Global Cranes Market - Forecasts from 2025 to 2030
Description
The global cranes market is estimated to attain a market size of US$ 63.709 billion by 2030, growing at a 6.10% CAGR from a valuation of US$ 47.383 billion in 2025, during the forecast period of 2025 to 2030.
The global crane market is being propelled by infrastructure development, rising demand for renewable energy, and rapid technological advancements. The demand for emerging technologies like automation and AI is further propelling the latest application of cranes in various sectors. The growing economies around the world and the emergence of e-commerce created the large-scale application of cranes in transportation & logistics. Moreover, growing international trade has created the large-scale application of cranes in the ports across the world, where companies and governments are investing heavily in profitable operations at the ports.
Market Trends:
Boom in Construction Activities: The global crane market is witnessing strong growth, driven by significant construction activity in major developing economies and large markets like the USA. U.S. construction spending rose from $2,133,750 million in February 2024 to $2,195,755 million in February 2025, reflecting increased expenditure on materials and services in the sector.
Technological Advancements in Cranes: The crane industry is transforming through the adoption of artificial intelligence, automation, and advanced materials, which are revolutionizing crane operations and enhancing efficiency.
Regional Market Dynamics: North America and Asia Pacific are expected to hold substantial market shares, propelled by the increasing use of capital-intensive techniques in industries and robust growth in key sectors like oil & gas, logistics, and construction.
Logistics and Infrastructure Growth: The expansion of logistics, development of ports, and rising investments in construction have significantly increased the demand for heavy machinery, such as cranes, in major regional economies.
Some of the major players covered in this report include Terex Corporation, Gorbel Inc., Mitsubishi Heavy Industries, Hyundai Motor Company, Sumitomo Heavy Industries Construction Cranes Co., Ltd., Tadano Ltd., Mazzella Companies, JC Bamford Excavators Ltd., The Volvo Group, TIL Limited, and Liebherr Group among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Global Cranes Market Segmentation:
By Type
Tower Cranes
Rough-terrain Cranes
Crawler Cranes
Floating Cranes
Others
By Mobility
Static
Mobile
By Capacity
Up to 50 Tons
50 to 100 Tons
Greater than 100 Tons
By End-user Industry
Construction
Mining
Transportation & Logistics
Oil & Gas
Manufacturing
Others
By Region
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
UK
France
Germany
Spain
Others
Middle East & Africa
Saudi Arabia
UAE
South Africa
Others
Asia Pacific
Japan
China
India
Thailand
Taiwan
Indonesia
Australia
Others
The global crane market is being propelled by infrastructure development, rising demand for renewable energy, and rapid technological advancements. The demand for emerging technologies like automation and AI is further propelling the latest application of cranes in various sectors. The growing economies around the world and the emergence of e-commerce created the large-scale application of cranes in transportation & logistics. Moreover, growing international trade has created the large-scale application of cranes in the ports across the world, where companies and governments are investing heavily in profitable operations at the ports.
Market Trends:
Boom in Construction Activities: The global crane market is witnessing strong growth, driven by significant construction activity in major developing economies and large markets like the USA. U.S. construction spending rose from $2,133,750 million in February 2024 to $2,195,755 million in February 2025, reflecting increased expenditure on materials and services in the sector.
Technological Advancements in Cranes: The crane industry is transforming through the adoption of artificial intelligence, automation, and advanced materials, which are revolutionizing crane operations and enhancing efficiency.
Regional Market Dynamics: North America and Asia Pacific are expected to hold substantial market shares, propelled by the increasing use of capital-intensive techniques in industries and robust growth in key sectors like oil & gas, logistics, and construction.
Logistics and Infrastructure Growth: The expansion of logistics, development of ports, and rising investments in construction have significantly increased the demand for heavy machinery, such as cranes, in major regional economies.
