NEW YORK, May 30, 2023 /PRNewswire/ -- The mobile crane market size is expected to grow by USD 9,737.54 million during 2022-2027, progressing at a CAGR of almost 7.44% as per the latest Technavio market research report. APAC is going to have lucrative growth during the forecast period. 56% of the market's overall growth is expected to originate from APAC. Due to significant spending by the government and private companies in the construction industry, it is anticipated that the need for mobile cranes in APAC would continue to expand strongly.
Construction and refurbishment of both new and old public infrastructure were receiving large funding. The massive investments in infrastructure development and modernisation are anticipated to increase demand for mobile cranes in APAC. The governments of India, China, the Philippines, and Indonesia are currently making significant investments in the development of their respective countries' infrastructure. As a result of the increasing building activity, a significant increase in mobile crane manufacturing is anticipated. The two main countries driving the APAC construction market were China and India. These factors are anticipated to drive the market during the forecast period.
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Mobile Crane Market: Increased infrastructure-based development to drive growth
The primary growth engine for all construction operations has been the enormous spending on infrastructure construction projects, particularly in developing countries. Over the forecast period, growth is anticipated to continue in the APAC countries. However, in the majority of emerging nations, the use of high-capacity mobile cranes in building activities is extremely limited or negligible. Nevertheless, it is projected that the market will expand more quickly in these areas than in other regions due to the complexity and size of the projects there. During the projected period, it is anticipated that expenditures in updating ageing infrastructure and the demand for office space in developed economies will increase the market. This is anticipated to increase demand for mobile cranes in these nations. The construction industry is one of the major end-users of mobile cranes. Thus, an increase in infrastructure-based development is expected to fuel the growth of the global mobile crane market during the forecast period.
Mobile Crane Market: Rising use of telematics is a primary trend in the market
The majority of manufacturers are working on telematics systems that offer GPS, information on how their engines are used, access to their electronic engines, and diagnostic problem codes. There are several applications for telematics that can be tailored to the demands of the consumers. For instance, the ability to monitor fuel use and engine idle time across an entire fleet of equipment from several manufacturers dramatically reduces expenses for end-users. Running remote diagnostics for rental companies might offer alternatives for resolving anything before it becomes a problem. The correct equipment and components can then be brought by a technician to the job location.
With the use of telematics, rental companies can keep track of equipment usage, enabling precise billing and open communication between the customer and the rental provider. It enables rental organisations to provide innovative billing options like hourly billing, combining time-on-rent with hours used, or charging for devices that are used in excess of pre-set limits. Additionally, rental organisations can keep track of machine demand according to need, location, and time of year. This enables them to increase utilisation and deliver machines on schedule. They can also keep an eye on the movement of their fleet, update them, and save a tonne of time. Thus, it is anticipated that throughout the forecast period, increased telematics use will fuel the expansion of the worldwide mobile crane market.
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Some of the key mobile crane market players:
The mobile crane market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Action Construction Equipment Ltd., Altec Inc., Bocker Maschinenwerke GmbH, Broderson Manufacturing Corp., Cargotec Corp., Caterpillar Inc., Deere and Co., Escorts Kubota Ltd., Konecranes, Liebherr International Deutschland GmbH, MEDIACO LEVAGE, SANY Group, SENNEBOGEN Maschinenfabrik GmbH, Shanghai Zhenhua Heavy Industries Co. Ltd., Tadano Ltd., Terex Corp., The Manitowoc Co. Inc., Tiong Woon Corp. Holding Ltd., XCMG Group, and Zoomlion Heavy Industry Science and Technology Co. Ltd.
- Action Construction Equipment Ltd.: The company offers mobile crane such as RHINO 90C mobile crane.
- Altec Inc.: The company offers mobile crane such as rear mount boom truck crane.
- Bocker Maschinenwerke GmbH: The company offers Trailer cranes and truck cranes.
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Mobile crane market: Segmentation analysis
This market research report segments the mobile crane market by Type (Truck mounted crane, Trailer mounted crane, and Crawler crane), Application (Construction, Industrial, and Utilities), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market growth in the truck mounted crane segment will be significant during the forecast period. The demand for truck-mounted cranes is primarily from developing countries, especially APAC countries, where the construction and infrastructure development activities at rise. As mobile cranes are applicable for loading and unloading goods from containers and trucks, it is witnessing high demand from logistics and transportation sectors as well. Such primary applications of truck mounted crane are expected drive its market share growth during the forecast period.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Mobile Crane Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.44% |
Market growth 2023-2027 |
USD 9,737.54 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.34 |
Regional analysis |
APAC, Europe, North America, South America, |
Performing market contribution |
APAC at 56% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, |
Key companies profiled |
Action Construction Equipment Ltd., Altec Inc., Bocker |
Market dynamics |
Parent market analysis, Market growth inducers and |
Customization purview |
If our report has not included the data that you are looking for, |
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global mobile crane market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global mobile crane market 2017 - 2021 ($ million)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Truck mounted crane - Market size and forecast 2022-2027
- Exhibit 34: Chart on Truck mounted crane - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Truck mounted crane - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Truck mounted crane - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Truck mounted crane - Year-over-year growth 2022-2027 (%)
- 6.4 Trailer mounted crane - Market size and forecast 2022-2027
- Exhibit 38: Chart on Trailer mounted crane - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Trailer mounted crane - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Trailer mounted crane - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Trailer mounted crane - Year-over-year growth 2022-2027 (%)
- 6.5 Crawler crane - Market size and forecast 2022-2027
- Exhibit 42: Chart on Crawler crane - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Crawler crane - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Crawler crane - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Crawler crane - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ million)
- Exhibit 47: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application
- 7.3 Construction - Market size and forecast 2022-2027
- Exhibit 52: Chart on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Construction - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Construction - Year-over-year growth 2022-2027 (%)
- 7.4 Industrial - Market size and forecast 2022-2027
- Exhibit 56: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
- 7.5 Utilities - Market size and forecast 2022-2027
- Exhibit 60: Chart on Utilities - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Utilities - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Utilities - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Utilities - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Application
- Exhibit 64: Market opportunity by Application ($ million)
- Exhibit 65: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2022-2027 (%)
- Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 Japan - Market size and forecast 2022-2027
- Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.10 US - Market size and forecast 2022-2027
- Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 France - Market size and forecast 2022-2027
- Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 Action Construction Equipment Ltd.
