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(Transportation-News.com, April 03, 2019 ) In order to dissert the market scenario prevailing across the truck cranes market sector, FactMR has evenly presented a new examination titled “Truck Cranes Market Portrays High-End Demand across Major Geographies during 2018-2028 | Key Players are Liebherr Group, Kato Works Co. Ltd., Sany Heavy Industry Co. Ltd., Tadano Ltd., etc.”, to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the truck cranes market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
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Sales through dealership network continue to dominate the truck cranes market revenues. In a bid to expand the market presence, strengthening of dealership network remains the prominent strategy of heavy-duty equipment manufacturers. As road regulations across regions vary, OEMs are also incorporating region-specific developments in the equipment design of truck cranes in addition to expanding the dealership networksNotable developments in the truck crane market are,
Manitex International, Inc., a leading player in the truck cranes market announced the expansion of articulating truck crane distribution network through ALT Sales LLC. Post this deal, ALT is expected to begin the retail distribution of Manitex cranes.
Manitowoc Company, another leading provider of truck cranes, in August 2018, announced expansion of it Grove cranes coverage through Hayden-Murphy Equipment Company’s dealership in North Dakota.
Altec, Inc. another leading provider of equipment has partnered with ALT Sales in May 2018 to distribute Altec cranes in the United States.
Emission Limits Push Manufacturers to Focus on Fuel-Efficiency and Enhanced Productivity in Truck Cranes
Compliance with Tier IV Final emission standards in the US has become a prominent milestone for manufacturers in the truck cranes market. Along with introducing low-emission diesel engines, manufacturers are also implementing advanced technologies to achieve fuel efficiency and enhanced productivity. In addition, truck cranes are utilized for goods delivery around the city where diesel emissions are strictly controlled. Manufacturers in the truck cranes market have introduced low-emission engines. For instance, Lawson, a prominent truck cranes provider has introduced a CNG-powered engine and a new ePTO- electric power take-off system in truck cranes. Another example of the implementation of low-emission engines in truck engines is a partnership of Scania and Kobelco wherein Scania will provide the low-emission engine for Kobelco cranes.
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In a bid to accommodate increasing demand for compact-sized yet efficient construction equipment in infrastructure projects,manufacturers are integratingmultiple operations in equipment to deliver higher productivity. Development of a purpose-built chassis is another prominent trend wherein feasible integration of standard components, ranging from tires to engine reduces maintenance costs. To deliver a cost-efficient and easily maneuverable equipment, manufacturers in the truck cranes market are combining better lifting capacities with easier transport.
Competitive Landscape
The competitive landscape section of the truck cranes market report provides a dashboard view of all the key players operating in the global landscape of the truck cranes market. Few of the profiled players in the truck cranes market are Liebherr Group, Kato Works Co. Ltd., Sany Heavy Industry Co., Ltd., Tadano Ltd., The Manitowoc Company, Inc., XCMG Construction Machinery Co., Ltd., Elliott Equipment Company (U.S.), Böcker Maschinenwerke GmbH (Germany), Terex Corporation (U.S.) and Manitex International Inc. (U.S.)
Manufacturers in the truck cranes market are leveraging product introduction and strengthening of dealership network in a bid to maintain the market presence. For instance, Liebherr Group’s new mobile cranes were added in the truck cranes fleet of rental service providers including Albert Regel GmbH in April 2018 and Gruas Aguilar in October 2018.
Tadano Ltd. has introduced a new right-hand drive truck cranes models the GT-750ER, GT-600ER and GT-300ER in April 2018 to strengthen market position in Southeast Asia, Africa and other left-hand traffic regions. Manitowoc Company, Inc. launched its new Grove TMS500-2 truck crane with quick set up and versatile taxi capabilities at Crane Days 2018 in June 2018.
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