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All-Terrain Crane Market has been segmented by Capacity type (Less than 200 Ton, 200 - 500 Ton, More than 500 Ton), Application (Construction, Industries, Utilities, Others), and Geography
Fastest Growing Market:
The All-Terrain Crane Market is expected to register a CAGR over 5% during the forecast period, 2020-2025.
The All-Terrain Crane Market covers the current and upcoming trends with recent technological developments. The report will provide a detailed analysis of various areas of the market by capacity and application type. The market share of significant all-terrain crane companies and regional level analysis will be provided in the report.
|By Capacity Type|
|Less than 200 Ton|
|200 - 500 Ton|
|More than 500 Ton|
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According to the American Society of Civil Engineers, it will take approximately USD 4 trillion to repair the current state of the US infrastructure by 2025. Furthermore, growth in the construction sector across the globe, and the increase in investments in infrastructure development will propel market growth. Adoption of all terrain-cranes is anticipated to accelerate due to the expansion of cement plants and the increased business potential of shipbuilding/repair.
Major players in the market are launching new all-terrain cranes with the latest technologies. For instance, in 2020, Manitowoc launched Grove all-terrain cranes at ConExpo, the GMK6400-1 has a maximum capacity of 400 tonnes, and the main boom of 197 ft, it can achieve a maximum tip height of 448 ft. The GMK6400-1 is fitted with Manitowoc’s Crane Control System (CCS), which includes boom configurator mode, with larger space and better visibility.
Similarly, in 2020, Tadano launched three rough terrain cranes. GR-1000EX-4 comes with a lifting capacity of 100 tonnes. It comes with a multi-telescoping cylinder boom features a 51 m long-boom, the longest in its class. Whereas GR-900EX-4 a newly developed 90 tonne lifting capacity. GR-700EX-4, a 70 tonne lifting capacity crane with a 47 m long-boom, the longest in its class.
Furthermore, the growing competition in the construction market is expected to further drive the crane rental rates resulting in the overall growth of all-terrain crane revenue share. Renting and leasing of all-terrain cranes is on the rise. Buying new equipment involves high cost, maintenance, and storage-related issues. Renting is becoming a viable possibility for newer businesses as well. In fact, for short-term construction applications, renting machinery has been preferable than a new purchase among construction contractors, as renting allows optimum utilization of the machinery.
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In 2019, According to the EU Cohesion Policy around EUR 4 billion of EU funds will be invested in 25 large infrastructure projects in 10 Member States. The investment package will be distributed among Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal, and Romania. The projects cover a wide range of projects related to health, transport, research, environment, and energy.
Whereas, 2019 turned out to be a good year for the European construction equipment sector with total sales in Europe grew by more than 3% compared with the previous year. In 2019, the European market reached a new high after the economic crisis, but still lags behind the volumes of the peak year in 2007.
Moreover, in 2020, the effect of the COVID 19 pandemic affected the all-terrain crane market as it sees a halt in sales; nevertheless, the construction industry is getting smarter with improved digitalization, connectivity, and many European countries have already resumed their road and construction activities.
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The All-Terrain Crane Market is dominated by various international and regional players such as Liebherr-International AG, Terex Corporation, and XCMG. Major players in the all-terrain crane market are adding new cranes in their portfolio to stay ahead from their competitors. For instance,
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Capacity Type
5.1.1 Less than 200 Ton
5.1.2 200 - 500 Ton
5.1.3 More than 500 Ton
5.2 By Application
5.3 By Geography
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.3 Asia Pacific
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.4 Rest of the World
126.96.36.199 United Arab Emirates
188.8.131.52 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Sany Heavy Industry Co., Ltd
6.2.3 Terex Corporation
6.2.4 Liebherr-International AG
6.2.5 Tadano Limited
6.2.6 Zoomlion Heavy Industry Science and Technology Co. Ltd.
6.2.7 Kobelco Cranes Co. Ltd
6.2.8 Manitex International Inc
6.2.9 Hitachi Sumitomo Heavy Industries Construction Cranes Co. Ltd.
6.2.10 XCMG Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS