The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One key factor driving the market growth include the increasing participation of market players as they are launching new mobile cranes to compete with one another. For instance, in April 2022, Manitowoc’s Zhangjiagang launched the largest Potain topless crane in China. This new Potain MCT 805 topless tower crane is designed with an 80 m jib and provides 40 t and 32 t versions. It is a high-quality, affordable crane, and will target consumers in Asia, the Middle East, Africa, Australia, New Zealand, and Latin America.
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Moreover, in May 2022, Franna, A Terex Corp., a brand for manufacturing mobile carry and pick cranes, made its entrance at Excon India, South Asia’s largest construction equipment exhibition, with the launch of the FR-17 pick and carry mobile crane. Combining enhanced safety features with high productivity, the FR-17 was the first Franna pick and carry mobile crane that was manufactured locally at the Terex facility in Hour. The FR 17 offers operators the versatility and flexibility to cater to numerous different lifting applications as its maximum rated capacity is 17 tons. This 4WD (four-wheel drive) crane was designed with the clutch free operation and is available with outriggers in India.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Mobile Crane Market Report by Segment
By Type
- All-Terrain Crane
- Crawler Crane
- Rough Terrain Crane
- Truck Crane
By Application
- Construction
- Oil and Gas
- Manufacturing
- Power and Utilities
- Others (Mining)
Global Mobile Crane Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile crane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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