Truck Cranes Market: APEJ Held over One-third Volume Sales in 2017

Published: Tue Jun 25 2019

Fact.MR’s report titled "Truck Cranes Market Forecast, Trend Analysis and Competition Tracking – Global Market Insights 2018 to 2028," offers holistic insights and accurate forecast on the truck cranes market for the period between 2018 and 2028. Important dynamics such as growth drivers,
opportunities, challenges, and trends, which shape prospects of the truck cranes market have been analyzed in the report. The size of the truck cranes market has been offered in terms of value (US$ Mn) and volume (units).

Truck crane is a crane mounted on a truck trailer. The truck crane has two components the lower carrier and the upper lifting component. Truck crane also has a telescopic boom for specific application wherein materials are lifted at a high position. The carrier truck provides mobility to the crane and hence are used to easily transport crane to the job site and for loading and unloading of different loads.

Leading players in the truck cranes market are focusing on developing and introducing low-emission diesel engines, along with the implementation of advanced technologies for achieving enhanced productivity and fuel efficiency. Stringent diesel emission control norms, particularly in the urban areas, have significanstly fuelled the demand for truck cranes. As the heavy duty equipment industry continues to witness rapid implementation of advanced technologies, for optimizing operational costs, and increasing the uptime.

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Truck crane manufacturers have been incorporating multiple predictive technologies for delivering better maintenance & repair services. Integration of multi-operative functionalities to deliver higher productivity, and the need to cater increasing demand for efficient, compact construction equipment, will continue to augur well for growth of the truck cranes market in the foreseeable future. The development of purpose-built chassis is one of the key trends witnessed in the truck cranes market, wherein feasible integration of the standard components that range from engines to tires has significantly curtailed the maintenance costs, thereby driving new equipment sales.

Truck Cranes Market: Research Scope

This study offers a detailed forecast of the truck cranes market covering all the key dynamics that have a significant impact on the market expansion. A long-term forecast has been offered on the truck cranes market, so as to enable readers in making accurate and successful decisions for future business trajectory. An executive summary of the truck cranes market has been offered that offers the readers with imperative numbers associated with key segments as well as the global market.

APEJ Held over One-third Volume Sales in 2017, Japan to Witness Rapid Expansion

Fact.MR estimates APEJ held over 35% of truck cranes sales in 2017 and the status-quo will prevail in 2018. The growth of truck cranes market in APEJ is led by China with its stronghold in the equipment manufacturing sector that provides affordable yet advanced machinery. The region presents a strong demand for truck cranes with lifting capacity less than 150 tonnes on the back of ongoing urban infrastructure projects.

Competitive Landscape

The competitive landscape section of the truck cranes market report provides a dashboard view of all the key players operating in the global landscape of the truck cranes market. Few of the profiled players in the truck cranes market are Liebherr Group, Kato Works Co. Ltd., Sany Heavy Industry Co., Ltd., Tadano Ltd., The Manitowoc Company, Inc., XCMG Construction Machinery Co., Ltd., Elliott Equipment Company (U.S.), Böcker Maschinenwerke GmbH (Germany), Terex Corporation (U.S.) and Manitex International Inc. (U.S.)

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