The SAM mobile crane market is anticipated to witness growth during the forecast period. Brazil accounts for most of the mobile cranes market in South America and is estimated to grow at the fastest CAGR due to increasing urbanization and export and import facilities and rising investments in the construction, power utilities, and shipbuilding sectors. The rise in mining and infrastructural sectors is a major factor in the mobile cranes market growth in SAM.
Due to increased urbanization and massive infrastructure initiatives, countries, such as Chile and Columbia, are predicted to be the fastest-growing countries in Latin America. Furthermore, strong support from the local governments in the oil & gas sectors is likely to drive the demand for mobile cranes. Additionally, the mobile cranes market has grown due to technological advancements. The markets in Chile, Columbia, Argentina, and the Rest of SAM are predicted to expand faster.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM mobile crane market at a good CAGR during the forecast period.
SAM mobile crane market is analyzed on the basis of crane type, application, and country. Based on crane type, the market is segmented into truck cranes, all-terrain cranes, rough terrain cranes, crawler cranes, and others. The truck cranes segment held the largest market share in 2020.
Based on application, the market is segmented into construction, oil & gas, shipping & port building, power & utilities, and others. The construction segment held the largest market share in 2020.
Based on country, the SAM mobile crane market is segmented into Brazil, Argentina, and the Rest of SAM.
Furthermore, KATO WORKS CO., LTD; Kobelco Construction Machinery Co., Ltd.; LIEBHERR-INTERNATIONAL; DEUTSCHLAND GMBH; Sany Group; Sumitomo Heavy Industries Construction Cranes Co., Ltd; Tadano Ltd; Terex Corporation; The Manitowoc Company, Inc; Xuzhou Construction Machinery Group Co., Ltd; and Zoomlion Heavy Industry Science & Technology Co., Ltd. are the leading companies in the SAM mobile crane market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,139.59 Million |
| Market Size by 2028 | US$ 1,202.14 Million |
| CAGR (2021 - 2028) | 0.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Crane Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Mobile Crane Market is valued at US$ 1,139.59 Million in 2021, it is projected to reach US$ 1,202.14 Million by 2028.
As per our report South America Mobile Crane Market, the market size is valued at US$ 1,139.59 Million in 2021, projecting it to reach US$ 1,202.14 Million by 2028. This translates to a CAGR of approximately 0.8% during the forecast period.
The South America Mobile Crane Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Mobile Crane Market report:
The South America Mobile Crane Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Mobile Crane Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Mobile Crane Market value chain can benefit from the information contained in a comprehensive market report.
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