Rough Terrain Cranes Market Poised to Expand at 5.3% CAGR During 2016–2026
The overall long-term outlook on the growth of MEA market for rough terrain cranes remains optimistic, with the market projected to grow at a promising CAGR of 5.6% through 2026. Over the assessment period, MEA market for rough terrain cranes will gain nearly 100 BPS, reaching a market size of over US$ 231 Mn by 2026 end. GCC countries currently account for a significant share of the MEA market – this will remain the trend throughout the forecast period. The next largest markets include South Africa, Israel, and Turkey, which is anticipated to be closely followed by the rest of MEA.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-ma-2571
Key research findings strongly influencing the market growth
High initial capital and expensive maintenance continues to fuel preference for rental cranes over new crane sales.
Lucrative opportunities abound in the high lifting capacity cranes i.e. > 100T capacity segment.
Application in fracking pipe yards, transmission distribution lines, and tank firms will unlock new revenue generation opportunities.
Implementation of automation and advanced telematics are identified to be the top influential developments.
Focus on enhanced operator comfort and efficient fuel economy underpins introduction of new features in rough terrain cranes.
GCC will remain the largest market in rental as well as new sales of rough terrain cranes within MEA.
Maximum new sales will be registered in Turkey over 2016-2026.
African countries will account for significant demand owing to rapidly developing power generation and distribution infrastructure, and burgeoning mining activities.
The market has been segmented for in-depth analysis over 2016-2026, into MEA rough terrain cranes market – new sales and MEA rough terrain cranes market – rental. While market for rental rough terrain cranes is likely to witness a CAGR of 5.3% reaching a value worth US$ US$ 247.4 Mn in 2026, market for new sales of rough terrain cranes is expected to reach US$ 142.0 Mn by 2026-end, expanding at a healthy CAGR of 5.9% over the assessment period.
To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-ma-2571
MEA Rough Terrain Cranes Market - Rental
Future Market Insights expects this market to reach US$ 248 Mn in 2026.
On the basis of lifting capacity, the highest growth will be observed in > 100 tonnes capacity segment.
50-75T capacity segment will continue to dominate the market throughout the forecast period.
75-100T capacity segment will possibly exceed revenues of US$ 68 Mn in 2026, accounting for more than 27% share of the entire market revenues at the end of forecast period.
By boom length, 25-35 metre segment is projected to remain dominant with a major revenue share contribution of over 43% in 2026. Despite a relatively lower CAGR over 2016-2026, this segment will be evaluated at around US$ 107 Mn in 2026.
35-50 metre segment will retain the second largest segment position with estimated revenue sales worth US$ 80 Mn in 2026, capturing over 31% share of the market value. This segment is expected to demonstrate the fastest growth at a CAGR of 5.6%.
Based on country, GCC will continue its monopoly with over 60% value share by the end of forecast period, eventually approaching US$ 150 Mn by 2026 end.
South Africa and Israel will be the next largest markets, whereas the rest of MEA and Turkey will witness higher growth rates of over 7%.
MEA Rough Terrain Cranes Market – New Sales
This market, according to Future Market Insights, will account for the revenues of nearly US$ 142 Mn by 2026-end.
By lifting capacity, 50-75T capacity segment is projected to attract the maximum revenues.
75-100T capacity segment is likely to account for over 28% market value share in 2026.
> 100T capacity segment is predicted to witness the highest CAGR resulting in almost exponential growth in sales revenues over 2016-2026.
In terms of boom length, 25-35 metre segment will continue to dominate through 2026, accounting for more than 43% value share.
> 50 metre segment will be the fastest growing segment, exhibiting an impressive CAGR of 6.7%, resulting into twofold growth of the market over 2016-2026.
Country-wise, GCC will retain dominance, followed by South Africa. While the former is foreseen to attract over US$ 81 Mn in terms of 2026 revenues, the latter will reach over US$ 20 Mn in 2026.
GCC reaffirms the leading position with around 58% value share in 2026, whereas the rest of MEA, North Africa, and Turkey are expected to witness higher CAGRs over the assessment period.
Among the leading players in the MEA rough terrain cranes market, Terex Corporation is identified to hold the most prominent share of over 21% in terms of new sales. Other leading companies include The Manitowoc Company, Inc., Tadano Ltd., Zoomlion Heavy Industry Science And Technology Co., Ltd., Liebherr Group, Xuzhou Construction Machinery Group Co., Ltd., Sany Heavy Industry Co., Ltd., and KATO WORKS CO., LTD.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 Rough Terrain Cranes Market Poised to Expand at 5.3% CAGR During 2016–2026 here
News-ID: 954858 • Views: 89
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for MEA
MEA Enterprise Software Market- Identify Key Business Opportunities 2020
Enterprise software or enterprise application software (EAS) is an application software used by organizations to conduct their line-of-business operations, such as planning, human resources, inventory/materials management, business intelligence, purchasing, manufacturing, finance& accounting, customer relationship management, marketing, sales&services etc.Enterprise applications are usually designed to integrate or interface with other enterprise applications used within the organization and are deployedin on-premise data centres or across a variety of networks by a specialized IT
Technetium-99m Market: Strong Growth Expected In Its MEA Business
Some of the leading companies operating in the Middle East and Africa technetium-99m market are General Electric Company, Sumitomo Heavy Industries, Ltd., Siemens Healthineers, Advanced Cyclotron Systems, Inc., and IBA. Transparency Market Research finds that most companies in this avenue are focused on presenting a diverse and technologically advanced product portfolio to maintain a strong foothold in the technetium-99m market. Establishing a strong distribution channel and making the most of
MEA Vacuum Pumps Market to Exhibit 11.10% CAGR By 2025
The Middle East and Africa vacuum pumps market is progressing at a CAGR of 11.10% between 2015 and 2025. The market was valued at US$199.5 mn at the end of 2014, according to data derived from a research report released by Transparency Market Research. The report is titled “Vacuum Pumps Market - MEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2025” and is available for sale on
Mea Vacuum Pumps Market : Key Players and Production Information analysis
Vacuum technology and processes make it possible to replace processes that impact and harm the environment with others protecting the environment. Vacuum technology includes vacuum pumps and vacuum components such as the measuring devices and leak detectors deployed in many industrial applications. These applications include vacuum packaging of food, evacuation and environment-friendly charging of refrigerators and air conditioners, production of ultrapure high-strength metals, evacuation of lamps and CRT’s, manufacture of
MEA Cloud Integration Market Analysis, Forecast, and Assessment
Cloud integration also known as IPaaS (integration platform as a service) is a process in which multiple application programs (such as ERM, CRM, business process management, DBMS, e-mail, web-conferencing etc.) and data are configured together in order to communicate with each other via cloud bases services. Cloud integration service is especially designed to help an enterprise to understand the availability of various cloud services and how these services can be
MEA Technetium-99m Market 2024; Hospitals Most Preferred Settings for Medical Im …
Technetium-99m Market: Snapshot The technetium-99m market in the Middle East and Africa is expected to witness moderate growth during the forecast period from 2016 to 2026. The high installed base of gamma cameras in various countries in the Middle East, better product availability in hospitals, and a gradual rise in awareness about cancer in the region are the key factors contributing toward the growth of the technetium-99m market in the