Global Foldable Knuckle Boom Crane Market Growth 2026-2032
Description
The global Foldable Knuckle Boom Crane market size is predicted to grow from US$ 1972 million in 2025 to US$ 2700 million in 2032; it is expected to grow at a CAGR of 4.3% from 2026 to 2032.
In 2025, global Foldable Knuckle Boom Crane production reached approximately 3,360 units，with an average global market price of around US$ 600,000 per unit, and a gross profit margin of approximately 20%-40%. A foldable knuckle boom crane is a hydraulically actuated, articulated-luffing lifting device whose boom is segmented with one or more “knuckle” joints and engineered to fold into a compact stowage envelope. Unlike straight- or telescopic-boom cranes that rely primarily on a single luffing plane, a knuckle boom configuration combines inner boom, outer boom (and often telescopic extensions or a jib) to create a multi-link geometry that can “reach over” obstacles, work close-in, and place loads precisely in tight footprints. The “foldable” characteristic refers to the ability to collapse the boom into a low-profile parked position (e.g., behind a truck cab, along a vessel’s bulwark, or within restricted deck areas), which improves transportability, stability, and deck utilization.
The foldable knuckle boom crane market is driven by two overlapping demand pools: (1) on-road load handling (truck-mounted loader cranes) and (2) marine/offshore deck handling (foldable knuckle boom pedestal cranes). On-road demand correlates with infrastructure activity, utilities and municipal services, building materials logistics, and the long-term shift toward “self-loading” fleets that reduce reliance on separate lifting assets. Marine demand ties to vessel newbuild/retrofit cycles across workboats, offshore service vessels, aquaculture support, and offshore wind, where deck space is scarce and compact stowage is economically valuable. Competitive dynamics are shaped by engineering depth (structure, hydraulics, control software), certification and compliance (CE/EN standards; class approvals offshore), and lifecycle support networks. Technology trends include higher automation (stability control, semi-automatic folding, sensor-based load monitoring), more capable remote controls and connectivity, electrification/hybridization on vehicles, and for offshore variants, motion compensation and deepwater winch integration. Supply chains remain steel- and hydraulics-intensive, so OEMs emphasize design-to-weight, fatigue life, and corrosion protection, especially for marine applications.
LP Information, Inc. (LPI) ' newest research report, the “Foldable Knuckle Boom Crane Industry Forecast” looks at past sales and reviews total world Foldable Knuckle Boom Crane sales in 2025, providing a comprehensive analysis by region and market sector of projected Foldable Knuckle Boom Crane sales for 2026 through 2032. With Foldable Knuckle Boom Crane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Foldable Knuckle Boom Crane industry.
This Insight Report provides a comprehensive analysis of the global Foldable Knuckle Boom Crane landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Foldable Knuckle Boom Crane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Foldable Knuckle Boom Crane market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Foldable Knuckle Boom Crane and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Foldable Knuckle Boom Crane.
This report presents a comprehensive overview, market shares, and growth opportunities of Foldable Knuckle Boom Crane market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Fully Foldable Knuckle Boom
Knuckle Boom With Telescopic Extensions
Others
Segmentation by Installation Method:
Truck Mounted
Marine Deck Mounted
Others
Segmentation by Lifting Capacity:
Lifting Capacity: ≤100t
Lifting Capacity: 100-200t
Lifting Capacity: ≥200t
Segmentation by Application:
Marine
Wind Power
Construction
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
PALFINGER
HIAB
HMF
MKG
PM Group
Liebherr
Fassi
ATLAS
CORMACH
SANY
COPMA
Hyva
HEILA
HS.MARINE
MELCAL
Huisman
Kongsberg
SMST
Key Questions Addressed in this Report
What is the 10-year outlook for the global Foldable Knuckle Boom Crane market?
What factors are driving Foldable Knuckle Boom Crane market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Foldable Knuckle Boom Crane market opportunities vary by end market size?
How does Foldable Knuckle Boom Crane break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, global Foldable Knuckle Boom Crane production reached approximately 3,360 units，with an average global market price of around US$ 600,000 per unit, and a gross profit margin of approximately 20%-40%. A foldable knuckle boom crane is a hydraulically actuated, articulated-luffing lifting device whose boom is segmented with one or more “knuckle” joints and engineered to fold into a compact stowage envelope. Unlike straight- or telescopic-boom cranes that rely primarily on a single luffing plane, a knuckle boom configuration combines inner boom, outer boom (and often telescopic extensions or a jib) to create a multi-link geometry that can “reach over” obstacles, work close-in, and place loads precisely in tight footprints. The “foldable” characteristic refers to the ability to collapse the boom into a low-profile parked position (e.g., behind a truck cab, along a vessel’s bulwark, or within restricted deck areas), which improves transportability, stability, and deck utilization.
The foldable knuckle boom crane market is driven by two overlapping demand pools: (1) on-road load handling (truck-mounted loader cranes) and (2) marine/offshore deck handling (foldable knuckle boom pedestal cranes). On-road demand correlates with infrastructure activity, utilities and municipal services, building materials logistics, and the long-term shift toward “self-loading” fleets that reduce reliance on separate lifting assets. Marine demand ties to vessel newbuild/retrofit cycles across workboats, offshore service vessels, aquaculture support, and offshore wind, where deck space is scarce and compact stowage is economically valuable. Competitive dynamics are shaped by engineering depth (structure, hydraulics, control software), certification and compliance (CE/EN standards; class approvals offshore), and lifecycle support networks. Technology trends include higher automation (stability control, semi-automatic folding, sensor-based load monitoring), more capable remote controls and connectivity, electrification/hybridization on vehicles, and for offshore variants, motion compensation and deepwater winch integration. Supply chains remain steel- and hydraulics-intensive, so OEMs emphasize design-to-weight, fatigue life, and corrosion protection, especially for marine applications.
LP Information, Inc. (LPI) ' newest research report, the “Foldable Knuckle Boom Crane Industry Forecast” looks at past sales and reviews total world Foldable Knuckle Boom Crane sales in 2025, providing a comprehensive analysis by region and market sector of projected Foldable Knuckle Boom Crane sales for 2026 through 2032. With Foldable Knuckle Boom Crane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Foldable Knuckle Boom Crane industry.
This Insight Report provides a comprehensive analysis of the global Foldable Knuckle Boom Crane landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Foldable Knuckle Boom Crane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Foldable Knuckle Boom Crane market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Foldable Knuckle Boom Crane and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Foldable Knuckle Boom Crane.
This report presents a comprehensive overview, market shares, and growth opportunities of Foldable Knuckle Boom Crane market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Fully Foldable Knuckle Boom
Knuckle Boom With Telescopic Extensions
Others
Segmentation by Installation Method:
Truck Mounted
Marine Deck Mounted
Others
Segmentation by Lifting Capacity:
Lifting Capacity: ≤100t
Lifting Capacity: 100-200t
Lifting Capacity: ≥200t
Segmentation by Application:
Marine
Wind Power
Construction
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
PALFINGER
HIAB
HMF
MKG
PM Group
Liebherr
Fassi
ATLAS
CORMACH
SANY
COPMA
Hyva
HEILA
HS.MARINE
MELCAL
Huisman
Kongsberg
SMST
Key Questions Addressed in this Report
What is the 10-year outlook for the global Foldable Knuckle Boom Crane market?
What factors are driving Foldable Knuckle Boom Crane market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Foldable Knuckle Boom Crane market opportunities vary by end market size?
How does Foldable Knuckle Boom Crane break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
133 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Foldable Knuckle Boom Crane by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Foldable Knuckle Boom Crane by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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