Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 15.53 Billion

CAGR (2023-2028)

5.92%

Fastest Growing Segment

Wheel mounted

Largest Market

Asia Pacific


Market Overview

The Global Mobile Crane Market was valued at USD 15.53 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.92% through 2028. The global mobile crane market is experiencing significant growth and evolution driven by a variety of factors. Mobile cranes are versatile lifting machines that play a pivotal role in construction, infrastructure development, manufacturing, and various industrial applications worldwide. As urbanization continues to surge, creating a demand for high-rise buildings and modern infrastructure, mobile cranes have become indispensable tools for lifting heavy loads, materials, and equipment to great heights.

Key drivers of the global mobile crane market include:

Urbanization and Infrastructure Development: Rapid urbanization and the need for modern infrastructure in emerging economies are fueling the demand for mobile cranes. These cranes are essential for the construction of roads, bridges, airports, ports, and commercial and residential buildings.

Industrial Growth: The expansion of manufacturing and industrial sectors necessitates the use of mobile cranes for material handling, equipment installation, and maintenance. These cranes play a crucial role in industries such as automotive, aerospace, and energy.

Renewable Energy Projects: The global shift toward renewable energy sources, including wind and solar power, requires mobile cranes for the installation and maintenance of wind turbines, solar panels, and associated infrastructure.

Port and Shipyard Activities: As global trade continues to grow, ports and shipyards require mobile cranes for efficient cargo handling, ship assembly, and maintenance operations.

Disaster Response and Reconstruction: Mobile cranes are crucial in disaster-affected areas for debris removal, rescue operations, and reconstruction efforts, underscoring their significance in disaster management.

Technological Advancements: Continuous advancements in crane technology, including telematics, automation, and remote monitoring, enhance crane safety, efficiency, and ease of operation.

Government Infrastructure Initiatives: Government initiatives for infrastructure development and investment in large-scale projects further boost the demand for mobile cranes.

Despite these drivers, the market also faces challenges, such as stringent regulations, high operational costs, and environmental concerns. However, manufacturers are increasingly focusing on developing environmentally friendly and efficient mobile crane solutions to address these challenges and meet the evolving demands of the global construction and industrial sectors. Overall, the mobile crane market is poised for continued growth, driven by the ongoing need for reliable lifting solutions in diverse industries worldwide.

Key Market Drivers

Infrastructure Development and Urbanization:

One of the primary drivers of the global mobile crane market is the rapid expansion of infrastructure projects and urbanization. As countries around the world invest in building and upgrading their infrastructure, mobile cranes play a crucial role in the construction of roads, bridges, airports, ports, and other vital facilities. The increasing demand for modern and efficient infrastructure is propelling the need for mobile cranes, leading to sustained growth in the market.

High-Rise Construction and Skyscraper Projects:

The trend towards urbanization is accompanied by a growing number of high-rise construction and skyscraper projects in urban centers. Mobile cranes are essential for lifting heavy materials, equipment, and components to great heights, making them indispensable for these ambitious projects. The proliferation of high-rise buildings, especially in emerging economies, is a significant driver of the mobile crane market's growth.

Energy Sector Expansion:

The global energy sector, including renewable energy, is undergoing rapid expansion. The construction of wind turbines, solar farms, power plants, and energy infrastructure requires heavy lifting capabilities, which mobile cranes provide. As the world transitions to cleaner energy sources, mobile cranes are instrumental in facilitating the installation and maintenance of renewable energy facilities, driving demand in the market.

Shipbuilding and Port Development:

The maritime industry continues to grow, necessitating the construction and expansion of shipyards and ports. Mobile cranes are indispensable for loading and unloading cargo, assembling ships, and handling heavy equipment in these areas. The demand for mobile cranes is closely tied to the maritime industry's growth, making it a significant driver of the market.

Disaster Response and Reconstruction:

Natural disasters, such as hurricanes, earthquakes, and floods, can devastate infrastructure and communities. Mobile cranes are crucial for disaster response and reconstruction efforts, facilitating the removal of debris, restoration of damaged structures, and rescue operations. The need for mobile cranes in disaster-prone regions and for post-disaster recovery efforts contributes to sustained market demand.

