Countries such as Germany and UK are experiencing a high growth in their construction sector. Governments of various countries are taking initiatives with a motive to support the construction industry. For instance, the Italian government has taken initiatives to strengthen the growth of public as well as private infrastructural investment. Also, in Spain, the government provided subsidiaries and grants for the renovation and construction of houses for rent. Furthermore, the Italian government is providing tax rebates as well as low mortgage interest rates to spur the recovery of residential construction in the country. The European market for mobile crane is expected to witness a lucrative CAGR growth of 2.74% in the forecast period.
With growing urbanization, numbers of residential and commercial buildings both are increasing. Some of the major challenges faced by the construction sector across globe are increase in average global construction prices and shortage of skilled labor. The construction industry globally has divided between two significant factors; intense competition between leading players in market and decrease in global demand. There is gradual change in market with overall slump in global construction activity and some of the region seeing significant price growth throughout the year. The global construction application in mobile crane market is expected to grow at a CAGR of 2.7% during the forecast period.
- Liebherr-International S.A.
- Terex Corporation
- Tadano Ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- XCMG Construction Machinery Co., Ltd.
- Sany Heavy Industry Co., Ltd.
- Kato Works Co. Ltd.
- Kobelco Construction Machinery Co., Ltd.
- Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
- The Manitowoc Company
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