The Latin America, Middle East and Africa Mobile Cranes Market is expected to 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 is expected to support the demand for mobile cranes in this region.
The Brazil market dominated the LAMEA Mobile Cranes Market by Country 2020, and is expected to 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 is expected to 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.
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./p>
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 is expected to support the demand for mobile cranes in this region.
The Brazil market dominated the LAMEA Mobile Cranes Market by Country 2020, and is expected to 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 is expected to 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.
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./p>
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:
- 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.
- Xuzhou Construction Machinery Group Co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. LAMEA Mobile Cranes Market by Product Type
Chapter 4. LAMEA Mobile Cranes Market by Application
Chapter 5. LAMEA Mobile Cranes Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- 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.
- Xuzhou Construction Machinery Group Co., Ltd.
Methodology
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