[193 Pages Report] The Mobile Crane Market size was estimated at USD 15.41 billion in 2023 and expected to reach USD 16.28 billion in 2024, at a CAGR 5.76% to reach USD 22.82 billion by 2030.
A mobile crane is a cable-controlled crane mounted on crawlers and rubber-tired carriers that can be easily transported to different locations. These cranes have versatile applications and can perform multiple tasks due to their mobility and adaptability. The mobile crane market is experiencing significant growth due to rising construction and infrastructure development fueled by rapid urbanization. The expansion of smart cities has increased the demand for efficient and versatile lifting equipment such as mobile cranes. Furthermore, the increasing utilization of mobile cranes in the oil & gas sector has contributed to this upward trend, as these industries require reliable and safe equipment for their complex operations. However, concerns regarding compliance with stringent safety regulations and standards have challenged the market’s growth potential. Manufacturers are focusing on investing in research and development to evolve their safety norms while ensuring the optimum performance of their products. Technological advancements are also playing a pivotal role in shaping the future of the mobile crane market. Innovations such as advanced control systems, eco-friendly engines, telematics technology, and other novel features have enhanced the efficiency and capabilities of mobile cranes while reducing environmental impact. Additionally, integrating artificial intelligence (AI) and automation technologies into crane design is expected to redefine operational efficiencies in handling heavy loads, further propelling the market forward.
Regional Insights
Asia-Pacific (APAC) region has witnessed an increase in demand for the mobile crane sector, majorly due to the growth of construction activities and government-supported projects for expanding road networks. Countries such as China, India, Japan, Australia, and Southeast Asian nations have witnessed rapid urbanization, industrialization efforts, and increased focus on developing infrastructure have contributed to this growth. In recent years, China has emerged as one of the major markets for mobile cranes in the APAC region, driven by large-scale infrastructure projects under its Belt and Road Initiative (BRI), including roadways that enhance connectivity across Eurasia and Africa’s maritime trade routes. In Europe, there has been a significant increase in investments towards expanding renewable energy projects. Countries such as Germany, France, and the UK are allocating considerable resources to modernize their renewable energy sources. Developed countries across Europe and the Americas are experiencing technological advancements in mobile crane manufacturing and increased research & development initiatives.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Mobile Crane Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Mobile Crane Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Mobile Crane Market, highlighting leading vendors and their innovative profiles. These include Action Construction Equipment Limited, Altec, Inc., Bauer AG, Cargotec Corporation, Columbus McKinnon Corporation, Fassi Gru S.p.A., Furukawa Co., Ltd., Guangxi LiuGong Machinery Co., Ltd., Huisman Equipment B.V., Kato Works Co., Ltd., Kobelco Construction Machinery Co., Ltd., Konecranes PLC, Liebherr-International Deutschland GmbH, Manitex Inc., Nucleon Crane Group, Palfinger AG, SANY Group, Sarens NV, Sennebogen Maschinenfabrik GmbH, Shuttlelift, SSAB AB, Sumitomo Heavy Industries, Ltd., Tadano Ltd., Terex Corporation, The Manitowoc Company, Inc., TIL Limited, XCMG Group, and Zoomlion Heavy Industry Science&Technology Co., Ltd..
Market Segmentation & Coverage
This research report categorizes the Mobile Crane Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- All Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Mounted Crane
- Boom Type
- Lattice Truss Boom
- Telescopic Boom
- End-user
- Construction
- Industrial
- Utilities
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Mobile Crane Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Mobile Crane Market?
- What are the technology trends and regulatory frameworks in the Mobile Crane Market?
- What is the market share of the leading vendors in the Mobile Crane Market?
- Which modes and strategic moves are suitable for entering the Mobile Crane Market?
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