In­fra fu­elling growth in mo­bile cranes

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ncreased ef­forts to­ward the de­vel­op­ment of next-gen­er­a­tion mo­bile cranes are one of the ma­jor emerg­ing trends in the mo­bile crane mar­ket. Sev­eral ven­dors are de­vel­op­ing tech­no­log­i­cally ad­vanced mo­bile cranes that have bet­ter con­trol sys­tems and are more ef­fi­cient. This was an­nounced by TechNavio, an in­de­pen­dent tech­fo­cused global re­search firm in its lat­est mar­ket re­search re­port on the Global Mo­bile Crane Mar­ket 2014-2018.

“Sev­eral in­ter­na­tional com­pa­nies are ex­pand­ing their pres­ence in de­vel­op­ing coun­tries to take ad­van­tage of the low-cost man­u­fac­tur­ing, be­cause of the global eco­nomic down­turn,” said Faisal Ghaus, Vice Pres­i­dent, TechNavio Re­search. “This has led to a rise in the de­mand for res­i­den­tial, com­mer­cial, and in­dus­trial build­ings, in­creases the adop­tion of con­struc­tion equip­ment world­wide gen­er­at­ing de­mand for var­i­ous high­per­for­mance cranes.”

Mean­while, an­a­lysts at Re­search and Mar­kets have fore­cast the global au­to­mated ma­te­rial han­dling equip­ment mar­ket to grow at a CAGR of 4.28 per cent over the pe­riod 2013-2018.

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