Wheel Crane Market

Wheel Crane Market by Type (Truck-mounted, Sidelifter, All Terrain, Rough Terrain, Telescopic Handler) by Application (Oil & Gas, Utilities, Construction, Shipping & Port Building, Other End Users) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Wheel Crane in terms of revenue?

    The global Wheel Crane valued at 16.23 Billion in 2020 and is expected to reach 26.56 Billion in 2028 growing at a CAGR of 6.35%

  • Which are the prominent players in the market?

    The prominent players in the market are XCMG Construction Machinery, Hitachi Sumitomo Heavy Industries Construction Crane, The Manitowoc Company, KATO WORKS, Liebherr Group, Terex Corporation, Sany Heavy Industry, Tadano, Zoomlion Heavy, Industry Science and Technology, Kobelco Construction Machinery..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 6.35% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Wheel Crane include

    • The primary factor that is driving the wheel cranes market is the increasing mega constructional activities in several developing regions and the increasing demand for the smart cities. The major factors that favors the growth of the market is rise in the investments that are made by the private sector organizations and the government for the infrastructural development. Furthermore, the growing demand for the high capacity lifting triggers the demand for the specialized products which include mobile cranes which is also expected to support the growth of the market in the years to come.
    • The rising demand for the wheel crane from the emerging economies of Asia Pacific such as India, China, Indonesia, and Thailand is also expected to fuel the growth of the wheel crane market in the years to come.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Wheel Crane in 2020.

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