Valued to be $3.1 Billion by 2026, Truck Mounted Crane Slated for Robust Growth Worldwide -

Valued to be $3.1 Billion by 2026, Truck Mounted Crane Slated for Robust Growth Worldwide

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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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., ( is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: [email protected]

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