Global Mobile Crane Market is Predicted to Grow at Approximately 5.7 % by 2032

Pune, India, May 25, 2017 /MRFR Press Release/- Market research future published a half cooked research report on Global Mobile crane market. The Mobile crane market is expected to grow over the CAGR of around 5.7% during the period 2024 - 2032.

Mobile Crane Market Highlights

The Mobile Crane Market was valued at USD 10,619.6 million in 2023 and is projected to reach USD 17,406.4 million by 2032, growing at a CAGR of 5.7% from 2024 to 2032.

The growth of the mobile crane market can be attributed to the increased spending on the infrastructure based developments all across the globe. The increase in the expenditure by the construction sector on new constructions as well as the renovations of the existing infrastructure is expected to contribute to the growth of the market. The rising use of telematics is also driving the growth of the mobile crane market to a great extent.  

Drivers

Market Research Analysis

The Asia-Pacific region is expected to grow the highest in the mobile crane market, owing to the rising population and the increasing need for public infrastructures and housing units. In the developing nations of the region, there is a constant up gradation of the existing infrastructure, which is contributing to the growth of the mobile crane market in the region. The introduction of government initiatives for development of infrastructure projects is leading to an increased use of mobile cranes.

Scope of the Report

This study provides an overview of the global mobile crane market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global mobile crane market by its product, application and region.

By Product

• Wheeled mobile cranes


• Crawler cranes


• Others 

By application

• Construction


• Industries


• shipbuilding


• Building cars


• Others 


• By Region


• North America 


• Asia Pacific 


• Europe


• Rest of the World   

Key Players

The key players of Mobile crane market are Liebherr Group (switzerland), XCMG Group (China),  Manitowoc Company, Inc. (U.S.), Tadano Ltd. (Japan), Terex Corporation (U.S.), Palfinger AG (Austria), Sany Group Co. Ltd (China), Zoomlion Co., Ltd. (China), Kato-works Co. Ltd. (Japan), Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd (Japan),  LiuGong Machinery Co., Ltd. (China) and others.  

Access Report Details @ mobile crane market