World Mobile Crane Market to Amount to USD 9.82 Bn by 2025, Forecasts The Insight Partners in Its New Report Recently Added at MarketPublishers.com
17 Oct 2017 • by Natalie Aster
LONDON – Constantly increasing global population encourages increasing investments in the infrastructure and construction sectors across different countries, thus, driving the demand for heavy machinery. Moreover, favourable government initiatives associated with upgrading of existing infrastructure also result in rising demand for heavy machinery. Today, mobile cranes are widely used in different applications including oil & gas, construction, shipping, amid others.
The world’s mobile cranes market is poised to increase at a 2.16% CAGR between 2017 and 2025 to amount to appr. USD 9.82 billion. Through 2025, the competition in this market is likely to increase and further drive the crane rental rates, resulting in overall growth of mobile crane revenue share. A great number of scheduled projects in the construction and transportation sectors is also expected to give a boost to the mobile cranes market growth in the foreseeable future. Moreover, the adoption of mobile cranes is anticipated to be spurred by uptake in ship building and repair sector, and also new cement plants construction.
Presently, APAC with high number of emerging economies together with high rate of industrialisation and robust urabnisation takes lead in the world’s mobile crane market. Europe ranks the second largest market for mobile cranes globally due to rising investments in renewable energy applications.
New research publication “Mobile Crane Market to 2025 – Global Analysis and Forecasts by Crane Type and Application” prepared by The Insight Partners presents a comprehensive market performance assessment at different geographical scales, includes a detailed market segmentation analysis based on types and applications, provides access to reliable, updated statistics and industry performance estimates. Besides, this report reviews the major market growth influencing forces, highlights top trends, delves into the competitive environment and offers valuable data on the leading companies engaged in the field. In addition, this report points out and discusses the key emerging challenges and opportunities of the world’s mobile cranes, and presents future forecasts through 2025.
A full collection of the publisher’s research reports is provided in The Insight Partners catalogue at MarketPublishers.com.