Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
Please Choose One of them.