Mobile Crane Market, Forecast 2024-2032
The Mobile Crane Market size was valued at USD 14.35 USD billion in 2023 and is projected to reach USD 52.33 USD billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. A mobile crane, with at least one telescoping boom, is mounted on rubber-tired carriers or crawlers. The mobile crane is designed for travel to any jobsites for service of various heavy lifting duties. Also called aerial work platform or truck loaded mount cranes, the latter are utilized in large scale projects managed by various construction companies. Cranes such as floating, truck-mounted, crawler and rough-terrain cranes are found in the market where each has its application. This composition consists of the main hook, the main charge, the boom, the counterweight, the main support, the peripheral system, and the cabin. Automation technology, which has been developed drastically in some new cranes, enables the use of smart systems and sensors to cut down the danger and enhance performance. Automation rendering no-fly zones, quick data retrieval, together with other features, improves the quality and effectiveness of operations, reducing the time required for choosing the best course. By this technology it is possible to plan maintenance sessions more proactively, predict equipment failures, pinpoint training issues, and at the same time it can also monitor the performance of several units within a facility.
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This report provides a comprehensive analysis of the global mobile crane market, including key market trends, drivers, challenges, and opportunities. It offers detailed insights into market segmentation, market dynamics, and industry developments, along with profiles of leading players in the market.
The Asia-Pacific region is expected to dominate the mobile crane market due to rapid urbanization and infrastructure development. North America and Europe are also major markets for mobile cranes.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3 %% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3 %% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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