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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Rough terrain crane is a type of hydraulic crane used for moving, lifting, loading, and unloading heavy materials across industrial, construction, and other application areas. Rough terrain cranes are typically designed to work on rough and off-road applications and surfaces. Rough terrain cranes are categorized on the basis of capacity and boom length. These cranes are available in different capacities including 25-50 tons, 50-75 tons, and 100 tons+. MEA rough terrain cranes market focuses on six regions namely GCC countries, Northern Africa, South Africa, Turkey, Israel, and Rest of the Middle East & Africa.

The MEA rough terrain cranes market is estimated to be valued at US$ 119.7 million in 2021 and is expected to exhibit a CAGR of 6.7% over the forecast period (2021-2028).

Recent Developments:

In February 2019, Liebherr, a German-based manufacturing company has received major order from Dubai-based Al Faris Equipment Rentals. The order worth around US$ 25.8 million which includes twelve cranes from the new LRT rough terrain cranes series, and more.

In July 2020, XCMG launched 750 tonnes XCA750 eight axle all-terrain crane. This crane comes with a seven section 92 meter main boom, topped by a heavy-duty hydraulically erected wind turbine extension, which is specifically designed for wind turbine repair and maintenance work.

In May 2020, Johnson Arabia, a Mobile Crane Rental and Aerial Work Platforms (AWP) hire company has inducted ten new Grove rough terrain cranes into its fleet to target lifting projects in the oil & gas and other sectors.

Figure 1. MEA rough terrain cranes Market Value (US$ Mn), by Country, 2020

MEA Rough Terrain Cranes  | Coherent Market Insights

GCC Countries held dominant position in the MEA rough terrain cranes Market in 2020, accounting for 59.17% share in terms of Value, followed by Turley, South Africa and Other countries, respectively.

MEA rough terrain cranes Market- Drivers

Increasing demand from emerging infrastructure and energy sectors is expected to drive growth of the MEA rough terrain cranes market during the forecast period. Rough terrain cranes are typically used on rough terrains and off-road activities. Since at an actual construction site, there are no roads and transportation routes, these cranes prove to be extremely useful in picking and carrying operations. Furthermore, the use of these rough terrain cranes is very beneficial and economical in such operational conditions. The construction industry and the oil & gas sector is in great demand in the MEA region. The growth of the construction, mining, and oil & gas industry will lead to increased demand for rough terrain cranes that are needed to pick and drop huge and heavy objects.

Growing demand for rental rough terrain crane is expected to propel the MEA rough terrain cranes market growth over the forecast period. The adoption of rental equipment has increased as compared to new units, owing to a relatively high cost of rough terrain cranes. Moreover, the demand for rental equipment is expected to increase in several countries with significant investment in expanding and establishing transport, electrical, and residential infrastructure. According to Coherent Market Insights’ analysis, revenue sales growth during the second half of the forecast period is expected to be significant, owing to a number of projects which are expected to commence post-2018.

Market Opportunities

Expanding urban population and growing industrialization can present lucrative growth opportunities. Rough Terrain Cranes find wide applications in the construction industry and are used to make tasks such as lifting, loading, and transportation more productive. Growing construction industry output is expected to be one of the most significant drivers for the MEA rough terrain cranes market. Rising urbanization, leading to new construction activities, is further expected to boost the demand for rough-terrain cranes in building and construction tasks. According to the United Nations DESA, as of 2014, 54% of the world population lives in urban areas. This share is projected to expand to 66% by 2050.

Incorporation of advanced telematics can provide major business opportunities. Major consumers across the market are increasingly demanding advanced rough train cranes with advanced diagnosis and automation. With research and development activities, major manufacturers are incorporating advanced telematics systems, which has improved their response time for custom requirements from clients. The introduction of new advanced components in the operator’s cabin has made the life of operators comparatively easy, allowing them to work in all kinds of adverse weather conditions.

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MEA rough terrain cranes Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 119.7 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.7% 2028 Value Projection: US$ 188 Mn
Geographies covered:
  • MEA
Segments covered:
  • By Lifting Capacity: Upto 25 Tonnes, 25 T-50 Tonnes, 50 T-75 Tonnes, 75 T-100 Tonnes, More than 100 Tonnes
  • By Boom Length: Upto 25 Tonnes, 25 T-35 Tonnes, 35 T-50 Tonnes, More than 50 Tonnes
  • By Country: GCC, Israel, Turkey, South Africa, Northern Africa, Rest of Middle East and Africa
Companies covered:

The Manitowoc Company, Inc., Terex Corporation, KATO WORKS CO., LTD., Tadano Ltd., Sany Heavy Industry Co., Ltd, Zoomlion Heavy Industry Science And Technology Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., and Liebherr Group.

