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Bucket Trucks Market Outlook Development Factors, Latest Opportunities and Forecast by 2032
The bucket trucks market in the United States is presently valued at approximately $439.4 million in 2022. The United States boasts one of the world's most substantial industrial and commercial sectors, and it held a dominant market share of about 89.9% in the North American region in 2021.
The worldwide bucket trucks market is poised to be valued at $1,333.6 million in 2022, with a projected compound annual growth rate (CAGR) of 3.5%. By the conclusion of 2032, it is anticipated to reach a total valuation of $1,872.4 million.
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The global bucket trucks market has witnessed a remarkable transformation in recent years, driven by technological advancements that have significantly improved efficiency and safety. These innovative developments are reshaping the industry and empowering various sectors, including utilities, telecommunications, construction, and forestry, to work more effectively and sustainably.
Telematics and IoT Integration
One of the most significant technological leaps in the bucket trucks market is the integration of telematics and the Internet of Things (IoT). Telematics systems now offer real-time tracking, monitoring, and data analytics for bucket trucks. This not only enhances the efficiency of fleet management but also promotes safety by allowing operators and managers to track vehicle performance, maintenance schedules, and driver behavior.
With IoT devices, these trucks can communicate seamlessly with centralized systems, sending and receiving critical information. Operators can remotely diagnose issues, schedule maintenance, and ensure that the equipment is operating at its best. This level of connectivity minimizes downtime and optimizes the use of bucket trucks.
Smart Controls and Automation
Advancements in smart controls and automation have revolutionized the way operators work with bucket trucks. These systems offer precision control over the vehicle's movements, which is especially vital in industries such as tree care, where delicate and precise positioning is required.
Automated features, such as load monitoring, assist operators in optimizing safety and productivity. Operators can now rely on automated safety measures, reducing the risk of accidents and ensuring that the equipment operates within safe limits. Automated control systems are making it easier for workers to use bucket trucks effectively, regardless of their level of experience.
Green Advancements: Battery-Powered Bucket Trucks
The drive toward sustainability and reduced carbon emissions has led to innovations in the development of battery-powered bucket trucks. These eco-friendly alternatives are gaining popularity as they offer zero emissions and reduced noise pollution. Electric bucket trucks are quieter, environmentally friendly, and cost-effective, making them a preferred choice for operators committed to sustainability.
The transition to battery-powered bucket trucks has also brought about advancements in battery technology. Longer-lasting batteries and faster charging times are extending the operational hours of these vehicles, increasing their efficiency.
Competitive Landscape
The competitive landscape in the bucket truck manufacturing industry is shaped by several key players, including Tadano Limited, TIME Manufacturing Company, Inc., Terex Corporation, AICHI Corporation, Manitex International, Inc., Palfinger AG, The Manitowoc Company, Altec Industries, Socage S.R.L, CTE Group, and Duralift.
These leading manufacturers are committed to integrating sustainable technologies and optimization systems to cater to diverse end-users. They are actively engaged in the development of innovative product designs aimed at addressing challenges related to product placement in demanding operational conditions. Furthermore, their marketing strategies emphasize expertise, professionalism, and the provision of cost-effective maintenance solutions.
In a noteworthy development, in January 2021, Versalift Parent Time Manufacturing Company, a prominent bucket truck manufacturer, announced its acquisition of Ruthmann, a European manufacturer specializing in aerial work platforms. This strategic acquisition is anticipated to be finalized in the first quarter of 2021. Ruthmann, headquartered in Gescher-Hochmoor, Germany, brings with it a rich history of producing high-quality, truck-mounted aerial work platforms.
Segmentation of Bucket Trucks Industry Research
By Lifting Capacity:
< 500 Kg
500 - 1000 Kg
> 1000 Kg
By Type:
Articulated
Telescopic
By Model:
Standard
Hybrid
By Insulation Type:
Insulated
Non-insulated
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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Technological advancements are revolutionizing the bucket trucks market, enhancing efficiency, and transforming the way industries operate. Telematics, automation, green technologies, augmented reality, and data analytics have made bucket trucks safer, more eco-friendly, and significantly more efficient. As these innovations continue to evolve, the bucket truck industry will remain at the forefront of progress, improving the productivity and sustainability of businesses across various sectors.
