Orion Market Research
Asia-Pacific Mobile Cranes Market, Size, Share, Analysis
Report & Forecast to 2026
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404
Asia-Pacific mobile cranes market is estimated to grow at a CAGR of 6.7% during the forecast period.
Rising smart city initiatives are expected to offer an opportunity for market growth. As per the German
Asia-Pacific Business Association, nearly 500 smart city pilot projects have already been running in
China. Smart city initiatives are also growing in Japan, as the country’s government has upheld Society
5.0 which aims to promote the development of social values through digital implementations. Further, as
per the Ministry of Housing and Urban Affairs, Government of India (Smart Cities Mission), in India, the
total investment in the Smart Cities Mission is expected to be over $27 billion through 5,151 projects.
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This leads to increasing demand for tower cranes that are regarded as a new kind of balance crane. While
fixed to the ground, this kind of crane will normally provide the best lifting and height capabilities. These
cranes are also used while constructing tall buildings. These cranes require little setup and can deal with
a range of terrain and particular site concerns as well as they are easy to get to the job site.
Scope of the Asia-Pacific Mobile Cranes Market
• Market number available for 2019-2026
• Base year- 2019