The market for mobile cranes continues to grow—offering the construction industry more high-tech equipment options on the jobsite.
For instance, the mobile cranes market will see significant growth in the Pacific. The APEJ (Asia Pacific except Japan) region will bloom as the markets spread across this region regain momentum. China, Taiwan, Indonesia, South Korea, India and Vietnam are expected to push the market ahead within the forecast period.
The APEJ region will start slow, but will pick up the pace after 2018. India, China, Indonesia, Malaysia and the Philippines will contribute significantly to the growth of this regional market. The demand for modern advanced equipment from the residential and commercial construction segment, as well as growing demand from the civil engineering segment, will boost the global mobile cranes market.
The Chinese economy, which has witnessed sluggish growth in the last few years, will bounce back after 2018 and continue to soar until the end of 2026. It is predicted that China alone will make up more than 70 percent of the mobile cranes market in the APEJ region. India will also play a large role in the overall growth of the APEJ mobile cranes market.
Among the many product types, all-terrain mobile cranes are predicted to perform the best in the forecast period. The crawler crane segment is expected to emerge as well.