- Exhibit 119: Action Construction Equipment Ltd. - Overview
- Exhibit 120: Action Construction Equipment Ltd. - Business segments
- Exhibit 121: Action Construction Equipment Ltd. - Key offerings
- Exhibit 122: Action Construction Equipment Ltd. - Segment focus
- 12.4 Altec Inc.
- Exhibit 123: Altec Inc. - Overview
- Exhibit 124: Altec Inc. - Product / Service
- Exhibit 125: Altec Inc. - Key offerings
- 12.5 Bocker Maschinenwerke GmbH
- Exhibit 126: Bocker Maschinenwerke GmbH - Overview
- Exhibit 127: Bocker Maschinenwerke GmbH - Product / Service
- Exhibit 128: Bocker Maschinenwerke GmbH - Key offerings
- 12.6 Broderson Manufacturing Corp.
- Exhibit 129: Broderson Manufacturing Corp. - Overview
- Exhibit 130: Broderson Manufacturing Corp. - Product / Service
- Exhibit 131: Broderson Manufacturing Corp. - Key offerings
- 12.7 Cargotec Corp.
- Exhibit 132: Cargotec Corp. - Overview
- Exhibit 133: Cargotec Corp. - Business segments
- Exhibit 134: Cargotec Corp. - Key news
- Exhibit 135: Cargotec Corp. - Key offerings
- Exhibit 136: Cargotec Corp. - Segment focus
- 12.8 Deere and Co.
- Exhibit 137: Deere and Co. - Overview
- Exhibit 138: Deere and Co. - Business segments
- Exhibit 139: Deere and Co. - Key news
- Exhibit 140: Deere and Co. - Key offerings
- Exhibit 141: Deere and Co. - Segment focus
- 12.9 Escorts Kubota Ltd.
- Exhibit 142: Escorts Kubota Ltd. - Overview
- Exhibit 143: Escorts Kubota Ltd. - Business segments
- Exhibit 144: Escorts Kubota Ltd. - Key offerings
- Exhibit 145: Escorts Kubota Ltd. - Segment focus
- 12.10 Konecranes
- Exhibit 146: Konecranes - Overview
- Exhibit 147: Konecranes - Business segments
- Exhibit 148: Konecranes - Key offerings
- Exhibit 149: Konecranes - Segment focus
- 12.11 Liebherr International Deutschland GmbH
- Exhibit 150: Liebherr International Deutschland GmbH - Overview
- Exhibit 151: Liebherr International Deutschland GmbH - Product / Service
- Exhibit 152: Liebherr International Deutschland GmbH - Key news
- Exhibit 153: Liebherr International Deutschland GmbH - Key offerings
- 12.12 Shanghai Zhenhua Heavy Industries Co. Ltd.
- Exhibit 154: Shanghai Zhenhua Heavy Industries Co. Ltd. - Overview
- Exhibit 155: Shanghai Zhenhua Heavy Industries Co. Ltd. - Product / Service
- Exhibit 156: Shanghai Zhenhua Heavy Industries Co. Ltd. - Key offerings
- 12.13 Tadano Ltd.
- Exhibit 157: Tadano Ltd. - Overview
- Exhibit 158: Tadano Ltd. - Business segments
- Exhibit 159: Tadano Ltd. - Key offerings
- Exhibit 160: Tadano Ltd. - Segment focus
- 12.14 Terex Corp.
- Exhibit 161: Terex Corp. - Overview
- Exhibit 162: Terex Corp. - Business segments
- Exhibit 163: Terex Corp. - Key offerings
- Exhibit 164: Terex Corp. - Segment focus
- 12.15 The Manitowoc Co. Inc.
- Exhibit 165: The Manitowoc Co. Inc. - Overview
- Exhibit 166: The Manitowoc Co. Inc. - Business segments
- Exhibit 167: The Manitowoc Co. Inc. - Key news
- Exhibit 168: The Manitowoc Co. Inc. - Key offerings
- Exhibit 169: The Manitowoc Co. Inc. - Segment focus
- 12.16 XCMG Group
- Exhibit 170: XCMG Group - Overview
- Exhibit 171: XCMG Group - Product / Service
- Exhibit 172: XCMG Group - Key offerings
- 12.17 Zoomlion Heavy Industry Science and Technology Co. Ltd.
- Exhibit 173: Zoomlion Heavy Industry Science and Technology Co. Ltd. - Overview
- Exhibit 174: Zoomlion Heavy Industry Science and Technology Co. Ltd. - Business segments
- Exhibit 175: Zoomlion Heavy Industry Science and Technology Co. Ltd. - Key offerings
- Exhibit 176: Zoomlion Heavy Industry Science and Technology Co. Ltd. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources
- 13.5 List of abbreviations
- Exhibit 183: List of abbreviations
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