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 construction industry is highly dynamic owing to the multiple factors such as high investments, overall economy, and global economic scenario that are prompting the segment’s growth in the market. The demand for construction equipment and machines is promising to witness growth during the forecast period. Moreover, numerous countries are perceiving significant Foreign Direct Investment (FDI) for the construction sector. For instance, in 2020, there was nearly $1.5 billion in foreign direct investment into Australia’s construction sector. Moreover, the funds for infrastructure in both private and public, such as the Vietnam Socio-Economic Development Plan ($61.5 billion), Indonesian National Medium-term Development Plan ($460 billion), and the Philippine Development Plan “Build, Build, and Build” ($71.8 billion), are expecting to raise the demand for construction machinery such as mobile crane in the region.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Mobile Crane Market Report by Segment
By Type
- All-Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Crane
By Application
- Construction
- Oil and Gas
- Manufacturing
- Power and Utilities
- Others (Mining)
Global Mobile Crane Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ 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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