Rough terrain crane comes across as a kind of hydraulic crane used to move, lift, load, and unload heavy materials all across construction
and the other industry verticals.
MEA rough terrain cranes market stands at ~US$ 302.5 Mn as of now and is expected to reach US$ 641.9 Mn by the year 2032 at a CAGR of 7.3% from 2022 to 2032.
MEA rough terrain cranes market emphasizes on 6 regions – Northern Africa,
GCC countries, Turkey, South Africa, Israel, and the rest of MEA.
Rough terrain cranes are a preferred choice as far as off-road uses are
concerned. This could be credited to their robust construction. Also,
continuous improvisation is being done, so that they turn out to be apt
for the rough terrain.
The features like easy handling, flexibility on the count of placing on hard sites, the way they could be
easily moved from a work site to the other, and ease with which they
could be stored when they are not in use compel the key market
participants to use them over lift trucks. Also, majority of rough
terrain cranes have been designed such that both – labor and time are
saved by minimization of operational costs. Emergency rescue features
are also included herein, which simplify the task of lifting people from
collapsing or dangerous work sites.
Automated technologies are being implemented with the objective of reducing human interaction in
the manufacturing facilities. This factor is expected to bolster MEA
rough terrain cranes market’s growth in the next decade. Several
industry verticals have begun with adoption of automatic cranes due to
the reason mentioned above. For example – Manitowoc, in February 2020,
put forth Grove GRT8120 rough-terrain crane.
Plus, the transportation and construction verticals are growing at a rapid pace.
One of the trends is also that of an ever-increasing demand for rental
rough terrain cranes. Adoption on their part has actually taken over the
new units. This could be reasoned with higher cost of the rough terrain
cranes.
Telematics is also in its advanced stage. This is another factor expected to provide business opportunities. The end-consumers
are asking for advanced rough train cranes with automation and diagnosis
at advanced levels.
Initially, rough terrain cranes used to comprise 2 exclusive engines to transmit power for transportation and
cranes’ operations. That used to be actually proportional to requirement
of load. However, now the manufacturers prefer usage of a powerful
engine that could efficiently perform both the functions. Along these
lines, TADANO has come up with new-fangled models of cranes that enclose
an eco-made system and a fuel-monitoring system that lessens fuel
consumption and provides a much better control over the engine when it’s
idle.
At the same time, the fact that higher capital investment could hamper MEA rough terrain cranes market can’t be ignored. Also, the
market is facing dearth of skilled professionals over here.
Key Takeaways from the MEA Rough Terrain Cranes Market
- 1 – 75 tons rough terrain cranes are holding the largest market share.
They account for more than 30% of the overall market revenue. This could
be attributed to growing demand for lifting operations along with the
versatility with respect to performing off-road and on-road construction
projects. - GCC countries account for close to 60% of the overall market share. Turkey and South Africa follow suit.
“With urbanization increasing at an alarming rate, the demand for rough
terrain cranes is bound to substantiate in the forecast period”, says an
analyst from Future Market Insights.
Competitive Arena
- The Manitowoc Company, Inc., in February 2020, came up with Grove GRT8120 rough terrain crane.
- TADANO, in February 2019, completed acquisition of Demag mobile crane business from Terex Corporation for close to US$ 215 Mn.
- Liebherr, in February 2019, signed a contract with AI Faris Equipment Rentals. It
implied delivering 12 cranes from novel LRT rough terrain cranes series
worth close to US$ 25.8 Mn. - XCMG, in July 2020, did launch 750 tons XCA750 eight axle all-terrain crane, which has a 7-section,
92-meter main boom, topped by heavy-duty hydraulically erected wind
turbine extension. Its purpose is to undertake maintenance and repairs
of wind turbine. - Johnson Arabia, in May 2020, inducted 10 novel Grove rough terrain cranes into the fleet for targeting lifting projects
in oil & gas sector. - Thunder Cranes, in September 2022, announced reopening the operations in Middle East with new-fangled base in the UAE.
- Dubai Cranes & Technical Services LLC, in December 2020, tabled 8 novel
models of the wire rope hoists that range from 3.2 to 40 tons. - Liebherr, in July 2022, announced launching H2 direct injection for the
heavy-duty combustion engines as it’s conducive to heavy applications. - Terex Corporation has inked an agreement with Galadari Heavy Equipment
Division to distribute rough terrain cranes all over the Middle East.
Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/mea-rough-terrain-cranes-market
Key Segments Covered in MEA Rough Terrain Cranes Market Analysis
By Lifting Capacity:
- Upto 25 Tons
- 25.1 to 50 Tons
- 50.1-75 Tons
- 75.1-100 Tons
- More than 100 Tons
By Boom Length:
- Upto 25 Meters
- 25.1-35 Meters
- 35.1-50 Meters
- More than 50 Meters
By Sales Channel:
- New Sales
- Equipment Rental
By Country:
- GCC Countries
- Israel
- Turkey
- South Africa
- Northern Africa
- Rest of the Middle East and Africa
What does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time
insights on the dermatology devices market in its latest study,
presenting historical demand assessment of 2016 – 2021 and projections
for 2022 – 2032. - The research study is based on lifting capacity (up to 25 tons, 25.1 to 50 tons, 50.1 to 75 tons, 75.1 to 100 tons, and
more than 100 tons), by boom length (upto 25 meters, 25.1 to 35 meters,
35.1 to 50 meters, and more than 50 meters), and by sales channel (new
sales and equipment rental).