 

Download Free Sample Report

Key Market Challenges

Regulatory Compliance and Safety Standards:

One of the most significant challenges facing the global mobile crane market is the complex web of regulations and safety standards. These regulations can vary widely from one region to another, making it difficult for manufacturers to develop standardized products that can be sold globally. Compliance with safety standards, load-bearing capacity requirements, and emission regulations often necessitates costly modifications to crane designs. Manufacturers must continually invest in research and development to keep up with evolving regulations, which can impact their production costs and pricing.

Skilled Labor Shortage:

The operation of mobile cranes requires skilled and certified operators who can handle complex machinery safely and efficiently. There is a global shortage of qualified crane operators, which poses a challenge to the industry. Training and certifying operators can be time-consuming and expensive, and the shortage can lead to increased labor costs. Additionally, attracting and retaining skilled operators is an ongoing challenge for crane rental companies and construction firms.

Economic Volatility:

The mobile crane market is closely tied to the construction and infrastructure sectors, both of which are highly sensitive to economic fluctuations. Economic downturns can lead to reduced construction activity, causing a drop in demand for mobile cranes. Conversely, economic upswings can result in increased demand, but they can also strain the supply chain, leading to shortages and higher prices for raw materials and components. The cyclical nature of the construction industry makes it challenging for crane manufacturers to predict and plan for market shifts.

Intense Competition:

The global mobile crane market is highly competitive, with numerous established players and new entrants vying for market share. This intense competition can put pressure on prices and profit margins. To maintain their market position, manufacturers must continually innovate and offer differentiated products and services. The competition also leads to aggressive marketing strategies and the need for extensive distribution networks, further adding to operational costs.

Environmental Concerns:

Environmental concerns are increasingly shaping the mobile crane market. Emission regulations are becoming more stringent, requiring manufacturers to develop cleaner and more fuel-efficient crane models. While eco-friendly cranes are a positive development, the transition to cleaner technologies can be costly and time-consuming. Additionally, cranes often operate in ecologically sensitive areas, such as urban centers and near bodies of water, which can raise concerns about environmental impact and necessitate additional safety measures and equipment modifications.

Key Market Trends

Technological Advancements and Automation:

The global mobile crane market is witnessing a significant trend towards technological advancements and automation. Manufacturers are integrating advanced technologies like telematics, IoT (Internet of Things), and GPS systems into mobile cranes to enhance their performance, safety, and efficiency. These innovations enable remote monitoring, real-time diagnostics, and predictive maintenance, reducing downtime and improving overall productivity. Additionally, automation features such as semi-autonomous and autonomous operation are becoming more common, allowing cranes to perform tasks with greater precision, reducing the reliance on manual labor, and enhancing safety on construction sites.

Sustainable and Eco-Friendly Cranes:

Environmental sustainability is a growing concern in the construction industry. As a response, there is a noticeable trend towards eco-friendly mobile cranes. Manufacturers are developing cranes that incorporate cleaner and more fuel-efficient engines, emission-reduction technologies, and alternative power sources such as electric or hybrid systems. These eco-friendly cranes not only reduce the carbon footprint of construction projects but also comply with stringent environmental regulations, making them increasingly attractive to contractors and project developers.

Lightweight and High-Strength Materials:

Mobile crane manufacturers are focusing on the use of lightweight and high-strength materials, such as advanced alloys and composites, to enhance crane performance while reducing overall weight. This trend allows for higher lifting capacities, improved maneuverability, and better fuel efficiency. Lightweight materials also contribute to reducing wear and tear on the crane's components, extending its service life and lowering maintenance costs.

Customization and Modular Design:

In response to diverse customer needs and project requirements, the mobile crane market is witnessing a trend towards customization and modular design. Manufacturers are offering a wide range of configurations and accessories, allowing customers to tailor their cranes to specific tasks and environments. Modular design not only provides flexibility but also simplifies maintenance and repair by allowing easy replacement of components and parts.

