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(Construction.IndustryNews247.Com, September 21, 2018 ) According to a new market research study titled 'Mobile Crane Market to 2025 - Global Analysis and Forecasts by Crane Type and Application', the global mobile crane market was valued at US$ 8.32 Bn in 2016 and is estimated to reach US$ 9.82 Bn by 2025. The report highlights the trends prevalent in the global Mobile Crane market and the factors driving the market along with those that act as deterrents to its growth.
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Top Key Players in Market
1. Liebherr-International S.A.
2. Terex Corporation
3. Tadano Ltd.
4. Zoomlion Heavy Industry Science and Technology Co. Ltd.
5. XCMG Construction Machinery Co., Ltd.
6. Sany Heavy Industry Co., Ltd.
7. Kato Works Co. Ltd.
8. Kobelco Construction Machinery Co., Ltd.
9. Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
10. The Manitowoc Company, Inc.
APAC with large number of emerging countries along with high rate of industrializing and growing urbanization is leading the mobile crane market. Europe market stood at the second largest market for mobile cranes owing to increasing investments in renewable energy application. Also, mobile crane rental market in Europe contributes a large market share. However, market in North America and Middle East is saturated from past few years owing to declining oil & gas industry.
In our study, we have segmented the Mobile Crane market by crane type and applications. The Crane Type segment of mobile crane market includes crane type, which includes truck cranes, all-terrain cranes, rough terrain cranes, crawler cranes and others. Furthermore, the application segment of the mobile crane market is segmented into construction, oil & gas, shipping & port building, power & utilities and others. On the basis of geography, the Mobile Crane market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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The global mobile crane market has been segmented on the basis of Crane Type into crawler cranes, truck cranes, all-terrain cranes, rough terrain cranes and others. Mobile Cranes find their applications into two construction sector, oil & gas sector, energy & utilities, shipping & port building and others sector. Geographically, the global mobile crane market is segmented into Europe, Middle East & Africa (MEA), North America, Asia Pacific (APAC) and South America (SAM).
APAC with large number of emerging countries along with high rate of industrializing and growing urbanization is leading the mobile crane market. Europe market stood at the second largest market for mobile cranes owing to increasing investments in renewable energy application. The key players profiled in the report are Tadano Ltd., The Manitowoc Company, Inc., Kobelco Construction Machinery Co., Ltd., Sany Heavy Industry Co., Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd., Liebherr-International S.A., Terex Corporation, Kato Works Co. Ltd., XCMG Construction Machinery Co., Ltd. and Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
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Sameer Joshi
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Source: EmailWire.Com 
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