Mobile crane sales peak in India
According to a market research report by Off-Highway Research, sales of mobile cranes hit an all-time high of nearly 12,000 units in 2018, with some 96 per cent of demand being for locally manufactured pick-and-carry cranes.
According to the firm?s analysis report, after falling consecutively for four years, 2016-18 proved to be a strong recovery period for mobile cranes in the market. Growth is expected to resume in 2020 and new sales records are expected to be set in subsequent years for mobile cranes.
Mobile cranes are the third largest selling equipment type in India after backhoe loaders and hydraulic excavators, according to the report.
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