PUBLISHER: SkyQuest | PRODUCT CODE: 1447879
PUBLISHER: SkyQuest | PRODUCT CODE: 1447879
Global Truck-Mounted Crane Market Size, Share, Growth Analysis, By Product type,, By Lifting Capacity, By End-User - Industry Forecast 2024-2031
Global Truck-Mounted Crane Market size was valued at USD 12.25 Billion in 2022 and is poised to grow from USD 12.94 Billion in 2023 to USD 20.05 Billion by 2031, growing at a CAGR of 5.63% in the forecast period (2024-2031).
In recent times, the global market for Truck-Mounted Cranes has witnessed shifts in demand due to the escalating construction and infrastructure development projects worldwide. These cranes, known for their versatility, find extensive use across multiple sectors including construction, transportation, and logistics. With nations ramping up investments in infrastructure enhancement, the necessity for effective lifting and material handling solutions like truck-mounted cranes is on the rise. Nevertheless, manufacturers face hurdles in complying with stringent regulations concerning emissions and safety standards. Balancing adherence to these regulations with the maintenance of performance and efficiency poses an ongoing challenge. Moreover, the initial acquisition cost of truck-mounted cranes tends to be relatively high, which could act as a deterrent for small and medium-sized enterprises.
Top-down and bottom-up approaches were used to estimate and validate the size of the Truck-Mounted Crane Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Truck-Mounted Crane Market Segmental Analysis
The global Truck-Mounted Crane market is segmented into four major segments i.e. by Product type, Lifting Capacity, End-User Segmentation, and region. Based on Type, it is divided into Telescopic Truck-Mounted Cranes, Knuckle Boom Truck-Mounted Cranes, and others. Based on Lifting Capacity, it is bifurcated as Light Duty Truck-Mounted Cranes, Medium Duty Truck-Mounted Cranes, Heavy Duty Truck-Mounted Cranes, and others. Based on End-User Segmentation it is segregated into, Urban Construction, Rural Construction, Transportation and Logistics, and others. Based on region, the market is segmented into Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America:
Drivers of the Truck-Mounted Crane Market
The escalating surge in construction and infrastructure development is driving a heightened demand for efficient lifting and material handling solutions, particularly truck-mounted cranes, as urban areas expand and infrastructure projects proliferate. This growth, evident in both mature markets and emerging economies, underscores the versatility and indispensability of such cranes in meeting evolving construction needs.
Restraints in the Truck-Mounted Crane Market
The stringent regulatory compliance standards pose significant challenges as manufacturers navigate complex emissions and safety regulations, impacting production processes and costs. Additionally, the substantial initial investment required for acquiring truck-mounted cranes can deter entry into the market or hinder upgrades for small and medium-sized enterprises, further complicating market dynamics.
Market Trends of the Truck-Mounted Crane Market
A notable trend in the market is the increasing integration of telematics technology into these cranes, offering real-time tracking, predictive maintenance alerts, and performance optimization to enhance operational efficiency. Moreover, there's a discernible emphasis on environmental sustainability, driving the development and adoption of hybrid and electric solutions within the truck-mounted crane sector. As emission regulations tighten, the industry is actively embracing eco-friendly technologies to align with evolving environmental standards.
Table of Contents
Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Global Truck-Mounted Crane Market by Product type,
- Market Overview
- Telescopic Truck-Mounted Cranes
- Knuckle Boom Truck-Mounted Cranes
- and others
Global Truck-Mounted Crane Market by Lifting Capacity
- Market Overview
- Light Duty Truck-Mounted Cranes
- Medium Duty Truck-Mounted Cranes
- Heavy Duty Truck-Mounted Cranes
- and others
Global Truck-Mounted Crane Market by End-User
- Market Overview
- Urban Construction
- Rural Construction
- Transportation and Logistics
- and others.
Global Truck-Mounted Crane Market Size by Region
- Market Overview
- North America
- USA
- Canada
- Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
- By Development
- By Company
- By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- Action Construction Equipment (ACE) Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Furukawa Unic Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- HYVA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Kawasaki Heavy Industries, Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Liebherr-International AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- KLUBB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Palfinger AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Kobelco Construction Machinery Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Sany Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Terex Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Manitex International Inc. (Badger Equipment Company)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Broderson Manufacturing Corporation (Lanco International Inc.)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- IHI Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Link-Belt Cranes (Sumitomo Heavy Industries Ltd.)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Tadano
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- ZOOMLION Heavy Industry Science & Technology Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Cargotec Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Konecranes Plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Manitowoc Cranes
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
