Rough Terrain Crane Market Share, Trends, Business Strategy and Forecast to 2027

Published: Thu Aug 01 2019


Fact.MR has compiled a new study on the rough terrain crane market and published a report titled, "Rough Terrain Crane Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027." The report delivers vital insights on the rough terrain crane market backed by market analysis for the historical period 2013-2017 and forecast period 2018-2027. The inclusion of rough terrain cranes market drivers, trends, future opportunities and challenges make the market forecast derived in the rough terrain crane market report most credible and go-to forecast.

The study opines that RT crane with 35-50 tonnes lifting capacity is witnessing a rapid adoption on the back of increasing demand for greater lifting capacity. Although the units sold remains greater for lower lifting capacity RT cranes, in terms of value the rough terrain crane market will garner increased revenues from the higher lifting capacity cranes owing to higher equipment pricing. On the same lines, 35-50 tonnes rough terrain cranes will occupy almost US$ 100 Million more than up to 35 tonnes RT cranes in 2018.

RT cranes market continues to witness growing demand in oil & gas industry. Fact.MR study finds that the oil & gas industry will hold over one third sale of RT cranes in 2018. The higher demand can be attributed to increasing efforts of rental companies and original manufactures for market share expansion.

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Demand for RT cranes in the construction sector, as per Fact.MR study is expected to follow the oil & gas industry wherein steady development in the construction sector across global countries will lead to sales of over 1080 units in 2018. Growing government emphasis on renewable energy generation is expected to be the prime factor responsible for the rapid growth of RT cranes market in wind farms at over 4% Y-o-Y in 2018 over 2017.

Fact.MR study estimates that Japan with the headquarters of leading manufacturers in the rough terrain crane market will continue to occupy nearly one third of the market share in 2018. Manufacturers such as Tadano and Kobelco are making greater strides in the RT cranes market by capacity expansion and increasing global footprints.

The study shows that APEJ closely follows Japan in terms of rough terrain crane sales. A significant focus on the infrastructure development in APEJ countries growing investments of crane manufacturers in the region has led to a generation of over one fourth of the total sales in 2018.

Considering the cost-intensive nature of the rough terrain cranes, rental services are thriving as end users continue to prefer renting over owning. Further, identifying the emerging opportunities of increasing investments in non-residential infrastructure and government work, companies are improving distribution tie-ups with rental companies.

The rough terrain crane market report is carefully analyzed and categorized in different segments. The market structure includes different categories of the rough terrain cranes market including segmentation based on lifting capacity and end-use. The rough terrain crane market report also studies the market performance in key global regions to derive the overall outlook of the rough terrain crane market for the period of forecast.

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