Crawler Cranes Market: Rising Infrastructure Projects Presenting Potential Growth Avenues

Posted on 2019-06-07 by Mark Hub in Automotive, Industrial // 0 Comments

Rockville, USA, 2019-Jun-07 — /EPR Network/ —

The report on crawler cranes market forecast, trend analysis and competition tracking – global market insights, 2018-2028 is a comprehensive study revealing various facets of crawler cranes market. The crawler cranes market report covers various insights with respect to sales and adoption
of crawler cranes across various end use industries. The crawler cranes market report presents historic data, current crawler cranes scenario and forecast apropos to sales of crawler cranes for a period of 10 years (2018-2028).

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The competition spectrum of crawler cranes resembles consolidated landscape with several big ticket players dominating the market. Ample resource allocation towards portfolio diversification besides investing in inorganic strategies such as acquisitions and mergers have remained tactical business decisions undertaken by key vendors. Additionally, geographical expansion across emerging economies such as APAC tops the list. To cite an instance, Zoomlion Hheavy Industry Science and Technology Co Ltd. recently bagged a contract to provide crawler cranes for an upcoming expressway in Djakarta. Additionaly, Liebherr International AG is also envisioned to expand its presence in India with facility expansion to provide competent high value crawler cranes, aiming to aid construction infrastructure in the region.

To mitigate persistent challenges such as lack of skilled labor which results in low efficiency and time consumption, adoption of advanced technologies such as VR is likely to become a dominant trend in crawler cranes market, allowing 3D viewing and real-time data generation. Factors as such are likley to bolster high values growth in crawler cranes market.

A Significant Lattice Boom in the Crawler Cranes Market

The demand for lattice boom type crawler cranes is projected to expand at a significant rate during the period of forecast, 2018-2028. Lattice boom type crawler cranes offer various advantages including higher stability, greater lifting capacity (more than 300 tons) and safe movement of crawler cranes. In addition, convenient self assembling system and cost efficient transport provided by lattice boom type crawler cranes is further enhancing their sales worldwide.

“Sales of lattice boom type crawler cranes across various end use industries are estimated to witness a significant spike in the forthcoming years. The crawler cranes with lattice boom are likely to witness huge demand, particularly in the construction industry. Market valuation of crawler cranes with lattice boom is estimated to touch US$ 3,100 Mn by end of 2018, accounting for a major revenue share of the overall crawler cranes market.” – Lead Analyst at Fact.MR,

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Detailed overview of crawler cranes market spectrum presented in the report banks upon a robust research methodology comprising primary and secondary researches that divulge relevant and timely market intelligence figures. Voluminous information recorded in the report with the aid of these research approaches have been meticulously validated by in-house research analysts.

Crawler Cranes Market: Competition Landscape

This section of the report offers a detailed section on key contributors in crawler cranes market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum. Companies Such as Liebherr International AG, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co., Ltd., XCMG Construction Machinery Co. Ltd., and Sany Heavy Industry Co., collectively account for a share of more than 28 percent of the crawler cranes market.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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