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Global Truck Mounted Crane Market Is Expected to Reach $19.40 Billion by 2030: Says AMR

Added 10-25-21 09:04:02am EST - “Easy accessibility and mobility offered by truck mounted cranes and increasing focus toward public-private partnerships (PPPs) for infrastructure development drive the growth of the global truck mounted crane market. By product type,…” - Finance.yahoo.com

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Posted By TheNewsCommenter: From Finance.yahoo.com: “Global Truck Mounted Crane Market Is Expected to Reach $19.40 Billion by 2030: Says AMR”. Below is an excerpt from the article.

Easy accessibility and mobility offered by truck mounted cranes and increasing focus toward public-private partnerships (PPPs) for infrastructure development drive the growth of the global truck mounted crane market. By product type, the knuckle boom segment held the highest market share in 2020. By region, on the other hand, the market across Asia-Pacific would remain lucrative by 2030.

Portland, OR, Oct. 25, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global truck mounted crane market was estimated at $10.81 billion in 2020 and is expected to hit $19.40 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Easy accessibility and mobility offered by truck mounted cranes and increasing focus toward public-private partnerships (PPPs) for infrastructure development drive the growth of the global truck mounted crane market. On the other hand, certain weight limitations restrain the growth to some extent. However, automation in truck mounted cranes is expected to create lucrative opportunities in the industry.

Download Sample PDF (298 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/3299 COVID-19 scenario-

The lockdown measures across the world led to delay in manufacturing and production of truck mounted cranes that are utilized in the construction of commercial and residential buildings, thereby impacting the market negatively.

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