However, automation in truck mounted cranes is expected to create lucrative opportunities in the industry.ĭownload Sample PDF (298 Pages with More Insight): On the other hand, certain weight limitations restrain the growth to some extent. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.Įasy accessibility and mobility offered by truck mounted cranes and increasing focus toward public-private partnerships (PPPs) for infrastructure development drive the growth of the global truck mounted crane market.
25, 2021 (GLOBE NEWSWIRE) - According to the report published by Allied Market Research, the global truck mounted crane market was estimated at $10.81 billion in 2020 and is expected to hit $19.40 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030. By region, on the other hand, the market across Asia-Pacific would remain lucrative by 2030.
By product type, the knuckle boom segment held the highest market share in 2020. Easy accessibility and mobility offered by truck mounted cranes and increasing focus toward public-private partnerships (PPPs) for infrastructure development drive the growth of the global truck mounted crane market.
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