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Southeast Asia Mobile Crane Market - Strategic Assessment & Forecast 2024-2029

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    Report

  • 229 Pages
  • July 2024
  • Region: Asia Pacific
  • Arizton
  • ID: 5985339
UP TO OFF until Dec 31st 2024
1h Free Analyst Time
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The Southeast Asia Mobile Crane Market consisted of 2,666 units in 2023, and is expected to reach 4,317 units by 2029, rising at a CAGR of 8.36%.

Southeast Asians Governments are Investing in Developing Public Infrastructure

  • In the 2023 State Budget, the Indonesian government set aside USD 25.3 billion primarily for infrastructure development. The government has allocated funds to develop the National Capital City of the Archipelago (IKN), which will replace Jakarta as Indonesia's capital. Therefore, in 2023, the government announced an investment of USD 670.3 million for the project.
  • On the other hand, the Thai government announced investments worth USD 9.6 billion to aid the construction industry. The government aims to develop the Eastern Economic Corridors (EEC) area into a high-tech industrial hub. The Thai-Chinese high-speed railway project is divided into two phases.
  • According to the Building & Construction Authority (BCA), the total value of construction projects in Singapore ranged between USD 19.8 and USD 23.5 billion in 2023. The public sector attracted the highest demand, contributing nearly 60% of total construction demand in 2023. This is supported by pipeline public housing projects and the Housing Development Board's ramping up of Build-To-Order flats.

KEY HIGHLIGHTS

  • The all-terrain cranes segment is expected to witness the fastest CAGR, followed by truck-mounted cranes. A surge in government investment in port expansion projects to increase marine trade among Southeast Asia and other countries drives demand for gantry cranes in the Southeast Asia mobile crane market. Other mobile cranes, such as Carry Deck Cranes, Floating Cranes, Pick & Carry, Side lifters, Gantry Cranes, & Aerial Cranes together accounted for the largest market share, followed by truck-mounted cranes, during the forecast period.
  • Government policies, manufacturing relocation, infrastructure investments, and rising commodity prices have boosted market demand, making the Southeast Asia mobile crane market lucrative.
  • Indonesia prioritizes infrastructure in its National Medium-term Development Plan 2020-2024, allocating a significant USD 359.2 billion investment. The approval of the National Capital Law Draft in 2022 announced the capital's shift from Jakarta to East Kalimantan.
  • Zoomlion has a strong presence in the Southeast Asian Belt and Road market, employing a localized channel management approach. The company dominates with its crane products, holding approximately 65% share in Malaysia and being recognized as Thailand's most familiar Chinese brand. Also, the company’s crane has gained popularity in the Southeast Asia mobile crane market. The company actively participated in significant local projects, including the Jakarta-Bandung high-speed railway and the Delong Nickel Mine.
  • By rapidly expanding into Southeast Asia, Chinese construction machinery brands are shifting from only product exports to localized operations. Prominent vendors, for instance, Zoomlion and SANY, have recently inaugurated subsidiaries in Malaysia, Vietnam, and the Philippines, emphasizing their commitment to local development.
  • In 2023, Tadano launched the TM-ZX1205HRS Loader Crane in Thailand. It has a lifting capacity of 12 tons, a 50-meter boom tip, a self-erecting system, and remote-control technology.

Segmentation of Mobile Crane

  • By Type
    • Truck Mounted Crane
    • Crawler Crane
    • All Terrain Crane
    • Rough Terrain Crane
    • Other Mobile Crane (Carry Deck Crane, Floating Crane, Pick & Carry, Side lifter, Gantry Crane & Aerial Crane)
  • By Lifting Capacity
    • Less Than 20 Ton
    • 20-100 Ton
    • 101-200 Ton
    • Above 200 Ton
  • By End Users
    • Construction
    • Mining
    • Manufacturing
    • Cargo Transport/ Port
    • Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management)
  • By Region
    • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Rest of Southeast Asia

MARKET TRENDS & DRIVERS

Upgradation in the Mobile Crane Attachments

There is a rise in infrastructure projects in Indonesia. Therefore, the demand for mobile cranes is increasing in the Indonesian industry, as they are used for material handling at construction sites. Further, Indonesia is the major importer of mobile cranes from China. Zoomlion, one of Indonesia's significant vendors, has introduced various types and sizes of mobile cranes. The company introduced mobile cranes with work tools, depending on the application. The mobile cranes also use pile drivers, clamshells, draglines, and wrecking balls to help increase their operation's efficiency.

