Global Mobile Crane Market By Application (Construction, Mining & Excavation, Marine & Offshore, Industrial Application ) Forecast 2027

Mobile cranes are powerful equipment’s which can lift weights of up to few hundred tons. Mobile cranes are used in various applications such as in building constructions, mining, automotive, aircraft, hydro projects, and manufacturing. Compactness and ease of accessibility in small construction are major advantages of mobile crane.

The rise in residential and commercial construction in developing countries is expected to drive the global mobile crane market growth. Furthermore, increase in support and initiatives to reduce carbon emission from vehicles and improve road safety are expected to further propel the global mobile crane market growth. Also, increase in work opportunities and ease of lifestyle in urban cities are attracting people from small villages to cities every year which is expected to rapid urbanization across the world. This is expected to increase in urban population which has created an unexpected deficit of residential houses in cities. Thus, governments and private contractors are investing high amounts on constructions like schools, buildings, and hospitals. This rise in demand for infrastructure will support the market growth during this forecast timeline.

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Increase in investments in developing countries of APAC region expected to drive the global mobile crane market growth. Several developing countries in APAC region Coupled with rapidly increase in population and significant investment and funding by government of various countries for infrastructure development which is expected to boost the demand for mobile cranes market.

The limited weight-lifting capacity and low reach of mobile cranes are major restraints which are expected to hinder the global mobile crane market growth. In addition to that, increase in COVID- 19 pandemic across the world will affect the market growth. Due to COVID -19 major countries such as U.S, Italy, U.K, and other countries prolonged lockdowns which is expected to hamper the global mobile crane market growth over the forecast period.

Market Segmentation

Global Mobile Crane Market is segmented into type such as Wheel-Mounted Mobile Crane, Commercial Truck-Mounted Crane, Railroad Crane, and Others. Further, market is segmented into application such as Construction, Mining & Excavation, Marine & Offshore, Industrial Application, and Others.
Also, Global Mobile Crane Market is segmented five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market key Players

Various key players are listed in this report such as Altec, Inc, SANY Global, Manitowoc Company, Inc, Tadano, Inc, Terex Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd, Kobelco Construction Machinery Co., Ltd, Liebherr-International AG, and Cargotec Corporation.

Market Taxonomy

By Type

• Wheel-Mounted Mobile Crane
• Commercial Truck-Mounted Crane
• Railroad Crane
• Others

By Application

• Construction
• Mining & Excavation
• Marine & Offshore
• Industrial Application
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Vishal Thakur
Research Support Specialist
QualiKet Research
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This release was published on openPR.