Mobile Crane Market 2022-2028

Description

List of Tables

Title:Global Mobile Crane Market Size, Share & Trends Analysis Report, By Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, and Truck Crane), By Application (Construction, Oil and Gas, Manufacturing, Power and Utilities, and Others), Forecast Period (2022-2028).

The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One key factor that is boosting the market growth includes the rising power and utility sector. For instance, as per the report of the International Energy Association (IEA), the global power sector investment is set to rise by nearly 5% in 2021 and exceed the $820 billion. In this, renewables are anticipated to dominate the investment in new power generation and expecting to account for 70% of 2021 total of $530 billion spent on all new generation capacity. Consequently, the growing foreign direct investments and other R&D plans tend to boost the demand for mobile cranes globally.

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. Based on the type, the all-terrain crane segment is expected to grow significantly in the market during the forecast period owing to its ability to achieve robust maneuverability and to execute operations in tough weather conditions with superior mobility. All-terrain cranes are highly efficient in a variety of sectors such as oil and gas production, power stations, and construction sites and are likely to grow the market in the upcoming years. Moreover, continuous new product launches in the segment are also contributing to the market growth. For instance, in March 2022, Tadano Ltd. Introduced the first of its new all-terrain crane line that was associated with the manufacturing expertise of its Lauf and Zweibrucken factories in Germany. This two-axle crane, with an automatic program and steerable rear axle for tight radii and crab steering, the Tadano AC 2.040-1 offered technology will be featured in all future Tadano cranes.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region is anticipated to hold a prominent share in the market during the forecast period owing to the growing adoption of advanced technology-based machinery for constructing high-end applications in the region. For instance, in December 2021, XCMG launched the world's 1st truck crane XCT25_EV with hybrid power and with the all-new product line of C-series crane (C-series).

The major companies operating in the global mobile crane market include Cargotec Corp., Konecranes Oyj, Tadano Ltd., Terex Corp., and Zoomlion Heavy Industry Science & Technology Co., Ltd. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Associated British Ports (ABP) announced its plan on investing $33.6 million in the Humber port for the up-gradation of port equipment and cranes.

Research Methodology

The market study of the global mobile crane market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Mobile Crane Market Research and Analysis by Type
Global Mobile Crane Market Research and Analysis by Application

The Report Covers:

Comprehensive research methodology of the global mobile crane market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global mobile crane market.
Insights about market determinants that are stimulating the global mobile crane market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026760

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Recovery Scenario of Global Mobile Crane Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Cargotec Corp.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Konecranes Oyj
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Tadano Ltd.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Terex Corp.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Zoomlion Heavy Industry Science & Technology Co., Ltd.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Mobile Crane Market by Type
- 4.1.1. All-Terrain Crane
- 4.1.2. Crawler Crane
- 4.1.3. Rough Terrain Crane
- 4.1.4. Truck Crane
4.2. Global Mobile Crane Market by Application
- 4.2.1. Construction
- 4.2.2. Oil and Gas
- 4.2.3. Manufacturing
- 4.2.4. Power and Utilities
- 4.2.5. Others (Mining)

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Altec Inc.
6.2. Elliott Equipment Co.
6.3. Farukawa UNIC Corp.
6.4. Favelle Favco Group
6.5. H.L.D. Machinery & Equipment Import Export Trading (Xuzhou) Co., Ltd.
6.6. Kobelco Construction Machinery Co., Ltd.
6.7. Liebherr-International Deutschland GmbH
6.8. Manitex Inc.
6.9. PALFINGER AG
6.10. SANY Group
6.11. Sarens Bestuur NV
6.12. Sumitomo Heavy Industries, Ltd.
6.13. The Manitowoc Co., Inc.