South America Mobile Crane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Crane Type (Truck Cranes, All-terrain cranes, Rough Terrain Cranes, Crawler Cranes, and Others) and Application (Construction, Oil and Gas, Shipping and Port Building, Power and Utilities, and Others)        

The mobile crane market in SAM is expected to grow from US$ 1,139.59 million in 2021 to US$ 1,202.14 million by 2028. It is estimated to grow at a CAGR of 0.8% from 2021 to 2028.

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 Revenue and Forecast to 2028 (US$ Million)

SAM Mobile Crane Market Segmentation  
 

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.  

1. KATO WORKS CO., LTD
2. Kobelco Construction Machinery Co., Ltd.
3. LIEBHERR-INTERNATIONAL
4. Sany Group
5. Sumitomo Heavy Industries Construction Cranes Co., Ltd.
6. Tadano Ltd.
7. Terex Corporation
8. The Manitowoc Company, Inc
9. Xuzhou Construction Machinery Group Co., Ltd
10. Zoomlion Heavy Industry Science & Technology Co., Ltd.

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM mobile crane market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the SAM mobile crane market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the mobile crane market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution