FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 694
Companies: 47 – Players covered include Altec Industries, Inc.; Bocker Maschinenwerke GmbH; Elliott Equipment Company; Kato Works Co., Ltd.; Liebherr-International AG (Liebherr Group); Link-Belt Cranes; Manitex International, Inc.; Manitowoc Co., Inc.; MPG Makina Produksiyon Grubu; Ormig SpA; Sany Group Co., Ltd.; Tadano Ltd.; Terex Corporation; Xuzhou Construction Machinery Group Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Construction, Industries, Utilities)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Truck Mounted Crane Market to Reach $3.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Truck Mounted Crane estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Construction, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$624.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industries segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $630.7 Million in 2021, While China is Forecast to Reach $638.4 Million by 2026
The Truck Mounted Crane market in the U.S. is estimated at US$630.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$638.4 Million by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Utilities Segment to Reach US$1.4 Billion by the year 2026
In the global Utilities segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$765.6 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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