Thus, such vital functions served by mobile cranes have increased their demand in the construction industry, which is driving the market growth. With the application of fundamental mechanics, cables, and hoists, these cranes can carry huge weights that are well beyond the capabilities of a human. On the ground, mobile cranes are required to transfer heavy building materials such as cement bags, bricks, and iron beams. Tower cranes make it easier to lift and move raw materials and items during the construction of medium- to high-rise buildings. Tower cranes and mobile cranes are widely employed in the building sector.
Furthermore, with the implementation of new development plans and the subsequent beginning of projects, the use of construction equipment is increasing rapidly. Rising urbanization in China, India, the US, the UK, Indonesia, and the Philippines has triggered infrastructure investments, and the demand for associated equipment and gadgets. Furthermore, the industry is experiencing steady growth in APAC and Europe due to increased spending on infrastructure developments.
According to the Texas Workforce Commission (US), the construction industry in the US is expected to grow at a CAGR of 27.8% during 2014‒2024. The construction industry is growing and becoming more complex every day. Rising Demands from Construction Industry to Boost Global Mobile Crane Market Growth:
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