China mobile cranes market is estimated to grow at a CAGR of 6.2% during the forecast period. Some pivotal factors encouraging market growth include the rising industrialization and growth in the construction industry. Rising industrialization has been reported in the country owing to the Chinese government initiatives to promote industrialization. For instance, in May 2015, the Chinese government launched the Made in China (MIC) 2025 initiative which aims to enhance productivity and conduct advances in industrial processes. Under the initiative, the government of China is carrying out the operation of advancing infrastructure and leverage technological advances.
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Some crucial players in the market include Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Liebherr-International AG, Konecranes, and Sany Heavy Industry Co., Ltd. To increase their market share, the market players are using strategies such as mergers and acquisitions and product launches. For instance, in July 2020, XCMG revealed and delivered the 750 ton XCA750 eight axle All Terrain crane which is designed particularly for repair and maintenance work of wind turbine. This new crane features a seven section 92 meter main boom, topped by a heavy-duty hydraulically erected wind turbine extension, which takes the maximum hook height to 115 meters at which it can handle up to 62 tons.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
China Mobile Cranes Market-Segmentation
By Product Type
- Truck Mounted Crane
- Crawler Crane
- Trailer Mounted Crane
By Application
- Construction
- Industrial
- Utility
The Report Covers
- Comprehensive research methodology of the China mobile cranes market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the China mobile cranes market.
- Insights about market determinants which are stimulating the China mobile cranes market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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