Mobile Cranes

Global Mobile Cranes Market to Reach US$13.2 Billion by 2030

The global market for Mobile Cranes estimated at US$10.4 Billion in the year 2024, is expected to reach US$13.2 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2024-2030. Truck Mounted Cranes, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$7.5 Billion by the end of the analysis period. Growth in the Trailer Mounted Cranes segment is estimated at 5.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.8 Billion While China is Forecast to Grow at 7.3% CAGR

The Mobile Cranes market in the U.S. is estimated at US$2.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Global Mobile Cranes Market - Key Trends & Drivers Summarized

Why Are Mobile Cranes Central to Modern Infrastructure and Industrial Projects?
Mobile cranes have emerged as indispensable assets in construction, energy, logistics, and heavy industries due to their ability to offer flexible lifting capabilities with minimal setup time. Unlike fixed cranes, mobile cranes can travel independently to job sites, extend their reach via telescoping booms, and operate across diverse terrain types without requiring permanent foundations. These features make them ideally suited for fast-paced infrastructure projects, industrial shutdowns, and emergency lifting applications.

Mobile cranes are extensively used in applications ranging from high-rise building construction and bridge assembly to wind turbine installation, petrochemical plant maintenance, and port handling. Their growing utility across both greenfield and brownfield projects is reshaping deployment patterns, especially in regions prioritizing urban expansion, energy transition, and logistics infrastructure. With global construction activity rebounding and megaprojects gaining momentum, mobile cranes are becoming foundational assets across the project lifecycle.

What Technological Innovations Are Shaping Crane Efficiency and Safety?
The global mobile cranes industry is experiencing a technological overhaul, with OEMs integrating digital control systems, telematics, hybrid powertrains, and advanced safety mechanisms into their product lines. Load moment indicators (LMIs), real-time stability control, and intelligent anti-sway systems are now standard on most high-capacity cranes, allowing precise operation even in congested or unstable work environments. Remote diagnostics, GPS-based fleet tracking, and operator assist systems further enhance fleet utilization and safety compliance.

Electric and hybrid mobile cranes are gaining traction, especially in urban projects where emissions regulations and noise restrictions are strict. These cranes combine battery packs with regenerative braking and electric hoisting systems to reduce environmental impact while maintaining lifting power. Telescopic boom cranes now offer variable-section booms and ultra-high-strength steel construction, enabling higher reach with lower structural weight. All-terrain cranes with self-leveling systems are also enabling deployment in rough or steep terrains, expanding their use in infrastructure corridors, mining zones, and hilly regions.

Digital twin simulations, augmented reality (AR)-assisted maintenance protocols, and operator training simulators are further redefining crane operation and lifecycle management. Integration with Building Information Modeling (BIM) platforms allows crane lifts to be pre-planned and optimized for collision-free execution. These advances are making mobile cranes safer, more energy-efficient, and increasingly indispensable for complex lifting tasks.

Which End-Use Sectors and Geographies Are Driving Market Demand?
The construction sector-especially in emerging markets across Asia-Pacific, Africa, and the Middle East-is the largest consumer of mobile cranes, driven by rapid urbanization, transportation infrastructure projects, and commercial building expansions. India and China, for instance, have seen exponential growth in demand for rough terrain and truck-mounted cranes due to metro rail, highway, and smart city projects. The Belt and Road Initiative (BRI) has further spurred crane deployment across Central Asia, Africa, and Southeast Asia.

In developed economies such as the United States, Germany, and the UK, mobile cranes are crucial to bridge rehabilitation, wind energy deployment, and power grid modernization projects. The energy sector-especially oil & gas, offshore wind, and hydropower-represents another robust demand vertical. These sectors require high-capacity all-terrain and crawler cranes capable of lifting heavy modules in challenging weather and site conditions. Ports and shipping terminals are also investing in mobile harbor cranes to support container handling and bulk material logistics.

Rental companies form a significant share of the mobile crane user base. With capital-intensive projects often having fluctuating lifting needs, many contractors prefer leasing high-specification cranes rather than purchasing them outright. This has led to the rise of global crane rental networks, particularly in Europe and North America, where fleet diversity and availability are major procurement criteria.

What Is Fueling Growth in the Global Mobile Cranes Market?
The growth in the global mobile cranes market is driven by several factors, including sustained infrastructure investments, the rise of utility-scale renewable energy projects, and growing demand for flexible, high-performance lifting solutions. Governments across regions are accelerating transport and logistics modernization programs, prompting higher deployment of mobile cranes for rail, road, airport, and maritime projects. Simultaneously, private sector investments in warehousing, data centers, and commercial towers are driving urban crane demand.

Technological advancements have lowered operating costs and improved safety margins, prompting wider adoption across mid-tier and specialized contractors. The crane rental model is also facilitating market access in price-sensitive regions while providing OEMs with opportunities for service-based revenue streams. Furthermore, growing environmental scrutiny is pushing the market toward electrification and hybridization, opening new avenues for eco-efficient crane technologies.

Regulatory frameworks promoting occupational safety, emissions compliance, and smart city integration are supporting the transition to next-gen mobile crane fleets. As infrastructure spending remains a strategic lever for post-pandemic economic recovery and decarbonization goals, mobile cranes will continue to play a central role in shaping global industrial and infrastructure landscapes.

SCOPE OF STUDY:

The report analyzes the Mobile Cranes market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Truck Mounted Cranes, Trailer Mounted Cranes, Crawler Cranes); Capacity (Below 10 Tons Capacity, 11 - 50 Tons Capacity, Above 50 Tons Capacity); Propulsion (Internal Combustion Engine Cranes, Electric Cranes); End-Use (Construction & Mining End-Use, Industrial Ports & Shipping End-Use, Utilities End-Use, Oil & Gas End-Use, Transport & Logistics End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• Altec Inc
• Böcker Maschinenwerke GmbH
• China National Heavy Duty Truck Group
• Fassi Gru S.p.A
• Grove (a Manitowoc brand)
• Hitachi Construction Machinery Co.
• Kato Works Co., Ltd.
• Kobelco Construction Machinery Co.
• Liebherr Group
• Link-Belt Cranes
• LiuGong Machinery Co., Ltd.
• Manitex International, Inc.
• Palfinger AG
• SANY Group
• Shandong Qiyun Group Co., Ltd.
• Tadano Ltd.
• Terex Corporation
• TIL Limited
• XCMG Group (Xuzhou Construction)
• Zoomlion Heavy Industry Science

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