Mobile Crane Market to Grow at 7% CAGR to 2019 as Power Plant Construction Investments Rise

11 Nov, 2015, 21:00 ET from Sandler Research

PUNE, Maharashtra, November 12, 2015 /PRNewswire/ --

The rising number of mobile crane market vendors offering fleet management is also triggering the demand for cranes. These services help users gain real-time information pertaining to crane operation and fuel consumption, thus increasing productivity.

Complete report on global mobile crane market spread across 58 pages, profiling 4 major companies and supported with 22 data exhibits is now available at is now available at http://www.sandlerresearch.org/global-mobile-crane-market-2015-2019-industry-analysis.html.

Mobile cranes is one of the fastest growing segments in the material handling equipment market as a result of the growing population and migration of people to urban areas has led to an increase in demand for new cities with efficient transport and infrastructure facilities, resulting in a rise in the number of urban infrastructure projects across different countries. This has escalated the demand for mobile cranes. Also, an increased investment in power plant construction is another factor that will help the growth of the global mobile crane market.

Geographical segmentation of the mobile crane market: The APAC region is envisaged to account for the largest market share during the forecast period and is closely followed by the EMEA and the Americas. Factors like the high growth rate of the construction industry in this region and the undertaking of large infrastructure projects during the next five years will result in this region's high market share of almost 47% by 2019.

Competitive landscape and key vendors: This mobile crane market is highly fragmented and is dominated by the key players like Kobelco, Liebherr, Tadano and Terex. These major vendors dominate the market as they have an extensive product portfolio and offer quality equipment with excellent after-sales services. And the other prominent vendors are Escorts Construction Equipment, Furukawa UNIC, Guangxi LiuGong Machinery, Hitachi Construction Machinery, KATO Works, Komatsu, Konecranes, Manitowoc, Sany Group, XCMG and Zoomlion Heavy Industry Science and Technology. Order a copy of Global Mobile Crane Market 2015-2019 report @ http://www.sandlerresearch.org/purchase?rname=46230.

Further, the report states that counterfeit equipment and an unstable macroeconomic environment will pose major challenges to crane manufacturers. This is likely to impact their profit margins.

Other related report titled Global Crane Market 2015-2019 analyzes mobile cranes, marine and port cranes and fixed cranes. The analysts forecast the global crane market to grow at a CAGR of 7.75% over the period 2014-2019. The key players in the Global Crane Market are Cargotec Corp., Liebherr-International AG, Manitowoc Co. Inc., Terex Corp. and XCMG Group. The other prominent vendors in the market are American Crane and Equipment, Badger Equipment, Broderson, IHI Construction Machinery, Kobelco Cranes, Link-Belt Construction Equipment and Tadano. Access the Global Crane Market 2015 - 2019 report at http://www.sandlerresearch.org/global-crane-market-2015-2019.html.

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