Specialist market intelligence and forecasting company Off-Highway Research has produced a video discussing the key findings of one of its latest reports, The Global Mobile Crane Industry. This provides a high-level view of some of the drivers which have affected the industry over the last five years, and also presents its global forecast to 2020.
Although the North American market is expected to stay in a trough in 2017, growth elsewhere in the world should see global sales rise by 5%. Continued improvement in market conditions should see demand rise above 20,000 units by 2020.
The forecast for a recovery between 2017 and 2020 is underpinned by a range of factors including; relatively stable demand in Europe, a recovery in the Chinese market – which is dominated by truck cranes – growth from 2018 onwards in North America and general improvement in rest-of-the-world markets.