According to Technavio, the Carry Deck Cranes Market is forecasted to grow by USD 119.2 million, with a CAGR of 4.29% between 2024 and 2028. The increasing demand from the construction and infrastructure industries, due to rising urbanization, is a key driver of this growth. The use of telematics to improve crane performance is another growth catalyst. Nonetheless, challenges such as volatile raw material prices and stringent safety and environmental regulations complicate the market. These regulations are encouraging manufacturers to develop eco-friendly and safer cranes, which create new opportunities but also pose challenges.

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