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Airless Tires MarketTrain Control and Management Systems MarketAutomotive Switches Market
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Carry Deck Crane Market Innovation Focused on Safety Automation and Compact Design Efficiency
The global carry deck crane market is experiencing a steady rise due to increasing demand for compact, versatile lifting equipment in various industries. Carry deck cranes are small, four-wheeled, portable cranes with a rotating boom and a deck for loading materials. Their ability to operate in confined spaces and navigate through industrial sites makes them indispensable for construction, maintenance, oil & gas, and industrial projects.
These cranes are primarily used for material handling, equipment maintenance, and short-distance load transportation in industrial environments. The key advantages of carry deck cranes include their mobility, flexibility, ease of operation, and minimal setup time. Such attributes have made them a preferred choice in indoor facilities, shipyards, warehouses, and urban construction zones.
Market Drivers
One of the most significant drivers of the carry deck crane market is the boom in construction and infrastructure development across the globe. Rapid urbanization and industrialization in emerging economies like India, China, and Southeast Asia are creating strong demand for versatile lifting machinery. Additionally, developed countries are investing heavily in upgrading infrastructure, further boosting the need for mobile and adaptable cranes.
The oil and gas sector is another major contributor to market growth. Carry deck cranes are used extensively in maintenance and repair operations on drilling sites, especially in offshore and remote locations where space is limited. Their compact design enables them to perform essential lifting tasks without interfering with ongoing operations.
Furthermore, the growing adoption of automation and advanced safety features in crane technology is enhancing operational efficiency and driving demand. Manufacturers are now offering cranes with advanced telemetry, remote-control features, real-time diagnostics, and safety interlocks to reduce human error and increase productivity.
Market Challenges
Despite the promising growth, the carry deck crane market faces certain challenges. High initial investment costs and maintenance expenses can act as barriers for small and medium enterprises (SMEs). In addition, the market is subject to strict safety and emission regulations, especially in developed countries. Manufacturers must invest heavily in research and development to comply with these standards, which can increase the final product cost.
Moreover, competition from alternative lifting equipment such as forklift trucks and telescopic handlers can limit the growth of the carry deck crane market in certain applications. These alternatives offer similar lifting capacities and might be more cost-effective in specific scenarios.
Regional Insights
North America currently leads the carry deck crane market, driven by a mature construction industry, high infrastructure spending, and a strong oil and gas sector. The U.S. is the dominant country in this region, with several prominent manufacturers and ongoing investments in industrial development projects.
Europe holds the second-largest market share, with countries like Germany, the UK, and France emphasizing modernization and eco-friendly construction practices. Stringent safety and emissions regulations are also pushing European manufacturers to innovate and improve their crane models.
Asia-Pacific is expected to witness the fastest growth rate in the coming years. The increasing number of smart city projects, transportation infrastructure upgrades, and industrial expansion in countries such as China, India, and Japan are creating significant demand. Additionally, the cost competitiveness of regional manufacturers is attracting international clients.
Competitive Landscape
Key players in the carry deck crane market include Terex Corporation, Broderson Manufacturing Corp., Manitex International, Inc., SANY Group, and XCMG Group. These companies are focusing on innovation, expanding product portfolios, and forming strategic partnerships to strengthen their market position.
Technological advancements such as hybrid engines, telematics, and enhanced operator comfort are being incorporated into newer models to meet customer needs. Additionally, after-sales services and fleet management solutions are becoming essential components of competitive strategies.
Future Outlook
The carry deck crane market is poised for sustained growth in the coming decade. As industries continue to seek compact and efficient lifting solutions, the demand for these cranes will rise. Continued investment in construction, industrial automation, renewable energy projects, and oil & gas exploration will act as catalysts for the market.
With ongoing R&D, improved safety standards, and customization options, carry deck cranes will remain a vital part of material handling and industrial operations worldwide. Companies that focus on innovation and customer-centric solutions will be best positioned to capitalize on the emerging opportunities in this dynamic market.
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Mobile Crane Market set to hit $37.3 billion by 2035
Industry revenue for Mobile Crane is estimated to rise to $37.3 billion by 2035 from $15.5 billion of 2024. The revenue growth of market players is expected to average at 8.3% annually for the period 2024 to 2035.
