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Rough terrain cranes are mobile cranes used to lift or move heavy material from one place to another on paved or rough or uneven ground. Rough terrain cranes are built on body which has four rubber tires and is capable to climb over uneven ground or surface such as mountainous, marshy, or flat surface, and is able to maintain its grip even on any rugged or difficult terrain. These cranes find their applications for maintenance in mining and petrochemical industries for material handling and lifting materials. These are extensively used by many industries due to the off-road, powerful, and robust capabilities. These are used across various industrial sectors such as civil, construction, maritime, petrochemical, commercial, and renewable energy.
COVID-19 Impact Analysis
Top Impacting Factors
The rough terrain crane is extensively used in the constructional sector. There is an increase in the demand for homes and residential complexes owing to the rise in population across the globe and the shift of rural populations to urban areas. The market for rough terrain crane is anticipated to experience growth due to increase in construction activities in countries such as China, Japan, India, and Indonesia.
Also, there is an increase in the number of applications of rough terrain crane across the world, due to industrialization, and rapid development of infrastructure, and renovation, and upgradation of existing infrastructure, and increase in investments in power transmission and distribution (T&D) networks, which in turn drives the growth of the rough terrain crane market.
Emerging economies in the Asia-Pacific region have registered a growth in infrastructural projects. For example, in India, the introduction of schemes such as Pradhan Mantri Awas Yojana (PMAY), and Pradhan Mantri Gramin Awas Yojana and the development of smart cities has led to increase in construction activities, hence uplifting the growth of the rotary laser level market.
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Key Benefits of the Report
Rough Terrain Crane Market Report Highlights
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Key Market Players | Liebherr Group,, TIL Limited, ENTREC Corporation,, Manitex International Inc., Terex Corporation,, KATO WORKS CO., LTD,, Manitowoc Company, Inc.,, Tadano Ltd.,, Xuzhou Construction Machinery Group Co., Ltd., |
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