Press release
What’s Driving the Truck Loader Crane Market Trends? Liebherr Group, Manitex Inc., Palfinger, Terex Corporation, XCMG Group
Truck Loader Crane Market
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Truck Loader Crane Market is expected to exceed USD 2.5 billion by 2025.
Big-duty cranes are gaining steady growth in the truck loader crane market owing to the usage in high weight lifting & handling operations in construction, mining, and energy applications. These machines are mainly utilized by construction companies for loading & unloading of heavy construction materials, transportation of light machines, etc., to eliminate the human interference and provide increased safety in such operations. Rising construction projects and infrastructure transformation activities across the globe are creating high demand for these The rapid evolution of energy, construction, and telecommunication sectors across the globe is supporting the high consumption of loader cranes. The demand is attributed to efficient machine features and technical innovations such as remote controllability, operation handling through mobiles, etc.
Truck Loader Crane Market Growth Drivers: -
1. Increasing infrastructure investments globally
2. Several government construction projects in Europe and North America
3. Increasing 3PL businesses in Europe and the U.S.
4. Rapidly developing construction sector in China and India
5. Increased logistics and bulk transportation facilities in China
6. Proliferation of the Brazilian construction sector
7. Growing equipment rental demand in Europe and China
8. Rising demand from energy sector in MEA
Several machine manufacturers are developing heavy lifting products with reduced structural dimensions and increased elasticity of the operational radii. These product innovations and the provision of heavy application-specific machines are compelling end users to deploy them as compared to conventional lifting methods, further driving truck loader crane market growth.
The Brazilian construction industry has faced a slowdown in the past after the economic recession and deteriorated business environment. The industry witnessed weaker infrastructure investments & reduced construction activities. However, the industry is now in its recovery phase and is expecting several construction projects along with FDIs.
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Truck Loader Crane Market, By End-Use: -
1. Construction
2. Rental
3. Mining
4. Oil & gas
5. Energy
Several loader crane manufacturers including Hiab, Tadano, etc., are expanding their presence in Brazil by acquiring local players and establishing crane manufacturing units. Brazilian customers are steadily utilizing construction machinery and cranes owing to high product prices and price-consciousness in the region. These factors along with improved economic conditions in Brazil are the major drivers for truck loader crane market growth.
Major manufacturers are expanding business operations to other regions for capturing significant market shares and gaining a competitive edge. Several loader crane manufacturers including Hiab, Tadano, etc., are expanding their presence in Brazil by acquiring local players and establishing crane manufacturing units.
Prominent players operating in the truck loader crane market include: -
Auto Crane, C.P.S. Group S.p.A., EFFER S.p.A., F.lli Ferrari, Fassi, Hiab, HMF, Hyva Crane, Iowa Mold Tooling Co., Inc., Jomac, Liebherr Group, Manitex Inc., Manitowoc, Palfinger AG, PM Group S.p.A., Sany Group, Tadano Ltd., Terex Corporation, XCMG Group
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