The mobile construction cranes market is led by top players holding 85% revenue share, with significant growth in all terrain cranes due to construction sector demands.
Mobile Construction Cranes Market research report categorizes the global market by Product Type (Truck Cranes, Rough Terrain Cranes, All Terrain Cranes, Crawler Cranes), by End-Use (Construction, Industrial, Utility), By Capacity (Less than 100 Tons, 100 T-200 T, 200 T-300 T, More than 300 Tons), & by Region (North America, Latin America, Europe, CIS & Russia, Japan, APEJ, MEA).
Manufacturers in the mobile construction cranes market are investing in the research and development activities to develop robot cranes and introduce new technology. Adoption of new technology is enabling mobile construction cranes to be energy efficient, and compact. However, mobile construction cranes market worldwide is facing challenges due to the skilled labor shortage and increased cost of labor.
The mobile construction cranes market is anticipated to witness a slow growth. The latest report by Fact.MR expects the mobile construction cranes market to surpass US$ 9,000 million revenue by the end of 2018. Growth in the renewable energy projects to meet the ever-increasing demand for power supply is also one of the factors driving demand in the mobile construction cranes market.
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The demand for all terrain crane, a type of mobile construction cranes is projected to expand at a significant rate during the forecast period 2018-2028. Ability to operate in all types of weather conditions and terrain, superior off-road mobility, capacity to lift high loads, and ability to move quickly on public roads are some of the benefits driving demand for all terrain cranes in the mobile construction cranes market.
Growth in the number of cement plants and shipbuilding/repair is accelerating the demand for all terrain crane in the mobile construction cranes market. Significant growth in construction and retrofit market in emerging economies are also resulting in the rising demand for all terrain cranes and other mobile construction cranes. Meanwhile, Europe is witnessing increasing up-gradation and repair of both existing infrastructure and power grids. Hence, the demand for all terrain crane in the mobile construction cranes market is likely to increase in the region.
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“Sales of all terrain cranes across various industries is estimated to increase in the coming years. Crawler cranes, a type of mobile construction cranes are also likely to witness a huge demand in the construction sector. Meanwhile, market valuation for all terrain crane is estimated to reach more than US$ 3,000 million revenue by 2018 end, accounting for maximum revenue share in terms of product in the mobile construction cranes market”, – Lead Analyst, Fact.MR.
However, high initial investment along with high maintenance cost of all terrain cranes may hamper the growth of the product in the mobile construction cranes market across various regions.
The demand for mobile construction cranes is anticipated to grow at a significant phase throughout the forecast period, 2018-2028. Rise in infrastructure development with the need for high lifting capacity application for construction involving great height is driving the growth for mobile construction cranes in the construction industry.
Asia-Pacific accounts for the largest share in the construction industry, with growth opportunities for mobile construction cranes manufacturers in India, China, and Japan. Hence, momentum in the infrastructure sector in the region is likely to result in the sluggish performance of the mobile construction cranes market. Moreover, a rise in the road, railway, and metro projects are providing good demand for mobile construction cranes.
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Heavy investment in new construction projects is expected in Southeast Asia, notably in Malaysia, Philippines, and Indonesia. Expansion in the construction industry in the region is expected to fuel the demand in the mobile construction cranes market.
According to a new report by Fact.MR, the construction sector is likely to witness the substantial growth during 2018-2028 in the mobile construction cranes market. Moreover, the construction sector is expected to account for the highest revenue share bringing in more than US$ 5,000 million by the end of 2018 in the mobile construction cranes market.
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The post Top Players In The 100 T-200 T Mobile Construction Cranes Industry Account for Nearly 85% of Revenue Share appeared first on The Cloud Tribune.
The article discusses the mobile construction cranes market, focusing on top players and growth factors in the 100 T-200 T segment.
Demand is driven by their ability to operate in various conditions and terrains, and their use in construction and retrofit markets.
The market faces challenges such as skilled labor shortages and high maintenance costs.
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