Mobile Crane Market
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 of the key factors that are driving the market includes the rising government and private sectors’ initiatives to make large funds in constructing new commercial and residential buildings and public infrastructure across the globe, thus contributing to the growth of the construction industry. As per the Institute of Civil Engineers (ICE) of the UK, in 2018, the global construction market is expected to reach $8 trillion by the end of 2030, mainly driven by the infrastructure expansion throughout China, the US, and India. The growth in infrastructure projects is, in turn, driving the demand for mobile cranes.
Segmental Outlook
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 (mining). Based on the type, the all-terrain crane segment is expected to grow significantly in the market during the forecast period owing to its high-performance ability, such as maximum load capacity and exceptional mobility and manoeuvrability. Based on the application, the construction segment is anticipated to grow significantly during the forecast period owing to the rising investment in the construction industry across the globe.
The construction industry is highly dynamic owing to the multiple factors such as high investments, overall economy, and global economic scenario that are prompting the segment’s growth in the market. The demand for construction equipment and machines is promising to witness growth during the forecast period. Moreover, numerous countries are perceiving significant Foreign Direct Investment (FDI) for the construction sector. For instance, in 2020, there was nearly $1.5 billion in foreign direct investment into Australia’s construction sector. Moreover, the funds for infrastructure in both private and public, such as the Vietnam Socio-Economic Development Plan ($61.5 billion), Indonesian National Medium-term Development Plan ($460 billion), and the Philippine Development Plan “Build, Build, and Build” ($71.8 billion), are expecting to raise the demand for construction machinery such as mobile crane in the region.
Regional Outlook
The global mobile crane market is further segmented based on regions, such as North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific region is anticipated to hold a prominent share in the market owing to the growing adoption of advanced technology-based machinery. North America is expected to grow at a CAGR during the forecast period owing to raising funds for energy and power, manufacturing, and construction sectors.
As per the Construction Management Association of America (CMAA) in 2022, with the membership of 16,500 construction and corporate owners, countries of the region are anticipating experiencing potential investments in the power and utility, construction, and manufacturing sectors. For instance, in April 2021, the Supplying Help to Infrastructure in Ports, Yards, and America’s Repair Docks (SHIPYARD) Act approved to invest of $21 billion for the recapitalization of the US Navy’s four public shipyards in Virginia, Hawaii, Maine, and Washington and further added $4 billion for private repair and construction shipyards. This has resulted in opportunities for mobile crane manufacturers to witness potential demand as such machines are used in developing shipbuilding, bridges, roads, buildings, and others. Moreover, over the past years, the export from the US to other parts of the country is also increasing drastically which is further anticipated to positively influence the growth of the market in the region.
Global Mobile Crane Market Growth by Region, 2022-2028
Market Players Outlook
The major companies operating in the global mobile crane market include Cargotec Corp., Konecranes Oyj, Tadano Ltd., Terex Corp., and Zoomlion Heavy Industry Science & Technology Co., Ltd. The market players are contributing significantly to the market growth by the adoption of several strategies including partnerships, mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, Liebherr International AG received the order of 3 mobile cranes from Herrmann & Wittrock, a rental contract. The company offered LTM 1150-5.3, LTM 1040-2.1, and LTM 1055-3.2 machines to expand the company’s crane fleet and further modernize the complete fleet of its mobile crane offering.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile crane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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.
1. GLOBAL MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL ALL-TERRAIN CRANE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL CRAWLER CRANE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ROUGH TERRAIN CRANE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL TRUCK CRANE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
7. GLOBAL MOBILE CRANE FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL MOBILE CRANE FOR OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL MOBILE CRANE FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MOBILE CRANE FOR POWER AND UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL MOBILE CRANE FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. REST OF THE WORLD MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD MOBILE CRANE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL MOBILE CRANE MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL ALL-TERRAIN CRANE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL CRAWLER CRANE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL ROUGH TERRAIN CRANE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL TRUCK CRANE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL MOBILE CRANE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
7. GLOBAL MOBILE CRANE FOR CONSTRUCTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL MOBILE CRANE FOR OIL AND GAS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL MOBILE CRANE FOR MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL MOBILE CRANE FOR POWER AND UTILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL MOBILE CRANE FOR OTHER APPLICATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL MOBILE CRANE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
15. UK MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MOBILE CRANE MARKET SIZE, 2021-2028 ($ MILLION)