Mobile Crane is critical across several key applications including construction, industrial, oil & gas and shipping & logistics. The report unwinds growth & revenue expansion opportunities at Mobile Crane’s Product Type, Application, Weight Lifting Capacity and Drive Type including industry revenue forecast.
Industry Leadership and Competitive Landscape
The Mobile Crane market is characterized by intense competition, with a number of leading players such as Liebherr Group, The Manitowoc Company Inc, Terex Corporation, Tadano Ltd, XCMG Group, Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd, Kato Works Co. Ltd, Kobelco Construction Machinery Co. Ltd, Zoomlion Heavy Industry Science and Technology Co. Ltd, Sany Heavy Industry Co. Ltd, Manitex International Inc and Palfinger AG.
The Mobile Crane market is projected to expand substantially, driven by rising construction activities and technological advancements. This growth is expected to be further supported by Industry trends like Stringent Safety Regulations.
Detailed Analysis - https://datastringconsulting.com/industry-analysis/mobile-crane-market-research-report
Moreover, the key opportunities, such as rise of smart cranes, demand from renewable energy sector and growth in infrastructure development projects, are anticipated to create revenue pockets in major demand hubs including U.S., China, Germany, Japan and India.
Regional Shifts and Evolving Supply Chains
North America and Europe are the two most active and leading regions in the market. With challenges like high maintenance costs and stringent regulations and safety concerns, Mobile Crane market’s supply chain from raw material procurement / component manufacturing / assembly & testing to end user applications is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Indonesia, Vietnam and Nigeria for revenue diversification and TAM expansion.
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DataString Consulting offers a complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. We offer bespoke market research projects designed to meet the specific strategic objectives of the business. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. DataString Consulting’s data aggregators and Industry experts monitor high growth segments within more than 15 industries on an ongoing basis.
DataString Consulting is a professional market research company which aims at providing all the market & business research solutions under one roof. Get the right insights for your goals with our unique approach to market research and precisely tailored solutions. We offer services in strategy consulting, comprehensive opportunity assessment across various sectors, and solution-oriented approaches to solve business problems.
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Crane Market Landscape: Trends, Drivers, and Forecast (2023-2032)
The Crane Market is projected to witness substantial growth, with its value expected to surge from USD 33,068.88 million in 2024 to USD 52,667.01 million by 2032, reflecting an impressive compound annual growth rate of 5.99%.
The crane market refers to the global industry involved in the design, manufacturing, sale, and maintenance of cranes, which are essential lifting and material handling equipment used across various sectors such as construction, manufacturing, shipping, and logistics. This market encompasses a wide range of crane types, including mobile cranes, tower cranes, loader cranes, and fixed cranes, each serving specific functions and industries. The demand for cranes is largely driven by the growth in construction activities, infrastructure development projects, and the expansion of the shipping industry. Innovations in crane technology, such as the development of more efficient, safer, and environmentally friendly cranes, are also significant contributors to market growth.
Regional market dynamics can vary significantly, with high growth potential in emerging economies due to rapid urbanization and industrialization, while mature markets focus more on upgrading and replacing old equipment. Additionally, the market is influenced by regulatory standards related to safety and emissions, which drive the development and adoption of new technologies. Overall, the crane market is a dynamic and essential segment of the broader construction and heavy machinery industries, playing a critical role in enabling large-scale construction and industrial activities around the world.
The crane market faces several challenges that impact its growth and operations. One significant challenge is the high initial cost of cranes, which can be a substantial financial burden for smaller companies or those in developing regions. This can limit market penetration and slow down the adoption of new technologies. Additionally, the maintenance and operational costs of cranes are high, requiring regular servicing and skilled personnel to ensure safety and efficiency, further adding to the overall expense.
Another critical issue is the complexity and variability of regulatory standards across different regions. Compliance with safety and environmental regulations requires ongoing investment in research and development, as well as adaptations to meet local laws, which can be both time-consuming and costly for manufacturers and operators.
The crane market is also highly susceptible to economic fluctuations. During economic downturns, construction and infrastructure projects are often delayed or canceled, leading to a decrease in demand for cranes. This cyclic nature of the market makes it difficult for companies to maintain steady growth and can result in financial instability.