Growing Investment in Renewable Projects Drive the Southeast Asia Mobile Crane Market

  • There are rising trends in government investment in renewable energy projects to achieve carbon neutrality. The Southeast Asian countries are also investing heavily in renewable energy projects in 2024.
  • The Asian Development Bank estimated that by 2050, the SEA region may face a 30% reduction in GDP due to rising global temperatures and extreme weather calamities. In response, the area is significantly investing in green energy production.
  • Indonesia’s PLN’s $172 billion investment plan focuses on renewable energy projects and grid upgrades to add 60 GW of new renewable power capacity. In addition, the Institute for Essential Services Reform (IESR) planned the Central Java Renewable Energy Investment Forum 2023 to encourage investment opportunities in the country.

Increase in Stainless Steel Production in the Market Propel Demand for Mobile Crane

The Indonesian Press & Steel Industry Affiliation (IISIA) predicts that national steel utilization will increase by 5.2% to reach 18.3 million tons in 2024. There is rising demand for steel production due to growth in the property sector, increasing government spending on infrastructure & rise in the automotive industry. It is estimated that steel demand for different infrastructure projects in the country will be ~ 10 million metric tons in 2024. The country's construction sector accounts for about 78% of steel consumption annually. About 40% is used in infrastructure work, while the other 38% goes into non-infrastructure work. Indonesia is expected to surpass India and Japan to become the world's second-largest stainless steel producer. The Chinese government has withdrawn the export tax rebate in May 2021, which will restrict the export of stainless steel from China.

Growing Investment in the Mining Sector in Southeast Asia to Strengthen Demand for Mobile Crane

  • Investments in Indonesia's mining industry remained strong in 2023, undisturbed by global economic uncertainties. During the initial six months of 2023, foreign and local investments totaled around USD 4.6 billion.
  • Indonesia, a significant nickel producer, centered its 2023 investments in constructing processing and refining facilities to fulfill the increasing need for this metal, which is vital in electric vehicle battery production.
  • In 2023, investments in copper in Indonesia were primarily directed toward exploring and developing new copper deposits, leveraging the country's position as one of the globe's top holders of copper reserves.
  • Over the last few years, the Thai government has invested substantially in mining, aiming to enhance the nation's gold, copper, and tin resources.
  • Other Southeast Asian countries, such as Malaysia and Vietnam, are investing in various mining projects, which are expected to drive the Southeast Asian mobile crane market.

INDUSTRY RESTRAINTS

Rising Building Material Prices Hampering Construction Projects

  • In 2023, inflation across Southeast Asia is projected to ease, yet it is anticipated to persist above the levels observed before the pandemic. According to the Asian Development Bank (ADB), Southeast Asian inflation is estimated to average 3.6% for 2023, a decrease from 4.4% recorded in 2022.
  • Countries in the region also witness increasing mortgage rates in Southeast Asia, impacting residential demand. Indonesia has been increasing the cost of borrowing to address inflationary pressure. The Bank of Indonesia raised its interest rates by 250 basis points in 2023.
  • In Singapore, construction expenses have consistently risen for different types of buildings over the last three years. Residential flat construction costs saw a 26% surge from 2021 to 2023.

Rising Demand for Mobile Crane Rental Market Hampering Sales of New Mobile Crane

  • The high prices of new mobile cranes obligate construction companies in Southeast Asia to rent the equipment, hampering the growth of the Southeast Asian mobile crane market. Many contractors opt to rent because of the high expenses of owning and maintaining heavy equipment.
  • The global pandemic and geopolitical crises have resulted in supply chain disruptions for manufacturing mobile cranes, ultimately driving prices upwards. For example, the number of semiconductor chips required for equipment engines has risen recently. The price of some microcontroller chips in Malaysia will increase by approximately 400% in 2022.
  • In addition, in Singapore, the cost of manufacturing chips will increase by 20% in 2022. Other raw materials, such as steel prices, have also increased. The cost of iron ore and choking coal, critical inputs in steel production, has also risen.
  • The booming rental equipment will hamper the sales of new mobile cranes during the forecast period.

