End User Industry (Rental, Construction, Mining, Oil & Gas, Energy, Forestry, Logistics)
The construction segment is poised to hold 21% share of the global truck loader crane market by the end of 2037. Increased construction activity, in view of the increased demand for housing, constitutes a factor that is likely to underpin this segment's growth. Nearly 2 billion new housing units have been built in the US since June 2022. This increased by 0.4% compared to the same period last year.
Product Type (Small Duty, Medium Duty, Big Duty, Heavy Duty)
Truck loader crane market from the big duty segment is expected to garner a significant share of about 45% in the year 2037. Growth in the segments, for example, is an important factor that contributes significantly to a wide range of benefits achieved at effective costs. Thanks to the excellent quality of a large wheel loader crane, it is more economical than heavy-duty cranes with better maneuverability. They have a way of adapting and are quite adaptable. The center of it has a huge truck unloading crane that is being supported by an automobile.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Richa Gupta
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