Mobile crane market is majorly driven on account of rising construction activities followed by high demand for the refurbishment of existing infrastructure. Favorable governmental initiatives, robust industrialization and commercialization are expected to augment the mobile crane market growth in the following years. Also, rapid growth in utility sector i.e. in power generation is expected to fuel the market growth. On top of that, increasing crane rentals rates and competition is again contributing significantly to market growth.
The key players in the mobile crane market include Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Kato Works Co. Ltd., Kobelco Construction Machinery Co., Ltd., Liebherr Group, Sany Heavy Industry Co., Ltd, Tadano Ltd., Terex Corporation, The Manitowoc Company, Inc., XCMG Construction Machinery Co., Ltd., and Zoomlion Heavy Industry Science and Technology Co., Ltd.
By Type
- All- Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Crane
- Others
By Application
- Construction
- Oil & Gas
- Shipping & Port Building
- Others
Current and forecast demand for mobile crane in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/mobile-crane-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.