Autonomous Crane Industry Poised for Significant Expansion with a 9.8% CAGR, Projected at USD 8.7 Billion by 2035 | Future Market Insights, Inc. [Yahoo! Finance]
Terex Corporation (TEX)
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Source: Yahoo! Finance
Future Market Insights, Inc. Thu, February 6, 2025 at 3:15 PM GMT+1 10 min read The autonomous crane industry is experiencing significant growth driven by advancements in automation, AI, and IoT technologies. These cranes are revolutionizing construction, logistics, ports, and warehousing by enhancing operational efficiency, reducing labor costs, and improving safety. Key market trends include the integration of machine learning, 5G connectivity, and electric-powered models for sustainability. However, challenges such as high initial costs, integration with existing infrastructure, and cybersecurity risks remain. Regionally, Asia-Pacific is leading growth due to industrialization, while North America and Europe focus on technological advancements and regulatory support. The market is poised for further expansion with innovations in predictive maintenance and collaborative fleet management. NEWARK, DE / ACCESS Newswire / February 6, 2025 / The Autonomous Crane Industry is set
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