Mobile and Tower Cranes Industry analysis: Potential Growth, Attractive Valuation Make It Is A Long-Term Investment 2017 - 2025
Competition witnessed in the global mobile and tower cranes market is forecast to intensify further in the coming years. The rising focus of manufacturers to expand their footprint on the back of technological advancements and the increasing demand for eco-friendly tower cranes will enable the market gain momentum, finds Transparency Market Research (TMR) in a new study. “Tower cranes usually come with a high price tag, which could have adverse impact on a company’s growth targets. Several market players therefore offer rental services to customers who are not willing to spend on expensive tower cranes,” said a lead TMR analyst. “As companies offer lucrative lease offers to gain traction, competition prevailing in the global mobile and tower cranes market is expected to get fiercer in the coming years,” he added. Amidst the prevailing competitive trends, companies such as FAVELLE, ELMAK, Kobelco Cranes Global Ltd, Hyva Cranes, Sany Heavy Industry Co., Ltd, and YONGMAO...