Mobile Crane Market: Key Insights Witness 3.5% of CAGR by 2028 – The Insight Partners

Posted by niket gore on August 4th, 2022

According to the latest research report titled “Mobile Crane Market Forecast to 2028 – Global Analysis and Forecasts by Type (LED, Image Sensors, Position Sensors, Temperature Sensors, Pressure Sensors, MEMS, Others); Application (Chassis, Safety & Security, Body Electronics, Powertrain, ADAS, Others); Vehicle Type (LCV, HCV, Passenger Car)

The new models of mobile cranes have driven and control systems with a variety of optional features that assist in minimizing fuel consumption, along with increasing productivity and reliability. When the engine is in idle mode, the complete pump drive is disengaged automatically, and when power is necessary, it is turned on using intelligent control within a couple of seconds. The software provides signals to the electronic engine, which adjusts its RPM automatically according to the lifting needs at the job site. For instance, Zoomlion manufactures mobile cranes featuring an energy-saving system that operates at multiple power modes, with a 20% reduction in average fuel consumption, i.e., down to 4.5 liters per hour. Zoomlion has also designed the crane’s cabs and operator information panel to be as ergonomic and safe as possible, thus maximizing potential overseas demand.

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The List of Companies:- Mobile Crane Market

 

  •         LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH
  •         Terex Corporation
  •         Tadano Ltd
  •         Zoomlion Heavy Industry Science&Technology Co., Ltd
  •         Xuzhou Construction Machinery Group Co., Ltd.
  •         Sany Group
  •         KATO WORKS CO., LTD
  •         Kobelco Construction Machinery Co., Ltd
  •         Sumitomo Heavy Industries Construction Cranes Co., Ltd.
  •         The Manitowoc Company, Inc.

 

The mobile crane market ecosystem comprises the following stakeholders—raw material providers, mobile crane component manufacturers, OEMs, and end users. Major players occupy significant positions in the various nodes of the mobile crane market ecosystem. The raw material providers supply the components such as steel plates, along with cut-to-length standard structural pipe that are fabricated into structures by welders. Various subassemblies feed into a central assembly line for a specific type and model of crane. At the assembly line, steel components are joined and electronics are added; moreover, depending on the specifications of a given crane, additional components or accessories are added. Component manufacturers provide hook, hoist, trolley, bridge, load measurement system, and lifting magnets, among others, for the cranes. The OEMs in the mobile crane market are responsible for designing assembling of equipment, and the transformation of raw materials into finished products. Significant growth in the residential and commercial construction activities due to increasing urbanization, growing focus on improving the fuel economy of vehicles, and high demand for efficient vehicles are anticipated to present significant opportunities for the companies planning to enter this market.

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Benefits of Mobile Cranes to Favor Market Growth

The fundamental advantage of mobile cranes is their compactness and ease of access at small building sites, particularly in urban settings. Mobile cranes require less site area to operate than tower cranes and accomplish the same activities as fixed cranes. Furthermore, transportable cranes do not need to be assembled at each location, saving time and decreasing labor requirements. Liebherr introduced the MK 73-3.1 mobile construction crane in March 2021, which is the smallest in Liebherr's mobile construction crane family. The new product complements the crane series of the company, which includes the MK 88-4.1 and MK 140. The company launched this compact 3-axle crane in response to the market’s desire for a tiny, compact, and agile mobile construction crane performing quick and versatile operations. Such developments in functionalities are propelling the mobile crane market growth.

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niket gore

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niket gore
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