Growth Drivers:
  • Increasing demand from emerging infrastructure and energy sectors
  • Growing demand for rental rough terrain crane
Restraints & Challenges:
  • Significant initial investment
  • Lack of skilled personnel to operate the equipment

Market Trends

Conventionally, there have always been rough terrain cranes that use two separate engines for power transmission needed for the transportation and operation of cranes, depending upon the maximum load requirement. The manufacturers have now come up with a new trend of using one single powerful engine which can perform both functions efficiently. That apart, this trend also optimizes space and minimizes maintenance costs.

Growing research and development being undertaken by prominent market participants in the MEA region is estimated to create several growth opportunities for the rough terrain cranes market in coming future. The introduction of new technologies is further fueling the growth of the rough terrain cranes among the consumers in the MEA region. For instance, TADANO, a significant manufacturer of rough-terrain cranes in the MEA region, has introduced new models of cranes which include a fuel monitoring system and an eco-mode system which reduces fuel consumption and provides better control of the engine when the engine is in idle condition.

Figure 2. MEA rough terrain cranes Market Share, By Lifting Capacity, 2020

MEA Rough Terrain Cranes  | Coherent Market Insights

Key Takeaways of the Graph:

  • The 50T -75 Tonnes segment held dominant position in the market and accounted for 33.8% share in the MEA rough terrain cranes Market in 2020. The segment is expected to reach US$ 64.1 million in 2028. This is owing to increased demand of lifting operations and are versatile in performing both on-road and off-road construction project.

Market Dynamics- Restraints

Significant initial investment is expected to hamper the MEA rough terrain cranes market growth over the forecast period. Major restraining factor for the market is high capital investment, which is dissuading end user to procure rough terrain cranes. Many company owners believe that if they use of equipment is not at least two-third of its average life, one should seriously consider renting the cranes as it is far more economical than purchasing it. Furthermore, the maintenance operations are required to be done on timely basis otherwise it can lead to critical failure. Thus, these factors expected to hamper the market growth in the near future.

Lack of skilled personnel to operate the equipment is expected to hinder the MEA rough train cranes market growth during the forecast period. Operating rough terrain cranes require skilled personnel with numerous years of experience. Since these devices are challenging to operate and somewhat risky and thus, adoption of these cranes has reduced.

Competitive Section

Major companies operating in the MEA rough terrain cranes market are The Manitowoc Company, Inc., Terex Corporation, KATO WORKS CO., LTD., Tadano Ltd., Sany Heavy Industry Co., Ltd, Zoomlion Heavy Industry Science And Technology Co., Ltd. Xuzhou Construction Machinery Group Co., Ltd., and Liebherr Group.

Key Developments

  1. Major companies involved in the product launch, in order to expand the product portfolio. For instance, in February 2020, The Manitowoc Company, Inc. introduced Grove GRT8120 rough terrain crane.
  2. Key players in the market are involved in mergers and acquisitions, in order to enhance the market presence. For instance, in February 2019, Tadano Ltd. acquired Demag mobile crane business from Terex Corporation for around US$ 215 million.

Rough terrain cranes are an excellent choice for all types of off-road uses. They owe this to their hardy and sturdy construction. Moreover, a number of steps are taken to ensure that they are appropriate for rough terrain. The durability of the cranes and their adaptability makes them ideal for use in a wide variety of circumstances. There are several features of rough terrain cranes that give them added advantages over other types of lift trucks. These include their easy handling, their flexibility in terms of placement on hard-working sites, and the ease with which they can be moved from one work site to another, and the ease with which they can be stored when not in use. All of these features contribute to the increased profitability of using cranes on a regular basis. Furthermore, many of them have been designed to save time and labor by minimizing operation costs. Some also feature emergency rescue features that allow them to lift people from dangerous or collapsing work sites.

Market Dynamics

Implementation of automated technologies to reduce human interaction in production facilities is expected to boost the MEA rough terrain cranes market growth over the forecast period. Many industries have started adopting automatic cranes, in order to reduce human interaction in dangerous working conditions. For instance, in February 2020, Manitowoc launched Grove GRT8120 rough-terrain crane. This, in turn, has increased the adoption of rough terrain cranes across various industries.

