Pune, India, Aug. 02, 2023 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Mobile Crane MarketExpansion into new applications presents a significant opportunity for the mobile crane market to diversify and expand its reach. Targeting industries and applications beyond traditional construction and infrastructure projects, the market can tap into untapped sectors and increase its customer base. One area of opportunity lies in the mining industry. Mobile cranes can be utilized for tasks such as heavy equipment installation and maintenance, material handling, and even assisting in mine site construction. The mining sector requires robust lifting solutions to handle the heavy machinery and components involved in excavation, mineral extraction, and ore processing. Manufacturers can capitalize on this sector’s demand by providing specialized mobile cranes tailored to the unique needs of the mining industry. Shipbuilding is another promising application for mobile cranes. The construction and repair of ships necessitate the lifting and positioning of large components, such as ship hull sections, engines, and heavy equipment. Mobile cranes with the required lifting capacities and maneuverability can efficiently handle these tasks, making them valuable assets in shipyards. By catering to the shipbuilding industry’s specific requirements, the mobile crane market can establish itself as a reliable solution provider in this niche market.LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Terex Corporation; Tadano Ltd.; Zoomlion Heavy Industry Science & Technology Co., Ltd.; Xuzhou Construction Machinery Group Co., Ltd.; Sany Group; KATO WORKS CO., LTD; Kobelco Construction Machinery Co., Ltd.; Sumitomo Heavy Industries Construction Cranes Co., Ltd.; and The Manitowoc Company, Inc are a few of the key companies operating in the mobile crane market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.On the basis of crane type, the mobile crane market is segmented into truck cranes, all-terrain cranes, rough terrain cranes, crawler cranes, and others. The truck cranes segment held the largest share of the market in 2020, whereas the all-terrain cranes segment is anticipated to register the highest CAGR in the market during the forecast period. Based on application, the market is segmented into construction, oil & gas, shipping & port building, power & utilities, and others. The construction segment held the largest share of the mobile crane market in 2020, whereas oil & gas segment is anticipated to register the highest CAGR in the market during the forecast period.The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.If you have any queries about this report or if you would like further information, please contact us:E-mail: [email protected]
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Press Release: https://www.theinsightpartners.com/pr/mobile-crane-market
(GlobeNewsWire)