Truck-Mounted Crane Market Advancements, Opportunities, and Future Outlook By 2030

A truck-mounted crane, also known as a mobile crane or a crane truck, is a type of crane that is mounted on a truck chassis. It combines the mobility and versatility of a truck with the lifting capabilities of a crane. The crane is typically mounted on the rear of the truck, although different configurations are possible depending on the specific design.

A truck-mounted crane is a machine that lifts and transports big loads, machinery, materials, and commodities for a number of applications. It is utilized in a variety of fields, including construction, manufacturing, shipbuilding, and material loading. A hydraulic crane installed on a commercial vehicle chassis is referred to as a boom truck. Although the majority of these boom trucks have straight, telescopic booms, the firm also offers articulated cranes that fall within the boom truck category.

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According to AMR, The global truck-mounted crane market size was valued at $10,815.8 million in 2020, and is projected to reach $19,409.7 million by 2030, registering a CAGR of 5.7% from 2021 to 2030.

Crane demand has been steadily increasing across the world, owing to its unique capacity to lift and carry extremely large objects that are beyond the reach of manual labor. Cranes have been developed with technology that allows them to efficiently meet a variety of industrial demands, including complicated lifting and lowering operations in hazardous settings. Cranes may work in very dusty, smoky environments, especially those with harsh weather. Cranes can also be used in a variety of ways. They are employed not only in construction, but also in mining, oil fields, products and freight transportation, warehousing and logistics activities, and so on.

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Top Players:
Key companies profiled in the truck-mounted crane market report include 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.

It's important to note that specific features and capabilities may vary depending on the manufacturer and model of the truck-mounted crane. These cranes are commonly used in construction sites, industrial settings, and other locations where heavy lifting is required.

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