North America Mobile Crane Market (2020-2026) | Analysis, Size, Share, Revenue, Forecast, Trends, Growth, Industry, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the North America Mobile Crane Market

The North America Mobile Crane Market is rising at a faster pace and the sector is supported by a number of factors. Technological advancements, environmental regulations, and mergers and acquisitions are some of the latest developments the Mobile Crane Market in North America is experiencing. The sector is anticipated to gain massive growth in the near future and the demand for the mobile crane is growing owing to the rising demand from the oil and gas, construction, and mining industries. Manufacturers in the market are investing in R&D activities in order to improve the safety as well as efficiency of their equipment. Technological advancements like GPS, collision avoidance systems, and telematics are becoming popular.

There is a rising focus on decreasing the environmental impact of these cranes, commonly in urban areas. A number of manufacturers are working on developing electric as well as hybrid cranes in order to align with the demand for clean equipment. With a number of mergers and acquisitions taking place currently, the North America Mobile Crane Industry is experiencing consolidation. The COVID-19 pandemic had a massive impact on the sector as a number of construction projects were cancelled or delayed. 

North America Mobile Crane Market Synopsis

North America mobile crane market growth is driven by the increasing disposable income and high spending capacities of the citizens are fueling the smart city developments in the region. Increasing construction activities are expected to surge the demand for mobile cranes in the region over the next five years. Additionally, the projects taken up by the oil and gas industries are expected to create a huge demand for mobile cranes, driving the growth of the market in the region. The Usage of efficient and safe cranes and tower cranes, which are majorly constructed and designed for the oil & gas industries are expected to drive the growth of the mobile crane market in the region. Further, government initiatives such as Build America Investment Initiative, National Infrastructure Plan, etc. are aiming at developing the infrastructure in the region through private investments, which is majorly boosting the market demand. However, financing and administrative issues, the alternate market for secondhand cranes and environmental concerns about mining are some of the restraints faced by the Mobile Crane market in North America. Additionally, due to the sudden outbreak of the COVID-19 pandemic, the production and sales of various products have been shut down, hampering the growth of the mobile cranes market.

According to 6Wresearch, North America Mobile Crane Market is anticipated to witness growth during the year 2020-2026. Currently, countries such as the U.S., and Canada are witnessing more demand mainly due to the government initiatives such as plans to invest in new highways, rail lines, and telecommunication infrastructure, coupled with the modernization of ports. The growth is mainly driven by private investment. Further, owing to the low-interest rates increased funding, and increased subsidies the housing construction industry has driven the growth of the mobile cranes market in the region. Additionally, the oil and gas industry, being a trend, is considered the major industry responsible for the growth of the mobile cranes market in the North America region. Countries in North America such as the U.S., Canada, Mexico and the rest of North America are expected to register an exponential growth rate during the forecast period.

North America Mobile Crane Market provides segmentation based on product type and application type. Based on product type, it is further bifurcated into truck-mounted, trailer-mounted and crawler cranes, whereas based on application type, it is divided into construction, industrial and utility. Based on verticals, government, industrial and transport verticals are expected to register maximum growth during the forecast period.  

Some of the major companies adding value to the market in this region are Konecranes, Cargotech Corporation, Manitowoc, Liebherr Group, etc.

North America Mobile Crane Market report thoroughly covers the analysis based on product type, application type and countries including the United States and Canada. North America Mobile Crane Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Mobile Crane Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• North America Mobile Crane Market Outlook
• North America Mobile Crane Market Overview
• North America Mobile Crane Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of North America Mobile Crane Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for United States Mobile Crane Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Mobile Crane Market
• Market Drivers and Restraints
• North America Mobile Crane Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Mobile Crane Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Application Type:

• Construction
• Industrial
• Utility

By Product Type:

• Truck Mounted
• Trailer Mounted
• Crawler Crane
• By Countries:
• United States
• Canada