Due to the nature of industry products, industry growth is largely tied to the health of the construction sector. Over the past five years, as the construction sector has worked its way back up to prerecessionary levels, demand for boom trucks, mobile telescopic cranes and related products has resurged. In the coming years, continued growth in the construction sector is anticipated to keep demand high for the Truck-Mounted Crane Manufacturing industry. Indeed, infrastructure overhauls dealing with road and highway construction and transmission capabilities are anticipated to drive demand for truck-mounted cranes.
This industry manufactures truck-mounted cranes and their related parts. Truck-mounted cranes are designed to provide simple set-up and long-reach, high-capacity booms. These cranes can travel from site to site at highway speeds and are suitable for urban and suburban uses. The industry includes all-terrain cranes and boom trucks; however, rough-terrain cranes are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.