According to the research report titled, ‘Mobile Crane Market Size By Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane), By Capacity (5 Ton, 10 to 20 Ton, 21 to 30 Ton, Above 30 Ton), By Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2030’, available with MarketStudyReport, global mobile crane market is anticipated to  grow significantly during 2021-2030.
 

Escalating product demand in the transport and logistics sector and prominent adoption in construction activities are propelling the growth of global mobile crane market.
 

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For the unversed, mobile cranes are basically cable-controlled cranes attached to a crawler which is controlled with cables or pulleys. They help in moving objects in horizontal as well as vertical directions.
 

In addition, benefits offered by these cranes such as affordability, as well as the ability to lift & move heavy objects over short distances are further augmenting the industry outlook. Besides, with increasing environmental concerns, major players are undertaking effective strategies to reduce their carbon emissions, which in turn is adding momentum to market progression.
 

On the flipside, high initial purchase and maintenance costs along with shortage of skilled operators are likely to hamper the remuneration scope of global mobile crane market in the upcoming years.
 

By product type, the crawler segment presently holds a considerable market share and is poised to expand notably through 2030, owing to high demand driven by its ability to carry heavy loads effortlessly.
 

Based on capacity, the 10 to 20 tons segment is slated to register lucrative progression trends over the stipulated timeline, due to rising product utilization in transport and logistics sectors.
 

Regionally speaking, Middle East & Africa presently captures a significant share in terms of overall market revenue and is projected to amplify substantially during 2021-2030. This is creditable to increasing government investments in smart cities and rapid proliferation of the energy production sector in the region.
 

Key players operating in global  mobile crane market are Zoomlion Heavy Industry Science and Technology Co., Ltd., Kato Works Co.,  Xuzhou Construction Machinery Group Co., Ltd., Terex Corporation, Tadano Ltd, Sany Heavy Industry Co., Ltd, Fassi Gru S.p.A, Palfinger AG, Manitowoc Company, Inc., The Liebherr Group, Kobelco Construction Machinery Co., Ltd., Hydrauliska Industri AB, and Action Construction Equipment Ltd.