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Rough Terrain Crane Market Trends

Report ID: GMI6391
Published Date: Aug 2023
Report Format: PDF

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Rough Terrain Cranes Market Trends

Rough terrain cranes play a vital role in disaster relief and rescue operations, assisting in natural disasters and emergencies. Besides, the increasing usage of these construction equipment for handling heavy cargo in ports and shipyards, where their mobility and lifting capabilities are advantageous, will propel market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of rough terrain crane was recorded USD 7.4 billion in 2022 and is estimated to register over 6% CAGR between 2023 and 2032, due to increasing government investments and initiatives focused on infrastructure improvement worldwide.

The construction application held approximately 55% share of the rough terrain crane market in 2022 and is expected to witness rapid growth through 2032, due to increasing adoption for lifting heavy materials, machinery, and construction components at construction sites.

North America market for rough terrain crane was valued at USD 2.6 billion in 2022 and will reach USD 4 billion by 2032, owing to the robust construction and infrastructure development activities in the region.

Some of the prominent rough terrain crane companies are KATO WORKS CO., LTD, Liebherr Group, Manitex International Inc., Manitowoc Company, Inc., SANY Group, Tadano Ltd., Terex Corporation, TIL Limited, Xuzhou Construction Machinery Group Co., Ltd., and Zoomlion.