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The global Mobile Cranes Market was valued at USD 19.15 billion in 2023 and is anticipated to grow from USD 20.28 billion in 2024 to USD 31.69 billion by 2031. This growth represents a compound annual growth rate (CAGR) of 6.59% during the forecast period. The increasing demand for mobile cranes in construction, energy, and transportation sectors is driving this upward trend in market valuation and expansion.

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The global mobile cranes market is on a trajectory of significant growth, driven by the increasing demand across key industries such as construction, energy, and transportation. According to King's Research, the market, which has been growing steadily in recent years, is expected to experience further acceleration in the coming decade. The growing reliance on mobile cranes for large-scale infrastructure projects, coupled with technological advancements in crane design and operation, are the primary factors fueling this growth.