This market research report by Technavio segments the global mobile crane market by geography (Americas, APAC, and EMEA). The report also provides an analysis of the key market trends, drivers, and challenges that foster market growth. Leading vendors in this market are Kobelco, Liebherr, Tadano, and Terex.
Technavio has released updated information on the construction equipment market, with the publication of its new market research report, global mobile crane market. The mobile crane market is expected to grow at a CAGR of around 7% between 2015 and 2019 due to the government’s increasing investment in urban infrastructure development.
APAC dominates the global market for mobile cranes by occupying around 47% of the total market share. High growth rate of the construction industry and large infrastructure projects in China, India, Japan, Singapore, and Malaysia are contributing to this region’s growth.
“Of late, huge demand for green buildings have pushed construction companies to acquire green building certifications for their projects. Such steps will guarantee reduced emissions throughout the lifecycle of the project, leading to increased demand for energy-efficient mobile cranes. New emission regulations have necessitated the replacement of old construction equipment with the new ones, which are fuel-efficient and energy-savvy,” says Navin Rajendra, Lead Analyst, Engineering Equipment, Technavio Research.
The mobile crane market is one of the fastest growing segments of the material handling equipment market. It occupies around 80% of the global crane market. Upsurge in urban infrastructure and residential construction projects have led to augmented demand for mobile cranes. Rising investments in hydropower plant and nuclear power plant construction have also increased the demand for mobile cranes.
The leading vendors in the global mobile crane market include Kobelco, Liebherr, Tadano, and Terex. Major vendors like Kobelco and Liebherr dominate the market as they have an extensive product portfolio and offer quality equipment with excellent after-sales services.
This industry report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. A competitive analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. Key drivers, challenges, and opportunities are discussed in detail.
A more detailed analysis is available in the Technavio report, Global Mobile Crane Market 2015-2019 – Industry Analysis.
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