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APAC Mobile Crane Market will rise at a CAGR of 10.06% from 2016 to 2020 : Expands with Infrastructural Development in Emerging Economies
A market study, titled “Mobile Crane Market in APAC 2016-2020,” has been featured on MarketResearchReports.biz’s online repository of market intelligence. The market study delves into the vital facets that will mark the development of the APAC mobile crane market for the 2016-2020 period. According to the report, the APAC mobile crane market will rise at a CAGR of 10.06% from 2016 to 2020. The market in APAC is slated to display steadfast growth in comparison to the world’s other construction equipment markets.
The report provides answers to questions that are necessary to understand the market’s growth prospects during the forecast period. This includes market trends and market opportunities that will result in higher utilization of mobile cranes. Market size projections and the competitive hierarchy of the market by the end of 2020 are presented herein.
Mobile cranes are utilized for lifting and transporting various loads at construction sites. The equipment is mounted on a crawl carrier or a rubber tire and is powered either by internal combustion engines or electric motors.
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The report on the APAC mobile crane industry is prepared based on an extensive research phase and inputs received from industry experts. Data obtained and scrutinized is divided into chapters – each chapter discusses specific aspects of the market.
The report examines the vital indicators that are pertinent for understanding the market’s progression during the forecast period. The report says that the increase in infrastructural development is primarily driving the APAC mobile crane market. In this region, the emerging economies of China and India are exhibiting rapid development in industrial, commercial, and residential spaces. Progressive infrastructure to support this development is the reason for this. Mobile cranes are an essential construction equipment for process efficiency in construction projects.
However, the development of this market is challenged due to the unavailability of skilled labor. Personnel trained to handle and operate this equipment is limited, thereby limiting the use of this equipment. In present times, newer trends are coming to the fore that will be favorable for this market in the coming years. This includes the increasing number of crane rental services and added job security for trained personnel that prevents work disruptions due to lack of skilled labor.
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The report studies the APAC mobile crane market from a competitive viewpoint as well. Liebherr, XCMG, Sany, and Zoomlion are the top companies that operate in this industry. Each company is profiled for the attributes of business positioning, financial standing, and their SWOTs. According to the report, ACE Cranes, IHI Construction Machinery, Kobelco Cranes, Link Belt, Palfinger, Terex, Guangxi LiuGong Machinery, KATO Works, Kone Cranes, Manitowoc, Tadano, and UNIC are some other prominent companies in the APAC mobile crane market.
Finally, insights into the feasibility and profitability of new investments in the mobile crane industry in APAC is provided. This can be useful for existing market participants as well new entities interested in this market.
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