VENDOR LANDSCAPE

  • SANY, Tadano, XCMG, Liebherr, and Zoomlion are leaders in the Southeast Asia mobile crane market. These companies have a strong industry share and offer diverse sets of equipment.
  • LiuGong, Terex, Mammoet, and Manitex are niche players in the Southeast Asian mobile crane market. These companies offer limited product diversification and have a strong presence in the local market.
  • Manitowoc, Kobelco, and Sumitomo Construction Machinery are emerging in the Southeast Asia mobile crane market. These companies are introducing new technologically advanced products to challenge the market share of industry leaders.
  • Link-Belt, Kato Works, and Kone Crane have low product diversification, and they are lagging in adopting new technologies used in the Southeast Asian mobile crane market.

Key Vendors

  • Tadano
  • Manitex International
  • Manitowoc
  • Liebherr
  • Kobelco
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • SANY
  • Xuzhou Construction Machinery Group (XCMG)

Other Prominent Vendors

  • SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
  • KATO WORKS CO., LTD.
  • Terex Corporation
  • LiuGong
  • Link-Belt Cranes
  • Mammoet

Distributor Profiles

  • United Tractors
  • Multicrane Perkasa
  • UM Mobile Crane Sdn Bhd
  • BinhLoi CO., LTD
  • Tat Hong Holdings Ltd.

KEY QUESTIONS ANSWERED

1. How big is the Southeast Asia mobile crane market?
2. Who are the key players in the Southeast Asia mobile crane market?
3. What is the growth rate of the Southeast Asia mobile crane market?
4. Which are the major distributor companies in the Southeast Asia mobile crane market?
5. What are the trends in the Southeast Asia mobile crane market?

