Global Mobile Crane Market 2015-2019 - Industry Analysis
About mobile cranes
Mobile cranes are cable-controlled or hydraulic-powered cranes, mounted on a rubber-tired or crawler carrier. They are designed to lift and transport various types of loads. These cranes can be powered by electric motors or internal combustion engines.
The global mobile crane market is one of the fastest growing segments in the material handling equipment market as a result of increase in urban infrastructure and residential construction projects.
The market is driven by many growth factors, one of which is increased investment in development of smart cities. Growing population and migration of people to urban areas has led to an increase in demand for new cities with efficient transport infrastructure facilities, which has led to a significant rise in the number of urban infrastructure projects across the globe. This has escalated the demand for mobile cranes. Also, increased investments in power plant construction is another factor that will help the growth of the global mobile crane market.
Further, fleet management services provided by mobile crane vendors is also triggering demand for cranes. Fleet management services enable procurement of real-time information pertaining to operation and fuel consumption of cranes, which helps improve productivity.
However, counterfeit equipment and unstable macroeconomic environment will pose a major challenge to crane manufacturers, and is likely to impact their profit margins.
Technavio's analysts forecast the global mobile crane market to grow at a CAGR of 6.92% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global mobile crane market for the period 2015-2019. The market size has been calculated based on total revenue generated from consumption of mobile cranes. The market forecast is based on investments in the construction sector globally. The report does not consider the sale of used equipment or the revenue generated from contracts and maintenance.
The report also presents a detailed analysis of geographical segmentation of the market, as well as the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio Announces the Publication of its Research Report – Global Mobile Crane Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Mobile Crane Market: Kobelco, Liebherr, Tadano and Terex
Commenting on the report, an analyst from Technavio’s team said: “The rising number of mobile crane 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.”
According to the report, 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.
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.
General Dynamics, Israel Aerospace Industries, Saab, Selex ES (Finmeccanica), Thales, ASELSAN, Boeing, Harris, Lockheed Martin, Northrop Grumman, Raytheon, Terma
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