Mobile Cranes Market Size US$ 29.51 Billion By 2031 | Lifting Capacity, Types, and Liebherr's Latest Models

Global Mobile Cranes Market reached US$ 17.73 billion in 2023 and is expected to reach US$ 29.51 billion by 2031, growing with a CAGR of 6.6% during the forecast period 2024-2031.

The Mobile Crane Market report, released by DataM Intelligence, offers comprehensive insights and thorough analysis of major market trends, growth prospects, and emerging challenges. With a strong focus on actionable intelligence, DataM Intelligence equips businesses with the knowledge needed to make strategic decisions and maintain a competitive advantage. Utilizing a blend of qualitative and quantitative research methodologies, the firm delivers in-depth reports that support clients in understanding complex market dynamics, fostering strategic development, and capturing new opportunities in today's rapidly changing global environment.

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Evolving Market Forces and Opportunities:

A mobile crane is a versatile, movable lifting machine equipped with a telescopic boom or lattice boom mounted on mobile platforms such as wheels or tracks. It is used in construction, manufacturing, and heavy equipment lifting, providing flexibility and rapid setup compared to fixed cranes.

Key Industry Players Driving the Mobile Crane Market:

Action Construction Equipment Ltd., Bauer Group, Caterpillar, Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Konecranes, Liebherr-International AG, Sany Heavy Industry Co., Ltd., XCMG Construction Machinery Co., Ltd. and Zoomlion Heavy Industry Science and Technology Co., Ltd.

Industry Development:

In June 2024, Germany-based Liebherr unveiled the LTM 1400-6.1, a six-axle mobile crane, during its Customer Days event in Berg-Ehingen. This advanced model boasts a 400-ton lifting capacity, a 70-meter boom, and an innovative Y-guy system for simplified setup. As an upgrade to the LTM 1350-6.1, the new crane highlights Liebherr's commitment to enhancing performance, lifting efficiency, and mobility in crane technology.

Earlier, in December 2023, Liebherr broadened its mobile crane lineup with the introduction of the LG 1800-1.0. Designed to merge the flexibility of a mobile crane with the heavy-duty capabilities of a crawler crane, the LG 1800-1.0 can lift up to 800 tons. Featuring a low axle load of just 10 tons, this model is road legal globally, making it highly adaptable across diverse international markets.

Research Methodology:

Both primary and secondary data sources have been used in the global Mobile Crane Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Mobile Crane Market:

By Product: Truck-Mounted Cranes, Trailer-Mounted Cranes, Crawler Cranes, Others

By Capacity: Up to 10 Tons, 10-50 Tons, 50-100 Tons, More than 100 Tons

By Propulsion: Internal Combustion Engine (ICE) Cranes, Electric

By End-User: Construction, Mining and Excavation, Marine and Offshore, Industrial Applications, Others

Regional Overview for Mobile Crane Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Mobile Crane market?

➠ Who are the leading manufacturers in the global Mobile Crane industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Mobile Crane industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Mobile Crane market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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