contents
- Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
- Research Methodology
- Market Dynamics
- Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
- Value Chain Analysis
Continue...
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