GCC Mobile Crane Market (Type - Folding Boom Mobile Crane, Truck-mounted Mobile Crane, Crawler Mobile Cranes, Telescopic Handler Mobile Crane, and Others; End Use - Construction, Transport and Logistics, Manufacturing, Shipping and Marine, Oil and Gas, and Others): GCC Industry Analysis, Trends, Size, Share and Forecasts to 2027

GCC Mobile Crane Market (Type - Folding Boom Mobile Crane, Truck-mounted Mobile Crane, Crawler Mobile Cranes, Telescopic Handler Mobile Crane, and Others; End Use - Construction, Transport and Logistics, Manufacturing, Shipping and Marine, Oil and Gas, and Others): GCC Industry Analysis, Trends, Size, Share and Forecasts to 2027

Report Code: GCC035 Region: GCC Published: April, 2022

A recent report ongoing study by Infinium Global Research on GCC mobile crane market provides in-depth analysis of segments and sub-segments in the GCC as well as regional mobile crane market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional mobile crane market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the GCC mobile crane market. According to the report, the GCC mobile crane market is projected to grow at a significant CAGR over the forecast period of 2021-2027.

Market Insight

GCC Mobile cranes include cable-controlled cranes attached to rubber-tired carriers or crawlers, as well as hydraulic-powered cranes that have telescoping booms which are mounted on truck-type carriers or are self-propelled models. There are various types of mobile cranes including Folding boom mobile crane, Truck-mounted mobile crane, All-terrain mobile crane, Crawler mobile cranes, Telescopic handler mobile cranes, and others. Mobile cranes typically have a boom through which sheaves and wire ropes suspend a hook. The technology of the machine varies depending on the crane's size and the goal of the crane development process. Several lifting procedures necessitate the use of a tower crane, which is not always possible. With static tower cranes, statue lifting and inside lifts are not conceivable. As a result, the most cost-effective solution to this problem is mobile cranes. A movable crane takes less time to set up. The most significant benefit of a mobile crane is its adaptability and ability to reach regions where a static crane cannot. The mobile crane occupies a small amount of area as compared to static cranes.

GCC countries spend heavily on the development of urban infrastructure. In GCC countries a renewed focus on rapidly developing urban infrastructure has been observed with the ultimate aim of expanding their travel and tourism sector. The countries such as Saudi Arabia and UAE are building modern marvels such as Burj Khalifa, Palm Islands, and others. Also, the population of the region is growing and new urban infrastructure is needed to accommodate the growing population. Saudi Arabia is heavily investing in infrastructure projects in order to meet future goals and needs. It just established a national infrastructure fund with BlackRock in October 2021 for its future infrastructure projects, with an initial fund pool of USD 53 billion. Thus, mobile cranes are being used on a large scale in urban infrastructure projects in GCC countries. The rental services of mobile cranes are also growing rapidly owing to the strong demand from the construction and logistics and transportation industries. The only factor restraining the growth of the market is the high cost of maintenance in the long run. The emergence of new automation technologies is expected to offer growth opportunities.

Saudi Arabia is expected to be the largest market for waste management in the GCC region. Saudi Arabia has been focusing on the development of new urban infrastructure for accommodating the growing population in its urban centers and also in order to support and boost the growth of the tourism industry in the country. Each year millions of people travel to Saudi Arabia for pilgrimage to Mecca and Medina. The number of pilgrims is growing rapidly with each passing year. Thus, this factor has also prompted the Saudi Arabian government to invest billions in urban infrastructure projects. In October 2021, Saudi Arabia Government in association with BlackRock created a national infrastructure fund with an initial fund of USD 53 billion for future infrastructure projects. Also, currently, there are many urban infrastructure projects going on with similar commercial infrastructure projects running simultaneously. Thus, the current demand for a mobile crane in Saudi Arabia is only expected to rise significantly in the near future. The demand for the GCC mobile crane market has also increased in the transportation and logistics industry due to the increasing volume of heavy cargo.

GCC Mobile Crane Market

Segment Covered

The report on GCC mobile crane market covers segments such as type, and end use. On the basis of type, the sub-markets include folding boom mobile crane, truck-mounted mobile crane, crawler mobile cranes, telescopic handler mobile crane, and others. On the basis of end use, the sub-markets include construction, transport and logistics, manufacturing, shipping and marine, oil and gas, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Liebherr-International Deutschland GmbH, Terex Corporation, Kobelco Construction Machinery Co., Ltd, Tadano Ltd, Palfinger AG, Manitex, Inc., SANY Group, The Manitowoc Company, Inc., Xuzhou Construction Machinery Group Co., Ltd., and Others.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the GCC mobile crane market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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