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(Wireless-NewsWire.Com, August 02, 2017 ) Mobile cranes are cable-controlled or hydraulic-powered cranes, mounted on a rubber-tired or crawler carrier. They are designed to lift and transport various types of loads. These cranes can be powered by electric motors or internal combustion engines.
The global mobile crane market is one of the fastest growing segments in the material handling equipment market as a result of increase in urban infrastructure and residential construction projects.
The market is driven by many growth factors, one of which is increased investment in development of smart cities. Growing population and migration of people to urban areas has led to an increase in demand for new cities with efficient transport infrastructure facilities, which has led to a significant rise in the number of urban infrastructure projects across the globe. This has escalated the demand for mobile cranes. Also, increased investments in power plant construction is another factor that will help the growth of the global mobile crane market.
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Further, fleet management services provided by mobile crane vendors is also triggering demand for cranes. Fleet management services enable procurement of real-time information pertaining to operation and fuel consumption of cranes, which helps improve productivity.
However, counterfeit equipment and unstable macroeconomic environment will pose a major challenge to crane manufacturers, and is likely to impact their profit margins.
Publisher's analysts forecast the global mobile crane market to grow at a CAGR of 6.92% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global mobile crane market for the period 2015-2019. The market size has been calculated based on total revenue generated from consumption of mobile cranes. The market forecast is based on investments in the construction sector globally. The report does not consider the sale of used equipment or the revenue generated from contracts and maintenance.
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The report also presents a detailed analysis of geographical segmentation of the market, as well as the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Key regions
- Americas
- APAC
- EMEA
Key vendors
- Kobelco
- Liebherr
- Tadano
- Terex
Other prominent vendors
- Escorts Construction Equipment
- Furukawa UNIC
- Guangxi LiuGong Machinery
- Hitachi Construction Machinery
- KATO Works
- Komatsu
- Konecranes
- Manitowoc
- Sany Group
- XCMG
- Zoomlion Heavy Industry Science and Technology
Market driver
- Rise in investments in power plant construction
- For a full, detailed list, view our report
Market challenge
- Counterfeit equipment
- For a full, detailed list, view our report
Market trend
- Demand for fleet management services
- For a full, detailed list, view our report
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