The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One of the key factors that are driving the market includes the rising government and private sectors’ initiatives to make large funds in constructing new commercial and residential buildings and public infrastructure across the globe, thus contributing to the growth of the construction industry. As per the Institute of Civil Engineers (ICE) of the UK, in 2018, the global construction market is expected to reach $8 trillion by the end of 2030, mainly driven by the infrastructure expansion throughout China, the US, and India. The growth in infrastructure projects is, in turn, driving the demand for mobile cranes.
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The global mobile crane market is segmented based on the type and application. Based on the type, the market is segmented into the all-terrain crane, crawler crane, rough terrain crane, and truck crane. Based on the application, the market is segmented into construction, oil and gas, manufacturing, power and utilities, and others (mining). Based on the type, the all-terrain crane segment is expected to grow significantly in the market during the forecast period owing to its high-performance ability, such as maximum load capacity and exceptional mobility and manoeuvrability. Based on the application, the construction segment is anticipated to grow significantly during the forecast period owing to the rising investment in the construction industry across the globe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Mobile Crane Market by Type
- All-Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Crane
Global Mobile Crane Market by Application
- Construction
- Oil and Gas
- Manufacturing
- Power and Utilities
- Others (Mining)
Regional Analysis
- 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
Company Profiles
- Altec Inc.
- Elliott Equipment Co.
- Farukawa UNIC Corp.
- Favelle Favco Group
- L.D. Machinery & Equipment Import Export Trading (Xuzhou) Co., Ltd.
- Kobelco Construction Machinery Co., Ltd.
- Liebherr-International Deutschland GmbH
- Manitex Inc.
- PALFINGER AG
- SANY Group
- Sarens Bestuur NV
- Sumitomo Heavy Industries, Ltd.
- The Manitowoc Co., Inc.
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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