The Rough-terrain Crane Market will register a CAGR of almost 3% by 2022

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Dec 20, 2018, 18:18 ET

NEW YORK, Dec. 20, 2018 /PRNewswire/ -- About this market

The increased importance of safety to drive growth in the market. With several countries, especially in the US, imposing stringent regulations to ensure crane operator certification and workplace safety, key end-user industries, such as construction and utilities, are increasingly adopting and developing crane safety procedures in the workplace. Technavio's analysts have predicted that the rough-terrain crane market will register a CAGR of almost 3% by 2022.

Read the full report: https://www.reportlinker.com/p05658090

Market Overview
Rapid growth of utilities infrastructure
Due to the maneuverability and efficiency in confined work sites and harsh environments, rough-terrain cranes find more applications in the installation and maintenance of utilities infrastructure and machinery.
Challenge from rentals
Owing to the high initial investment and maintenance costs associated with the ownership of rough-terrain cranes, customers, and end-users are increasingly opting for rental rough terrain cranes. This is majorly affecting the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the rough-terrain crane market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Liebherr and Manitowoc the competitive environment is quite intense. Factors such as the increased importance of safety and the rapid growth of utilities infrastructure, will provide considerable growth opportunities to rough-terrain crane manufactures. Liebherr, Manitowoc, Sumitomo Heavy Industries (Link-Belt Cranes), Tadano, and Terex are some of the major companies covered in this report.

Read the full report: https://www.reportlinker.com/p05658090

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