Global Mobile Cranes Market 2025-2035
Description
Mobile Cranes Market Size, Share & Trends Analysis Report, By Product Type (Truck Mounted Crane, Crawler Crane, and Trailer Mounted Crane), By Application (Construction, Industrial, and Utility), Forecast Period (2025-2035)
Industry Overview
Mobile cranes market was valued at $14.7 billion in 2024 and is projected to reach $28.4 billion by 2035, growing at a CAGR of 6.2% during the forecast period (2025-2035). The global mobile cranes market is experiencing steady growth, driven by increasing demand from infrastructure development and construction projects worldwide. Rapid urbanization in emerging economies has created a need for versatile lifting solutions capable of handling complex tasks efficiently. Technological advancements, such as the development of hybrid and high-capacity cranes by companies such as Liebherr, are enhancing operational efficiency and safety. Industrial sectors, including energy, mining, and logistics, are also contributing to market expansion through heavy equipment modernization. Additionally, regulatory emphasis on workplace safety and emission reduction is encouraging the adoption of advanced crane models.
Market Dynamics
Adoption of Hybrid and Electric Mobile Cranes
The global mobile cranes market is increasingly embracing hybrid and electric-powered cranes to meet environmental regulations and reduce operational costs. Liebherr International AG has introduced hybrid mobile cranes that combine diesel and electric power, improving fuel efficiency and lowering emissions. These innovations are particularly appealing in urban construction projects where noise and pollution limits are stringent. Companies are also focusing on battery-powered models for short-distance lifting tasks. Enhanced energy efficiency and sustainability are becoming key differentiators in competitive bidding. This trend demonstrates the growing integration of green technologies in heavy lifting equipment.
Expansion Through Smart and Connected Cranes
The integration of IoT and telematics is transforming mobile crane operations by enabling remote monitoring, predictive maintenance, and real-time performance tracking. Manitowoc has implemented smart crane solutions that provide operators with data on load capacity, positioning, and operational efficiency. Such connected technologies improve safety, reduce downtime, and optimize project timelines. Cloud-based analytics allow fleet managers to make informed decisions and schedule preventive maintenance. The adoption of these digital tools is increasing across construction and industrial applications globally. This trend highlights the convergence of automation and heavy machinery for enhanced productivity.
Market Segmentation
The global mobile cranes market is increasingly driven by the adoption of truck-mounted cranes due to their mobility and versatility across diverse project sites. Liebherr International AG has expanded its range of truck-mounted cranes, offering high load capacities combined with ease of transport. These cranes enable rapid deployment for urban infrastructure and industrial projects, reducing operational delays. Operators value their ability to handle heavy loads without requiring extensive site preparation. The growing preference for such adaptable lifting solutions is evident in construction, logistics, and energy sectors. This trend underscores the central role of truck-mounted cranes in supporting market expansion.
Construction: A Key Segment in Market Growth
The construction sector remains a primary growth driver for the global mobile cranes market. Manitowoc has enhanced its product portfolio with cranes tailored for large-scale residential and commercial projects, providing efficiency and reliability. Rapid urbanization and government investments in infrastructure have created high demand for mobile cranes capable of handling heavy materials. Integration of advanced safety features and telematics ensures precise operations and minimal downtime. Industrial and civil projects increasingly rely on these cranes to meet stringent timelines. Consequently, construction-led demand continues to bolster global market growth.
Regional Outlook
The global mobile cranes market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Increasing Rising Infrastructure Modernization And Renewable Energy Initiatives in Europe
The European mobile cranes market is expanding owing to rising infrastructure modernization and renewable energy initiatives. Tadano Ltd. has introduced cranes optimized for European construction sites, including wind farm installations and urban redevelopment projects. Strict safety and emission regulations have encouraged the adoption of technologically advanced and environmentally friendly models. Multi-state projects and cross-border construction contracts are further stimulating demand. Companies are leveraging digital monitoring and hybrid power solutions to enhance operational efficiency.
Asia-Pacific Region Dominates the Market with a Major Share
The Asia-Pacific mobile cranes market is witnessing rapid growth driven by large-scale infrastructure and industrial expansion. Xuzhou Construction Machinery Group Co., Ltd. (XCMG) has deployed high-capacity cranes across projects in China, India, and Southeast Asia, catering to urban and industrial demands. Government initiatives for transportation networks, power plants, and smart city projects are fueling demand. The adoption of high-efficiency and technologically advanced cranes is becoming increasingly common. Manufacturers are focusing on hybrid and modular designs to meet diverse site requirements. These factors collectively contribute to robust market expansion in the Asia-Pacific region.
