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Global Rough-Terrain Crane Market 2018-2022|Growth Analysis and Forecast| Technavio

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12/07/2018 | 09:59am EST

Technavio’s global rough-terrain crane market research report projects the market to grow at a CAGR of about 3% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181207005274/en/

Technavio has released a new market research report on the global rough-terrain crane market for the ...

Technavio has released a new market research report on the global rough-terrain crane market for the period 2018-2022. (Graphic: Business Wire)

The popularity of high-capacity rough-terrain cranes will be one of the major trends in the global rough-terrain crane market during 2018-2022. Over the last two years, there has been an increase in the demand for high-capacity rough-terrain cranes due to the growth of industrial and energy applications. The rough-terrain cranes are ideally suited for applications that involve the lifting and maneuvering of heavy modular components. Many manufacturing vendors such as Manitowoc and Tadano offer rough-terrain cranes with capacities over 120 tons.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key drivers for the global rough-terrain crane market is the rapid growth of utilities infrastructure:

Global rough-terrain crane market: Rapid growth of utilities infrastructure

Over the last few years, the growth of the global utilities infrastructure has been promoting the growth of the global rough-terrain crane market. The developed markets such as the US and Western Europe are witnessing rapid growth in the renewable utilities infrastructure. For instance, in 2017, the US witnessed substantial investments in wind power, solar power, and hydropower infrastructure.

According to a senior research analyst at Technavio, “In 2017, several emerging economies in APAC such as China and India made investments in the utilities sector. The Chinese government is investing in domestic and overseas renewable infrastructure as a part of its 13th Five-Year Plan. During 2016-2020, China is planning to reduce its energy intensity by 15%.”

Global rough-terrain crane market: Segmentation analysis

This global rough-terrain crane market analysis report provides market segmentation by lifting capacity (50-80 tons, below 50 tons, and above 80 tons) and by region (the Americas, APAC, and EMEA). This report also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the three major segments based on lifting capacity, the 50-80 tons segment held the largest rough-terrain crane market share in 2017, contributing to around 45% of the market. This segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting for more than 52% share. It was followed by APAC and EMEA respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

© Business Wire 2018
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