Models of mobile cranes now have driven and control systems with a variety of optional features that assist to minimize fuel consumption and increase productivity and dependability. When the engine is in idle mode, the complete pump drive is disengaged automatically, and when power is necessary, it is turned on in a couple of seconds utilizing intelligent control. The software provides signals to the electronic engine, which adjusts its RPM automatically according on the lifting needs at the job site. For instance, Zoomlion manufactures mobile cranes that has an energy-saving system that operates at multiple power modes and the average fuel consumption has been reduced by 20 %, down to 4.5 liters per hour. Zoomlion has also designed the crane’s cabs and operator information panel to be as ergonomic and safe as possible, thus maximizing potential overseas demand. This would lead to the growth of the mobile crane market.
LIEBHERR-INTERNATIONAL DEUTSCHLAND GMBH; Zoomlion Heavy Industry Science & Technology Co., Ltd.; AND Sany Group – PROMINENT MARKET PARTICIPANTS IN MOBILE CRANE MARKET
The North American construction sector is expected to grow strongly, supported by robust economic fundamentals, such as a low rate of unemployment r, governments’ focus on infrastructure development, and the tightening of monetary policy, which is expected to facilitate strong capital inflows from external markets. The European crane market is primarily driven by a considerable increase in construction equipment rental and leasing, in addition to the proliferation of the construction sector, across the continent. This has made it easier for end users to access and utilize construction equipment across a wide range of applications.
Due to highly fragmented nature of global Mobile Crane market with presence of a large number of regional and local players worldwide, a few global players and local players focus only on a specific product category. Listing of five key players based on a common criterion such as revenue is, therefore, not feasible. Hence, we have derived “Key Five Players” in the global Mobile Crane market by giving weightage to following key parameters: overall revenue, segmental revenue, brand image & industry experience, current Mobile Crane portfolio, innovative and advanced technology integration/material enhancements, customer base, geographic reach, new product launches, partnerships, mergers & acquisitions, and other market-related activities.
Most of the market initiatives were observed in Global region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2021 | XCMG ranks 395th in the world brand list. Recently, the 2021 ranking list of the world’s top 500 brands of the World Brand Lab was grandly announced. In the world brand lineup obtained based on the analysis of key indicators such as “market share”, “brand loyalty” and “global leadership”. | Global |
| 2020 | Ulferts & Wittrock modernises fleet with Liebherr mobile cranes. The consignments totalling 80 mobile cranes extend from the two-axle LTM 1030-2.1, LTC compact cranes and LTF truck-mounted cranes to the new Liebherr LTM 1230-5.1 and LTM 1250-5.1 five-axle models. | Global |