Key Players-
Hyva
Sany India
XCMG
Tadano Ltd. (Japan)
The Manitowoc Company Inc (the USA)
Cargotec Oyj (Finland)
Manitex International Inc. (USA)
Liebherr Group (Switzerland)
Terex Corporation (USA)
Sumitomo Heavy Industries Construction Crane Co. Ltd (Japan)
More About Report- https://www.credenceresearch.com/report/crane-market
Crane Market Competitive Analysis-
Regional Analysis:
North America: Mature market with a focus on upgrading and replacement of old equipment.
Europe: Strong emphasis on technology and compliance with stringent safety and environmental regulations.
Asia-Pacific: Rapid growth due to urbanization and infrastructure development, particularly in China and India.
Middle East & Africa: Increasing demand driven by large-scale construction projects and investments in infrastructure.
Technological Advancements:
Automation: Integration of automated systems and remote operation capabilities.
Safety Features: Development of advanced safety systems to meet regulatory requirements and enhance operational safety.
Environmental Innovations: Focus on reducing emissions and improving energy efficiency.
Competitive Strategies:
Product Innovation: Continuous development of new models with enhanced capabilities and features.
Strategic Partnerships: Collaborations and alliances to expand market reach and technological expertise.
Customer Service: Strong emphasis on after-sales service and support to build customer loyalty.
Geographic Expansion: Expansion into emerging markets to capitalize on growth opportunities.
Market Trends:
Green Technologies: Increasing demand for eco-friendly cranes to comply with environmental regulations and sustainability goals.
Rental Services: Growth of crane rental services as a cost-effective solution for companies.
Digitalization: Adoption of digital tools and IoT for better fleet management and maintenance.
Challenges:
Economic Fluctuations: Sensitivity to economic cycles impacting construction and infrastructure projects.
Regulatory Compliance: Adapting to varying safety and environmental standards across regions.
High Costs: Initial, maintenance, and operational costs can be prohibitive for some companies.
Opportunities:
Infrastructure Development: Ongoing and planned infrastructure projects worldwide present significant growth opportunities.
Technological Integration: Advancements in technology provide opportunities to develop more efficient and innovative cranes.
Emerging Markets: High growth potential in regions with increasing industrialization and urbanization.
Market Share:
Leading companies hold substantial market shares, driven by their extensive product portfolios, brand reputation, and global presence.
Smaller players and new entrants compete by focusing on niche markets, offering specialized products, or providing competitive pricing.
Future Outlook:
The crane market is expected to continue growing, driven by technological advancements, increasing urbanization, and the need for modern infrastructure.
Companies that innovate and adapt to changing market conditions, regulatory requirements, and customer needs will maintain competitive advantages.
Segments:
Based on Type
Mobile Crane
Fixed Crane
Marine
Off-shore Crane
Based on Application Type
Construction and Mining
Marine and Offshore
Industrial Applications
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The global crane aftermarket is predicted to register a CAGR of 6% over the forecast period, as per FMI’s analysis. The industry’s market size is anticipated to rise from US$ 7.42 billion in 2023 to US$ 13.29 billion by 2033 end.
The world’s rising energy demand, which is driving up the requirement for reliable power grids, is predicted to drive the crane aftermarket. Many nations have made commitments in recent years to provide significant financial and non-financial resources for the modernization and growth of electricity grids as well as for the revitalization of the distribution infrastructure.
Additionally, it is anticipated that the substantial investments to support the development of reliable energy transmission and distribution (T&D) networks while modernizing the current networks will drive the crane aftermarket. Due to the rapid adoption of cranes in the manufacturing and industrial sectors, the market is also anticipated to expand steadily.
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The escalating deployment of monorail cranes and gantry cranes in factory set-up applications and heavy material handling is expected to push the market expansion. Further, the increasing demand for crawler cranes to steer rough and inaccessible surfaces and lift tremendously heavy loads is projected to enhance market scope over the forecast period.
