Mobile crane is a lifting device used primarily in construction. The cable-controlled crane is mounted on a rubber-tired carrier and it comprises a telescopic boom. The report about the global mobile crane market released by Market Research Future (MRFR) envisions expansion for this market at 4% CAGR between 2017 and 2023.
By monitoring the market structure, this report mensurates the future growth potential of the market. It chalks the strategies of major market players and aids the competitive developments like new product developments, research & development (R&D), mergers & acquisitions, and joint ventures in the market.
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The greatest factor driving the global mobile crane market growth is increasing focus on infrastructural developments. The second factor helping the market growth include power distribution as construction, as well as, maintenance activities require the use of power. Other factors ensuring profitability for global mobile crane market include the adoption of a global positioning system (GPS) technology by the equipment holders, subsequent operational efficiency, and adoption of telematics.
Key Players
Major players in the Global Mobile Crane Market include Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd (Japan), Kato-works Co. Ltd. (Japan), Liebherr Group (Switzerland), LiuGong Machinery Co., Ltd. (China), Manitowoc Company Inc. (USA), Palfinger AG (Austria), Sany Group Co. Ltd (China), Tadano Ltd. (Japan), Terex Corporation (USA), XCMG Group (China), and Zoomlion Co. Ltd. (China).
Latest Industry News
In Sudan, camel traders are using mobile cranes to move camels onto trucks after they have been sold at daily market in Sudan. Camel traders are readily investing in mobile cranes as camel market is huge in Sudan. The demand for camel meat as well as camel race is always high and generates a lot of money. 13 JUL 2019
Leading international provider of cranes and specialized industrial equipment Manitex International Inc. has launched the newest model called TC600 in its TC-series lineup. The new model features a base rating of 60 tons and a maximum main boom height of 141 feet. The height can go maximum up to 194-foot maximum height when the mobile crane is equipped with an optional jib. 8 JUL 2019
Market Segmentation
The global mobile crane market segmentation covers alloy application and product. MRFR is exploring the features of these segments to understand market trends.
The application-based segmentation of this market covers building cars, construction, industries, shipbuilding, and others.
Based on product, the market has been segmented into crawled cranes, wheeled mobile cranes, and others.
Regional Segmentation
The regional segmentation of the global mobile crane market covers Asia Pacific, North America, Europe, and Rest of the World (RoW).
During the forecast period, the Asia Pacific region can appear as the fastest growing regional market due to the rising demand for infrastructure-related innovations by the commercial construction industry and residential construction industry. Other factors driving the market growth include the booming construction industry, increasing urbanization, the introduction of smart cities, and political stability in the region. Most important economies in this region that can be major markets are China and India as both countries have a high density of population and growing industries. Japan can be another important country-specific market due to technological advancement. Key market players operating in this region are based in China and Japan.
North America is another important market due to the presence of many key market players in the USA. In this region, the market is growing slowly but steadily as most cities in this region have advanced infrastructure. After USA, Canada is the most important country-specific market in this region.
In Europe, the market is growing primarily due to reasons that are same as North America. However, Europe has more population than North America, and all countries in Europe are not as advanced as the USA. Country-specific markets of substance in this region are France, Germany, and the UK.
In the RoW segment, there are countries in South America, Africa, and the Middle East that have poor infrastructure. Therefore, in these regions, there can be many countries where demand for construction equipment and necessary maintenance can be high.
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Scope of Report
The report for mobile crane market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of mobile crane Market
List of Tables
Table 1 Global Mobile Crane Market, by Application Table 2 Global Mobile Crane Market, by Product Table 3 Global Mobile Crane Market, by Regions Table 4 North America Mobile Crane Market, by Country Table 5 North America Mobile Crane Market, by Application Table 6 North America Mobile Crane Market, by Product Table 7 U.s. Mobile Crane Market, by Application Table 8 U.s. Mobile Crane Market, by Product Table 9 Canada Mobile Crane Market, by Application Table 10 Canada Mobile Crane Market, by Product
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List of Figures
Figure 1 Research Type Figure 2 Global Mobile Crane Market: by Application (%) Figure 3 Global Mobile Crane Market: by Product (%) Figure 4 Global Mobile Crane Market: by Region Figure 5 North America Mobile Crane Market, by Application (%) Figure 6 North America Mobile Crane Market, by Product (%) Figure 7 Europe Mobile Crane Market, by Application (%) Figure 8 Europe Mobile Crane Market, by Product (%) Figure 9 Asia-pacific Mobile Crane Market, by Application (%) Figure 10 Asia-pacific Mobile Crane Market, by Product (%)
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