Global Offshore Crane Market Size Study & Forecast, by Type (Knuckle Boom, Telescopic, Lattice, Others), by Lifting Capacity (Up to 500 mt, 500–3000 mt, Above 3000 mt), by Duty Cycle (Production Duty, Intermediate Duty, Drilling Duty), by Type (Mobile Cra

The Global Offshore Crane Market is valued at approximately USD 18.79 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.44% during the forecast period from 2025 to 2035. With offshore operations becoming more expansive and technically complex, offshore cranes are assuming a critical role in enabling heavy-lift and logistics tasks under extreme marine conditions. These cranes are specifically engineered for operations on offshore platforms, floating vessels, and rigs—making them indispensable in oil & gas exploration, subsea construction, and port infrastructure. Technological advancements in crane control systems, payload capacity, dynamic positioning, and corrosion-resistant materials are further elevating their operational versatility and safety. The need for safe, precise, and efficient handling of equipment and materials at sea has propelled their demand across various offshore sectors.

A compelling rise in offshore exploration activities, particularly in deepwater and ultra-deepwater fields, has fueled demand for high-capacity cranes. This is especially evident in oil & gas regions such as the North Sea, Gulf of Mexico, and West Africa. Additionally, the global surge in offshore wind energy projects has emerged as a new growth frontier for the offshore crane market. The installation of large wind turbines and maintenance operations demand advanced cranes capable of working in fluctuating marine environments. Companies are increasingly deploying knuckle boom and telescopic cranes owing to their flexibility, load precision, and compact operational footprint. Simultaneously, mobile and marine cranes are being favored for their maneuverability across dynamic project locations.

Regionally, North America holds a prominent position in the offshore crane market, buoyed by its well-developed oil & gas infrastructure, increasing shale exploration, and investments in offshore energy. The United States, in particular, continues to lead in offshore rig count and deepwater operations. Meanwhile, Europe is evolving into a hotbed for offshore wind development, especially in the UK, Germany, and Denmark, where next-generation cranes are being utilized for turbine assembly and maintenance. Asia Pacific is set to register the fastest growth rate over the coming decade. Countries like China and India are not only expanding their oil & gas exploration frontiers but are also ramping up investments in coastal port modernization and offshore renewable projects. Middle Eastern nations such as Saudi Arabia and the UAE, with ongoing maritime and energy megaprojects, further underscore the region's market potential.

Major market player included in this report are:
• Liebherr Group
• NOV Inc.
• KenzFigee Group
• Heila Cranes S.p.A.
• Huisman Equipment B.V.
• Palfinger AG
• MacGregor (Cargotec Corporation)
• Seatrax, Inc.
• TTS Group ASA
• Manitowoc Company, Inc.
• Konecranes Plc
• Effer S.p.A.
• J.D. Neuhaus Group
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• SANY Group

Global Offshore Crane Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Type:
• Knuckle Boom
• Telescopic
• Lattice
• Others

By Lifting Capacity:
• Up to 500 mt
• 500–3000 mt
• Above 3000 mt

By Duty Cycle:
• Production Duty
• Intermediate Duty
• Drilling Duty

By Type:
• Mobile Crane
• Fixed Crane
• Marine & Port Crane

By End-use Industry:
• Oil & Gas
• Mining
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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