Truck Loader Crane Market to Cross US$ 3.67 Bn Revenues between 2018 and 2026

Truck Loader Crane Market 2022

The global Truck Loader Crane Market is estimated to be pegged at around US$ 3.67 billion in 2026 and is expected to register a CAGR of 4.6% over the forecast period (2018-2026). The growth of this market can be attributed to the increasing demand for loader cranes from end-use industries such as construction, marine, and mining. However, the high cost of these cranes may restrain the market growth to some extent.

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While construction and industrial activities continue to flourish, manufacturers are increasingly becoming aware of benefits associated with loader crane in terms of efficient loading, unloading, and goods transferring operations, without the intervention of an additional equipment. Moreover, the versatility and flexibility of loader crane, makes it a preferred choice for many end user industries such as construction, forestry, agriculture, oil and gas, manufacturing industry, transport and logistics, and waste management.

Persistence Market Research (PMR) projects that increasing demand from construction, logistics and, building activities will continue to create an overall positive growth scenario for the Truck loader crane market in the near future. PMR, in its recently released intelligence, forecasts steady growth for the loader crane market over the next eight years.

Key Companies-

• PALFINGER AG
• Cargotec (Hiab)
• Fassi Gru S.p.A.
• ATLAS Group
• Tadano Ltd.
• Cormach S.r.l.
• PM Group S.p.A.
• XCMG
• Next Hydraulics s.r.l.
• Hyva Group
• Prangl GmbH

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The global loader crane market is segmented on the basis of lifting moment, boom length, platform, end user and region.

On the basis of lifting moment, the global loader crane market is segmented into upto 50 kNm, 51 to 150 kNm , 151 to 250 kNm, 251 to 400 kNm, 401 to 600 kNm and above 600 kNm .

On the basis of boom length, the global loader crane market is segmented into less than 11m, 11 to 20m and more than 20 m.

On the basis of platform, the global loader crane market is segmented into light commercial vehicles, intermediate commercial vehicles, heavy commercial vehicles and others.

Since, lifting limitations associated with conventional cranes including lifting capacity, poor driving comfort, and difficulty in steering maneuverability looms large, high capacity lifting offered by loader crane, will drive the adoption in the coming years. Additionally, since government support through loans, increased foreign direct investment (FDI), and investments and subsidies is increasing, urban infrastructural projects are gathering pace, especially in Asian countries, further driving the demand for loader cranes.

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Key Questions Answered in Truck Loader Crane Market Report -

• Who are the Major Manufacturers and Suppliers of Truck Loader Crane?
• What will the Truck Loader Crane Market growth rate in Future?
• What are the key factors driving the global Truck Loader Crane Market?
• Who are the key manufacturers in Truck Loader Crane Market space?
• What are the opportunities and threats faced by the vendors in the global Truck Loader Crane industry?
• What are sales, revenue, and price analysis by regions of Truck Loader Crane industry?

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This release was published on openPR.