Mobile and Versatile: Truck Cranes Gain Popularity Across Construction and Transportation Industries

As per the study initiated by Evolve Business Intelligence, the global Truck Crane market size accounted for USD 10.90 Billion in 2022, growing at a CAGR of 6.14% from 2023 to 2033. A truck crane is a type of mobile crane mounted on a truck or a trailer, used for lifting and transporting heavy loads. It is equipped with an extendable boom, which can be raised or lowered using hydraulic or mechanical power, and often comes with a hook or other attachment for lifting objects. Truck cranes are commonly used in construction, transportation, and other industries that require the movement of heavy materials or equipment. They are often preferred over stationary cranes due to their mobility and versatility.
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Key Highlights:
• The global Truck Crane Market size was valued at USD 10,900.1 Million in 2022 growing at a CAGR of 6.14% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on the Global Truck Crane Market focusing on various aspects including market size and forecast, market dynamics, competitors' market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID-19 impact, the Truck Crane market report also includes the following data points:
• COVID-19 Impact on Truck Crane market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Truck Crane market
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Key Players
Some of the major Truck Crane players holding high market share include Action Construction Equipment (ACE) Ltd., Furukawa Unic Corporation, HYVA, and Kawasaki Heavy Industries, Ltd. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Action Construction Equipment (ACE) Ltd.
• Furukawa Unic Corporation
• HYVA
• Kawasaki Heavy Industries, Ltd.
• Liebherr-International AG
• KLUBB
• Palfinger AG
• Kobelco Construction Machinery Co., Ltd.
• Sany Group
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Truck Crane Market:
o Mounted Cranes
o Sidelift Crane
o Boom Truck Crane
o Others
Market Segment By Application with focus on market share, consumption trend, and growth rate of Truck Crane Market:
o Construction
o Industries
o Utilities
o Others
Parameters Details
Market Size (2022) USD 10.90 Billion
CAGR (2023 to 2033) 6.14%
Market Segmentation Type, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Truck Crane Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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