Loader Crane Market 2022
During 2018-2026, the global revenue of loader crane market is anticipated to expand at a steady CAGR of 4.6% and reach a valuation of US$ 2,083.6 Mn by the end of 2026. With more than 40% value share, the building and construction segment is expected to remain the largest revenue generator in the loader cranes market throughout the forecast period. Booming industrial and infrastructural development, owing to increasing investments made by governments as well as private sector companies in emerging economies will create growth opportunities for the loader crane market. Rapid growth in the residential sector in urban as well as semi-urban areas in this region will contribute significantly to the market growth.
The Loader Crane Market is expected to grow significantly in the next few years. Loader cranes are versatile machines that are used for a variety of tasks, such as loading and unloading heavy materials, transporting goods, and construction work.
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There are many factors that are driving the growth of the Loader Crane Market, such as the increasing demand for infrastructure development, the growing construction industry, and the need for efficient material handling solutions. Loader cranes offer many benefits, such as flexibility, efficiency, and safety. As a result, they are increasingly being used in various industries.
Persistence Market Research (PMR) projects that increasing demand from construction, logistics and, building activities will continue to create an overall positive growth scenario for the loader crane market in the near future. PMR, in its recently released intelligence, forecasts steady growth for the loader crane market over the next eight years.
Key Companies-
- PALFINGER AG
- Cargotec (Hiab)
- Fassi Gru S.p.A.
- ATLAS Group
- Tadano Ltd.
- Cormach S.r.l.
- PM Group S.p.A.
- XCMG
- Next Hydraulics s.r.l.
- Hyva Group
- Prangl GmbH
- Others.
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Rental market for loader cranes is steadily growing as several end user companies are opting for rental equipment to reap its benefits, without having to deviate from their core business and burden their balance sheets. The rental loader cranes market is well established in North America and Western Europe. Conversely, this factor is also anticipated to inhibit the growth of loader cranes market in the coming years. Owing to high cost and maintenance associated with new loader cranes, small and mid-sized companies are opting for equipment on rental basis. Further, strong demand for used loader cranes against low cost China-based loader cranes has been observed in Vietnam, India and Middle East & Africa, primarily due to lack of monetary resources to invest in new loader cranes. Although, loader cranes renting would only impact the market growth in the first half of forecast period, it is likely to be compensated by product advancements, attributable to stringent environmental regulations and increasing awareness levels.
The global loader cranes market is a highly consolidated one, with top three players including Palfinger, Hiab and Fassi holding close to 70% of total market share. Emphasis on product innovation along with focus on sales through indirect distribution channels are two major differentiating factors that would enable organized players to strengthen their positions in the global and regional loader cranes markets. Some key players are also making significant investments in R&D to introduce new products and expand their offerings across the globe.
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Key Questions Answered in Loader Crane Market Report –
Who are the Major Manufacturers and Suppliers of Loader Crane?
What will the Loader Crane Market growth rate in Future?
What are the key factors driving the global Loader Crane Market?
Who are the key manufacturers in Loader Crane Market space?
What are the opportunities and threats faced by the vendors in the global Loader Crane industry?
What are sales, revenue, and price analysis by regions of Loader Crane industry?
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