Truck-mounted Mechanical Arm Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global market for truck-mounted mechanical arms is poised to continue growing from 2023 to 2033, driven by an increase in demand across various sectors. Technological advancements, such as automated control systems and enhanced hydraulic capabilities, are likely to increase the functionality and efficiency of these machines. Additionally, the need for more advanced and specialized lifting capabilities in construction projects and logistics is expected to boost market demand. From a regional perspective, North America and Europe are forecasted to maintain their dominant positions, supported by their highly developed infrastructure and industries relying on heavy lifting solutions. Meanwhile, Asia-Pacific is expected to experience rapid market growth, fueled by ongoing industrialization, urbanization, and the construction boom in countries like China and India.
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The Truck-mounted Mechanical Arm Market has been on a steady growth trajectory from 2018 to 2022. The demand for these versatile, hydraulic-powered arms has increased across industries such as construction, agriculture, and waste management, due to their efficiency in lifting, carrying, and handling heavy loads in areas where traditional cranes or forklifts may struggle. The market saw substantial investments from leading companies looking to capitalize on the rising need for such machinery in urban development projects and infrastructure growth. Key players in the market, including manufacturers of heavy-duty trucks and mechanical arms, made significant technological advancements, offering more durable and efficient solutions that could handle complex lifting tasks. The period between 2018 and 2022 saw a marked rise in the adoption of these devices due to their superior performance, ease of use, and cost-effectiveness, which made them a preferred choice over traditional lifting equipment.
Sany Heavy Industry
Liebherr Group
Tadano
Furukawa Unic Corporation
Terex Corporation
The Manitowoc Company
Altec
Kato Works
Elliott Equipment Company
Xuzhou Construction Machinery Group
Bocker Maschinenwerke GmbH
Hidrokon
Sims Crane & Equipment
Iowa Mold Tooling (IMP)
Liaoning Fuwa Heavy Industry Machinery
Liugong Machinery
Manitex International
Hydrauliska Industri AB
Kawasaki Heavy Industries
Palfinger
TIL Limited
Action Construction Equipment
KOBELCO Construction Machinery
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Truck-mounted Mechanical Arm Market
Construction Industry
Road Work
Others
Based on Types the Market is categorized into Below types that held the largest Truck-mounted Mechanical Arm market share In 2023.
Articulated
Hydraulic
Retractable
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Truck-mounted Mechanical Arm Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Truck-mounted Mechanical Arm Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Truck-mounted Mechanical Arm Market, By Type
6. Global Truck-mounted Mechanical Arm Market, By Application
7. Global Truck-mounted Mechanical Arm Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Truck-mounted Mechanical Arm Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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