Global Market Expansion:

The global mobile crane market is experiencing geographical expansion as emerging economies increase their construction activities and infrastructure development. Countries in Asia-Pacific, the Middle East, and Africa are witnessing rapid urbanization and industrialization, driving the demand for mobile cranes. In response, manufacturers are establishing a stronger presence in these regions, either through partnerships, joint ventures, or direct investments. This expansion reflects the market's growing recognition of the potential for sustained growth beyond traditional markets.

Segmental Insights

Boom Type Insights

Lattice boom segment dominates in the global mobile crane market in 2022. Lattice boom cranes, also known as crawler cranes, have a lattice-like structure that is assembled on-site. They are recognized for their exceptional lifting capacity and stability, making them ideal for heavy-duty applications such as industrial and infrastructure projects. Several key factors contribute to the dominance of lattice boom cranes in certain market segments:

Heavy Lifting Capabilities: Lattice boom cranes are renowned for their ability to lift extremely heavy loads, often exceeding the capacity of telescopic boom cranes. This makes them indispensable in industries like petrochemical, mining, and power generation, where lifting massive components and equipment is common.

Long Reach and Height: Lattice boom cranes can achieve impressive heights and outreach, making them suitable for tasks like erecting tall structures, assembling large machinery, and handling materials at significant heights.

Stability and Load Distribution: The crawler tracks of lattice boom cranes provide exceptional stability, allowing them to operate on uneven terrain and lift heavy loads with precision. This stability is crucial for industries like bridge construction and wind energy, where precise positioning is essential.

Versatility: Lattice boom cranes are versatile and can be configured with various boom lengths and attachments to suit different job requirements. Their adaptability makes them a preferred choice for specialized applications.

Carrrier Type Insights

Wheel mounted segment dominates in the global mobile crane market in 2022. Wheel-mounted mobile cranes are mounted on wheels, making them highly mobile and roadworthy. These cranes are equipped with tires and are capable of moving on public roads to reach job sites. Several factors contribute to the dominance of wheel-mounted mobile cranes in the global market:

Versatility and Mobility: Wheel-mounted mobile cranes are highly versatile and can be quickly deployed to various job sites. Their roadability allows them to travel efficiently, making them suitable for applications 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: Wheel-mounted 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: Wheel-mounted 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.

 

Download Free Sample Report

Regional Insights

Asia Pacific dominates the global mobile crane market in 2022. Asia-Pacific is experiencing a construction boom, driven by urbanization, population growth, and economic development. Rapid urban expansion has led to an increased demand for infrastructure, residential buildings, commercial complexes, and industrial facilities. Mobile cranes are essential equipment in these construction projects, ranging from skyscrapers to transportation infrastructure, contributing significantly to the region's market dominance.

Governments in the Asia-Pacific region are heavily investing in infrastructure projects, including roadways, bridges, airports, seaports, and energy facilities. These projects require heavy lifting equipment like mobile cranes for material handling, assembly, and maintenance. As nations modernize their infrastructure to support economic growth and connectivity, the demand for mobile cranes remains consistently high.

The region has witnessed rapid industrialization and manufacturing expansion, particularly in countries like China, India, and Southeast Asian nations. Industries such as automotive, aerospace, and manufacturing rely on mobile cranes for material handling, equipment installation, and maintenance. The robust industrial sector further fuels the demand for mobile cranes.

The Asia-Pacific region is home to some of the world's most populous cities. As people migrate to urban areas in search of better opportunities, the construction of residential and commercial complexes surges. Mobile cranes are instrumental in erecting high-rise buildings, enhancing cityscapes, and ensuring efficient urban development.

Recent Developments

  • November 2019: Liebherr delivered 25 new mobile cranes to South Korea, due to increasing urbanization across Asian countries. Asian countries are demanding these cranes, for which the company has inaugurated a new training and service centre for the after-sales services.
  • August 2019: Terex Corporation completed the sale of its DEMAG Mobile Cranes business to Tadano Ltd. at an enterprise value of USD 215 million. The sale was based on strong industrial logic, thus making DEMAG business a global complementary product portfolio under the trademark of largest crane manufacturer.

