Truck Cranes Market Growth, Demand by Segmentation, Region and Forecast to 2028

Posted by Preet on October 15th, 2019

Presently, proliferating growth across the truck crane market can be attributed to the swelling investments in infrastructure-oriented development. Furthermore, optimism in utilities and power distribution sectors that require truck cranes have emerged as significant applications. In order to study the overall development expected to occur in the global truck cranes market, Fact.MR has published a new assessment titled “Truck Cranes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028”. The primary aim of this study is to meticulously acquaint readers about the current & forecasted trends that are likely to transform the global market for truck cranes.

For highlighting vital facets, primary and secondary research are undertaken in the study. Almost all the statistics and data representations are attained via credible sources, making this Fact.MR investigation a transparent insight concerning the global truck cranes market. Based on this research report, the truck cranes market registered volume sales more than 9,300 Units in 2018. With significant expansions set to happen in the near future, it is estimated that global truck cranes market would grow at 4% CAGR during the period until 2028.

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Modern Truck Cranes Deliver Faster Transportation & Effective Lifting

Currently, the bid to accommodate growing demand for compact-sized, efficient construction equipment across infrastructure projects is swelling fast. Therefore, manufacturers are working to integrate multiple operations in equipment for offering higher productivity. Interestingly, upgrade of a purpose-built chassis can be seen as a prominent trend in which practicable integration of standard components such as tires, engine etc., lessens maintenance costs. Hence, to deliver an easily maneuverable as well as cost-efficient equipment, several manufacturers operating in the truck cranes market are merging improved lifting capacities together with easier transport.

Provision for Advanced Equipment Lifecycle Standards

To be precise, heavy-duty equipment industry has experienced rapid implementation of progressive technologies in hope for enhancing operational costs of equipment downtime together with a desire to increase the uptime. In response, numerous manufacturers from the global truck cranes market have integrated multiple predictive maintenance technologies for the delivery of upgraded maintenance and repair services. These enlargements are likely to motivate growth in the truck cranes market in the coming years.

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APEJ Acquires One-third Volume Sales during 2017

According to this Fact.MR study, the APEJ region held over 35% of volume sales in the global truck cranes market in 2017. The striking regional growth across APEJ is driven by China as a result of its stronghold in the equipment manufacturing sector. Presently, the concerned region emits a high demand for truck cranes that possess lifting capacity less than 150 tonnes, majorly required for urban infrastructure projects.

Finally, the research study on the global truck cranes market concludes with deeper insights about the competitive landscape. This portion discourse a widened view about all the key players functioning in the global truck cranes market. Some of the profiled players include names like Liebherr Group, Sany Heavy Industry Co., Ltd., Kato Works Co. Ltd., The Manitowoc Company, Inc., Tadano Ltd., Elliott Equipment Company (U.S.), XCMG Construction Machinery Co., Ltd., Böcker Maschinenwerke GmbH (Germany), Manitex International Inc. (U.S.) and Terex Corporation (U.S.). Each of these players are analyzed in terms of company share analysis and revenue comparison, in order to judge their contribution towards the global truck cranes market.

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