Market Share of Mobile Crane Industry
Major players operating in the mobile crane market are Liebherr, Cargotec, Tadano, Manitowoc, and Palfinger, among others. These players have successfully capitalized on the significant demand for reliable cranes from key players in the construction, mining, and industrial sectors. In terms of tier-2 and tier-3 supply chains and supplying to small- and medium-sized applications, the market studied is fairly consolidated, with the presence of regional players.
The prominent players have exponentially increased their R&D expenditure to integrate innovation with excellence in performance. The demand for high-performance, highly efficient, and safe-handling equipment, is expected to make the market studied more competitive and effectively dynamic during the forecast period.
- In May 2021, In an effort to better serve the customers and as part of the global expansion of the company, Zoomlion inaugurated a production facility in Mantova, Italy. With this expansion, the company expects to further improve its foothold in Europe and global presence as a whole.
- In April 2021, Liebherr introduced a compact one-man taxi crane, MK 73-3.1 mobile construction crane. This latest machine is designed to fulfill the market demands for a small, compact, and flexible mobile construction crane that is fast and agile in operation.
- In February 2021, Manitex Valla of Italy, a subsidiary of the US-based Manitex international, launched the all-new V 110 R Electric Mobile Crane, which is battery-operated and remote-controlled. The machine is suitable to work in tight places and congested areas but securing in the meantime maximum maneuverability and flexibility in the most critical and demanding operating environments.
Mobile Crane Market Leaders
Konecranes
Cargotec Corporation
Terex Corporation
Zoomlion
TADANO Ltd
*Disclaimer: Major Players sorted in no particular order
