The analysts forecast the global truck mounted crane market to grow at a CAGR of 6.54% during the period 2017-2021.
Global Truck Mounted Crane Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Increasing rentals of truck-mounted cranes will lead to an increase in the purchase of truck-mounted cranes by rental organizations to keep their feet updated with the latest models. Several end-users prefer to rent truck-mounted cranes rather than purchase them due to the volatile nature of the construction industry.
Owing to the temporary need for truck-mounted cranes in building projects and maintenance activities, market customers often opt to rent truck-mounted cranes instead of making a purchase. This will lead to the growth in the volume of equipment. The crane equipment industry is capital-intensive.
Funds are required for the acquisition and maintenance of equipment fleets, secure storage facilities, and for equipment operations. Factors such as cash inflows from businesses, equipment utilization, dollar and time utilization, and higher prices, have contributed to the growth of the rental market.
Xuzhou Construction Machinery Group (XCMG)
Other prominent vendors
- Altec Industries
- Böcker Maschinenwerke
- Elliott Equipment Company
- KATO WORKS
- Liaoning Fuwa Heavy Industry Machinery
- Liugong Machinery
- MPG MAKINA PRODÜKSIYON GRUBU
- Manitex International
- SANY GROUP
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/tgzxwj/global_truck