North American mobile cranes market is estimated to grow at a CAGR of 6.1% during the forecast period. The market was valued at nearly $4.1 billion in 2019, which is estimated to reach nearly $6.2 billion in 2026. The major factors encouraging market growth include the rising infrastructure spending and growing mining sector in the region. Increasing mining operations are expected to drive market growth. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals, which is over $2 billion higher than the revised 2018 production totals (as per the US Geological Survey). The materials that can be extracted from the seabed comprise mineral sands (ilmenite, rutile, zircon), gold, tin (cassiterite), aluminum (bauxite), diamond deposits, and rocks salts. Mobile cranes are used in the mining sector for the excavation of raw materials from open-cast mining fields. Heavy-duty process cranes are used in the mining sector that can carry dangerous and extra-heavy loads and must be protected against corrosion from heat, moisture, and dust for continuous use.
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The market is segmented based on product type and application. Based on product type, the market is classified into the truck mounted crane, crawler crane, and trailer mounted crane. Based on application, the market is segmented into construction, industrial, and utility. The rising construction industry is supporting to drive market growth. Rising infrastructure spending is one of the factors promoting the growth of the construction industry in the region. As per the USA Facts, in 2019, the US Federal government invested $29 billion in infrastructure and transferred an additional $67 billion in infrastructure expenditure to the US states. Truck-mounted cranes are being significantly used for a comprehensive range of jobs and are extensively used in a range of construction projects. The lifting capacity can range from 5-2,000 tons 35-100 is often used. Since this kind of crane has a short site preparation time and transportable, they are normally utilized for short hire periods.
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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
North American Mobile Cranes Market-Segmentation
By Product Type
- Truck Mounted Crane
- Crawler Crane
- Trailer Mounted Crane
By Application
- Construction
- Industrial
- Utility
North American Mobile Cranes Market– Segment by Country
- US
- Canada
The Report Covers
- Comprehensive research methodology of the North American 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 North American mobile cranes market.
- Insights about market determinants which are stimulating the North American 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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