AUTOMOTIVE & TRANSPORTATION
Global Mobile Cranes Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Mobile Cranes Market, By Product Type (Truck-mounted cranes, Trailer-mounted cranes, Crawler cranes), Capacity (Up to 10 tons, 11 to 50 tons, Above 50 tons), Propulsion (Internal combustion engine cranes, Electric cranes), End-use (Construction and mining, Industrial, Ports and shipping, Utilities, Oil and gas, Transport, and logistics, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global mobile cranes market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Mobile cranes are adaptable lifting machines placed on crawlers or wheeled vehicles and designed for simple transportation to various sites. These cranes' mobility and accuracy in handling large weights make them indispensable in the manufacturing, construction, and industrial sectors. Each type of mobile crane—all-terrain, rough terrain, truck-mounted, and crawler cranes—is appropriate for a certain set of circumstances and jobs. The mobile cranes market includes the manufacturing, selling, and renting of several types of mobile cranes. The growth of infrastructure, building initiatives, and the need for effective lifting solutions across sectors are the main drivers of this industry. It includes manufacturers, suppliers, and service providers who supply maintenance, repair, and components. Market dynamics are heavily influenced by economic growth, safety requirements, and technological advancements.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rapid urbanization and industrialization.
- Increased investments in construction and infrastructure development.
RESTRAINTS
- High initial investment and maintenance costs.
- Stringent environmental regulations
OPPORTUNITIES
- Development of smart cities and large-scale infrastructure projects.
- Technological advancements in crane design and efficiency
CHALLENGES
- Skilled labor shortage for operating advanced cranes.
- Safety concerns and risk of accidents.
SEGMENTATION
- Product Type
- Truck-mounted cranes
- Trailer-mounted cranes
- Crawler cranes
- Capacity
- Up to 10 tons
- 11 to 50 tons
- Above 50 tons
- Propulsion
- Internal combustion engine cranes
- Electric cranes
- End-use
- Construction and mining
- Industrial
- Ports and shipping
- Utilities
- Oil and gas
- Transport and logistics
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Terex Corporation
- Kobelco Construction Machinery Co., Ltd
- Palfinger AG
- Tadano Ltd
- SANY Group
- Zoomlion Heavy Industries Science and Technology Co., Ltd
- Manitowoc
- Manitex, Inc.
- Liebherr Group
- LiuGong Machinery Co., Ltd
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Mobile Cranes Market, by Product Type
- 3.2 Global Mobile Cranes Market, by Capacity
- 3.3 Global Mobile Cranes Market, by Propulsion
- 3.4 Global Mobile Cranes Market, by End-use
- 3.5 Global Mobile Cranes Market, by Geography
- 3.6 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption of mobile cranes in urban infrastructure projects.
- 5.1.2 Growing use of advanced technologies like telematics and automation.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rapid urbanization and industrialization.
- 5.2.2 Increased investments in construction and infrastructure development.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial investment and maintenance costs.
- 5.3.2 Stringent environmental regulations.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Development of smart cities and large-scale infrastructure projects.
- 5.4.2 Technological advancements in crane design and efficiency.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Skilled labor shortage for operating advanced cranes.
- 5.5.2 Safety concerns and risk of accidents.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL MOBILE CRANES MARKET, BY PRODUCT TYPE
- 6.1 Product Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Mobile Cranes Market, by Product Type (2019-2032)
- SECTION 7 - GLOBAL MOBILE CRANES MARKET, BY CAPACITY
- 7.1 Capacity Summary
- 7.2 Market Attractive Index
- 7.3 Global Mobile Cranes Market, by Capacity (2019-2032)
- SECTION 8 - GLOBAL MOBILE CRANES MARKET, BY PROPULSION
- 8.1 Propulsion Summary
- 8.2 Market Attractive Index
- 8.3 Global Mobile Cranes Market, by Propulsion (2019-2032)
- SECTION 9 - GLOBAL MOBILE CRANES MARKET, BY END-USE
- 9.1 End-use Summary
- 9.2 Market Attractive Index
- 9.3 Global Mobile Cranes Market, by End-use (2019-2032)
- SECTION 10 - GLOBAL MOBILE CRANES MARKET, BY GEOGRAPHY
- 10.1 Regional Summary
- 10.2 Market Attractive Index
- 10.3 Global Mobile Cranes Market, by Geography (2019-2032)
- SECTION 11 - NORTH AMERICA MOBILE CRANES MARKET
- 11.1 North America Summary
- 11.2 Market Attractive Index
- 11.3 North America Mobile Cranes Market, by Product Type (2019-2032)
- 11.4 North America Mobile Cranes Market, by Capacity (2019-2032)
- 11.5 North America Mobile Cranes Market, by Propulsion (2019-2032)
- 11.6 North America Mobile Cranes Market, by End-use (2019-2032)
- 11.7 North America Mobile Cranes Market, by Country (2019-2032)
- 11.7.1 U.S.
- 11.7.2 Canada
- 11.7.3 Mexico
- 11.7.4 Rest of North America
- SECTION 12 - EUROPE MOBILE CRANES MARKET
- 12.1 Europe Summary
- 12.2 Market Attractive Index
- 12.3 Europe Mobile Cranes Market, by Product Type (2019-2032)
- 12.4 Europe Mobile Cranes Market, by Capacity (2019-2032)
- 12.5 Europe Mobile Cranes Market, by Propulsion (2019-2032)
- 12.6 Europe Mobile Cranes Market, by End-use (2019-2032)
- 12.7 Europe Mobile Cranes Market, by Country (2019-2032)
- 12.7.1 Germany
- 12.7.2 U.K.