Table of Contents

1. Research Methodology2. Research Objective3. Research Process
4. Introduction
4.1 Market Coverage
4.2 Report Scope
5. Market at a Glance
5.1 Market Overview
5.2 Market Snapshot
6. Executive Summary
7. Market Landscape
7.1 PESTEL Analysis
7.2 Economic Scenario
7.3 Market Dynamic
7.4 Key Economic Region
7.5 Supply Chain Analysis
8. Segmentation
8.1 By Equipment Type (Volume & Value)
8.1.1 Equipment Definition
8.1.1.1 Crawler Crane
8.1.1.2 Rough Terrian Crane
8.1.1.3 All Terrian Crane
8.1.1.4 Truck Mounted Crane
8.1.1.5 Other Mobile Crane (Pick & Carry Crane, Aerial Crane, Gantry Crane, Floating Crane, Ship to Shore Crane)
8.1.2 Equipment Definition (By Lifting Capacity)
8.1.2.1 Less Than 20 Ton
8.1.2.2 20-100 Ton
8.1.2.3 101-200 Ton
8.1.2.3 Above 200 Ton
8.2 By Equipment End-user (Volume & Value)
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Cargo Transport
8.2.5 Mining
8.2.6 Others (Waste Management, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)
9. Geographical Analysis
9.1 Indonesia
9.2 Thailand
9.3 Malaysia
9.4 Rest of Southeast Asia
10. Technology Development
11. Competitive Landscape
11.1 Competitive Landscape Overview
11.2 Vendors (Mammoet | Manitex | Link- Belt Machinery | Sany | Xcmg | Tadano | Liebherr | Kobelco | | Sumitomo | Zoomlion | Terex | Liugong | Kone Crane | Manitowoc | Kato)
11.3 Other Prominent Vendors
11.4 Distributors Companies Profiles
12. Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings
List of Exhibits
Exhibit 1 Mobile Crane Market, Volume (Units)
Exhibit 2 Incremental Growth by Lifting Capacity 2023-2029 (Volume)
Exhibit 3 Mobile Crane Market by Application 2023 (% Share)
Exhibit 4 Southeast Asia Mobile Crane by Type in 2023 (%)
Exhibit 5 Southeast Asia Mobile Crane by Lifting Capacity in 2023 (%)
Exhibit 6 Southeast Asia Mobile Crane by End-user in 2023 (%)
Exhibit 7 Southeast Asia Mobile Crane Market, Volume 2023-2029 (Units)
Exhibit 8 Southeast Asia Mobile Crane Market, Volume 2023-2029 ($Mn)
Exhibit 9 Southeast Asia Crawler Crane Market 2020-2029 (Units)
Exhibit 10 Southeast Asia Crawler Crane Market 2020-2029 ($ Mn)
Exhibit 11 Southeast Asia Rough Terrain Crane Market 2020-2029 (Units)
Exhibit 12 Southeast Asia Rough Terrain Market 2020-2029 ($ Mn)
Exhibit 13 Southeast Asia All Terrain Crane Market 2020-2029 (Units)
Exhibit 14 Southeast Asia All Terrain Market 2020-2029 ($ Mn)
Exhibit 15 Southeast Asia Truck Mounted Crane Market 2020-2029 (Units)
Exhibit 16 Southeast Asia Truck Mounted Crane Market 2020-2029 ($ Mn)
Exhibit 17 Southeast Asia Other Mobile Crane Market 2020-2029 (Units)
Exhibit 18 Southeast Asia Other Mobile Crane Market 2020-2029 ($Mn)
Exhibit 19 Southeast Asia Less Than 20 Ton Mobile Crane Market 2020-2029 (Units)
Exhibit 20 Southeast Asia Less Than 20 Ton Mobile Crane Market 2020-2029 ($Mn)
Exhibit 21 Southeast Asia 20-100 Ton Mobile Crane Market 2020-2029 (Units)
Exhibit 22 Southeast Asia 20-100 Ton Mobile Crane Market 2020-2029 ($Mn)
Exhibit 23 Southeast Asia 101-200 Ton Mobile Crane Market 2020-2029 (Units)
Exhibit 24 Southeast Asia 101-200 Ton Mobile Crane Market 2020-2029 ($Mn)
Exhibit 25 Southeast Asia Above 200 Ton Mobile Crane Market 2020-2029 (Units)
Exhibit 26 Southeast Asia Above 200 Ton Mobile Crane Market 2020-2029 ($Mn)
Exhibit 27 Southeast Asia Mobile Crane Use in Construction Industry 2020-2029 (Units)
Exhibit 28 Southeast Asia Mobile Crane Use in Construction Industry 2020-2029 ($Mn)
Exhibit 29 Southeast Asia Mobile Crane Market Use in Manufacturing 2020-2029 (Units)
Exhibit 30 Southeast Asia Mobile Crane Market Use in Manufacturing 2020-2029 ($Mn)
Exhibit 31 Southeast Asia Mobile Crane Use in Mining 2020-2029 (Units)
Exhibit 32 Southeast Asia Mobile Crane Use in Mining 2020-2029 ($Mn)
