Global Truck Mounted Crane Market
Transport

In-Depth 2024 Truck Mounted Crane Market Analysis: Growth, Share, and Emerging Trends

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2024-2033 Truck Mounted Crane Market Growth Rate: What’s the Forecast?

There has been robust growth in the truck mounted crane market size in the past few years. The market, which is slated to mature from $7.05 billion in 2023 to $7.49 billion in 2024, is forecast to show a compound annual growth rate (CAGR) of 6.3%. This growth during the historic period is due to factors such as development in construction and infrastructure, the growth of logistics and transportation, renewable energy projects, activities in oil and gas exploration, as well as urbanization and construction trends.

Anticipated robust growth in the truck mounted crane market will see it expand to a significant $9.6 billion by 2028, boasting a compound annual growth rate (CAGR) of 6.4%. This surge during the forecast period is chiefly credited to factors such as infrastructural maintenance and repair, the installation of telecommunication towers, consistent growth in renewable energy, escalating port and shipping operations, along with governmental investments in public projects. Noteworthy trends for this period include, customising for specialised uses, a focus on ergonomics and operator comfort, inclusion with fleet management systems, provision of rental and leasing services, and global proliferation and market penetration.

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What Drivers Are Accelerating the Growth of the truck mounted crane Market?

The surge in the establishment of public infrastructure facilities is predicted to accelerate the expansion of the truck mounted cranes industry. Taking into account that public infrastructures are facilities or structures built for shared use like roads, public restrooms, overhead crossings, and more, truck mounted cranes play an essential role in the development of these facilities due to their capacity to handle raw materials and construct blocks in rather constricted and populated areas. As stated in a 2021-22 survey commissioned by White and Case LLP, a law firm based in the US, which involved roughly 85 senior investors who pour their investments into American infrastructure and 15 public authorities, over one-third (34%) of those surveyed have invested no less than US$10 billion in international infrastructure assets in the 12 months leading to Q3 2021. It was projected that nearly half (49%) of the respondents planned on investing a sum exceeding US$10 billion in global infrastructure in the 12-month period leading to Q3 2022. Consequently, the truck mounted cranes market is being propelled by the surge in the construction of public infrastructure.

What Key Segments Can Be Identified in the Truck Mounted Crane Market?

1) By Type: Articulating Cranes, Hydraulic Cranes, Telescopic Cranes, Other Types

2) By Drive: Electrical, Mechanical, Hydraulic

3) By Lifting Capacity: Below 15 Ton, 15 to 30 Ton, 30 to 50 Ton, Above 50 Ton

4) By End Use: Industrial, Commercial, Infrastructure, Other End Users

What Trends Are On the Rise in the Truck Mounted Crane Market?

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What Regions Are Steering Growth in the Truck Mounted Crane Sector?

Asia-Pacific was the largest region in the truck mounted crane market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global truck mounted crane market during the forecast period. The regions covered in the truck mounted crane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Truck Mounted Crane Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the truck mounted crane market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Truck Mounted Crane Market Include

1. Truck Mounted Crane Market Executive Summary

2. Truck Mounted Crane Market Segments

3. Truck Mounted Crane Market Size And Template Market Growth Rate

4. Key Truck Mounted Crane Market Trends

5. Major Truck Mounted Crane Market Drivers

……

25. Key Mergers And Acquisitions In The Truck Mounted Crane Market

26. Top Truck Mounted Crane Companies

27. Truck Mounted Crane Market Opportunities And Strategies

28. Truck Mounted Crane Market, Conclusions And Recommendations

29. Appendix

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