(MENAFN Editorial) iCrowdNewswire - Nov 3, 2017
report provides actionable intelligence on factors that have been driving demand; key trends that are impacting the market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments. Industry experts project Mobile Crane market to grow at a CAGR of 3.89% during the period 2017-2021.
A mobile crane is a lifting device, which incorporates a cable-controlled crane mounted on rubber-tired carriers or crawlers or a hydraulic-powered crane with a telescoping boom. It is designed for easy transportation between the various operating locations by road. It is designed to be used with different types of loads and cargo, with little or no setup or assembly. Mobile cranes are used widely in the engineering, construction, and infrastructure industries. These machines are used for loading, unloading, moving, shifting, and erecting materials. Mobile cranes lift, shift, and place loads, weighing five tons to more than 100 tons, from one point to another. Mobile cranes are available in various sizes and can be used in projects of all sizes because of the flexibility in application and low costs. The efficiency of mobile cranes lies in the amount of load they can carry and transfer.
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Mobile Crane Market Drivers, Challenges and Trends: –
- Market Driver: – one driver in market is increased infrastructure-based development. The increased construction spending globally is mainly due to the demographic changes, which are likely to fluctuate across countries, influencing both the amount and type of infrastructure spending. Growing older populations in Western Europe and Japan, for example, are expected to require more medical service facilities, while nations in Sub-Saharan Africa, the Middle East, and numerous parts of APAC are anticipated to require more schools and better transportation facilities to support the increasing number of younger people. Infrastructure development has a direct impact on the demand for mobile cranes. The need for better infrastructure leads to a high demand for mobile cranes, as they are used in a wide range of construction activities, especially in the infrastructure sector.
- Market Challenge: – one challenges in market is stringent emission norms. The mobile crane industry produces large amounts of GHGs and other air pollutants. Real-time measuring and monitoring of these emissions will enable manufacturers to assess the impact of this equipment on the environment, and aid in improving the sustainability of construction. Emission measurement systems like portable emission measurement systems (PEMS) for real-time measurement of CO₂, nitrogen oxides, hydrocarbon, and carbon monoxide emissions from construction equipment help to derive the emission rates and emission factors in operating conditions. With the implementation of the Tier 4 Pollution norms for heavy industries, companies are finding it difficult to sell their old machines, which do not comply with the new norms. These stringent regulations also increase the cost of new equipment. In addition, with the advent of Tier 5 regulations, which are expected to be rolled out by 2020, the cost of compliance is expected to increase as Tier 5 engines must have diesel particulate filters (DPF) installed to reduce the soot from the emissions.
- Market trend: – One trend in market is rising use of telematics. Telematics is being increasingly adopted in various types of machines. This global positioning system (GPS)-based technology offers many benefits to equipment owners and fleet managers. Only big players have implemented this technology until recently. However, with the advances in the technology, rental companies of all sizes have begun using it. While cost plays a big role in any organization, the advantages of telematics such as increased operational efficiency and profitability are pushing firms to adopt this technology. The data from telematics help operators to perform a detailed analysis of the operation of the equipment, its location, fault codes, and many other features, all of which can yield higher profits for the company. Most manufacturers are developing telematics solutions that provide GPS, engine usage data, access to their electronic engines, and diagnostic fault codes. Telematics has various uses, which can be customized as per the users' needs. For instance, the ability to track idle time of engines and fuel consumption for an entire fleet, which includes machines from different manufacturers, helps in saving cost significantly for end-users
Market segmentation by end-user:- mobile cranes market segmentation by end-user, in construction sector, in industrial sector, in utilities sector
Geographic Segmentation: –
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To determine the Mobile Crane market size the report considers the major drivers influencing market growth and the challenges faced by the vendors and the overall market. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Mobile Crane market space like
- Liebherr Group
- Terex and many more.
- Mobile Crane market report provides comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitors analysis.
- Report recognizes the key drivers of growth and challenges of the key industry players. Also, evaluates the future impact of the propellants and limits on the market.
- Uncovers potential demands in the market.
- Mobile Crane market report provides in-depth analysis for changing competitive dynamics
- Provides information on the historical and current market size and the future potential of the market.
Mobile Crane Market highlights following key factors:
- A complete background analysis of Mobile Crane industry, which includes an assessment of the parental market.
- Emerging trends by segments and regional markets.
- Significant changes in market dynamics & market overview.
- Market breakdown up to the second or third level.
- Market shares and approaches of key players in Mobile Crane market.
- Current and predictable size of Mobile Crane market from the perspective of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the market
- This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.
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Some of the exhibits included in Mobile Crane research report are
Exhibit 01: Various types of mobile cranes
Exhibit 02: Regional growth matrix for global mobile crane market
Exhibit 03: Values represented in the regional growth matrix
Exhibit 04: End-user growth matrix for global mobile crane market
Exhibit 05: Values represented in the product growth matrix