GITNUX MARKETDATA REPORT 2024

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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