The global mini cranes market is forecast to expand at a CAGR of over 6.0% throughout the forecast period between 2021 and 2031, projects ESOMAR-certified consulting firm Future Market Insights (FMI). The market is anticipated to witness substantial growth on the back of increasing investment in developing commercial and residential infrastructure and high utility of mini cranes in railway depots.
The surging acceptance of sustainable, and entertainment-friendly energy source have compelled manufacturers to provide towards developing battery-operated mini cranes. High initial purchasing cost and short span requirement from the user side is promoting the demand for rental services in the mini crane market.
For more Insights into the Market, Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-13123
Furthermore, spider cranes are capable of performing highly skilled lifting operations and are laced with advanced safety features like outrigger interlocks which ensure stabilization of the chassis before any lifting operations. These advanced features propel the market sales for mini cranes. Mini cranes are useful in increasing productivity by reducing scheduling time and limiting manpower requirements and labor issues. Driven by surging demand for compact and advanced mini cranes, the global mini cranes market is expected to grow by 2.2 times throughout the forecast period between 2021 and 2031.
“Increasing demand for eco-friendly and compact mini cranes for performing heavy lifting operations in confined spaces will fuel the market growth in the forthcoming years,” says the FMI analyst
Key Takeaways
- The U.S. is expected to offer a favorable growth environment for the mini cranes market owing to rising government investment towards expanding the construction sector and consolidating the infrastructure.
- The presence of leading market players in the country along with flourishing heavy engineering, construction, and automotive industries is fueling the demand for mini cranes in the U.K.
- The growing inclination of manufacturers in Australia towards incorporating mini cranes in agriculture, forestry, and waste management for their high versatility and flexibility will boost the mini crane’s market growth.
- The booming construction industry coupled with the strong presence of the oil and gas industry will fuel the demand for mini cranes in UAE.
- Japan houses some of the leading mini crane manufacturers in the world. The presence of market leaders in the country will propel Japan towards becoming the biggest exporter of mini cranes in the world.
- Battery-operated mini cranes are expected to experience tremendous growth due to rising awareness about GHG emissions and government regulations promoting eco-friendly options.
Competitive Landscape
FMI has profiled some of the prominent market players providing mini cranes that include Hoeflon International B.V, Microcranes, Inc., Promax Access, MAEDA SEISHAKUSHO CO., LTD, Furukawa UNIC Corporation, Manitex Valla S.r.l., Skyjack( Linamar), R&B Engineering, Jekko s.r.l, BG Lift. Industry giants are striving towards developing innovative products and technologies to expand their global foothold. They are forming a strategic alliance with local dealers to improve the supply chain and strengthen their market position. Product launches are quickly becoming an integral part of their market expansion strategy assisting them in gaining a competitive advantage.
For instance, a new range of first-generation mini crawler cranes with the RPG2900 was launched by Palazzani Industrie in September 2020. Similarly, a versatile, medium-sized mini crane – SPX650 was launched by Italian mini crane manufacturer Jekko in August 2020.
Get Customization on this Report for Specific Country @
https://www.futuremarketinsights.com/customization-available/rep-gb-13123
More Insights on the Global Mini cranes Market
Future Market Insights, in its new offering, provides an unbiased analysis of the mini cranes market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the mini cranes market with a detailed segmentation on the basis of lifting capacity (up to 1 ton, 1 to 1.8 ton, 2 to 2.4 ton, 2.5 to 4.9 ton, 5 to 10 ton, 11 to 22 ton), type (spider crane, crawler crane, pick and carry cranes), operation (fuel operated, battery operated), end use sector (industrial, railway depots, construction, facility management, marine, timber & lumber, material handling & logistics) and ownership (direct owned, rented) across major regions (North America, Latin America, Europe, East Asia, South Asia and Pacific , and Middle East & Africa)
Key Questions Covered in the Report
- How will the market for mini cranes expand through 2031?
- Which top manufacturing companies are leading the global mini cranes market?
- What are the key drivers and trends that will stimulate mini cranes sales?
- What are the challenges that will affect the sales of the mini cranes market?
- Which region will remain the most lucrative throughout the forecast period?
- What is the impact of Covid-19 on the mini cranes market?
Mini Cranes Market by category
By Lifting Capacity
- Up to 1 ton
- 1 to 1.8 ton
- 2 to 2.4 ton
- 2.5 to 4.9 ton
- 5 to 10 ton
- 11 to 22 ton
By Type
- Spider Crane
- Crawler Crane
- Articulated
- Telescopic
- Pick and Carry Cranes
By Operation
- Fuel Operated
- Battery Operated
By End-Use Sector
- Industrial
- Foundries
- Power Plants
- Others
- Railway Depots
- Construction
- Residential & Commercial
- Industrial
- Civic Infrastructure
- Facility Management
- Commercial
- Industrial
- Marine
- Timber & Lumber
- Material Handling & Logistics
By Ownership
- Direct Owned
- Rented
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- MEA
Contact Sales for Further Assistance in Purchasing this Report @
https://www.futuremarketinsights.com/checkout/13123
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs