(MENAFN- America News Hour) In a recently published report, Global Mobile Cranes Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Mobile Cranes Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Mobile Cranes Market was valued at USD XXX Billion in 2019 and expected to grow with a CAGR XX% over the forecast period 2021-2027. Mobile cranes are powerful equipment used to move heavy material in a workplace. They are either tire-based or crawling mounted in both raw and smooth terrains to easily transport the equipment. Mobile cranes also have self-assembly capabilities that make them ideal for use in compact urban environment and building sites. .the mobile cranes market is driving by infrastructure development and increasing private public partnership.
PPPs (Public-private partnerships) are an efficient way to channel private funds for infrastructural growth in different countries. Development of infrastructure is a major contributor to rapid urban growth especially in developed countries. The infrastructure sector is a major consumer of mobile cranes, and infrastructure growth as public-private collaborations are increasingly driving demand for mobile cranes and thereby boosting their market growth. For instance, in 2018, as per United states Leadership in energy and environment design (LEED) has certified Grade A to the office building in China, which is in more than 523 million square meters and increase of 7.3% from the previous year and accounted for over 27% of the total market share in 10 prominent cities. This gives an idea of the rising opportunities for manufacturing mobile cranes in China.
Furthermore, increasing public private partnership and product launches further boost the demand of mobile cranes market in the upcoming years, for instance, Cargotec Corporation of Finland, through its business division Hiab, acquired the Effer loader cranes business from the CTE Group in August 2018. The addition of Effer adds to the company's loader cranes portfolio and expands its heavy crane inventory, which now includes cranes capable of lifting more than 100 tones. Although, harmful for environment more polluting hinder the growth of market over the forecasting period 2020-2027.
Regional Analysis
Asia Pacific is dominating the market and continue to be fastest growing region in upcoming years owing to rising construction activities in China, Japan and India. Currently, Indian government is working on the“Bharatmala Yojana” infrastructure development programmes of the Indian government aim to expand the country's road network. In 2018, the Asian Infrastructure Investment Bank (AIIB) contributed USD 200 million to India's infrastructure growth through the National Investment & Infrastructure Fund (NIIF). However North America is second dominating region due to increasing infrastructure and construction plans during the forecasting years 2020-2027.
Key Players in Global Mobile Cranes Market
Bauer AG
Liebherr-International AG
Manitowoc
LiuGong Machinery Co., Ltd.
Kobelco Construction Machinery Co., Ltd.
Kato Works Co., Ltd.
Palfinger AG
Manitex International
Sany Heavy Industry Co., Ltd.
Sarens n.v./s.a.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Truck Mounted Cranes
All Terrain cranes
Crawler Cranes
By Application:
Construction
Industrial
Utility
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Mexico
Rest of LA
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of Global Mobile Cranes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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