Market Players Outlook
The major companies operating in the global mobile cranes market include Liebherr International AG, Tadano Ltd., The Manitowoc Company, Inc., Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Zoomlion Heavy Industry Science & Technology Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
Industry Overview
Mobile cranes market was valued at $14.7 billion in 2024 and is projected to reach $28.4 billion by 2035, growing at a CAGR of 6.2% during the forecast period (2025-2035). The global mobile cranes market is experiencing steady growth, driven by increasing demand from infrastructure development and construction projects worldwide. Rapid urbanization in emerging economies has created a need for versatile lifting solutions capable of handling complex tasks efficiently. Technological advancements, such as the development of hybrid and high-capacity cranes by companies such as Liebherr, are enhancing operational efficiency and safety. Industrial sectors, including energy, mining, and logistics, are also contributing to market expansion through heavy equipment modernization. Additionally, regulatory emphasis on workplace safety and emission reduction is encouraging the adoption of advanced crane models.
Market Dynamics
Adoption of Hybrid and Electric Mobile Cranes
The global mobile cranes market is increasingly embracing hybrid and electric-powered cranes to meet environmental regulations and reduce operational costs. Liebherr International AG has introduced hybrid mobile cranes that combine diesel and electric power, improving fuel efficiency and lowering emissions. These innovations are particularly appealing in urban construction projects where noise and pollution limits are stringent. Companies are also focusing on battery-powered models for short-distance lifting tasks. Enhanced energy efficiency and sustainability are becoming key differentiators in competitive bidding. This trend demonstrates the growing integration of green technologies in heavy lifting equipment.
Expansion Through Smart and Connected Cranes
The integration of IoT and telematics is transforming mobile crane operations by enabling remote monitoring, predictive maintenance, and real-time performance tracking. Manitowoc has implemented smart crane solutions that provide operators with data on load capacity, positioning, and operational efficiency. Such connected technologies improve safety, reduce downtime, and optimize project timelines. Cloud-based analytics allow fleet managers to make informed decisions and schedule preventive maintenance. The adoption of these digital tools is increasing across construction and industrial applications globally. This trend highlights the convergence of automation and heavy machinery for enhanced productivity.
Market Segmentation
- Based on the product type, the market is segmented into truck-mounted crane, crawler crane, and trailer-mounted crane.
- Based on the application, the market is segmented into construction, industrial, and utility.
The global mobile cranes market is increasingly driven by the adoption of truck-mounted cranes due to their mobility and versatility across diverse project sites. Liebherr International AG has expanded its range of truck-mounted cranes, offering high load capacities combined with ease of transport. These cranes enable rapid deployment for urban infrastructure and industrial projects, reducing operational delays. Operators value their ability to handle heavy loads without requiring extensive site preparation. The growing preference for such adaptable lifting solutions is evident in construction, logistics, and energy sectors. This trend underscores the central role of truck-mounted cranes in supporting market expansion.
Construction: A Key Segment in Market Growth
The construction sector remains a primary growth driver for the global mobile cranes market. Manitowoc has enhanced its product portfolio with cranes tailored for large-scale residential and commercial projects, providing efficiency and reliability. Rapid urbanization and government investments in infrastructure have created high demand for mobile cranes capable of handling heavy materials. Integration of advanced safety features and telematics ensures precise operations and minimal downtime. Industrial and civil projects increasingly rely on these cranes to meet stringent timelines. Consequently, construction-led demand continues to bolster global market growth.
Regional Outlook
The global mobile cranes market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Increasing Rising Infrastructure Modernization And Renewable Energy Initiatives in Europe
The European mobile cranes market is expanding owing to rising infrastructure modernization and renewable energy initiatives. Tadano Ltd. has introduced cranes optimized for European construction sites, including wind farm installations and urban redevelopment projects. Strict safety and emission regulations have encouraged the adoption of technologically advanced and environmentally friendly models. Multi-state projects and cross-border construction contracts are further stimulating demand. Companies are leveraging digital monitoring and hybrid power solutions to enhance operational efficiency.
