Development in Global Construction Sector Influencing Mobile Construction Cranes Market Growth

Posted on 2019-07-02 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jul-02 — /EPR Network/ —The mobile construction cranes market is anticipated to witness a slow growth. The latest report by Fact.MR expects the mobile construction cranes market to surpass US$ 9,000 million revenue by the end of 2018. Growth in the renewable energy projects to meet the ever-increasing demand for power supply is also one of the factors driving demand in the mobile construction cranes market.

Majority of the share in the mobile construction cranes market remain concentrated among well-established companies. The leading players in the market are focusing on research and development activities. For instance, Liebherr-International AG, one of the largest mobile construction cranes company is planning to develop fiber rope with high-strength to be used in crawler and mobile cranes.

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Mobile Construction Cranes Manufacturers Focusing on the Advancement in Crane Technology

Mobile construction cranes manufacturers are trying to develop new cranes with reduced size, weight, and cost. Use of mobile apps is allowing mobile construction cranes manufacturers to access instant information to adapt to the changing environment. For instance, the onboard computer system in the mobile construction cranes allow the crane operator to adjust to the specific requirements of the lifting process.

New mobile construction cranes are being developed with specific measurements for crane level, wind speed, and boom angle. Meanwhile, sensors installed in the mobile construction cranes offer real-time data on the operating condition of the machinery. Companies such as Liebherr, and Manitowoc exhibited new cranes with advanced technologies at various events in 2018.

Mobile construction cranes with less than 100 tons capacity are likely to witness highest sales throughout the forecast period. Low price, less fuel consumption, and convenient in assembling and carrying loads are some of the benefits of mobile construction cranes with less than 100 tons capacity.

Development in Global Construction Sector Influencing Mobile construction cranes Market Growth

Construction has emerged as one of the most dynamic industrial sectors owing to the rising infrastructure due to growing population and urbanization. Mobile construction cranes are extensively used in construction and maintenance activities. Moreover, upgradation of distribution networks and power grids due to increasing demand for energy is fueling the growth in the mobile construction cranes market.

Many heavy-construction projects including flyovers, metro projects, power projects, and industrial projects have raised the demand for mobile construction cranes in countries in the Asia Pacific region. Governments in the region are also focusing on speedy project approval, hence, construction equipment manufacturers and mobile construction cranes providers are positive about future growth.

Competitive Landscape

The report on the mobile construction cranes market offers detailed profiles of all the major market players. The report offers a dashboard view on mobile construction cranes market players. Moreover, SWOT analysis on the key players along with key strategies by players in the mobile construction cranes market has also been included in the report. Majority of the players in the mobile construction cranes market are entering into the partnerships and mergers and acquisitions to set their footprints across various countries.

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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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