Wheel Crane Market
Wheel Crane Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0253
Segments Covered
By
Type Truck-mounted, Sidelifter, All Terrain, Rough Terrain, Telescopic Handler
-
By
Application Oil & Gas, Utilities, Construction, Shipping & Port Building, Other End Users
Snapshot
 Forecast
Years:
|
2021 - 2026 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
16.23 Billion |
 Revenue 2028:
|
26.56 Billion |
 Revenue CAGR
(2021 - 2028): |
6.35 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.
On the basis of Type, the market is divided into Truck-mounted, Sidelifter, All Terrain, Rough Terrain, Telescopic Handler. Mercaptans dominated the global Wheel Crane market in 2020 and is projected to witness the same trend during the forecast period.
Based on Application, the market is segmented into Oil & Gas, Utilities, Construction, Shipping & Port Building, Other End Users. Food & Beverages accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Wheel Crane Market: Type Segment Analysis
-
- Truck-mounted
- Sidelifter
- All Terrain
- Rough Terrain
- Telescopic Handler
Global Wheel Crane Market: Application Segment Analysis
-
- Oil & Gas
- Utilities
- Construction
- Shipping & Port Building
- Other End Users
FAQ
Frequently Asked Question
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.
