Mobile Crane Market Share, Relevant Trend, Latest Industry Report, Top Companies Analysis to 2020
Global Mobile Crane Market
Mobile cranes are powerful equipments which can lift weights
of up to few hundred tons. Mobile cranes are used in various applications such
as in building constructions, mining, automotive, aircraft, hydro projects, and
manufacturing. Compactness and ease of accessibility in small construction are
major advantages of mobile crane.
The rise in residential and commercial construction in
developing countries is expected to drive the global mobile crane market
growth. Furthermore, increase in support and initiatives to reduce carbon
emission from vehicles and improve road safety are expected to further propel
the global mobile crane market growth. Also, increase in work opportunities and
ease of lifestyle in urban cities are attracting people from small villages to
cities every year which is expected to rapid urbanization across the world.
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This is expected to increase in urban population which has
created an unexpected deficit of residential houses in cities. Thus,
governments and private contractors are investing high amounts on constructions
like schools, buildings, and hospitals. This rise in demand for infrastructure
will support the market growth during this forecast timeline.
Increase in investments in developing countries of APAC
region expected to drive the global mobile crane market growth. Several
developing countries in APAC region Coupled with rapidly increase in population
and significant investment and funding by government of various countries for
infrastructure development which is expected to boost the demand for mobile
cranes market.
The limited weight-lifting capacity and low reach of mobile
cranes are major restraints which are expected to hinder the global mobile
crane market growth. In addition to that, increase in COVID- 19 pandemic across
the world will affect the market growth. Due to COVID -19 major countries such
as U.S, Italy, U.K, and other countries prolonged lockdowns which is expected
to hamper the global mobile crane market growth over the forecast period.
Mobile Crane Market
Segmentation
Global Mobile Crane Market is segmented into type such as
Wheel-Mounted Mobile Crane, Commercial Truck-Mounted Crane, Railroad Crane, and
Others. Further, market is segmented into application such as Construction,
Mining & Excavation, Marine & Offshore, Industrial Application, and
Others.
Also, Global Mobile Crane Market is segmented five regions
such as North America, Latin America, Europe, Asia Pacific, and Middle East
& Africa.
Market key Players
Various key players are listed in this report such
as Altec, Inc, SANY Global, Manitowoc Company, Inc, Tadano, Inc, Terex
Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd, Kobelco
Construction Machinery Co., Ltd, Liebherr-International AG, and Cargotec
Corporation.
Market Taxonomy
By Type
·
Wheel-Mounted Mobile Crane
·
Commercial Truck-Mounted Crane
·
Railroad Crane
·
Others
By Application
·
Construction
·
Mining & Excavation
·
Marine & Offshore
·
Industrial Application
·
Others
By Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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