- 12.7.3 France
- 12.7.4 Italy
- 12.7.5 Spain
- 12.7.6 Russia
- 12.7.7 The Netherlands
- 12.7.8 Belgium
- 12.7.9 Turkey
- 12.7.10 Rest of Europe
- SECTION 13 - ASIA-PACIFIC MOBILE CRANES MARKET
- 13.1 Asia-Pacific Summary
- 13.2 Market Attractive Index
- 13.3 Asia-Pacific Mobile Cranes Market, by Product Type (2019-2032)
- 13.4 Asia-Pacific Mobile Cranes Market, by Capacity (2019-2032)
- 13.5 Asia-Pacific Mobile Cranes Market, by Propulsion (2019-2032)
- 13.6 Asia-Pacific Mobile Cranes Market, by End-use (2019-2032)
- 13.7 Asia-Pacific Mobile Cranes Market, by Country (2019-2032)
- 13.7.1 China
- 13.7.2 India
- 13.7.3 Japan
- 13.7.4 South Korea
- 13.7.5 Singapore
- 13.7.6 Malaysia
- 13.7.7 Australia
- 13.7.8 Thailand
- 13.7.9 Philippines
- 13.7.10 Rest of Asia-Pacific
- SECTION 14 - SOUTH AMERICA MOBILE CRANES MARKET
- 14.1 South America Summary
- 14.2 Market Attractive Index
- 14.3 South America Mobile Cranes Market, by Product Type (2019-2032)
- 14.4 South America Mobile Cranes Market, by Capacity (2019-2032)
- 14.5 South America Mobile Cranes Market, by Propulsion (2019-2032)
- 14.6 South America Mobile Cranes Market, by End-use (2019-2032)
- 14.7 South America Mobile Cranes Market, by (2019-2032)
- 14.7 South America Mobile Cranes Market, by Country (2019-2032)
- 14.7.1 Brazil
- 14.7.2 Argentina
- 14.7.3 Chile
- 14.7.4 Colombia
- 14.7.5 Rest of South America
- SECTION 15 - MIDDLE EAST AND AFRICA MOBILE CRANES MARKET
- 15.1 Middle East and Africa Summary
- 15.2 Market Attractive Index
- 15.3 Middle East and Africa Mobile Cranes Market, by Product Type (2019-2032)
- 15.4 Middle East and Africa Mobile Cranes Market, by Capacity (2019-2032)
- 15.5 Middle East and Africa Mobile Cranes Market, by Propulsion (2019-2032)
- 15.6 Middle East and Africa Mobile Cranes Market, by End-use (2019-2032)
- 15.7 Middle East and Africa Mobile Cranes Market, by Country (2019-2032)
- 15.7.1 Kingdom of Saudi Arabia
- 15.7.2 South Africa
- 15.7.3 U.A.E.
- 15.7.4 Egypt
- 15.7.5 Rest of Middle East and Africa
- SECTION 16 - COMPANY SHARE ANALYSIS
- 16.1 Global Mobile Cranes Market, Company Share Analysis
- 16.2 North America Mobile Cranes Market, Company Share Analysis
- 16.3 Europe Mobile Cranes Market, Company Share Analysis
- 16.4 Asia-Pacific Mobile Cranes Market, Company Share Analysis
- SECTION 17 - COMPANY PROFILES
- 17.1 Terex Corporation
- 17.1.1 Company Snapshot
- 17.1.2 Financial Overview
- 17.1.3 Product Portfolio
- 17.1.4 Recent Developments
- 17.2 Kobelco Construction Machinery Co., Ltd
- 17.2.1 Company Snapshot
- 17.2.2 Financial Overview
- 17.2.3 Product Portfolio
- 17.2.4 Recent Developments
- 17.3 Palfinger AG
- 17.3.1 Company Snapshot
- 17.3.2 Financial Overview
- 17.3.3 Product Portfolio
- 17.3.4 Recent Developments
- 17.4 Tadano Ltd
- 17.4.1 Company Snapshot
- 17.4.2 Financial Overview
- 17.4.3 Product Portfolio
- 17.4.4 Recent Developments
- 17.5 SANY Group
- 17.5.1 Company Snapshot
- 17.5.2 Financial Overview
- 17.5.3 Product Portfolio
- 17.5.4 Recent Developments
- 17.6 Zoomlion Heavy Industries Science and Technology Co., Ltd
- 17.6.1 Company Snapshot
- 17.6.2 Financial Overview
- 17.6.3 Product Portfolio
- 17.6.4 Recent Developments
- 17.7 Manitowoc
- 17.7.1 Company Snapshot
- 17.7.2 Financial Overview
- 17.7.3 Product Portfolio
- 17.7.4 Recent Developments
- 17.8 Manitex, Inc.
- 17.8.1 Company Snapshot
- 17.8.2 Financial Overview
- 17.8.3 Product Portfolio
- 17.8.4 Recent Developments
- 17.9 Liebherr Group
- 17.9.1 Company Snapshot
- 17.9.2 Financial Overview
- 17.9.3 Product Portfolio
- 17.9.4 Recent Developments
- 17.10 LiuGong Machinery Co., Ltd
- 17.10.1 Company Snapshot
- 17.10.2 Financial Overview
- 17.10.3 Product Portfolio
- 17.10.4 Recent Developments
- SECTION 18 - RELATED REPORTS
- SECTION 19 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.