LAMEA Mobile Cranes Market

LAMEA Mobile Cranes Market Size, Share & Industry Trends Analysis Report By Product Type, By Application (Construction, Industrial, and Utility), By Country, Historical Data and Growth Forecast, 2021 - 2027

Report Id: KBV-7625 Publication Date: February-2022 Number of Pages: 72
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Market Report Description

The Latin America, Middle East and Africa Mobile Cranes Market would witness market growth of 7.0% CAGR during the forecast period (2021-2027).

Crawler cranes are self-propelled cranes on tracks that work with telescopic and lattice booms. They are massive machines with capacities ranging from 90 to 1200 tonnes. Crawler cranes are commonly employed in operations such as bridge building, concrete tilt-up, and wind farm installation. As the number of development projects in difficult locations rises, mobile cranes are increasingly relied upon to solve problems. But this demand has resulted in the development of extremely big cranes with expanded capabilities.

Infrastructure development is a key aspect in augmenting the pace of urbanisation, particularly in developing countries. The importance of aftermarket assistance in the mobile cranes business is very important. Numerous key companies like Manitowoc in the market are focusing on providing real-time diagnostics & repair, parts and training, and other services to extend the life of cranes and increase consumer confidence in the company.

Kenya, Ethiopia, and Rwanda, among other East African countries, are investing heavily in infrastructure development. For example, Kenya's government launched "the Big Four" project in 2018, an ambitious infrastructure development project aiming at stimulating industry, providing affordable housing and healthcare, and ensuring food security. Along with that, the significant reserve of oil and gas in the countries of the Middle East region would support the demand for mobile cranes in this region.

The Brazil market dominated the LAMEA Mobile Cranes Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $368.1 million by 2027. The Argentina market is anticipated to grow a CAGR of 7.5% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 6.7% during (2021 - 2027).

Based on Product Type, the market is segmented into Truck Mounted Crane, Trailer Mounted Crane and Crawler Crane. Based on Application, the market is segmented into Construction, Industrial, and Utility. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Mobile Cranes Market is Predict to reach $16.9 Billion by 2027, at a CAGR of 4.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BAUER AG, The Manitowoc Company, Inc., Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.), Liebherr-International AG, Manitex International, Inc., Palfinger AG, Sarens N.V. /S.A., Terex Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd., and Xuzhou Construction Machinery Group Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Product Type

  • Truck Mounted Crane
  • Trailer Mounted Crane and
  • Crawler Crane

By Application

  • Construction
  • Industrial, and
  • Utility

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • The Manitowoc Company, Inc.
  • Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.)
  • Liebherr-International AG
  • Manitex International, Inc.
  • Palfinger AG
  • Sarens N.V. /S.A.
  • Terex Corporation
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Xuzhou Construction Machinery Group Co., Ltd.
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