Mobile Crane refers to a lifting device, which is incorporated of a cable controlled crane mounted on a rubber tired carrier comprising of a telescopic boom. It is being designed to facilitate easy transportation between various operating locations by road.
The Mobile Crane Market is majorly driven by the increasing focus on the infrastructural developments. Power distribution is also largely contributing to the growth of the market as it is being extensively used during the construction and maintenance activities required during the process of power distribution. The adoption of GPS technology by the equipment holders have ensured operational efficiency and profitability. Therefore, the adoption of telematics is expected to contribute to the growth of the Mobile Crane Market.
The Mobile Crane Market is expected to grow over the CAGR of around 4% during the period 2017 to 2023.
Mobile Crane Market is majorly driven by the increasing usage of mobile cranes for loading, unloading, shifting, moving and erecting materials. The wide range of applications in various industry verticals such as construction, engineering and infrastructure industries, is contributing to the growth of the market. Mobile cranes are designed in a manner where it can be used with different types of loads and cargos, with very little or no setup and assembly. The rapid expansion in industrial construction and maintenance is expected to contribute to the growth of the market. However, the growth of the market is expected to be restrained by the lack of availability for skilled and qualified crane operators.
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The market has been analyzed based on the products, applications and regions. Based on products, the market can be segmented as wheeled mobile cranes, crawled cranes and others. The wheeled mobile crane comprises of truck cranes, all terrain cranes and rough terrain cranes among others.
On the basis of applications, the construction segment is expected to drive the growth of the market. The construction segment makes use of mobile cranes for residential buildings, infrastructure projects along with commercial buildings. The rapid increase in the construction activities for transportation infrastructure and the repair activities, is expected to contribute significantly to the growth of the mobile crane market. The rehabilitation of various residential and non-residential construction market is further expected to contribute to the growth of the mobile crane market.
Asia-Pacific region is expected to grow rapidly in the mobile crane market, owing to factors such as the increasing demand for innovations in the infrastructure by the commercial and residential construction industries. The other factors driving the growth of the market are the political stability in the region and the booming construction industry in the region. The increasing urbanization and the introduction of smart cities in the region are also contributing to the growth of the Mobile Crane Market.
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.
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Key Points from Table of Contents:
7 Competitive Analysis
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Application/Service Benchmarking
7.3 Liebherr Group (switzerland)
7.3.2 Application/Service Offering
7.4 XCMG Group (China)
7.4.2 Application/Service Offering
7.5 Manitowoc Company, Inc. (U.S.)
7.5.2 Application/Service Offering
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