Some of the major players covered in this report include Terex Corporation, Gorbel Inc., Mitsubishi Heavy Industries, Hyundai Motor Company, Sumitomo Heavy Industries Construction Cranes Co., Ltd., Tadano Ltd., Mazzella Companies, JC Bamford Excavators Ltd., The Volvo Group, TIL Limited, and Liebherr Group among others.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Global Cranes Market Segmentation:
By Type
Tower Cranes
Rough-terrain Cranes
Crawler Cranes
Floating Cranes
Others
By Mobility
Static
Mobile
By Capacity
Up to 50 Tons
50 to 100 Tons
Greater than 100 Tons
By End-user Industry
Construction
Mining
Transportation & Logistics
Oil & Gas
Manufacturing
Others
By Region
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
UK
France
Germany
Spain
Others
Middle East & Africa
Saudi Arabia
UAE
South Africa
Others
Asia Pacific
Japan
China
India
Thailand
Taiwan
Indonesia
Australia
Others
Table of Contents
145 Pages
- 1. EXECUTIVE SUMMARY
- 2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
- 3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter’s Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
- 4. TECHNOLOGICAL OUTLOOK
- 5. GLOBAL CRANES MARKET BY TYPE
- 5.1. Introduction
- 5.2. Tower Cranes
- 5.3. Rough-terrain Cranes
- 5.4. Crawler Cranes
- 5.5. Floating Cranes
- 5.6. Others
- 6. GLOBAL CRANES MARKET BY MOBILITY
- 6.1. Introduction
- 6.2. Static
- 6.3. Mobile
- 7. GLOBAL CRANES MARKET BY CAPACITY
- 7.1. Introduction
- 7.2. Up to 50 Tons
- 7.3. 50 to 100 Tons
- 7.4. Greater than 100 Tons
- 8. GLOBAL CRANES MARKET BY END-USER INDUSTRY
- 8.1. Introduction
- 8.2. Construction
- 8.3. Mining
- 8.4. Transportation & Logistics
- 8.5. Oil & Gas
- 8.6. Manufacturing
- 8.7. Others
- 9. GLOBAL CRANES MARKET BY GEOGRAPHY
- 9.1. Introduction
- 9.2. North America
- 9.2.1. By Type
- 9.2.2. By Mobility
- 9.2.3. By Capacity
- 9.2.4. By End-user Industry
- 9.2.5. By Country
- 9.2.5.1. USA
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. South America
- 9.3.1. By Type
- 9.3.2. By Mobility
- 9.3.3. By Capacity
- 9.3.4. By End-user Industry
- 9.3.5. By Country
- 9.3.5.1. Brazil
- 9.3.5.2. Argentina
- 9.3.5.3. Others
- 9.4. Europe
- 9.4.1. By Type
- 9.4.2. By Mobility
- 9.4.3. By Capacity
- 9.4.4. By End-user Industry
- 9.4.5. By Country
- 9.4.5.1. United Kingdom
- 9.4.5.2. France
- 9.4.5.3. Germany
- 9.4.5.4. Spain
- 9.4.5.5. Others
- 9.5. Middle East and Africa
- 9.5.1. By Type
- 9.5.2. By Mobility
- 9.5.3. By Capacity
- 9.5.4. By End-user Industry
- 9.5.5. By Country
- 9.5.5.1. Saudi Arabia
- 9.5.5.2. UAE
- 9.5.5.3. South Africa
- 9.5.5.4. Others
- 9.6. Asia Pacific
- 9.6.1. By Type
- 9.6.2. By Mobility
- 9.6.3. By Capacity
- 9.6.4. By End-user Industry
- 9.6.5. By Country
- 9.6.5.1. Japan
- 9.6.5.2. China
- 9.6.5.3. India
- 9.6.5.4. Thailand
- 9.6.5.5. Taiwan
- 9.6.5.6. Indonesia
- 9.6.5.7. Australia
- 9.6.5.8. Others
- 10. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 10.1. Major Players and Strategy Analysis
- 10.2. Market Share Analysis
- 10.3. Mergers, Acquisitions, Agreements, and Collaborations
- 10.4. Competitive Dashboard
- 11. COMPANY PROFILES
- 11.1. Terex Corporation
- 11.2. Gorbel Inc.
- 11.3. Mitsubishi Heavy Industries
- 11.4. Hyundai Motor Company
- 11.5. Sumitomo Heavy Industries, Ltd.
- 11.6. Tadano Ltd.
- 11.7. Mazzella Companies
- 11.8. JC Bamford Excavators Ltd.
- 11.9. The Volvo Group
- 11.10. TIL Limited
- 11.11. Liebherr Group
- 12. APPENDIX
- 12.1. Currency
- 12.2. Assumptions
- 12.3. Base and Forecast Years Timeline
- 12.4. Key Benefits for the Stakeholders
- 12.5. Research Methodology
- 12.6. Abbreviations
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
