London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the Mobile Crane Market in China 2015-2019, which is expected to grow at a CAGR of 17.03% during the forecast period of 2014-2019.
“The mobile crane market in China is dominated by regional crane manufacturers such as XCMG and Zoomlion,” says Faisal Ghaus, Vice President of Technavio.
“Due to increased demand of mobile cranes in the country, the market has become an attractive destination for global mobile crane manufacturers as a number of global players are entering into joint ventures with regional players.”
Key Market Drivers
- Large-scale Urban Development Projects
- Increased Investment in Infrastructure Sector
- Construction of New Airports
Key Market Trends
- Emergence of Rental Services for Cranes
- Joint Ventures of Leading Vendors
- Rise in Demand for Truck Cranes
- Increased Demand for Energy-efficient Mobile Cranes
Key Market Vendors
- Guangxi LiuGong Machinery Co. Ltd.
- Sany Group
- XCMG Group
- Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
