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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This, in turn, is expected to boost the demand for mobile cranes in industrial infrastructure. These cranes are effortless to transport and are utilized for everything ranging from easier pick-up and delivery to long-term, large-scale hoisting operations. Mobile cranes can be utilized for the movement of rail-mounted distribution carriages accurately in the manufacturing and storage operations, such as for handling containers of raw and auxiliary materials. Therefore, the boost in the manufacturing sector is further anticipated to drive the market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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