Key Highlights of the Crane Aftermarket:
North American market is projected to be augmented by the presence of strict safety laws in the region, which ensure routine maintenance and fuel the demand for aftermarket replacements and spare parts like shafts and gearboxes. For instance, the Occupational Safety & Health Administration (OSHA) has mandated routine inspections of OSGA-permitted cranes.
The Europe market is being pulled forward by the increasing demand for crane aftermarket services and products. This has been prompted by the surging construction activities for residential buildings in countries, such as the Netherlands and Germany.
The market is set to observe a growing preference for mobile crane aftermarkets. Mobile cranes offer a plethora of advantages, including a high level of mobility and great strength. These functionalities enable the uplifting of heavy material in small working spaces. These cranes are also anticipated to witness an increase in demand for forestry, shipbuilding, and mining applications.
A Glimpse of the Current Market Competition Scenario
Altec Industries
Columbus Mckinnon Corporation
Hiab
Bonfiglioli
Kato Works Co. Ltd.
Kobelco Construction Machinery
Manitex International
Manitowoc
Konecranes
Palfinger AG
Sany Group
Tadano Ltd.
Terex Corporation
XCM
Zoomlion
New Market Updates:
In November 2019, Elliott Equipment Company revealed that it has partnered with Beacon Funding Corporation, which is a construction equipment financing firm. With the help of this partnership, Elliott’s customers were able to leverage the advantages of financial services offered by Beacon Funding Corporation.
In April 2018, Scanreco introduced the SCAN500 Mini Transmitter remote control, equipment that satisfies the requirements of OEM and aftermarket systems for heavy-duty cranes. The controller contains an ergonomically crafted touchscreen display for better equipment performance with the least operator fatigue.
Key Market Segmentation
By Type:
Replacement Parts
Gears
Shafts
Motors
Brakes
Controls
Others
Service
By Application:
Mobile Crane
Replacement Parts
Services
Replacement Parts
Services
Replacement Parts
Services
Replacement Parts
Services
Fixed Crane
Replacement Parts
Services
Replacement Parts
Services
Replacement Parts
Services
Replacement Parts
Services
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Manitex International Inc Makes a Striking Comeback, Regaining Profitability in Impressive Financial Performance for Year Ending September 30, 2023 https://csimarket.com/stocks/news.php?code=MNTX&date=2023-11-02164152&utm_source=dlvr.it&utm_medium=tumblr
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Boom Truck Cranes Market 2019 By Industry – Key Players Analysis, Sales, Supply, Demand and Forecast to 2026
Boom Truck Cranes Market 2019 By Industry – Key Players Analysis, Sales, Supply, Demand and Forecast to 2026
“Global Boom Truck Cranes Market” Report is a comprehensive study on current state of Xxx Industry along with competitive and comparative analysis of key players, demand for products and segmentation by type, applications and investment opportunities for interested people or companies.
The new research from Global QYResearch on Boom Truck Cranes Market ShareReport for 2019 intends to offer…
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#Boom Truck Cranes#Elliott Equipment Company#Global Boom Truck Cranes Market#Machinery & Equipment#Manitex#Port#Terex
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MANITEX2018
MANITEX 2018 INAUGURATION
Nov 5
The first Manipur International Textile Expo (MANITEX) was inaugurated on November 05, 2018 at Manipur Trade and Expo, Lamboikhongnangkhong, Imphal.
OBJECT
The expo was organised with an objective of promoting handloom and garments products of the state.
THEME
Looms for Employment Generation
TWO MOAs SIGNED ON THE OPENING DAY
The State Government along with two…
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Stark Pipeline Services Waller, Texas 2014 Peterbilt 367 / Manitex Model 50110S 50 Ton Capacity Truck Mounted Crane #starkpipelineservices #stark #peterbilt #peterbilt367 #truck #trucks #crane #cranes #manitex #50ton #rigging #truckmountedcrane #wallertx #sethgranville #x635photos (at Waller, Texas) https://www.instagram.com/p/BnXO37IH_wg/?utm_source=ig_tumblr_share&igshid=1wgcpicfka5id
#starkpipelineservices#stark#peterbilt#peterbilt367#truck#trucks#crane#cranes#manitex#50ton#rigging#truckmountedcrane#wallertx#sethgranville#x635photos
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Partes para grúas industriales Manitex - Tepic (Nayarit, méxico) - Otros vehículos (Motor) [Anuto]
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Crane Aftermarket revenue to hit $15 Bn by 2032, Predicts Global Market Insights Inc.