Key Market Players

  • Liebherr Group
  • XCMG Group
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.
  • Terex Corporation
  • Tadano Ltd.
  • Sany Group
  • Manitou Group
  • Grove
  • Sennebogen
  • Demag Cranes

By Boom Type

By Carrrier Type

By Terrain Type

By End User Industry

By Region

  • Lattice Boom
  • Telescopic Boom
  • Wheel mounted
  • Track mounted
  • On road
  • Rough terrain
  • All terrain
  • Construction
  • Manufacturing
  • Utilities
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific
Report Scope:

In this report, the Global Mobile Crane Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Mobile Crane Market, By Boom Type:

o   Lattice Boom

o   Telescopic Boom

  • Mobile Crane Market, By Carrrier Type:

o   Wheel mounted

o   Track mounted

  • Mobile Crane Market, By Terrain Type:

o   On road

o   Rough terrain

o   All terrain

  • Mobile Crane Market, By End User Industry:

o   Construction

o   Manufacturing

o   Utilities

o   Others

  • Mobile Crane Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Mobile Crane Market.

Available Customizations:

Global Mobile Crane Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Mobile Crane Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Mobile Crane Market

5.    Voice of Customer

6.    Global Mobile Crane Market Overview

7.    Global Mobile Crane Market Outlook

7.1.    Market Size & Forecast

7.1.1.    By Value

7.2.    Market Share & Forecast

7.2.1.  By Boom Type (Lattice Boom, Telescopic Boom)

7.2.2.  By Carrrier Type (Wheel mounted, Track mounted)

7.2.3.  By Terrain Type (On road, Rough terrain, All terrain)

7.2.4.  By End User Industry (Construction, Manufacturing, Utilities, Others)

7.2.5.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Mobile Crane Market Outlook