Exhibit 33 Southeast Asia Mobile Crane Use in Cargo Transport 2020-2029 (Units)
Exhibit 34 Southeast Asia Mobile Crane Use in Cargo Transport 2020-2029 ($Mn)
Exhibit 35 Southeast Asia Mobile Crane Use in Other Industries 2020-2029 (Units)
Exhibit 36 Southeast Asia Mobile Crane Use in Other Industries 2020-2029 ($Mn)
Exhibit 37 Indonesia Mobile Crane Market 2020-2029 (Units)
Exhibit 38 Indonesia Crawler Crane Market 2020-2029 (Units)
Exhibit 39 Indonesia Crawler Crane Market 2020-2029 ($ Mn)
Exhibit 40 Indonesia Rough Terrain Crane Market 2020-2029 (Units)
Exhibit 41 Indonesia Rough Terrain Market 2020-2029 ($ Mn)
Exhibit 42 Indonesia All Terrain Crane Market 2020-2029 (Units)
Exhibit 43 Indonesia All Terrain Market 2020-2029 ($ Mn)
Exhibit 44 Indonesia Truck Mounted Crane Market 2020-2029 (Units)
Exhibit 45 Indonesia Truck Mounted Crane Market 2020-2029 ($ Mn)
Exhibit 46 Indonesia Other Mobile Crane Market 2020-2029 (Units)
Exhibit 47 Indonesia Other Mobile Crane Market 2020-2029 ($Mn)
Exhibit 48 Indonesia Mobile Crane Use in Construction Industry 2020-2029 (Units)
Exhibit 49 Indonesia Mobile Crane Use in Construction Industry 2020-2029 ($Mn)
Exhibit 50 Indonesia Mobile Crane Market Use in Manufacturing 2020-2029 (Units)
Exhibit 51 Indonesia Mobile Crane Market Use in Manufacturing 2020-2029 ($Mn)
Exhibit 52 Indonesia Mobile Crane Use in Mining 2020-2029 (Units)
Exhibit 53 Indonesia Mobile Crane Use in Mining 2020-2029 ($Mn)
Exhibit 54 Indonesia Mobile Crane Use in Cargo Transport 2020-2029 (Units)
Exhibit 55 Indonesia Mobile Crane Use in Cargo Transport 2020-2029 ($Mn)
Exhibit 56 Indonesia Mobile Crane Use in Other Industries 2020-2029 (Units)
Exhibit 57 Indonesia Mobile Crane Use in Other Industries 2020-2029 ($Mn)
Exhibit 58 Thailand Mobile Crane Market 2020-2029 (Units)
Exhibit 59 Thailand Crawler Crane Market 2020-2029 (Units)
Exhibit 60 Thailand Crawler Crane Market 2020-2029 ($ Mn)
Exhibit 61 Thailand Rough Terrain Crane Market 2020-2029 (Units)
Exhibit 62 Thailand Rough Terrain Market 2020-2029 ($ Mn)
Exhibit 63 Thailand All Terrain Crane Market 2020-2029 (Units)
Exhibit 64 Thailand All Terrain Market 2020-2029 ($ Mn)
Exhibit 65 Thailand Truck Mounted Crane Market 2020-2029 (Units)
Exhibit 66 Thailand Truck Mounted Crane Market 2020-2029 ($ Mn)
Exhibit 67 Thailand Other Mobile Crane Market 2020-2029 (Units)
Exhibit 68 Thailand Other Mobile Crane Market 2020-2029 ($Mn)
Exhibit 69 Thailand Mobile Crane Use in Construction Industry 2020-2029 (Units)
Exhibit 70 Thailand Mobile Crane Use in Construction Industry 2020-2029 ($Mn)
Exhibit 71 Thailand Mobile Crane Market Use in Manufacturing 2020-2029 (Units)
Exhibit 72 Thailand Mobile Crane Market Use in Manufacturing 2020-2029 ($Mn)
Exhibit 73 Thailand Mobile Crane Use in Mining 2020-2029 (Units)
Exhibit 74 Thailand Mobile Crane Use in Mining 2020-2029 ($Mn)
Exhibit 75 Thailand Mobile Crane Use in Cargo Transport 2020-2029 (Units)
Exhibit 76 Thailand Mobile Crane Use in Cargo Transport 2020-2029 ($Mn)
Exhibit 77 Thailand Mobile Crane Use in Other Industries 2020-2029 (Units)
Exhibit 78 Thailand Mobile Crane Use in Other Industries 2020-2029 ($Mn)
Exhibit 79 Malaysia Mobile Crane Market 2020-2029 (Units)
Exhibit 80 Malaysia Crawler Crane Market 2020-2029 (Units)
Exhibit 81 Malaysia Crawler Crane Market 2020-2029 ($ Mn)
Exhibit 82 Malaysia Rough Terrain Crane Market 2020-2029 (Units)
Exhibit 83 Malaysia Rough Terrain Market 2020-2029 ($ Mn)
Exhibit 84 Malaysia All Terrain Crane Market 2020-2029 (Units)
Exhibit 85 Malaysia All Terrain Market 2020-2029 ($ Mn)
Exhibit 86 Malaysia Truck Mounted Crane Market 2020-2029 (Units)
Exhibit 87 Malaysia Truck Mounted Crane Market 2020-2029 ($ Mn)
Exhibit 88 Malaysia Other Mobile Crane Market 2020-2029 (Units)
