openPR Logo
Press release

Mobile and Tower Cranes Market: Rising Construction Activities Worldwide Boost Growth

Mobile and Tower Cranes Market: Rising Construction Activities

Competition witnessed in the global mobile and tower cranes market is forecast to intensify further in the coming years. The rising focus of manufacturers to expand their footprint on the back of technological advancements and the increasing demand for eco-friendly tower cranes will enable the market gain momentum, finds Transparency Market Research (TMR) in a new study. “Tower cranes usually come with a high price tag, which could have adverse impact on a company’s growth targets. Several market players therefore offer rental services to customers who are not willing to spend on expensive tower cranes,” said a lead TMR analyst. “As companies offer lucrative lease offers to gain traction, competition prevailing in the global mobile and tower cranes market is expected to get fiercer in the coming years,” he added. Amidst the prevailing competitive trends, companies such as FAVELLE, ELMAK, Kobelco Cranes Global Ltd, Hyva Cranes, Sany Heavy Industry Co., Ltd, and YONGMAO among others have stronghold in the global mobile and tower crane market.

Obtain Report Details @https://www.transparencymarketresearch.com/mobile-tower-cranes-market.html

According to TMR, the market is poised to surge at a moderate 3.5% CAGR between 2017 and 2025, reaching US$31.24 bn by the end of 2025. At the start of the forecast period, the global mobile and tower cranes market was valued at US$23.68 bn. Based on application, construction activities accounted for the leading market share of 37.2% in 2016. Considering this, the rising demand for advanced infrastructure will boost scope for the market’s expansion in the near future.

Regionally, Asia Pacific emerged dominant in the global mobile and tower cranes market in 2016. Surging migration to urban areas within the region, coupled with the increasing population will create an environment conducive to the mobile and tower crane market’s growth in Asia Pacific. Besides this, the market is also expected to witness lucrative opportunities in North America and the Middle East and Africa.

Expenditure on Infrastructural Development to Help Market Grow

In the forthcoming years, the global mobile and tower cranes market is slated to witness strong growth. Urbanization witnessed across the world is one of the chief drivers of the market. In response to this, the demand for infrastructural development is on rise, which subsequently fuels the demand for mobile cranes due to their high load lifting capacities. Furthermore, stringent regulations with regards to timelines of completing a construction projects, coupled with the increasing number of projects itself has paved way for the penetration of equipment worldwide. This is one of the trends enabling the market buoy its growth rate.

Advent of Technologically Advanced Cranes to Boost Market

Besides the aforementioned factors, upcoming trends such as the rising demand for fuel-efficient tower cranes with advanced systems will bode well for the global mobile and tower cranes market. To capitalize on the prevailing opportunities, manufacturers are coming up with more fuel-efficient and cost-effective tower cranes, which offer a high level of safety. As construction companies from around the world are inclined toward fuel-efficient equipment, which the global mobile and tower cranes market is significantly benefitting from. Against this backdrop, stringent government policies aimed at curbing carbon emissions are also expected to spur the demand for tower cranes over the course of the forecast period.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mobile and Tower Cranes Market: Rising Construction Activities Worldwide Boost Growth here

News-ID: 834337 • Views: 139

More Releases from Transparency Market Research

Global Genome Engineering Market: Business Growth, Development Factors, Applicat …
TMR’s report on the global genome engineering market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global genome engineering market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth
Sintering Process Market Growth Trends, Current Demand, and Development Report
Global Sintering Process Market: Snapshot The global sintering process market is prophesied to gain largely from the competent flourish of powder metallurgy and its applications in a range of industries. Power metallurgy-based process routes incorporating hot isostatic pressing (HIP) and exceptionally good properties are mainly employed in land-based and aero-engine gas turbine applications. Titanium powder metallurgy gathers a growing interest in the airframe industry for weight reduction in replacement steel parts
Medical Textiles Market Report Analysis: Emerging Trends, Business Growth Opport …
Global Medical Textiles Market: Snapshot The global medical textiles market is growing on the back of plethora of reasons. The government bodies of many worldwide countries have introduced diverse stringent regulations that compel the use of medical textiles. At the same time, these government organizations are offering financial support for non-implantable goods. These factors are working as key drivers for the development of the global medical textiles market. An upcoming research report
Anti-Hypertensive Drugs Market Industry Analysis Size, Share, Trend, Business Op …
Global Anti-Hypertensive Drugs Market: Overview Hypertension is a chronic medical condition in which the arterial blood pressure is elevated to an undesired level. Also referred to as arterial hypertension or high blood pressure in generic terms, the condition is measured in terms of systolic and diastolic pressure. At rest blood pressure level is in the range of 120-140 mm Hg systolic and 60-90mm Hg diastolic. Hypertension arises when it is persistently

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
TMR - Electrical Submersible Pumps Market by 2022
A large number of prominent enterprises with strong brands currently represent the majority in the global electrical submersible pumps (ESPs) market. This provides the market with a highly competitive vendor landscape. According to Transparency Market Research (TMR), the top four companies operating in the market, comprising Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil & Gas, held over 86% of the global ESP market in 2013. In
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the