December 1, 2021

Truck Mounted Crane Market 2020 – 2024: Post-Pandemic Industry Planning Structure| Technavio | Business


The truck mounted crane market is expected to grow by USD 317.11 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the truck mounted crane market in optimistic, probable, and pessimistic forecast scenarios.

Technavio has announced its latest market research report titled Global Truck Mounted Crane Market 2020-2024 (Graphic: Business Wire)

The truck mounted crane market will witness Neutral and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Decrease as compared to 2019.

As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure.Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Truck Mounted Crane Market Participants:

Sumitomo Heavy Industries Ltd.

Sumitomo Heavy Industries Ltd. operates its business under various segments such as construction machinery, precision machinery, machinery components, environmental facilities & plants, ships, and industrial machinery. The company offers truck mounted crane rentals such as Grove GMK5240 and others.

Tadano Ltd. operates its business under four segments, which include mobile cranes, truck loader cranes, aerial work platforms, and others. The company offers GT series of truck cranes manufactured in Japan. These include GT-750, GT-600, GT-300, GT-350, and GT 550 models.

Terex Corp. has business operations under aerial work platforms and materials processing segments. The company offers truck mounted cranes such as TC 2800-1 that couples a 600t lattice crane with truck-mounted chassis for applications, which require a long reach in confined spaces.

Truck Mounted Crane Market 2020-2024: Segmentation

Truck Mounted Crane is segmented as below:

  • End-user
    • Construction
    • Industrial
    • Utilities
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

The truck mounted crane market is driven by the rapid growth of construction activities. In addition, other factors such as the rapid globalization of industries is expected to trigger truck mounted crane market toward witnessing a CAGR of over 2% during the forecast period.

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

CONTACT: Technavio Research

Media & Marketing Executive 


SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 09/23/2020 12:00 PM/DISC: 09/23/2020 12:01 PM

Copyright Business Wire 2020.

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