Report Code: A13011 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Truck Loader Crane Market
Request Now !A lorry loader is a crane mounted on a truck chassis. Its primary application is to load/unload the truck. It can lift load from all sides adding to its flexibility. The crane truck is a portable boom crane mounted on an industrial truck; it may be used with hooks, grabs, and slings for bundled or coiled material. These are also called a knuckle-boom crane or articulating crane and are hydraulically powered articulated arm fitted to a truck or trailer, specifically used for loading/unloading the vehicle cargo. The numerous jointed sections can be folded into a small space when the crane is not in use. The most common use of cranes is in the construction industry and heavy equipment manufacturing.
Market Scope and Structure Analysis
The upcoming and ongoing large construction projects across the globe are anticipated to fuel the truck loader cranes demand. Several countries, such as the U.S., the UK, Germany, China, and India, are witnessing high investments in infrastructure development projects, which include the construction of railway tunnels, commercial & residential buildings, airports, and port extension. These machines are used at construction sites to load or unload heavy materials from the truck’s deck. The rapidly growing oil & gas industry is propelling the growth of the truck loader crane market. The rugged design of the truck loader cranes enables them to be used for heavy-duty applications, providing efficient and reliable vertical transportation for offshore installations. These cranes are used in the oil extraction industry for the safe and secure conveying of liquid containers.
However, one of the major market factors challenging the market growth is the improper usage of the equipment. Lack of importance given to the safety & efficiency of truck loader cranes results in improper loading & unloading operations at the construction sites. The implementation of appropriate government regulations to work with heavy materials along with other progressive steps to increase awareness of the usage of cranes, such as training workers regarding appropriate usage, will help in reducing workplace accidents.
COVID-19 Impact analysis
Top Impacting Factors
The increase in demand for medium-duty cranes is further attributed to their several advantages including installation & operational convenience over traditional crane equipment and the replacement of workers in load lifting operations. Market participants are offering innovative and advanced medium-duty loader cranes in response to the surge in demand across several industrial applications. Competition in the market is increasing based on product strength & quality, distribution channel, and customer service support. Prominent players are focusing on product portfolio expansion and strategic alliances to increase their global market share. The reports cover key developments in the truck loader crane market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from truck loader crane market are anticipated to lucrative growth opportunities in the future with the rise in demand for truck loader cranes in the global market.
Key Benefits of the Report
Truck Loader Crane Market Report Highlights
Aspects | Details |
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By Type |
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By Capacity |
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By Sales |
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By End User Industry |
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By Region |
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Key Market Players | Fassi Gru S.p.A., The Atlas Group, PM Group S.p.A, Prangl, Palfinger AG, Tadano Ltd., Cargotec Oyj, Next Hydraulics s.r.l.., Hyva, Xuzhou Construction Machinery Group Co., Ltd., Cormach S.R.L. |
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