Asia-Pacific Mobile Cranes Market Size, Share and Forecast 2020-2026

Asia-Pacific mobile cranes market is estimated to grow at a CAGR of 6.7% during the forecast period.  Rising smart city initiatives are expected to offer an opportunity for market growth. As per the German  Asia-Pacific Business Association, nearly 500 smart city pilot projects have already been running in  China. Smart city initiatives are also growing in Japan, as the country’s government has upheld Society  5.0 which aims to promote the development of social values through digital implementations. Further, as  per the Ministry of Housing and Urban Affairs, Government of India (Smart Cities Mission), in India, the  total investment in the Smart Cities Mission is expected to be over $27 billion through 5,151 projects. 

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This leads to increasing demand for tower cranes that are regarded as a new kind of balance crane. While  fixed to the ground, this kind of crane will normally provide the best lifting and height capabilities. These  cranes are also used while constructing tall buildings. These cranes require little setup and can deal with  a range of terrain and particular site concerns as well as they are easy to get to the job site. 

Scope of the Asia-Pacific Mobile Cranes Market 

Market Coverage 

• Market number available for 2019-2026 

• Base year- 2019 

• Forecast period- 2020-2026 

• Segment Covered- By Product Type and Application 

• Regions Covered- China, India, Japan, and Rest of Asia-Pacific 

• Competitive Landscape- Liebherr-International AG, Tadano Ltd., Sumitomo Heavy Industries, Ltd.,  and Konecranes 

Recent Strategic Initiatives in the Asia-Pacific Mobile Cranes Market 

• In February 2020, Tadano declared the release of three Rough Terrain Cranes for the international  markets. Such cranes are designed for Asia, African, Central & South America, the Middle East,  and Oceania markets. The names of these cranes include GR-1000EX-4, GR-900EX-4, and GR 700EX-4. GR-1000EX-4 has a maximum lifting capacity of 100 tons, GR-900EX-4 has a maximum  lifting capacity of 90 tons, and GR-700EX-4 has a maximum lifting capacity of 70 tons. Such  products have been designed to improved work area and performance as well as enhance safety  and comfort in the workplace. 

• In August 2019, Tadano Ltd. acquired the Demag Mobile Cranes business, which will bring  together two crucial companies in the lifting equipment industry. This will increase the capability  of Tadano group to deliver a premier choice to its customers. It widens its penetration into several  markets across the globe, adds lattice boom crawler cranes to its entire product range, and  augments the capacity range of its all-terrain cranes. 

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Asia-Pacific Mobile Cranes Market-Segmentation 

By Product Type 

• Truck Mounted Crane 

• Crawler Crane

• Trailer Mounted Crane 

By Application 

• Construction 

• Industrial 

• Utility 

Asia-Pacific Mobile Cranes Market– Segment by Country 

• China 

• Japan 

• India 

• Rest of Asia-Pacific 

Company Profiles 

• Action Construction Equipment Ltd. (ACE) 

• Overview 

• Product Portfolio 

• Recent Developments 

• Bauer AG 

• Galmon (S) Pte Ltd. 

• Kato Works Co., Ltd. 

• Kobelco Construction Machinery Co., Ltd. 

• Konecranes 

• Liebherr-International AG 

• Sany Heavy Industry Co., Ltd. 

• Sumitomo Heavy Industries, Ltd. 

• Tadano Ltd. 

• Xuzhou Construction Machinery Group Co., Ltd. (XCMG) 

• Zoomlion Heavy Industry Science & Technology Co., Ltd. 

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and  concise reports. The company is equipped with an experienced team of analysts and consultants. OMR  offers quality syndicated research reports, customized research reports, consulting and other research based services. 

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