8.1.    Market Size & Forecast

8.1.1.    By Value

8.2.    Market Share & Forecast

8.2.1.    By Boom Type

8.2.2.    By Carrrier Type

8.2.3.    By Terrain Type

8.2.4.    By End User Industry

8.2.5.    By Country

8.2.5.1.        United States Mobile Crane Market Outlook

8.2.5.1.1.        Market Size & Forecast

8.2.5.1.1.1.    By Value

8.2.5.1.2.        Market Share & Forecast

8.2.5.1.2.1.               By Boom Type

8.2.5.1.2.2.               By Carrrier Type

8.2.5.1.2.3.               By Terrain Type

8.2.5.1.2.4.               By End User Industry

8.2.5.2.        Canada Mobile Crane Market Outlook

8.2.5.2.1.        Market Size & Forecast

8.2.5.2.1.1.    By Value

8.2.5.2.2.        Market Share & Forecast

8.2.5.2.2.1.               By Boom Type

8.2.5.2.2.2.               By Carrrier Type

8.2.5.2.2.3.               By Terrain Type

8.2.5.2.2.4.               By End User Industry

8.2.5.3.        Mexico Mobile Crane Market Outlook

8.2.5.3.1.        Market Size & Forecast

8.2.5.3.1.1.    By Value

8.2.5.3.2.        Market Share & Forecast

8.2.5.3.2.1.               By Boom Type

8.2.5.3.2.2.               By Carrrier Type

8.2.5.3.2.3.               By Terrain Type

8.2.5.3.2.4.               By End User Industry

9.    Europe Mobile Crane Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.    By Boom Type

9.2.2.    By Carrrier Type

9.2.3.    By Terrain Type

9.2.4.    By End User Industry

9.2.5.    By Country

9.2.5.1.        Germany Mobile Crane Market Outlook

9.2.5.1.1.        Market Size & Forecast

9.2.5.1.1.1.    By Value

9.2.5.1.2.        Market Share & Forecast

9.2.5.1.2.1.               By Boom Type

9.2.5.1.2.2.               By Carrrier Type

9.2.5.1.2.3.               By Terrain Type

9.2.5.1.2.4.               By End User Industry

9.2.5.2.        France Mobile Crane Market Outlook

9.2.5.2.1.        Market Size & Forecast

9.2.5.2.1.1.    By Value

9.2.5.2.2.        Market Share & Forecast

9.2.5.2.2.1.               By Boom Type

9.2.5.2.2.2.               By Carrrier Type

9.2.5.2.2.3.               By Terrain Type

9.2.5.2.2.4.               By End User Industry

9.2.5.3.        United Kingdom Mobile Crane Market Outlook

9.2.5.3.1.        Market Size & Forecast

9.2.5.3.1.1.    By Value

9.2.5.3.2.        Market Share & Forecast

9.2.5.3.2.1.               By Boom Type

9.2.5.3.2.2.               By Carrrier Type

9.2.5.3.2.3.               By Terrain Type

9.2.5.3.2.4.               By End User Industry

9.2.5.4.        Italy Mobile Crane Market Outlook

9.2.5.4.1.        Market Size & Forecast

9.2.5.4.1.1.    By Value

9.2.5.4.2.        Market Share & Forecast

9.2.5.4.2.1.               By Boom Type

9.2.5.4.2.2.               By Carrrier Type

9.2.5.4.2.3.               By Terrain Type

9.2.5.4.2.4.               By End User Industry

9.2.5.5.        Spain Mobile Crane Market Outlook

9.2.5.5.1.        Market Size & Forecast

9.2.5.5.1.1.    By Value

9.2.5.5.2.        Market Share & Forecast

9.2.5.5.2.1.               By Boom Type

9.2.5.5.2.2.               By Carrrier Type

9.2.5.5.2.3.               By Terrain Type

9.2.5.5.2.4.               By End User Industry

10. South America Mobile Crane Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1. By Boom Type

10.2.2. By Carrrier Type

10.2.3. By Terrain Type

10.2.4. By End User Industry

10.2.5. By Country

10.2.5.1.     Brazil Mobile Crane Market Outlook

10.2.5.1.1.   Market Size & Forecast

10.2.5.1.1.1.             By Value

10.2.5.1.2.   Market Share & Forecast

10.2.5.1.2.1.            By Boom Type

10.2.5.1.2.2.            By Carrrier Type

10.2.5.1.2.3.            By Terrain Type

10.2.5.1.2.4.            By End User Industry

10.2.5.2.     Colombia Mobile Crane Market Outlook

10.2.5.2.1.   Market Size & Forecast

10.2.5.2.1.1.             By Value

10.2.5.2.2.   Market Share & Forecast

10.2.5.2.2.1.            By Boom Type

10.2.5.2.2.2.            By Carrrier Type

10.2.5.2.2.3.            By Terrain Type

10.2.5.2.2.4.            By End User Industry

10.2.5.3.     Argentina Mobile Crane Market Outlook

10.2.5.3.1.   Market Size & Forecast

10.2.5.3.1.1.             By Value

10.2.5.3.2.   Market Share & Forecast

10.2.5.3.2.1.            By Boom Type

10.2.5.3.2.2.            By Carrrier Type

10.2.5.3.2.3.            By Terrain Type

10.2.5.3.2.4.            By End User Industry

11. Middle East & Africa Mobile Crane Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1. By Boom Type

11.2.2. By Carrrier Type

11.2.3. By Terrain Type

11.2.4. By End User Industry

11.2.5. By Country

