Bangladesh Mobile Cranes Market (2022-2028) | Forecast, Size, Trends, Revenue, Share, Analysis, Value, Industry, Outlook, Segmentation & COVID-19 IMPACT

Bangladesh Mobile Cranes Market Synopsis

The Bangladesh Mobile Cranes Market is expected to grow at an increasing rate in the forecast period. The construction industry in Bangladesh is the largest end-user of mobile cranes and is growing at a rapid pace. Increasing investments in infrastructural development, along with growing commercial and residential construction activities, are driving the demand for mobile cranes in Bangladesh.

The government's initiatives to develop the country's infrastructure are also fuelling the growth of the Bangladesh Mobile Cranes Industry. For instance, the government has allocated high budget for developing highways and bridges in Bangladesh under its Five-Year Plan. These initiatives are expected to create significant opportunities for Mobile Cranes manufacturers in Bangladesh in the impending years. Additionally, the market is also being driven by the growing preference for diesel-powered cranes, as they offer better fuel efficiency and lower emissions.

According to 6Wresearch, Bangladesh Mobile Cranes Market is expected to grow during 2022-2028. The Asia-Pacific Mobile Cranes Market is expected to grow over the coming years. The market is driven by the increasing construction activities in the country. Also, Bangladesh is one of the fastest-growing economies in the world and the country's construction industry is expanding at a rapid pace, owing to the government's infrastructural development initiatives. For instance, the government has launched various infrastructure development projects, such as the Padma Bridge Project, which is expected to boost the demand for Bangladesh Mobile Cranes Industry.

Moreover, the growing construction industry is anticipated to drive the growth of the Bangladesh Mobile Cranes Market over the forecast period. In addition to this, the rising number of infrastructure development projects are projected to create substantial opportunities for market players operating in Bangladesh. However, high maintenance cost owing to the affluent replacement parts and unavailability of various service parts. Also, high initial investment is another factor restraining the market size.

Impact of COVID-19 on Bangladesh Mobile Cranes Market

Due to COVID-19, Bangladesh Mobile Cranes Market is negatively affected in terms of low revenue rates attributed to the restrictions and continuous lockdowns imposed by the government. Also, the construction industry is highly impacted by the pandemic which affects the economic cycles. It had even disrupted the value chain system which leads to price inflation and cancellation of various projects. The industry has encountered huge losses due to unavailability of resources, delayed projects, health and precautionary measures and contractual commitments.

Market analysis based on Product type

The Asia-Pacific Mobile Cranes Market is segmented by product type, which includes all trailer mounted cranes, truck mounted cranes, and crawler cranes. The Truck mounted cranes segment holds the largest share in the industry during the forecast period. The demand for truck mounted cranes is increasing due to their ability to travel on any type of terrain, which makes them ideal for use in construction sites that are not simply obtainable.

Market analysis based on Application

The Bangladesh Mobile Cranes Market by application is segmented into construction, industrial, and utility. The construction segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increase in infrastructural development projects in Bangladesh that require heavy lifting equipment.

Leading players in the Bangladesh Mobile Cranes Market

The competition in the Bangladesh Mobile Cranes Market is intense as the companies compete on various factors such as price, quality, technology, product innovation, and after-sales service. Some of the leading market players in the Bangladesh Mobile Cranes Market are;

• Sany Heavy Industry Co., Ltd
• Zoomlion Heavy Industry Science & Technology Co., Ltd.,
• XCMG Group Co., Ltd., 
• Liebherr Group
• Terex

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Mobile Cranes Market Outlook
• Market Size of Bangladesh Mobile Cranes Market, 2021
• Forecast of Bangladesh Mobile Cranes Market, 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Revenues & Volume for the Period 2018 - 2028
• Bangladesh Mobile Cranes Market Trend Evolution
• Bangladesh Mobile Cranes Market Drivers and Challenges
• Bangladesh Mobile Cranes Price Trends
• Bangladesh Mobile Cranes Porter's Five Forces
• Bangladesh Mobile Cranes Industry Life Cycle
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Truck Mounted Crane for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Trailer Mounted Crane for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Crawler Crane for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Construction for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Industrial for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Mobile Cranes Market Revenues & Volume By Utility for the Period 2018 - 2028
• Bangladesh Mobile Cranes Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Bangladesh Mobile Cranes Top Companies Market Share
• Bangladesh Mobile Cranes Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Mobile Cranes Company Profiles
• Bangladesh Mobile Cranes Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Truck Mounted Crane
• Trailer Mounted Crane
• Crawler Crane

By Application

• Construction
• Industrial
• Utility