The Mobile Cranes Market in the US has seen significant fluctuations between 2012 and 2022. Starting at $3.8431 billion in 2012, the market experienced a peak of $4.5992 billion in 2014, followed by a declining trend, hitting a low of $3.0988 billion in 2020. Minor recoveries were observed in 2021 and 2022, yet the market value remained under the 2012 level at $3.1468 billion in 2022. Year-on-year variations reflect this instability with significant drops, particularly notable from 2015 to 2017. The compound annual growth rate (CAGR) over the last 5 years stands at -1.08%, indicating a general downturn in the market.
Future trends to watch for include the potential impact of infrastructure investments, technological advancements in mobile cranes, and economic recovery post-2020 downturns. Increased demand from construction and renewable energy sectors may drive market growth, while supply chain disruptions and price volatility could pose risks.