North American mobile cranes market is estimated to grow at a CAGR of 6.1% during the forecast period. The market was valued at nearly $4.1 billion in 2019, which is estimated to reach nearly $6.2 billion in 2026. The major factors encouraging market growth include the rising infrastructure spending and growing mining sector in the region. Increasing mining operations are expected to drive market growth. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals, which is over $2 billion higher than the revised 2018 production totals (as per the US Geological Survey). The materials that can be extracted from the seabed comprise mineral sands (ilmenite, rutile, zircon), gold, tin (cassiterite), aluminum (bauxite), diamond deposits, and rocks salts. Mobile cranes are used in the mining sector for the excavation of raw materials from open-cast mining fields. Heavy-duty process cranes are used in the mining sector that can carry dangerous and extra-heavy loads and must be protected against corrosion from heat, moisture, and dust for continuous use. 

The market is segmented based on product type and application. Based on product type, the market is classified into the truck mounted crane, crawler crane, and trailer mounted crane. Based on application, the market is segmented into construction, industrial, and utility. The rising construction industry is supporting to drive market growth. Rising infrastructure spending is one of the factors promoting the growth of the construction industry in the region. As per the USA Facts, in 2019, the US Federal government invested $29 billion in infrastructure and transferred an additional $67 billion in infrastructure expenditure to the US states. Truck-mounted cranes are being significantly used for a comprehensive range of jobs and are extensively used in a range of construction projects. The lifting capacity can range from 5-2,000 tons 35-100 is often used. Since this kind of crane has a short site preparation time and transportable, they are normally utilized for short hire periods. 

Some key players in the market include Liebherr-International AG, Tadano Ltd., Terex Corp., Konecranes, and the Manitowoc Co., Inc. To increase their market share, the market players are using strategies such as mergers and acquisitions and product launches. For instance, in August 2020, Manitowoc has widened the utilization of its free diagnostic app to comprise its Potain tower cranes that deployed with the Crane Control System (CCS). Additionally, it has launched a new wireless pressure transducer test kit for the measurement and recording of hydraulic pressures on all crane systems. The new functionality supports actively improve digital tools and widen its offering to offer customers valuable and easy-to-use tools for a better user experience.

Research Methodology

The market study of the North American mobile cranes market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Mobile Cranes Market Research and Analysis by Product Type
2. North American Mobile Cranes Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North American mobile cranes market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American mobile cranes market.
• Insights about market determinants which are stimulating the North American mobile cranes market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.