Asia-Pacific Region Dominates the Market with a Major Share
The Asia-Pacific mobile cranes market is witnessing rapid growth driven by large-scale infrastructure and industrial expansion. Xuzhou Construction Machinery Group Co., Ltd. (XCMG) has deployed high-capacity cranes across projects in China, India, and Southeast Asia, catering to urban and industrial demands. Government initiatives for transportation networks, power plants, and smart city projects are fueling demand. The adoption of high-efficiency and technologically advanced cranes is becoming increasingly common. Manufacturers are focusing on hybrid and modular designs to meet diverse site requirements. These factors collectively contribute to robust market expansion in the Asia-Pacific region.
Market Players Outlook
The major companies operating in the global mobile cranes market include Liebherr International AG, Tadano Ltd., The Manitowoc Company, Inc., Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Zoomlion Heavy Industry Science & Technology Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In September 2024, Zoomlion Heavy Industry Science & Technology Co., Ltd. officially inaugurated the Hoisting Machinery Park in Zoomlion Smart Industrial City. The opening marks a major milestone for Zoomlion as all four main machinery parks in Zoomlion Smart Industrial City are completed and put into production, realizing the integrated digital transformation and intelligent manufacturing (IM) upgrade from main machinery equipment to spare parts.
- In May 2024, Liebherr introduced a full range of mobile construction cranes in the US. Liebherr's groundbreaking MK series of mobile construction cranes has officially arrived in the US, marking a significant milestone in the lifting and construction industry. These innovative cranes, which combine the height and reach of a tower crane with the maneuverability of a mobile crane, are capable of positioning themselves directly alongside building infrastructure.
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile cranes market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
286 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Mobile Cranes Market Sales Analysis – Product Type| Application | ($ Million)
- Mobile Cranes Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Mobile Cranes Market Trends
- 2.2.2. Market Recommendations
- 2.3. Porter's Five Forces Analysis for the Mobile Cranes Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global Mobile Cranes Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Mobile Cranes Market: Impact Analysis
- 3.3. Market Opportunities
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Mobile Cranes Market Revenue and Share by Manufacturers
- Mobile Cranes Product Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Liebherr International AG
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis (Subject to Data Availability)
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Tadano Ltd.
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis (Subject to Data Availability)
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. The Manitowoc Company, Inc.
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis (Subject to Data Availability)
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis (Subject to Data Availability)
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis (Subject to Data Availability)
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Mobile Cranes Market Sales Analysis by Product Type ($ Million)
- 5.1. Truck-Mounted Crane
- 5.2. Crawler Crane
- 5.3. Trailer-Mounted Crane
- 6. Global Mobile Cranes Market Sales Analysis by Application ($ Million)
- 6.1. Construction
- 6.2. Industrial
- 6.3. Utility
- 7. Regional Analysis
- 7.1. North American Mobile Cranes Market Sales Analysis – Product Type| Application | Country ($ Million)
- Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
- 7.2. European Mobile Cranes Market Sales Analysis – Product Type| Application | Country ($ Million)
- Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
- 7.3. Asia-Pacific Mobile Cranes Market Sales Analysis – Product Type| Application | Country ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
- 7.4. Rest of the World Mobile Cranes Market Sales Analysis – Product Type| Application | Country ($ Million)
- Macroeconomic Factors for Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa
- 8. Company Profiles
- 8.1. Broderson Manufacturing Corp.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
- 8.2. Elliott Equipment Company
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
- 8.3. Fassi Gru S.p.A.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
- 8.4. Furukawa UNIC Corp.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
- 8.5. Grove Cranes (Manitowoc)
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
- 8.6. IMT – Iowa Mold Tooling Co., Inc.
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
- 8.7. Kato Works Co., Ltd.
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
- 8.8. Kobelco Construction Machinery Co., Ltd.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
- 8.9. Liebherr International AG
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
- 8.10. Link-Belt Cranes (Sumitomo Heavy Industries)
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
- 8.11. National Crane (Manitowoc)
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
- 8.12. Palfinger AG
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
- 8.13. Sany Heavy Industry Co., Ltd.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
- 8.14. Sennebogen Maschinenfabrik GmbH
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
- 8.15. Tadano Ltd.
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
- 8.16. Terex Corp.
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
- 8.17. The Manitowoc Company, Inc.
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
- 8.18. Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
- 8.19. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
- 8.20. Zoomlion North America Heavy Industry, Inc.
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies
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