About Mobile Crane
A mobile crane is known as a cable-controlled crane which is mounted on the crawlers or a hydraulic-powered crane or rubber-tired carriers with a telescoping boom mounted on the truck-type carriers or as self-propelled models. They are specially designed to easily transport to a site and use with various types of load and cargo with little or no assembly or setup. It basically means a lifting device incorporating a hydraulic telescopic boom or cable suspended latticed boom designed to be moved between the operating locations by transport across the road. The most common type of mobile crane consists of a telescopic boom or steel truss mounted on the mobile platform, which may be wheeled, rail, or caterpillar tracks.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.65% |
Leading crane and hoist players are focusing on strategic partnerships and acquisition to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings worldwide. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Liebherr (Switzerland), Tadano (Japan), Manitowoc (United States), XCMG (China), Terex (United States), Zoomlion (China), Sany (China), kobelco crane (Netherlands), Hitachi Sumitomo (Japan) and Furukawa UNIC (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sichuan Changjiang (China), Altec Industries (United States), Action Construction Equipment (India), Liugong (China) and Broderson (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mobile Crane market by Type (Crawler Crane, All Terrain Crane, Truck Crane, Trailer-Mounted Crane and Others), Application (Construction, Industries, Utilities and Others) and Region.
On the basis of geography, the market of Mobile Crane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operation, the sub-segment i.e. Telescopic will boost the Mobile Crane market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Shifting Focus towards Compact and Remote Operated Cranes and Growing Demand for Material Handling Equipment in Aerospace & Defense Industry
Market Growth Drivers:
The Ongoing Demand for Construction of Smart Cities across Geographies, Various Mega Construction Particularly In Developing Countries and Increasing Investments Made By Governments As Well As Private Sector Companies in Infrastructure
Challenges:
Absence of Skilled Manpower to Operate Cranes
Restraints:
Growth of Rental Cranes and Stringent Emission Regulations on Construction Machinery
Opportunities:
Growing Demand for Fuel Efficient Cranes and Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In September 2023, Several Manitowoc partners in Brazil are among the winners of the Top Crane Brasil Award 2023, one of the most prestigious recognitions in the industry. These awards celebrate jobs successfully accomplished in the country throughout the year and recognize crane rental companies for providing outstanding machines used in those projects.
In February 2023, ACE unveils India's first electric mobile crane. This launch marks India’s first indigenously developed 100% electric construction equipment and propels India on the global platform of technological advancements. ACE F150-ev 4X4 has been specifically designed to suit both road travel and pick-n-carry use.
Key Target Audience
Cranes Manufacturers, Cranes OEMs, Cranes Importer/Exporter, Regulatory & Government Bodies, Industry Associations and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.