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Telescopic Crane Market Trends

  • Report ID: GMI9417
  • Published Date: May 2024
  • Report Format: PDF

Telescopic Crane Market Trends

The electrification of telescopic cranes is substantially fueling market growth. With heightened environmental concerns and a shift toward sustainable practices, electric cranes offer cleaner operations and reduced emissions. Additionally, they provide enhanced efficiency and lower operational costs over their lifespan. Moreover, regulatory incentives and increasing adoption of green technologies further boost demand. As a result, the electrification trend is driving lucrative expansion in the telescopic crane market, promising significant opportunities for manufacturers and stakeholders.
 

The proliferation of autonomous technology is significantly driving demand for telescopic crane. Autonomous features such as remote operation, semi-autonomous controls, and advanced safety systems enhance operational efficiency, reduce the need for skilled labor, and improve job site safety. Additionally, autonomous technology enables precise positioning and lifting tasks, increasing productivity and minimizing downtime. As industries increasingly embrace automation for efficiency gains and safety enhancements, the demand for telescopic cranes equipped with autonomous capabilities continues to rise.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of telescopic crane was reached USD 5.8 billion in 2023 and is estimated to register over 5.5% CAGR between 2024 and 2032, propelled by increasing construction and infrastructure development activities worldwide.

The truck-mounted segment in the telescopic cranes market surpassed USD 1.8 billion in 2023, driven by their superior performance, increased versatility, and enhanced efficiency for catering to a wide range of industry needs.

Asia Pacific telescopic crane market held over 35% revenue share in 2023, favored by rapid urbanization and industrial expansion.

Furukawa UNIC Corporation, Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., Kobelco Construction Machinery Co., Ltd., Liebherr-International AG, Manitex International, Inc., Sany Group Co., Ltd., Tadano Ltd., Terex Corporation and The Manitowoc Company, Inc.

Telescopic Crane Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 28
  • Pages: 280
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