Truck Loader Crane Market 2020 Growth Projections by Leading Players: Terex Corporation, Manitowoc, Palfinger, Hiab, XCMG Group, Liebherr Group

Big-duty cranes are gaining steady growth in the truck loader crane market owing to the usage in high weight lifting & handling operations in construction, mining, and energy applications. These machines are mainly utilized by construction companies for loading & unloading of heavy construction materials, transportation of light machines, etc., to eliminate the human interference and provide increased safety in such operations. Rising construction projects and infrastructure transformation activities across the globe are creating high demand for these cranes, leading to high sales and continuous market development.

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Truck Loader Crane Market is expected to exceed USD 2.5 billion by 2025. The rapid evolution of energy, construction, and telecommunication sectors across the globe is supporting the high consumption of loader cranes. The demand is attributed to efficient machine features and technical innovations such as remote controllability, operation handling through mobiles, etc.

Truck Loader Crane Market Growth Drivers: -
o Increasing infrastructure investments globally
o Several government construction projects in Europe and North America
o Increasing 3PL businesses in Europe and the U.S.
o Rapidly developing construction sector in China and India
o Increased logistics and bulk transportation facilities in China
o Proliferation of the Brazilian construction sector
o Growing equipment rental demand in Europe and China
o Rising demand from energy sector in MEA

Truck Loader Crane Market, By End-Use: -
o Construction
o Rental
o Mining
o Oil & gas
o Energy

In the truck loader crane market, energy sector applications are growing due to the utilization in loading & transporting heavy materials from one place to another. These cranes are used to install & assemble large windmills in wind energy-generation plants and aid workers to carry extremely heavy loads without much human intervention. Due to highly risky work operations and the need for worker safety, these cranes are deployed in performing weightlifting operations.

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Brazilian customers are steadily utilizing construction machinery and cranes owing to high product prices and price-consciousness in the region. These factors along with improved economic conditions in Brazil are the major drivers for truck loader crane market growth.

Several machine manufacturers are developing heavy lifting products with reduced structural dimensions and increased elasticity of the operational radii. These product innovations and the provision of heavy application-specific machines are compelling end users to deploy them as compared to conventional lifting methods, further driving truck loader crane market growth.

Prominent players operating in the truck loader crane market include Tadano Ltd., Fassi, Liebherr Group, Hiab, Manitex, Inc., Palfinger AG, Hyva Group, Sany Group, Terex Corporation, etc. The leading companies focus on developing more application-specific models that have increased lifting capacities and lower weight specifications.

Major manufacturers are expanding business operations to other regions for capturing significant market shares and gaining a competitive edge. Several loader crane manufacturers including Hiab, Tadano, etc., are expanding their presence in Brazil by acquiring local players and establishing crane manufacturing units.

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