Mobile Crane Market: Innovations and Industry Growth

Mobile Crane Market Size, Share & Industry Analysis, By Type (Truck Crane, All Terrain Crane, Rough Terrain Crane, Crawler Crane and Others), By Application (Construction, Oil & Gas, Ship Building, Power & Utilities and Others) and Regional Forecast, 2019-2032

The mobile crane Market 2025 is expanding with demand for versatile and high-capacity lifting solutions. Mobile cranes offer flexibility and maneuverability for construction, industrial, and logistics applications, with advancements in technology improving lifting capabilities and safety.

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List of the Companies Profiled in the Report:

• Manitowoc
• Tadano Ltd.
• Terex Corporation
• Liebherr-International Deutschland GmbH s
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• XCMG Group
• KATO WORKS CO., LTD.
• SANY GROUP
• Kobelco Construction Machinery Co., Ltd. 
• PALFINGER AG
• Sumitomo Heavy Industries, Ltd.
• Sarens n.v./s.a.

Segmentation:

By Type

• Truck Crane
• All Terrain Crane
• Rough Terrain Crane
• Crawler Crane
• Others (Loader Crane, etc.)

By Application

• Construction
• Oil & Gas
• Ship Building
• Power & Utilities
• Others (Mining, etc.)

Mobile Crane Market Drivers and Restraints:

Key Drives:

• Growth in construction and infrastructure development projects.
• Increasing use of mobile cranes in urban areas for their versatility.

Restraining Factors:

• High operational and maintenance costs.
• Environmental regulations on emissions and noise pollution.

Report Coverage

The global mobile crane Industry size was valued at USD 14.35 billion in 2018 and is projected to grow worth USD 33.26 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period. Asia Pacific dominated the mobile crane Industry with a Industry share of 43.69 % in 2018.

The report provides:

• Key growth drivers, challenges, opportunities, and potential barriers in the market.
• Comprehensive insights into regional developments.
• A list of major industry players.
• Key strategies adopted by market leaders.
• Recent industry developments, including product launches, partnerships, mergers, and acquisitions.

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Global Mobile Crane Market: Regional Segmentation:-

• North America (USA & Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)

The information in this study is based on both primary and secondary research methods. The major research methodology comprises interactions with service providers, suppliers, and industry experts. The secondary research process entails a thorough search of relevant documents such as corporate annual reports, financial reports, and proprietary databases.

Key Industry Development

Liebherr delivered 25 new mobile cranes to South Korea, due to increasing urbanization across Asian countries. Asian countries are demanding these cranes, for which the company has inaugurated a new training and service centre for the after-sales services.

Terex Corporation completed the sale of its DEMAG Mobile Cranes business to Tadano Ltd. at an enterprise value of USD 215 million. The sale was based on strong industrial logic, thus making DEMAG business a global complementary product portfolio under the trademark of largest crane manufacturer

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