The Trailer-Mounted Cranes Market size was strong in 2020 and is expected to continue growing rapidly over the forecast period. The demand for these cranes is increasing due to their ability to handle materials, lift heavy loads in various industries, construction sites, and utilities. This demand is expected to drive significant revenue growth for the market. The presence of numerous heavy machinery manufacturing companies, along with rapid industrialization and increased construction activity around the world, are other key factors contributing to this growth.
Trailer-mounted cranes are machines that are mounted on trailers and are designed to lift and move heavy equipment. The global market for these cranes is growing due to increasing demand and adoption in various industries, including construction and utilities, for lifting heavy loads and handling materials. This growth is driven by factors such as rapid urbanization, increased construction activity, steady industrial growth, and technological advancements. To meet rising demand from these industries, major market players are focusing on increasing production of quality products. Technical factors such as a wide range of load bearing capacities, longer booms, better performance, higher reliability and flexibility, and enhanced safety features are contributing to the growth of the global trailer-mounted crane market.
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The Trailer-Mounted Cranes Market refers to the global market for self-powered machines that are mounted on trailers and designed to lift and relocate heavy equipment. The demand for trailer-mounted cranes is increasing due to their ability to handle materials, lift heavy loads in various industries, and for use in construction and utilities. This demand is driven by factors such as rapid urbanization, increasing construction activity, steady industrial growth, and technological advancements. Major market players are focusing on increasing production of quality products to meet rising demand from these industries. Technical factors such as a wide range of load bearing capacities, longer booms, better performance, higher reliability and flexibility, and enhanced safety features are contributing to the growth of the Trailer-Mounted Cranes Market. Notable innovations in the market include hybrid cranes, remote-controlled cranes, telescopic boom cranes, self-loading cranes, and lightweight cranes.
Driving factors of Trailer-Mounted Cranes Market
Increasing demand for trailer-mounted cranes in various industries, such as construction and utilities, for lifting heavy loads and handling materials.
Technological advancements in trailer-mounted cranes, such as improved safety features, higher load-bearing capacities, longer booms, better performance, and enhanced reliability and flexibility.
Steady industrial growth and rising construction activities around the world.
Rapid urbanization, which is leading to increased demand for infrastructure development.
Presence of a large number of heavy machinery manufacturing companies, which are contributing to the growth of the market.
Focus of major market players on increasing the production of quality products to meet rising demand from different industries.
Some of the notable innovations in Trailer-Mounted Cranes Market
- Hybrid Trailer-Mounted Cranes: These cranes are equipped with both electric and diesel engines, making them more environmentally friendly and energy-efficient.
- Remote-Controlled Cranes: These cranes can be operated remotely, allowing for safer and more efficient operation in hazardous or hard-to-reach areas.
- Telescopic Boom Cranes: These cranes are equipped with telescoping booms that allow them to reach higher and farther than traditional cranes.
- Self-Loading Cranes: These cranes have a built-in loading and unloading system, allowing for more efficient and streamlined operations.
- Lightweight Cranes: These cranes are made with lightweight materials, making them more maneuverable and easy to transport.
Some major companies in the global trailer-mounted cranes market
Liebherr, Tadano Limited, Manitowoc Cranes, XCMG, Terex Corporation, Zoomlion, Sany, Kobelco, Hitachi, Sumitomo Corporation, Furukawa, Sichuan Changjiang, Altec Industries, Elliott Equipment Company, LiuGong, Bocker Maschinenwerke GmbH, Manitex International, Inc., and Broderson Manufacturing Corp.
Type Outlook (Revenue, USD Million; 2018 – 2028)
- 50 Ton
- 50 Ton Load Capacity 100 Ton
- 100 Ton
Application Outlook (Revenue, USD Million; 2018 – 2028)
- Construction
- Industries
- Utilities
- Others
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