Global Mobile Cranes Market

Mobile Cranes Market Size, Share, Growth Analysis, By Product (Truck Mounted Crane, Trailer Mounted Crane), By Application (Construction, Industrial), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15F2112 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 70

Mobile Cranes Market Regional Insights

The global mobile cranes market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia-Pacific region is the dominant market for mobile cranes, accounting for the largest share of the global market. The rapid industrialization and infrastructural development in countries like China and India are major factors driving the demand for mobile cranes in this region. Additionally, the growth of the construction, mining, and energy sectors in Asia-Pacific contributes to the increased adoption of mobile cranes.

On the other hand, the Middle East and Africa region represent the fastest-growing segment in the mobile cranes market. The region is experiencing substantial growth due to large-scale construction projects, particularly in countries like Saudi Arabia, UAE, and South Africa. The expanding infrastructure, urbanization, and growing oil and gas industry are significant drivers of mobile crane demand in the Middle East and Africa. Additionally, increasing investments in renewable energy projects further boost the growth of the mobile crane market in this region.

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Global Mobile Cranes Market size was valued at USD 13.2 billion in 2022 and is poised to grow from USD 14.1 billion in 2023 to USD 23.86 billion by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031).

The global mobile cranes market exhibits a highly competitive landscape with several companies vying for market share. Key players in the industry offer a wide range of mobile crane products and services, catering to diverse customer needs. Innovation and technological advancements play a crucial role in gaining a competitive edge. Market participants focus on expanding their global presence, forming strategic partnerships, and investing in research and development. Additionally, factors like product reliability, safety features, and after-sales support are essential in gaining a competitive advantage. The market's dynamic nature and the continuous pursuit of customer satisfaction create a challenging yet vibrant competitive environment. 'Liebherr Group ', 'Terex Corporation ', 'Tadano Ltd. ', 'XCMG Construction Machinery Co., Ltd. ', 'Sany Heavy Industry Co., Ltd. ', 'KATO WORKS CO., LTD. ', 'Kobelco Construction Machinery Co., Ltd. ', 'Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd. ', 'The Manitowoc Company, Inc. ', 'PALFINGER AG ', 'Sarens N.V./S.A. ', 'Altec Industries'

The mobile cranes market is driven by the increasing demand for infrastructure development projects worldwide. Rapid urbanization, population growth, and the need for modernized transportation networks have led to the construction of new buildings, roads, bridges, and other infrastructure, boosting the demand for mobile cranes for material handling and construction purposes.

The mobile crane industry is experiencing a significant trend towards technological advancements. Manufacturers are continuously innovating and integrating advanced technologies into mobile crane designs. This includes the incorporation of smart features, telematics, remote monitoring, and automation, which enhance crane efficiency, safety, and ease of operation. Telematics, for instance, enable real-time monitoring of crane performance and condition, facilitating predictive maintenance and minimizing downtime. These technological advancements are attracting customers seeking modern and high-performing mobile crane solutions.

The global mobile cranes market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia-Pacific region is the dominant market for mobile cranes, accounting for the largest share of the global market. The rapid industrialization and infrastructural development in countries like China and India are major factors driving the demand for mobile cranes in this region. Additionally, the growth of the construction, mining, and energy sectors in Asia-Pacific contributes to the increased adoption of mobile cranes.

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Global Mobile Cranes Market

Report ID: SQMIG15F2112

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