
The global keyword market is on an upward growth trajectory owing to a number of trends and drivers that the landscape is set to witness over the period 2018 to 2020. A thorough analysis is provided in the report titled “Mobile Construction Cranes Market Global Revenue and Volume Comparison between 2018 and 2028”. The report analysis includes business intelligence of sixe of market in terms of volumes as x units and in terms of value as million/billion USD over the forecast period. It also delves into the regional segments and their growth prospects over the stated period. Details include growth prospects, restraints and such critical information regarding regional strength. This is significant to figure out which are the regions worth focusing upon. The regional segmentation is as follows:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- MEA and Japan
- APEJ (China, India)
An analysis regarding strengths, weaknesses and threats created by these players is also a part of the market study. Additionally, strategies – historical and upcoming – also find a place in the market landscape. The report also consists of production forecasts, agreements, alliances, research and development projects, and market shares of these players.
The mobile construction cranes market is anticipated to witness a slow growth. The latest report by Fact.MR expects the mobile construction cranes market to surpass US$ 9,000 million revenue by the end of 2018. Growth in the renewable energy projects to meet the ever-increasing demand for power supply is also one of the factors driving demand in the mobile construction cranes market.
Manufacturers in the mobile construction cranes market are investing in the research and development activities to develop robot cranes and introduce new technology. Adoption of new technology is enabling mobile construction cranes to be energy efficient, and compact. However, mobile construction cranes market worldwide is facing challenges due to the skilled labor shortage and increased cost of labor.
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Asia-Pacific accounts for the largest share in the construction industry, with growth opportunities for mobile construction cranes manufacturers in India, China, and Japan. Hence, momentum in the infrastructure sector in the region is likely to result in the sluggish performance of the mobile construction cranes market. Moreover, a rise in the road, railway, and metro projects are providing good demand for mobile construction cranes. Heavy investment in new construction projects is expected in Southeast Asia, notably in Malaysia, Philippines, and Indonesia. Expansion in the construction industry in the region is expected to fuel the demand in the mobile construction cranes market.