Mobile Crane Market Demands Drive Exponentialy Growing at a CAGR of 6.0% by 2027
Mobile cranes are equipped with hydraulic telescopic arm or lattice booms for lifting and transporting medium to heavy weight loads. Mobile cranes provide the advantage of easy transit from one job site to another unlike fixed cranes. In addition, they require very less time for installation and set-up and have self-decking and un-decking features. However, the size of the mobile cranes may decide the time required for erection and travel to the lift location. Moreover, mobile cranes can be attached with hook or load handling devices including, rails, chains, wire, and others. According to a new report published by Allied Market Research, titled, “ Mobile Cranes Market by Boom Type, Carrier Type, Terrain Type, End-User Industry, and Business Type: Opportunity Analysis and Industry Forecast, 2020–2027 ,” the global mobile cranes market size is expected to reach $17.9 billion in 2027 from $14.1 billion in 2019, growing at a CAGR of 6.0% from 2020 to 2027. In 2019, Asia-Pa...