Sales of Rough Terrain Cranes Market is set to increase at over 5.9% CAGR During 2016-2026

Rough Terrain Cranes Market
December 2016
Report Id :REP-MA-2571
Status : Published
Category : Automotive &
Transportation
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Rough Terrain Cranes Market Analysis
Sales of Rough Terrain Cranes Market is set to increase at over 5.9% CAGR
During 2016-2026
The latest market outlook titled “Rough Terrain Cranes Market: Middle East and Africa
Industry Analysis and Opportunity Assessment, 2016–2026” by Future Market
Insights offers imperative insights into the Middle East and Africa rough terrain
cranes market for the forecast period 2016-2026.
The overall long-term outlook on the growth of MEA market for rough terrain cranes
remains optimistic, with the market projected to grow at a promising CAGR of 5.6%
through 2026. Over the assessment period, MEA market for rough terrain cranes will
gain nearly 100 BPS, reaching a market size of over US$ 231 Mn by 2026 end. GCC
countries currently account for a significant share of the MEA market – this will
remain the trend throughout the forecast period. The next largest markets include
South Africa, Israel, and Turkey, which is anticipated to be closely followed by the
rest of MEA.
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ASEAN Automotive Aftermarket Analysis
50-75T capacity segment will continue to dominate the market throughout the
forecast period.
75-100T capacity segment will possibly exceed revenues of US$ 68 Mn in 2026,
accounting for more than 27% share of the entire market revenues at the end of
forecast period.
By boom length, 25-35 metre segment is projected to remain dominant with a major
revenue share contribution of over 43% in 2026. Despite a relatively lower CAGR over
2016-2026, this segment will be evaluated at around US$ 107 Mn in 2026.
35-50 metre segment will retain the second largest segment position with estimated
revenue sales worth US$ 80 Mn in 2026, capturing over 31% share of the market
value. This segment is expected to demonstrate the fastest growth at a CAGR of
5.6%.
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ASEAN Automotive Aftermarket Analysis
Based on country, GCC will continue its monopoly with over 60% value share by the end of
forecast period, eventually approaching US$ 150 Mn by 2026 end.
South Africa and Israel will be the next largest markets, whereas the rest of MEA and Turkey
will witness higher growth rates of over 7%.
MEA Rough Terrain Cranes Market – New Sales
This market, according to Future Market Insights, will account for the revenues of nearly US$
142 Mn by 2026-end.
By lifting capacity, 50-75T capacity segment is projected to attract the maximum revenues.
75-100T capacity segment is likely to account for over 28% market value share in 2026.
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ASEAN Automotive Aftermarket Analysis
> 100T capacity segment is predicted to witness the highest CAGR resulting in
almost exponential growth in sales revenues over 2016-2026.
In terms of boom length, 25-35 metre segment will continue to dominate through
2026, accounting for more than 43% value share.
> 50 metre segment will be the fastest growing segment, exhibiting an impressive
CAGR of 6.7%, resulting into twofold growth of the market over 2016-2026.
Country-wise, GCC will retain dominance, followed by South Africa. While the former
is foreseen to attract over US$ 81 Mn in terms of 2026 revenues, the latter will reach
over US$ 20 Mn in 2026.
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ASEAN Automotive Aftermarket Analysis
GCC reaffirms the leading position with around 58% value share in 2026, whereas
the rest of MEA, North Africa, and Turkey are expected to witness higher CAGRs over
the assessment period.
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arket/toc
Among the leading players in the MEA rough terrain cranes market, Terex
Corporation is identified to hold the most prominent share of over 21% in terms of
new sales. Other leading companies include The Manitowoc Company, Inc., Tadano
Ltd., Zoomlion Heavy Industry Science And Technology Co., Ltd., Liebherr Group,
Xuzhou Construction Machinery Group Co., Ltd., Sany Heavy Industry Co., Ltd., and
KATO WORKS CO., LTD.
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