The Truck Mounted Crane Global Market Report 2023, provides comprehensive information on the truck mounted crane market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Truck Mounted Crane Global Market Report 2023, the global truck mounted crane market size is expected to grow from $6.76 billion in 2022 to $7.18 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global truck mounted crane market size is expected to grow to $9.00 billion in 2027 at a CAGR of 5.8%.
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Product innovation is a key trend gaining popularity in the truck mounted cranes market. Major companies operating in the truck mounted cranes market are introducing innovative products to sustain their position in the market. For instance, in May 2020, Zoomlion Heavy Industry Science & Technology (Zoomlion), a China-based construction, and agriculture machinery manufacturer launched ZTC250N-EV, a purely electric truck crane. ZTC250N-EV is equipped with a high energy storage density LFP battery and intelligent control systems that allow high precision of vehicle and enhanced safety. It is a 25-ton weighted crane truck that can reach a maximum speed of 90 Km/h and a maximum gradeability of 50%. Moreover, incurs a cost that is only 35% of other fuel-powered products and produces zero emissions making it more environment-friendly and cost-efficient than other truck cranes.
The truck mounted crane market is segmented:
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
Asia-Pacific was the largest region in the truck mounted crane market in 2022.
The table of contents in TBRC’s truck mounted crane market report includes:
- Executive Summary
- Truck Mounted Crane Market Characteristics
- Truck Mounted Crane Market Trends And Strategies
- Truck Mounted Crane Market – Macro Economic Scenario
- Truck Mounted Crane Market Size And Growth
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- Africa Truck Mounted Crane Market
- Truck Mounted Crane Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Truck Mounted Crane Market
- Truck Mounted Crane Market Future Outlook and Potential Analysis
- Appendix
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