Automotive and Transportation

Global Mobile Crane Market 2015-2019 - Industry Analysis

  • TEC353560
  • 58 Pages
  • November 2015
  • Automotive and Transportation
About mobile cranes
Mobile cranes are cable-controlled or hydraulic-powered cranes, mounted on a rubber-tired or crawler carrier. They are designed to lift and transport various types of loads. These cranes can be powered by electric motors or internal combustion engines.

The global mobile crane market is one of the fastest growing segments in the material handling equipment market as a result of increase in urban infrastructure and residential construction projects.

The market is driven by many growth factors, one of which is increased investment in development of smart cities. Growing population and migration of people to urban areas has led to an increase in demand for new cities with efficient transport infrastructure facilities, which has led to a significant rise in the number of urban infrastructure projects across the globe. This has escalated the demand for mobile cranes. Also, increased investments in power plant construction is another factor that will help the growth of the global mobile crane market.

Further, fleet management services provided by mobile crane vendors is also triggering demand for cranes. Fleet management services enable procurement of real-time information pertaining to operation and fuel consumption of cranes, which helps improve productivity.

However, counterfeit equipment and unstable macroeconomic environment will pose a major challenge to crane manufacturers, and is likely to impact their profit margins.
Technavio's analysts forecast the global mobile crane market to grow at a CAGR of 6.92% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the global mobile crane market for the period 2015-2019. The market size has been calculated based on total revenue generated from consumption of mobile cranes. The market forecast is based on investments in the construction sector globally. The report does not consider the sale of used equipment or the revenue generated from contracts and maintenance.

The report also presents a detailed analysis of geographical segmentation of the market, as well as the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key regions
Americas
APAC
EMEA

Key vendors
Kobelco
Liebherr
Tadano
Terex


Other prominent vendors
Escorts Construction Equipment
Furukawa UNIC
Guangxi LiuGong Machinery
Hitachi Construction Machinery
KATO Works
Komatsu
Konecranes
Manitowoc
Sany Group
XCMG
Zoomlion Heavy Industry Science and Technology

Market driver
Rise in investments in power plant construction
For a full, detailed list, view our report

Market challenge
Counterfeit equipment
For a full, detailed list, view our report

Market trend
Demand for fleet management services
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
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