Portland, OR -- (SBWIRE) -- 10/02/2017 -- Mobile cranes are widely used in the power generation sector. Power distribution patterns globally are expanding owing to a rapid increase in power demand, which drives the market for mobile cranes. Moreover, the latest trend of telematics in machines is growing rapidly, which creates abundant future opportunities for the mobile crane market. However, mobile cranes have high installation and maintenance costs, which restrain the market growth.
A mobile crane is a lifting device that is used in the construction and manufacturing sector. It incorporates a cable-controlled crane mounted on rubber-tired carriers or a hydraulic-powered crane or crawlers along with a telescoping boom. The mobile cranes are used to load, offload, move, and trans-load various valuable & sensitive heavy materials safely. Primarily, they were used for mobile handling, but they are now being used for maintenance work in various industries.
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The key players that operate in the market include Liebherr-International Deutschland GmbH, Manitowoc, Tadano Ltd., Terex Corporation, Xuzhou Construction Machinery Group Co., Ltd., Action Construction Equipment Ltd., Altec Industries, BAUER Aktiengesellschaft, Böcker Maschinenwerke GmbH, and Broderson Manufacturing Corp
The market is segmented on the basis of type, end user, and geography. Based on the type, the market is segmented into truck-mounted, sidelifter, all-terrain, and rough terrain. On the basis of the end user, the market is segmented into construction, industries, and utilities. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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