According to industry analysis, the global market for mobile cranes under 100 tons is predicted to experience significant growth and register a high compound annual growth rate (CAGR) by 2027. This growth is driven by increasing demand for these cranes in the construction and utilities industries, as market trends continue to shift in favor of their use.
These diesel-powered, hydraulically operated cranes are capable of lifting weights of up to 1554 lbs. (705 kilograms) and come equipped with additional features such as a heater, central lubrication, cold box, chain, wood box, and coupling for CW trailer. They are primarily used to lift and move heavy loads, materials, machines, and goods. The demand for these below-100-ton mobile cranes is projected to increase significantly in the near future, resulting in established market players gaining a greater market share over the coming years.
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The "Mobile Cranes" refers to the industry that involves the manufacturing, distribution, and sale of mobile cranes with a lifting capacity of less than 100 tons. These cranes are typically diesel-powered and hydraulically operated, and are commonly used in construction and utilities industries for lifting and moving heavy loads. The market for these cranes is expected to experience significant growth in the coming years, driven by increasing demand from end-users and changing market trends.
Driving factors of Mobile Cranes
Increasing demand from the construction and utilities industries for lifting and moving heavy loads.
Changing market trends that are favoring the use of mobile cranes with a lifting capacity of less than 100 tons.
Advancements in technology and design that are making these cranes more efficient and easier to operate.
Growth in infrastructure development and construction activities in emerging economies, which is driving demand for these cranes.
Expansion of the transportation and logistics industry, which is leading to increased demand for cranes for loading and unloading goods.
Rising demand for rental services of mobile cranes, which is increasing the accessibility and affordability of these machines for end-users.
Increasing focus on safety and regulatory compliance in the construction and utilities industries, which is driving demand for modern and reliable mobile cranes.
Some of the notable innovations in the Mobile Cranes
Hybrid and electric-powered cranes: Manufacturers are increasingly offering hybrid and electric-powered cranes, which offer improved fuel efficiency and reduced emissions compared to traditional diesel-powered cranes.
Telematics and remote monitoring: Many manufacturers are incorporating telematics and remote monitoring technologies into their cranes, allowing operators to remotely monitor and control the machine's performance, as well as receive real-time data on the crane's operation and maintenance needs.
Safety features: New safety features are being added to mobile cranes to reduce the risk of accidents and injuries. For example, some cranes now include anti-collision systems and automatic shut-off features to prevent overloading.
Modular designs: Some manufacturers are offering modular designs that allow cranes to be easily disassembled and transported to different job sites, increasing their versatility and flexibility.
Improved controls and automation: Advances in control systems and automation are allowing cranes to operate more efficiently and precisely, reducing the risk of operator error and improving overall productivity.
Key Players Operating in Global Below-100-ton Mobile Cranes Market:
- Liebherr
- Tadano
- Manitowoc
- XCMG
- Terex
- Zoomlion
- Sany
- Kobelco Crane
- Hitachi Sumitomo
- Furukawa
- Sichuan Changjiang
- Altec Industries
- Action Construction Equipment
- Elliott Equipment
- Liugong
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