The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One key factor driving the market growth include the increasing participation of market players as they are launching new mobile cranes to compete with one another. For instance, in April 2022, Manitowoc’s Zhangjiagang launched the largest Potain topless crane in China. This new Potain MCT 805 topless tower crane is designed with an 80 m jib and provides 40 t and 32 t versions. It is a high-quality, affordable crane, and will target consumers in Asia, the Middle East, Africa, Australia, New Zealand, and Latin America.
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As per the Construction Management Association of America (CMAA) in 2022, with the membership of 16,500 construction and corporate owners, countries of the region are anticipating experiencing potential investments in the power and utility, construction, and manufacturing sectors. For instance, in April 2021, the Supplying Help to Infrastructure in Ports, Yards, and America’s Repair Docks (SHIPYARD) Act approved to invest of $21 billion for the recapitalization of the US Navy’s four public shipyards in Virginia, Hawaii, Maine, and Washington and further added $4 billion for private repair and construction shipyards. This has resulted in opportunities for mobile crane manufacturers to witness potential demand as such machines are used in developing shipbuilding, bridges, roads, buildings, and others. Moreover, over the past years, the export from the US to other parts of the country is also increasing drastically which is further anticipated to positively influence the growth of the market in the region.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Mobile Crane Market Report by Segment
By Type
- All-Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Crane
By Application
- Construction
- Oil and Gas
- Manufacturing
- Power and Utilities
- Others (Mining)
Global Mobile Crane Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile crane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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