Furthermore, rapid growth of construction and transportation is expected to accelerate growth of the MEA rough terrain cranes market in the near future.

Key features of the study:

  • This report provides in-depth analysis of the MEA rough terrain cranes market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  country outlook, and competitive strategies adopted by key players
  • It profiles key players in the MEA rough terrain cranes market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include The Manitowoc Company, Inc., Terex Corporation, KATO WORKS CO., LTD., Tadano Ltd., Sany Heavy Industry Co., Ltd, Zoomlion Heavy Industry Science And Technology Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., and Liebherr Group.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The MEA rough terrain cranes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the MEA rough terrain cranes market

Detailed Segmentation:

  •  MEA Rough Terrain Cranes Market, By Lifting Capacity:
    • Upto 25 Tonnes
    • 25 T-50 Tonnes
    • 50 T-75 Tonnes
    • 75 T-100 Tonnes
    • More than 100 Tonnes
  • MEA Rough Terrain Cranes Market, By Boom Length:
    • Upto 25 Tonnes
    • 25 T-35 Tonnes
    • 35 T-50 Tonnes
    • More than 50 Tonnes
  • MEA Rough Terrain Cranes Market, By Country:
    • GCC
    • Israel
    • Turkey
    • South Africa
    • Northern Africa
    • Rest of Middle East and Africa
  • Company Profiles
    • The Manitowoc Company, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Terex Corporation
    • KATO WORKS CO., LTD.
    • Tadano Ltd.
    • Sany Heavy Industry Co., Ltd
    • Zoomlion Heavy Industry Science And Technology Co., Ltd.
    • Xuzhou Construction Machinery Group Co., Ltd.
    • Liebherr Group.

*Browse all the market data tables and figures on “MEA Rough Terrain Cranes Market- Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Lifting Capacity
      • Market Snippet, By Boom Length
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. MEA Rough Terrain Cranes Market, By Lifting Capacity, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Upto 25 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 25 T-50 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 50 T-75 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 75 T-100 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • More than 100 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. MEA Rough Terrain Cranes Market, By Boom Length, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Upto 25 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 25 T-35 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • 35 T-50 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • More than 50 Tonnes
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. MEA Rough Terrain Cranes Market, By Country, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Country, 2020 and 2028 (%)
    • GCC
      • Country Trends
      • Market Size and Forecast, By Lifting Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Boom Length, 2017–2028 (US$ Million)
    • Israel
      • Country Trends
      • Market Size and Forecast, By Lifting Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Boom Length, 2017–2028 (US$ Million)
    • Turkey
      • Country Trends
      • Market Size and Forecast, By Lifting Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Boom Length, 2017–2028 (US$ Million)
    • South Africa
      • Country Trends
      • Market Size and Forecast, By Lifting Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Boom Length, 2017–2028 (US$ Million)
    • Northern Africa
      • Country Trends
      • Market Size and Forecast, By Lifting Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Boom Length, 2017–2028 (US$ Million)
    • Rest of Middle East and Africa
      • Country Trends
      • Market Size and Forecast, By Lifting Capacity, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Boom Length, 2017–2028 (US$ Million)
  7. Competitive Landscape
    • Company Profiles
      • The Manitowoc Company, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Terex Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • KATO WORKS CO., LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tadano Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sany Heavy Industry Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Zoomlion Heavy Industry Science And Technology Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Xuzhou Construction Machinery Group Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Liebherr Group.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “MEA Rough Terrain Cranes Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

Major companies operating in the MEA rough terrain cranes market are The Manitowoc Company, Inc., Terex Corporation, KATO WORKS CO., LTD., Tadano Ltd., Sany Heavy Industry Co., Ltd, Zoomlion Heavy Industry Science And Technology Co., Ltd. Xuzhou Construction Machinery Group Co., Ltd., and Liebherr Group.
The market is estimated to be valued at US$ 119.7 million in 2021 and is expected to exhibit a CAGR of 6.7% over the forecast period (2021-2028).
Significant initial investment is expected to hamper the market growth over the forecast period.
Incorporation of advanced telematics can provide major business opportunities in the market.
Growing demand for rental rough terrain crane is expected to propel the market growth over the forecast period.
Advent of new features aimed at enhancing operator comfort is one of the emerging trends in the market.
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