Mobile Construction Cranes Market: Manufacturers Focusing on the Advancement in

Posted by Arslan on March 12th, 2019

Manufacturers in the mobile construction cranes market are investing in the research and development activities to develop robot cranes and introduce new technology. Adoption of new technology is enabling mobile construction cranes to be energy efficient, and compact. However, mobile construction cranes market worldwide is facing challenges due to the skilled labor shortage and increased cost of labor.

The mobile construction cranes market is anticipated to witness a slow growth. The latest report by Fact.MR expects the mobile construction cranes market to surpass US$ 9,000 million revenue by the end of 2018. Growth in the renewable energy projects to meet the ever-increasing demand for power supply is also one of the factors driving demand in the mobile construction cranes market.

Mobile Construction Cranes Manufacturers Focusing on the Advancement in Crane Technology

Mobile construction cranes manufacturers are trying to develop new cranes with reduced size, weight, and cost. Use of mobile apps is allowing mobile construction cranes manufacturers to access instant information to adapt to the changing environment. For instance, the onboard computer system in the mobile construction cranes allow the crane operator to adjust to the specific requirements of the lifting process.

New mobile construction cranes are being developed with specific measurements for crane level, wind speed, and boom angle. Meanwhile, sensors installed in the mobile construction cranes offer real-time data on the operating condition of the machinery. Companies such as Liebherr, and Manitowoc exhibited new cranes with advanced technologies at various events in 2018.

Browse Full report with TOC:

https://www.factmr.com/report/2299/mobile-construction-cranes-market

The mobile construction cranes market has been segmented on the basis of product type, capacity, end-use, and region. The report provides market numbers such as volume sales, revenue, CAGR, year-on-year growth, and revenue share for all the segments and sub-segments in the mobile construction cranes market.

According to a new report by Fact.MR, the construction sector is likely to witness the substantial growth during 2018-2028 in the mobile construction cranes market. Moreover, the construction sector is expected to account for the highest revenue share bringing in more than US$ 5,000 million by the end of 2018 in the mobile construction cranes market.

Meanwhile, the government in the Middle East is investing heavily in the development of transportation, ports and building infrastructure. As a result, the enormous demand for heavy lifting equipment such as mobile construction cranes and special transport services is expected in the region.

Mobile construction cranes with less than 100 tons capacity are likely to witness highest sales throughout the forecast period. Low price, less fuel consumption, and convenient in assembling and carrying loads are some of the benefits of mobile construction cranes with less than 100 tons capacity.

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Arslan
Joined: December 18th, 2017
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