Crane Aftermarket revenue to hit $15 Bn by 2032, Predicts Global Market Insights Inc.
Global Market Insights Inc. Leading crane aftermarket companies include Altec Industries, Bonfiglioli, Columbus Mckinnon Corporation, Hiab, Kato Works Co. Ltd., Kobelco Construction Machinery, Konecranes, Manitex International, Manitowoc, Palfinger AG, Sany Group, Tadano Ltd., Terex Corporation, XCM, and Zoomlion. Selbyville, Delaware, Dec. 08, 2022 (GLOBE NEWSWIRE) — Crane Aftermarket is…
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2007 Peterbilt 379 With Manitex 2281C Crane 333,174 Miles VIN: 1XP5DB9X97N671605 475 HP CAT C15 Acert Engine Manual 13-Speed Eaton-Fuller Transmission 3.55 Ratio 6x4 Drive Chassis Double Framed Air Ride Suspension Tandem Rear Axle Class 8 GVWR...
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GCC Mini Cranes Market Targets US$ 41.1 Million by 2032 with a 5.8% CAGR – Insights from Future Market Insights The GCC mini cranes market report, authored by Future Market Insights-an ESOMAR Certified Market Research and Consulting Firm-unveils profound insights and meticulous analysis of the GCC mini cranes market. Encompassing the research’s ambit and essence, the report scrutinizes the driving determinants, market expanse, and predictive statistics for GCC mini cranes. It offers exhaustive breakdowns of revenue and shipment segments, with an extensive 10-year forecast till 2032. Furthermore, the document evaluates pivotal industry players, their market apportionments, the competitive terrain, and regional insights. Future Market Insights (FMI) predicts that the GCC market for mini cranes will increase between 2022 and 2032 at a CAGR of 5.8%, reaching a value of US$ 41.1 million. In 2022, Mini Cranes Type, Pick, and Carry Cranes will account for more than 52.1% of the GCC market. The demand for mini cranes has increased as a result of the growth of public infrastructure and the popularity of entertainment locations like museums, galleries, and theme parks that must heavily rely on goods-lifting machinery due to space limitations. The increased investment in leisure time in the countries of the Gulf region is what motivates this. For instance, in order to improve its hospitality, the UAE is focusing on developing large-scale projects like the Abrahamic Centre. Request For Sample Report: Elevate Your Industry Intelligence with Actionable Insights https://www.futuremarketinsights.com/reports/sample/rep-gb-15685 Rubber-tired mini cranes are another product that manufacturers are concentrating on creating because of their interior applications in GCC nation skyscrapers and high-rise structures. The demand for light lifting equipment with safety features has grown as a result of a recent wave of incidents in the area. Due to their ease of operation in small and constrained spaces, mini cranes have superior components and more safety measures, which is increasing demand for these tools in the region. The use of mini cranes has grown significantly over the past few years, as has their manufacture all over the world. The capacity of tiny cranes to operate well in small places and compact regions is predicted to significantly increase demand, despite the fact that they are niche products. Key Takeaways of Mini Cranes Market Study Over the course of the forecast period, the value of the mini cranes with lifting capacity between 2 to 4.9 tons is estimated to account for about 15.4 Mn in 2022. In terms of Type, Pick and Carry Cranes is anticipated to account for more than 52% of the GCC market and grow at a value CAGR of about 5.3% during the projected period. In the GCC market, demand for fuel-operated mini cranes is increasing at a value CAGR of 5.7%. The Construction industry in GCC Mini Cranes is projected to expand at 6.2%, making it a prominent sector as a result of increased investment in real estate and commercial infrastructure development. By Ownership, the rented segment is estimated to hold a significant share of about 89.7% in 2022. Competitive Landscape UNIC-Furukawa Company Ltd MAEDA SEISAKUSHO CO., LTD. Jekko SRL HENAN SPT MACHINERY EQUIPMENT CO., LTD XCMG Group Hoeflon Manitex International Palazzani BG Lift Cranes R&B Engineering Galizia JMG Cranes
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