Exhibit 89 Malaysia Other Mobile Crane Market 2020-2029 ($Mn
Exhibit 90 Malaysia Mobile Crane Use in Construction Industry 2020-2029 (Units)
Exhibit 91 Malaysia Mobile Crane Use in Construction Industry 2020-2029 ($Mn)
Exhibit 92 Malaysia Mobile Crane Market Use in Manufacturing 2020-2029 (Units)
Exhibit 93 Malaysia Mobile Crane Market Use in Manufacturing 2020-2029 ($Mn)
Exhibit 94 Malaysia Mobile Crane Use in Mining 2020-2029 (Units)
Exhibit 95 Malaysia Mobile Crane Use in Mining 2020-2029 ($Mn)
Exhibit 96 Malaysia Mobile Crane Use in Cargo Transport 2020-2029 (Units)
Exhibit 97 Malaysia Mobile Crane Use in Cargo Transport 2020-2029 ($Mn)
Exhibit 98 Malaysia Mobile Crane Use in Other Industries 2020-2029 (Units)
Exhibit 99 Malaysia Mobile Crane Use in Other Industries 2020-2029 ($Mn)
Exhibit 100 Rest of Southeast Asia Mobile Crane 2020-2029 (Units)
Exhibit 101 Rest of Southeast Asia Crawler Crane Market 2020-2029 (Units)
Exhibit 102 Rest of Southeast Asia Crawler Crane Market 2020-2029 ($ Mn)
Exhibit 103 Rest of Southeast Asia Rough Terrain Crane Market 2020-2029 (Units)
Exhibit 104 Rest of Southeast Asia Rough Terrain Market 2020-2029 ($ Mn)
Exhibit 105 Rest of Southeast Asis All Terrain Crane Market 2020-2029 (Units)
Exhibit 106 Rest of Southeast Asia All Terrain Market 2020-2029 ($ Mn)
Exhibit 107 Rest of Southeast Asia Truck Mounted Crane Market 2020-2029 (Units)
Exhibit 108 Rest of Southeast Asia Truck Mounted Crane Market 2020-2029 ($ Mn)
Exhibit 109 Rest of Southeast Asia Other Mobile Crane Market 2020-2029 (Units)
Exhibit 110 Rest of Southeast Asia Other Mobile Crane Market 2020-2029 ($Mn)
Exhibit 111 Rest of Southeast Asia Mobile Crane Use in Construction Industry 2020-2029 (Units)
Exhibit 112 Rest of Southeast Asia Mobile Crane Use in Construction Industry 2020-2029 ($Mn)
Exhibit 113 Rest of Southeast Asia Mobile Crane Market Use in Manufacturing 2020-2029 (Units)
Exhibit 114 Rest of Southeast Asia Mobile Crane Market Use in Manufacturing 2020-2029 ($Mn)
Exhibit 115 Rest of Southeast Asia Mobile Crane Use in Mining 2020-2029 (Units)
Exhibit 116 Rest of Southeast Asia Mobile Crane Use in Mining 2020-2029 ($Mn)
Exhibit 117 Rest of Southeast Asia Mobile Crane Use in Cargo Transport 2020-2029 (Units)
Exhibit 118 Rest of Southeast Asia Mobile Crane Use in Cargo Transport 2020-2029 ($Mn)
Exhibit 119 Rest of Southeast Asia Mobile Crane Use in Other Industries 2020-2029 (Units)
Exhibit 120 Rest of Southeast Asia Mobile Crane Use in Other Industries 2020-2029 ($Mn)
Exhibit 121 Market Share of Top Vendors vs Others (2023)
Exhibit 122 Tadano, Net Sales by Segment 2023 (%)
Exhibit 123 Tadano, Net Sales by Region 2023(%)
Exhibit 124 Manitex, Sales by Business Segment 2023(%)
Exhibit 125 Manitowoc, Sales by Region 2023(%)
Exhibit 126 Liebherr, Sales by Region 2023 (%)
Exhibit 127 Liebherr, Sales by Product Segment 2023(%)
List of Tables
Table 1 Key Infrastructure Projects Across the Region
Table 2 Key Renewable Energy Projects Across the Region
Table 3 Housing Price Index by Country (Q2 2023)
Table 4 Total Incremental Opportunity by Type, 2023-2029
Table 5 Total Incremental Opportunity by End-user 2023-2029

Companies Mentioned

  • Tadano
  • Manitex International
  • Manitowoc
  • Liebherr
  • Kobelco
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • SANY
  • Xuzhou Construction Machinery Group (XCMG)
  • SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
  • KATO WORKS CO., LTD.
  • Terex Corporation
  • LiuGong
  • Link-Belt Cranes
  • Mammoet
  • United Tractors
  • Multicrane Perkasa
  • UM Mobile Crane Sdn Bhd
  • BinhLoi CO., LTD
  • Tat Hong Holdings Ltd.

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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