Truck Mounted Crane Industry Statistics

The truck mounted crane industry is expected to grow steadily due to increasing construction activities and demand for efficient material handling solutions.

Statistic 1

"The major players profiled in the global market for truck-mounted cranes include Liebherr, XCMG, KATO WORKS, Tadano, Sany, and Manitowoc."

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Statistic 2

"The recovery of construction activities post COVID-19 lockdowns, especially in Asia-Pacific, is one of the driving factors of the truck-mounted crane market."

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Statistic 3

"By 2027, it is predicted that the Truck Mounted Crane market will reach USD 2.9 billion."

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Statistic 4

"The key sectors contributing to the demand for crane trucks include construction, utilities, industries, and more recently, oil & gas."

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Statistic 5

"The construction sector accounted for a major share of the truck-mounted crane market in 2018."

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Statistic 6

"The global market for Truck-Mounted Cranes is projected to reach US$2.7 billion by 2025."

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Statistic 7

"The presence of prominent players like XCMG, Tadano, and Sany in China contributes to the growth of the truck-mounted crane market in Asia Pacific."

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Statistic 8

"OEMs in Europe and North America are increasing their investments in manufacturing truck-mounted cranes owing to increasing demand."

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Statistic 9

"The increasing demand from the construction industry in developing countries is a prominent factor contributing towards the growth of the truck-mounted crane market."

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Statistic 10

"The increasing adoption of truck-mounted cranes in the military & defense sector is bolstering market growth."

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Statistic 11

"In the market for truck-mounted cranes, medium-duty cranes are anticipated to record considerable growth over the forecast period."

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Statistic 12

"The truck mounted crane market in the Middle East & Africa is expected to witness significant growth compared to developed regions due to increasing infrastructure development projects."

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Statistic 13

"The growing trend of renting or leasing of heavy construction equipment, which includes truck-mounted cranes by small and medium scale construction companies, is positively impacting the market growth."

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