Press release
Mobile Crane Market to Witness Comprehensive Growth Rate of 4% by 2023
Market Highlight:
Mobile crane refers to a lifting device, which is incorporated of a cable controlled crane mounted on a rubber tired carrier comprising of a telescopic boom. It is being designed to facilitate easy transportation between various operating locations by road. The mobile crane market is majorly driven by the increasing focus on the infrastructural developments. Power distribution is also largely contributing to the growth of the market as it is being extensively used during the construction and maintenance activities required during the process of power distribution. The adoption of GPS technology by the equipment holders have ensured operational efficiency and profitability. Therefore, the adoption of telematics is expected to contribute to the growth of the mobile crane market.
The mobile crane market is expected to grow over the CAGR of around 4% during the period 2017 to 2023.
Market Segmentation:
• By Product; Wheeled Mobile Cranes, Crawler Cranes
• By Application; Construction, Industries, Shipbuilding, Building Cars
• By Region
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Key Players
The key players of mobile crane market are
• Liebherr Group (switzerland)
• XCMG Group (China)
• Manitowoc Company Inc. (U.S.)
• Tadano Ltd. (Japan)
• Terex Corporation (U.S.)
• Palfinger AG (Austria)
• Sany Group Co. Ltd (China)
• Zoomlion Co. Ltd. (China)
• Kato-works Co. Ltd. (Japan)
• Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd (Japan)
• LiuGong Machinery Co. Ltd. (China)
Intended Audience
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
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Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Mobile Crane Market, By Application
5. Global Mobile Crane Market, By Product
6. Regional Market Analysis
7. Competitive Analysis
Regional Analysis
Asia-Pacific region is expected to grow rapidly in the mobile crane market, owing to factors such as the increasing demand for innovations in the infrastructure by the commercial and residential construction industries. The other factors driving the growth of the market are the political stability in the region and the booming construction industry in the region. The increasing urbanization and the introduction of smart cities in the region are also contributing to the growth of the mobile crane market.
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Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
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Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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