The
truck mounted crane market is
expected to grow by USD 317.11 million during 2020-2024, according to
Technavio. The report offers a detailed analysis of the impact of the COVID-19
pandemic on the truck mounted crane market in optimistic, probable, and
pessimistic forecast scenarios.
The truck mounted crane market will witness Neutral and Inferior impact
during the forecast period owing to the widespread growth of the COVID-19
pandemic. As per Technavio’s pandemic-focused market research, market growth is
likely to Decrease as compared to 2019.
Enterprises will go through Respond, Recover and Renew phases. Download free report sample
As the COVID-19 pandemic continues to spread, organizations across the
globe are gradually flattening their recessionary curve by leveraging
technology. Many businesses will go through respond, recover and renew phases.
Building business resilience and enabling agility will aid organizations to
move forward in their journey out of the COVID-19 crisis and towards the Next
Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their
strategic planning to move ahead once business stability
kicks in.
- Build Resilience
by making
effective resource and investment choices for individual business
units, products and service lines.
- Conceptualize
scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply
chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and
pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as
post-COVID-19 market estimates
- Quarterly impact analysis
and updates on market estimates
Major Three Truck Mounted Crane Market Participants:
Sumitomo Heavy Industries Ltd.
Sumitomo Heavy Industries Ltd. operates its business under various
segments such as construction machinery, precision machinery, machinery
components, environmental facilities & plants, ships, and industrial
machinery. The company offers truck mounted crane rentals such as Grove GMK5240
and others.
Tadano Ltd.
Tadano Ltd. operates its business under four segments, which include
mobile cranes, truck loader cranes, aerial work platforms, and others. The
company offers GT series of truck cranes manufactured in Japan. These include
GT-750, GT-600, GT-300, GT-350, and GT 550 models.
Terex Corp.
Terex Corp. has business operations under aerial work platforms and
materials processing segments. The company offers truck mounted cranes such as
TC 2800-1 that couples a 600t lattice crane with truck-mounted chassis for
applications, which require a long reach in confined spaces.
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