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Rising to New Heights: The Dynamic Evolution of the Mobile Crane Market

Global Mobile Crane Market size was valued at USD 9.56 billion in 2021 and is poised to grow from USD 10.12 billion in 2022 to USD 15.02 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

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Rising to New Heights: The Dynamic Evolution of the Mobile Crane Market

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  1. Rising to New Heights: The Dynamic Evolution of the Mobile Crane Market Global Mobile Crane Market size was valued at USD 9.56 billion in 2021 and is poised to grow from USD 10.12 billion in 2022 to USD 15.02 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030). The increase in infrastructure investments and revenue growth in the mining sector globally is expected to drive demand for mobile cranes during the forecast period. Furthermore, the increased preference of construction and heavy equipment companies for rental or lease services, as well as a preference for used equipment for their operations, is bound to stymie new equipment-producing OEMs. Due to increased urbanization and export/import facilities, this market is seeing increased investment in the construction, power utilities, and shipbuilding sectors. Moreover, the introduction of industrial IoT, SCADA, AI, and machine learning technologies is increasing market opportunities for key players. These emerging technologies provide simple to use services with appropriate navigation and decision-making abilities. Read more - https://www.skyquestt.com/report/mobile-crane-market

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