Mobile Crane Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Action Construction Equipment Ltd. and Altec Inc. | Technavio
LONDON–(BUSINESS WIRE)–The global mobile crane market is expected to grow by USD 1.39 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 2%.
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Read the 120-page report with TOC on “Mobile Crane Market Analysis Report by End-user (Construction, Industries, and Utilities), Geography (APAC, Europe, North America, MEA, and South America), and the Segment Forecasts, 2020-2024”.
The market is driven by the increase in infrastructure-based development. In addition, the rising use of telematics is anticipated to boost the growth of the mobile crane market.
Globally, change in demographics