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Mobile Crane Market Share

Report ID: GMI5090
Published Date: Aug 2021
Report Format: PDF

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Mobile Crane Market Share

Key mobile crane market participants include

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
Kato Works Co., Ltd.

Manufacturers are focusing on establishing strategic partnerships and acquisitions for their business expansion. The players are presenting their latest innovations in exhibitions to target the potential audience. For instance, in November 2020, Zoomlion Heavy Industry presented its various mobile cranes, including rough terrain, crawler, and truck crane, at the Bauma China 2020. This aided the company to showcase its products to potential customers at the exhibition.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The mobile crane market size surpassed USD 15 billion in 2020 and will grow at a CAGR of 5% from 2021 to 2030, says this GMI report.

All-terrain mobile cranes captured 25% market share in 2020 and will grow due to their high-performance efficiency in a range of sectors such as oil & gas production, power stations, and construction sites.

The overall industry revenue from construction application was valued at USD 8 billion in 2020 and will expand on account of supportive government regulations in countries such as the U.S., Germany, India, and Saudi Arabia.

The North America mobile crane market exceeded USD 4 billion in 2020 and will witness growth impelled by the increasing investments in construction projects in Canada and the U.S.