11.2.5.1.     Saudi Arabia Mobile Crane Market Outlook

11.2.5.1.1.   Market Size & Forecast

11.2.5.1.1.1.             By Value

11.2.5.1.2.   Market Share & Forecast

11.2.5.1.2.1.            By Boom Type

11.2.5.1.2.2.            By Carrrier Type

11.2.5.1.2.3.            By Terrain Type

11.2.5.1.2.4.            By End User Industry

11.2.5.2.     UAE Mobile Crane Market Outlook

11.2.5.2.1.   Market Size & Forecast

11.2.5.2.1.1.             By Value

11.2.5.2.2.   Market Share & Forecast

11.2.5.2.2.1.            By Boom Type

11.2.5.2.2.2.            By Carrrier Type

11.2.5.2.2.3.            By Terrain Type

11.2.5.2.2.4.            By End User Industry

11.2.5.3.     South Africa Mobile Crane Market Outlook

11.2.5.3.1.   Market Size & Forecast

11.2.5.3.1.1.             By Value

11.2.5.3.2.   Market Share & Forecast

11.2.5.3.2.1.            By Boom Type

11.2.5.3.2.2.            By Carrrier Type

11.2.5.3.2.3.            By Terrain Type

11.2.5.3.2.4.            By End User Industry

12. Asia Pacific Mobile Crane Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Size & Forecast

12.2.1. By Boom Type

12.2.2. By Carrrier Type

12.2.3. By Terrain Type

12.2.4. By End User Industry

12.2.5. By Country

12.2.5.1.     China Mobile Crane Market Outlook

12.2.5.1.1.   Market Size & Forecast

12.2.5.1.1.1.             By Value

12.2.5.1.2.   Market Share & Forecast

12.2.5.1.2.1.            By Boom Type

12.2.5.1.2.2.            By Carrrier Type

12.2.5.1.2.3.            By Terrain Type

12.2.5.1.2.4.            By End User Industry

12.2.5.2.     India Mobile Crane Market Outlook

12.2.5.2.1.   Market Size & Forecast

12.2.5.2.1.1.             By Value

12.2.5.2.2.   Market Share & Forecast

12.2.5.2.2.1.            By Boom Type

12.2.5.2.2.2.            By Carrrier Type

12.2.5.2.2.3.            By Terrain Type

12.2.5.2.2.4.            By End User Industry

12.2.5.3.     Japan Mobile Crane Market Outlook

12.2.5.3.1.   Market Size & Forecast

12.2.5.3.1.1.             By Value

12.2.5.3.2.   Market Share & Forecast

12.2.5.3.2.1.            By Boom Type

12.2.5.3.2.2.            By Carrrier Type

12.2.5.3.2.3.            By Terrain Type

12.2.5.3.2.4.            By End User Industry

12.2.5.4.     South Korea Mobile Crane Market Outlook

12.2.5.4.1.   Market Size & Forecast

12.2.5.4.1.1.  By Value

12.2.5.4.2.   Market Share & Forecast

12.2.5.4.2.1.            By Boom Type

12.2.5.4.2.2.            By Carrrier Type

12.2.5.4.2.3.            By Terrain Type

12.2.5.4.2.4.            By End User Industry

12.2.5.5.     Australia Mobile Crane Market Outlook

12.2.5.5.1.   Market Size & Forecast

12.2.5.5.1.1.             By Value

12.2.5.5.2.   Market Share & Forecast

12.2.5.5.2.1.            By Boom Type

12.2.5.5.2.2.            By Carrrier Type

12.2.5.5.2.3.            By Terrain Type

12.2.5.5.2.4.            By End User Industry

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Liebherr Group

15.1.1.      Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   XCMG Group

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Zoomlion Heavy Industry Science and Technology Co., Ltd.

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   Terex Corporation

15.4.1.        Business Overview

15.4.2.        Key Revenue and Financials  

15.4.3.        Recent Developments

15.4.4.        Key Personnel

15.4.5.        Key Product/Services Offered

15.5.   Tadano Ltd.

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Sany Group

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   Manitou Group

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   Grove

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   Sennebogen

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.Demag Cranes

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the global mobile crane market was estimated to be USD 15.53 Billion in 2022.

down-arrow

Wheel mounted is the dominant segment in the global mobile crane market in 2022 by carrrier type.

down-arrow

The challenges in the global mobile crane market include regulatory compliance and safety standards, skilled labor shortage, economic volatility, intense competition, etc.

down-arrow

The major drivers for the global mobile crane market include infrastructure development and urbanization, high-rise construction and skyscraper projects, energy sector expansion, shipbuilding and port development, etc.

profile

Srishti Verma

Business Consultant
Press Release

Mobile Crane Market Expands with Wheel Mounted Segment at a robust CAGR

Oct, 2023

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.