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Truck-Mounted Crane Manufacturing in the US - Industry Market Research Report

Truck-Mounted Crane Manufacturing in the US - Industry Market Research Report

  • January 2019
  • 35 pages
  • ID: 5103496
  • Format: PDF
  • By Ibisworld

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Lifting up: Industry demand will improve as construction activity is revived

Abstract

Truck-Mounted Crane Manufacturing
Due to the nature of industry products, growth in the Truck-Mounted Crane Manufacturing industry is strongly influenced by the health of the construction sector. Over the five years to 2018, the growth of the construction sector has provided a boost to industry revenue and driven growth in both enterprises and employment. However, this has been offset by inconsistent demand from oil and energy markets, due to the sharp decrease in the world price of crude oil. Volatility in steel prices has also prevented operators from optimally planning their pricing structures. As a result of these factors, industry revenue is forecast to decrease during the current period. Conversely, industry revenue is expected to increase over the five years to 2023, largely due to continued growth in the construction sector and increasing downstream demand from energy and oil companies.

This industry manufactures truck-mounted cranes and related parts. Truck-mounted cranes are designed to provide simple set-up and long-reach, high-capacity booms. These cranes can travel from site to site at highway speeds and are suitable for urban and suburban uses. The industry includes all-terrain cranes, boom trucks and rough-terrain cranes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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