Wheeled Crane Market: Major Trends Reshaping the Future of the Industry

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How Large Will the Wheeled Crane Market Size By 2025?
The market for wheeled cranes has been experiencing robust growth in recent times. It is projected that the market worth will enhance from $16.03 billion in 2024 to reach $17.14 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%. The historical growth spurt can be tied to a surge in demand for wheeled cranes in the realm of railway and metro infrastructure projects, augmented construction activities in hard-to-reach and distant locations, a growing application of wheeled cranes in setting up and servicing wind turbines, an increased call for equipment upgrading in old industrial facilities, as well as a heightened usage of wheeled cranes in defense and military logistics.

How Big Is the Wheeled Crane Market Size Expected to Grow by 2029?
Strong expansion is anticipated in the wheeled crane market in the coming years, with projections suggesting a growth to a $22.11 billion value by 2029, at a compound annual growth rate (CAGR) of 6.6%. This growth during the projected period is expected to be driven by factors including the rising demand for advanced lifting mechanisms in infrastructure development, the growing implementation of automation and intelligent control systems in cranes, heightened investments in renewable energy projects necessitating heavy lifting, an increased preference for mobile cranes in city-based construction, and a rising need for efficient logistics and port handling solutions. Foreseen trends during this period include advancements in crane automation and control technologies, the development of environment-friendly and electric models of wheeled cranes, the integration of telematics and global positioning system (GPS) tracking systems, improvements in modular crane design for versatile use, and innovative improvements in load management and safety systems.

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Which Key Market Drivers Powering Wheeled Crane Market Expansion and Growth?
The growth of the market is being propelled by the escalating demand for construction activities, a result of urbanization and an upsurge in infrastructure development.

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What Are the Key Trends Driving Wheeled Crane Market Growth?
In an effort to boost load capacity, enhance agility, and improve overall operational proficiency in various construction and industrial spheres, prominent companies in the wheeled crane sector are concentrating on the creation of superior products like 6-axle cranes. These cranes, which are heavy-duty mobile cranes positioned on a chassis with six axles, are engineered to offer greater load capacity, stability, and mobility for substantial lifting tasks. For instance, Liebherr-International AG, a construction and lift equipment manufacturing firm based in Germany, unveiled the LTM 1400-6.1, a potent 6-axle crane, in June 2024. This crane is equipped with a 70-meter telescopic boom and an innovative Y-guying system for amplified lifting capacity. It also features VarioBallast for tailoring the counterweight radius, VarioBase for flexible support positioning, and cutting-edge driver assistance systems to heighten operational safety. These systems aid operators by providing real-time monitoring, load management, and improved maneuverability which leads to minimizing human mistakes and boosting job site productivity.

What Are the Emerging Segments in the Wheeled Crane Market?
The wheeled crane market covered in this report is segmented

1) By Type: Cross Country Crane, All Road Crane
2) By Load Capacity: Light Duty (Up To 10 Tons), Medium Duty (10 To 50 Tons), Heavy Duty (50 To 100 tons), Very Heavy Duty (Above 100 Tons)
3) By Propulsion: Engine Powered, Electric Powered, Hybrid Powered
4) By Application: Construction, Manufacturing, Shipping And Logistics, Utilities And Energy, Mining
5) By End-User Industry: Infrastructure, Oil And Gas, Aerospace, Telecommunications, Construction Equipment Rental

Subsegments:
1) By Cross Country Crane: Rough Terrain Wheeled Crane, Pick And Carry Crane, Military Wheeled Crane
2) By All Road Crane: Single Engine All Terrain Crane, Dual Engine All Terrain Crane, Compact All Terrain Crane

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Who Are the Global Leaders in the Wheeled Crane Market?
Major companies operating in the wheeled crane market are Liebherr International AG, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Ter*ex Corporation, Konecranes plc, Palfinger AG, The Manitowoc Company Inc., Tadano Ltd., SANY Group Co. Ltd., Altec Industries Inc., Kato Works Co. Ltd., Link-Belt Cranes L.P., Action Construction Equipment Ltd., Broderson Manufacturing Corp., Böcker Maschinenwerke GmbH, Elliott Equipment Company, Kobelco Construction Machinery Co. Ltd., Yutong Heavy Industries Co., Ltd., Furukawa Unic Corporation, Shandong Wolwa Industrial Limited Company.

Which are the Top Profitable Regional Markets for the Wheeled Crane Industry?
Asia-Pacific was the largest region in the wheeled crane market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in wheeled crane report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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