Mobile Crane Market Expands with Wheel Mounted Segment at a robust CAGR
The
increasing global mobile crane market is driven by infrastructure development
and urbanization, high-rise construction and skyscraper projects during the
forecast period 2024-2028.
According
to TechSci Research report, “Global
Mobile Crane Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast 2018-2028, The global mobile crane market is experiencing a
period of significant growth and evolution, driven by a multitude of factors
that underscore the pivotal role these machines play in the modern industrial
landscape. Mobile cranes are versatile lifting equipment utilized across
various sectors, including construction, infrastructure development,
manufacturing, and energy projects, to name a few. Their mobility and lifting
capabilities make them indispensable tools for handling heavy loads, materials,
and equipment efficiently and safely.
One
of the primary driving forces behind the growth of the global mobile crane
market is rapid urbanization. As more people move to urban areas, there is an
escalating demand for high-rise buildings, modern infrastructure, and
transportation networks. Mobile cranes are crucial in the construction of
roads, bridges, airports, ports, and commercial and residential complexes,
facilitating the realization of these projects.
Moreover,
industrial growth and expansion are bolstering the demand for mobile cranes.
These machines are indispensable for material handling, equipment installation,
and maintenance across various industries, including automotive, aerospace, and
energy. As manufacturing processes become more advanced and specialized, mobile
cranes are instrumental in maintaining productivity and efficiency.
The
increasing shift towards renewable energy sources, such as wind and solar
power, is another significant driver of the mobile crane market. Wind turbines
and solar panels require precise installation and maintenance, tasks that
mobile cranes excel in. Consequently, the expansion of renewable energy
projects has led to a heightened demand for these versatile lifting machines.
In
the maritime sector, ports and shipyards rely heavily on mobile cranes for
efficient cargo handling, ship assembly, and maintenance operations. The steady
growth of global trade underscores the importance of mobile cranes in
facilitating the movement of goods across the world.
Advancements
in crane technology are further propelling market growth. Features like
telematics, automation, and remote monitoring have improved crane safety,
efficiency, and ease of operation. These technological enhancements align with
the growing demand for safer and more productive lifting solutions.
Despite
these drivers, challenges persist, including stringent regulations governing
crane operation, high operational costs, and environmental concerns. However,
manufacturers are actively addressing these challenges by developing more
environmentally friendly and efficient mobile crane solutions.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Mobile
Crane Market."
The
global mobile crane market is segmented into boom type, carrrier type, terrain
type, end user industry, and region. Based on boom type, the market is
segmented into lattice boom, telescopic boom. Based on carrrier type, the
market is segmented into wheel mounted, track mounted. Based on terrain type, the
market is segmented into on road, rough terrain, all terrain. Based on end user
industry, the market is segmented into (construction, manufacturing, utilities,
others. Based on region, the market is further bifurcated into North America,
Asia-Pacific, Europe, South America, Middle East & Africa.
Based
on terrain type, on road segment dominated in the global mobile crane market in
2022. On-road mobile cranes, also known as truck-mounted cranes, are designed
for use on public roads and highways. They are mounted on wheeled vehicles,
making them highly mobile and suitable for a wide range of applications.
Several factors contribute to the dominance of on-road mobile cranes in the
global market:
Versatility
and Mobility: On-road mobile cranes are exceptionally versatile and can be
quickly deployed to various job sites, including urban areas. Their roadability
allows them to travel efficiently, making them suitable for tasks that require
frequent relocation, such as general construction, maintenance, and utility
work.
Quick
Setup: These cranes are designed for rapid setup, reducing downtime and
increasing productivity. They can be brought into operation swiftly, making
them ideal for tasks that require a fast response.
Cost-Effective
Transportation: On-road mobile cranes can be easily transported to different
locations using conventional trailers or carriers, minimizing transportation
costs compared to larger crawler cranes. This cost-effectiveness appeals to
contractors and rental companies.
Urban
and Congested Areas: On-road mobile cranes are well-suited for urban and
congested job sites where space is limited. Their ability to maneuver in tight
spaces is advantageous in urban construction and infrastructure projects.
Key
market players in the global Mobile Crane market are: -
- Liebherr Group
- XCMG Group
- Zoomlion Heavy Industry Science and
Technology Co., Ltd.
- Terex Corporation
- Tadano Ltd.
- Sany Group
- Manitou Group
- Grove
- Sennebogen
- Demag Cranes
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“The
global mobile crane market is witnessing robust growth driven by urbanization,
infrastructure development, and industrial expansion. Mobile cranes are
essential equipment for lifting heavy loads in construction, manufacturing, and
various industrial applications. With increasing demand for high-rise
buildings, modern infrastructure, and renewable energy projects, mobile cranes
play a pivotal role in facilitating these developments. Additionally,
advancements in crane technology, including automation and safety features, are
enhancing their efficiency and usability. However, challenges such as
regulatory compliance and operational costs persist. Overall, the global mobile
crane market is poised for continued expansion to meet the evolving demands of
construction and industry worldwide.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Mobile
Crane Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Boom Type (Lattice Boom, Telescopic Boom), By Carrrier Type (Wheel
mounted, Track mounted), By Terrain Type (On road, Rough terrain, All terrain),
By End User Industry (Construction, Manufacturing, Utilities, Others), By
Region, and By Competition, 2018-2028,” has evaluated the future growth
potential of Global Mobile Crane Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Mobile Crane Market.
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