Up-surging demands for luxurious consumer electronics and smart wearable devices will drive mobile crane market by 2025 with a CAGR of 2.16%.

by Sameer Joshi or 09-Sep-2017

The “ Mobile crane Market to 2025 by Crane Type(Truck Cranes, Crawler Cranes, All-Terrain Cranes, Rough Terrain Cranes and Others) and Application (Oil & Gas, Construction, Shipping & Port Building, Energy & Utilities and Others) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of mobile crane market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant mobile crane players in the market and their key developments.

Mobile Crane Market to 2025 – Global Analysis and Forecast by Crane Type and Application. Mobile crane market is expected to grow to US$ 9.82 billion by 2025 from US$ 8.92 billion in 2016. The constantly growing population has resulted in increased investments in the infrastructure and construction sector of various economies. Also, government initiatives for up gradation of existing infrastructure of the developed economies has resulted in increased demand for heavy construction machinery. Mobile cranes are extensively used in various applications including construction, oil & gas, shipping, etc. Furthermore, increased investments in the construction of power plants has also influenced the market growth particularly, in developing nations.

Mining companies are also one of the largest consumers of mobile cranes. The mining industry utilizes this massive equipment for the extraction of raw materials in an open cast mining environment. Despite of the sluggish growth of this industry in past few years, it is predicted to showcase some growth in coming years. The growth in mining industry is highly influenced by the collaborations and partnerships initiated in this industry.

The global mobile crane market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. APAC region is expected to account for the largest share of the global mobile crane market in 2016, followed by Europe. The rapidly rising population of emerging economies in the APAC region has led to increased infrastructural as well as residential construction projects. This has resulted in increased demand for heavy construction machineries including mobile cranes. The key players profiled in the report are Kato Works Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Kobelco Construction Machinery Co., Ltd. and The Manitowoc Company, Inc. Also, Liebherr-International S.A., Tadano Ltd., Terex Corporation, Zoomlion Heavy Industry Science and Technology Co. Ltd., XCMG Construction Machinery Co., Ltd. and Sany Heavy Industry Co., Ltd. are other key companies in the mobile crane market.

The report segments the global mobile crane market as follows:

Global Mobile Crane Market – By Crane Type
Crawler Cranes
Truck Cranes
All-Terrain Cranes
Rough Terrain Cranes

Global Mobile Crane Market – By Application

Energy & Utilities
Ship & Port Building
Oil & Gas

Global Mobile crane Market – By Geography

North America
Asia Pacific (APAC)

Middle East & Africa (MEA)
Saudi Arabia
South Africa
South America (SAM)