DEMAND FOR MOBILE CRANES TO ESCALATE INTO 2019
The mobile crane market is projected to grow at a CAGR of 6.92 percent over the period 2015-2019, according to a report by Sandler Research.
This growth is driven by mobile crane market vendors offering fleet management services, including real-time data pertaining to crane operation and fuel consumption.
The demand for mobile cranes has also escalated due to a growing a population and migration to urban areas where efficient transport and infrastructure facilities are needed. Also, an increased investment in power plant construction is another factor that will help the growth of the global mobile crane market.