The United Nations (UN) forecasts that the global population will surge from 7.7 billion in 2019 to 10.9 billion by 2100. As the world population is surging at a rapid pace, governments of several countries, especially developing nations, are heavily investing in large-scale commercial projects to provide housing and infrastructure facilities to their citizens. For instance, the Ministry of Housing and Urban Affairs (MoHUA), Government of India, implemented the Pradhan Mantri Awas Yojana – Urban (PMAY-U) in 2015 to provide a pucca house to all urban households of the country by 2022.
Thus, increasing government initiatives for infrastructure development are expected to drive the mobile cranes market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated the revenue of $13 billion in 2020. Additionally, the mounting investments being made in the construction of offices, hotels, retail centers, apartments, and civic infrastructure will also fuel the demand for mobile cranes worldwide. For instance, the Ministry of Infrastructure, Government of Brazil, states that $2.4 billion, $1.34 billion, $10.25 billion, and $ 29.06 billion are being invested in airports, ports, railways, and highways, respectively.
Apart from the construction industry, the utility and industrial sectors also use mobile cranes for multiple applications. These sectors can opt for crawler cranes, rough-terrain cranes, truck-mounted cranes, side lifters, and telescopic handlers. In the recent past, truck-mounted cranes were preferred over other types of mobile cranes as they have a huge loading capacity and offer easy transportation of goods. These mobile cranes are being increasingly used in railway, civil infrastructure, and hydropower projects to lift heavy loads in a compact setting.
In recent years, the increasing introduction of advanced mobile cranes has become a prominent trend in the mobile cranes market. For instance, the 60-ton-class NBT60XL boom crane was introduced by Manitowoc Company Inc. in October 2020. This crane offers a tilting cab with a heated seat, AM/FM radio, and Bluetooth speakers. The NBT60XL also includes a color graphic display, electric over hydraulic controls to adjust the speed, and real-time diagnostics to simply troubleshooting without the requirement of a laptop.
Geographically, the Asia-Pacific (APAC) region held the largest share in the mobile cranes market in 2020, due to the heavy investments being made by governments of developing countries in large-scale construction projects. Additionally, the soaring purchasing power of people, rising population, and escalating urbanization rate also contribute to the market growth in APAC. Besides, the increasing government efforts toward providing affordable housing to citizens will also augment the demand for mobile cranes in the region.
Therefore, the surging construction activities and increasing government expenditure on infrastructure development are expected to fuel the adoption of mobile cranes in the foreseeable future.
Industry OVERVIEW OF Mobile Cranes MARKET 2020 TO 2026:The market intelligence report on the Global Mobile Cranes Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The research study includes a concise description of the market trends and growth patterns that the leading players operating in the industry can leverage to understand the market to form lucrative expansion strategies.
To get a sample of this report, with 30 minutes free consultation, visit : https://www.reportsanddata.com/sample-enquiry-form/485In market segmentation by manufacturers, the report covers the following companies-Liebherr, Tadano, Manitowoc, XCMG, Terex, Zoomlion, Sany, Kobelco?Crane, Hitachi?Sumitomo, Furukawa, Sichuan Changjiang, Altec Industries, Action?Construction?Equipment, Elliott Equipment, Liugong, Bocker Maschinenwerke, Liaoning Fuwa, Manitex, BrodersonFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
Our team of expert analysts has scrutinized the Mobile Cranes market report by referring to the data provided by leading companies.In market segmentation by types of Mobile Cranes, the report covers-Crawler CranesAll Terrain CranesTruck CranesTrailer-Mounted CranesOthersIn market segmentation by applications of the Mobile Cranes, the report covers the following uses-ConstructionIndustriesUtilitiesOthersGrab Your Report at incredible Discounts!
It also discusses the supply-demand dynamics and key participants with vital business intelligence and helps them with a research-backed forecast for the global Mobile Cranes market.The evaluation includes the forecast, a summary of the competitive landscape, the market shares of competitors, as well as the market trends, demands, opportunities and challenges existing in the sector, and elaborate product analysis.
KEY FEATURES OF THE GLOBAL Mobile Cranes MARKET REPORT INCLUDE:Market size estimates: The market size of the Global Mobile Cranes industry has been calculated in terms of value (USD)Trend and forecast analysis: Market trends (2016-2018) and forecast (2020-2026) are discussed in the report by segmenting the market based on Product Type, Technology, Application, End-User, and Business Verticals.Segmentation analysis: An all-inclusive examination of the market segments in terms of both value and volume has been offered in this report.
Industry Analysis of Industrial Mobile Cranes Market 2020The Global Industrial Mobile Cranes Market report evaluates the market size, share, revenue generation, and commercialization aspects to project the same for the forecast years by 2027.
Furthermore, it also examines the existing competitive scenario with the individual standing of leading companies to project their growth in the coming years based on extensive company profiles and statistical approaches of the companies to realize their desired expansion objectives in the regional markets.
The study delivers an extensive overview of the market, along with a summary of the leading participants in the global sector.
It concludes with accurate insights into the overall growth of the market both on global and regional levels and the companies that are expected to grow at a substantial pace in the coming years to establish a strong footing in the Industrial Mobile Cranes Market.
The leading companies in the industry that are included in this report are Liebherr, Tadano, Manitowoc, XCMG, Terex, Zoomlion, Sany, KobelcoCrane, HitachiSumitomo, Furukawa, Sichuan Changjiang, Altec Industries, Action Construction Equipment, Elliott Equipment, Liugong, Bocker Maschinenwerke, Liaoning Fuwa, Manitex, Broderson, othersThe report includes the latest coverage of the impact of COVID-19 on the Industrial Mobile Cranes industry.
This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.Read More @ https://www.reportsanddata.com/report-detail/industrial-mobile-cranes-marketScope of the Report:The research study draws focus on the strengths and weaknesses of the leading companies through an elaborate SWOT analysis and also inspects their evolution through an exhaustive historical analysis.
