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Mobile Cranes Market Analysis 2023: Trends, Growth, Demand And Forecast To 2032 | Kobelco Construction Machinery Company Limited, Palfinger AG, Bauer AG, SANY Group, Zoomlion Heavy Industries Science and Technology Company Limited
Mobile Cranes Market
The Business Research Company's Mobile Cranes Global Market Report 2023 identifies Government initiatives for construction activities as the major driver for the Mobile Cranes market's growth in the forecast period. Various governments across the world are encouraging construction to improve the infrastructure. Construction of buildings and the installation of huge equipment both frequently use mobile cranes. For instance, in January 2021, the Saudi Arabian government unveiled plans for a 100-mile belt of walkable, zero-energy communities. The 100-mile (170-kilometer) megacity, which it refers to as "city modules," will connect Saudi Arabia's northwestern region with the Red Sea coast.
The global mobile cranes market size is expected to grow from $14.75 billion in 2022 to $15.62 billion in 2023, at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mobile cranes market size is expected to grow to $19.30 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the Mobile Cranes market are Kobelco Construction Machinery Company Limited, Palfinger AG, Bauer AG, SANY Group, Zoomlion Heavy Industries Science and Technology Company Limited.
A key trend in the Mobile Cranes market includes technological advancements. Major companies operating in the mobile cranes market are adopting new technological solutions to sustain their position. For instance, in May 2021, Tere*x Corporation, a US-based manufacturer of lifting and material-handling equipment, launched the T-Link Telematics platform. This platform can be fitted with Tere*x Rough Terrain Cranes, giving customers access to real-time data that can be used to control crane configuration information, crane status, alarms, crane position, and scheduled maintenance alerts, in addition to optimizing performance.
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https://www.thebusinessresearchcompany.com/report/mobile-cranes-global-market-report
The Mobile Cranes market is segmented -
1. By Product Type: Truck Mounted Crane, Trailer Mounted Crane, Crawler Crane.
2. By Terrain Type: On road, Rough Terrain, All Terrain
3. By Application Type: Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil, and Gas/Energy
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mobile Cranes market.
The Business Research Company's "Global Mobile Cranes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Mobile Cranes Market Include:
1. Executive Summary
2. Mobile Cranes Market Characteristics
3. Mobile Cranes Market Trends And Strategies
4. Mobile Cranes Market - Macro Economic Scenario
5. Mobile Cranes Market Size And Growth
……
26. Africa Mobile Cranes Market
27. Mobile Cranes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mobile Cranes Market
29. Mobile Cranes Market Future Outlook and Potential Analysis
30. Appendix
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