Smart Technologies to Boost Innovation in the Mobile Crane Market - Arizton
CHICAGO, Nov. 24, 2021 /PRNewswire/ -- The trend of transformation to intelligent systems is driven by IoT and data analysis for service, networking, and sustainability. This is resulting in the cranes market to transition into an innovative industry. The expansion of roads, railways, and mass transit is the major factor driving the growth of the cranes industry across the globe. The rise in infrastructure development projects and the increase in production from the steel industry will drive the demand for pick and carry cranes as their usage is higher in steel industries than other crane types. Innovation of smart cranes in the global market are gaining traction due to the shift of digitalization in technologies.
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1. Germany Mobile Crane Market - Strategic Assessment & Forecast 2021-2027
Germany mobile crane market size will be valued at USD 2,027 million and to reach a volume of 5693 units by 2027, growing at a CAGR of 4.15% by volume during 2021-2027. The increasing demand for cranes is attributed to investments by favorable government policies. Foreign multinationals are doubling their investments in Germany via upcoming industrial developments in construction industries and government initiatives. Increasing focus towards port infrastructure leading to the growing number of applications for mobile cranes across Germany. The rise in the installation of solar heating systems in the country is fueling the sales of the mobile crane. Machinery and equipment are one of the major factors promoting Germany as a high-tech nation. The domestic M&E sector is dominated by small and medium-sized enterprises thereby, the demand for mobile cranes is accelerating rapidly in Germany.
2. Indonesia Mobile Crane Market - Strategic Assessment & Forecast 2021-2027
Indonesia mobile crane market size will be valued at USD 315.1 million and to reach a volume of 2,151 units by 2027, growing at a CAGR of 14.06% by volume during the forecast year. Indonesia is one of the largest economies among South Asian countries. Manufacturing and service industries are the major contributors to the Indonesian GDP. In the recent years, the country has witnessed an increase in the FDI inflow. However, the government increased infrastructure development projects such as the development of 25 new airports and renewable energy power generation projects, along with mass transit projects in the country. Furthermore, Indonesia is a major mobile cranes importer from China.
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