The global Crane Market study analyzes the industry across 6 regions and 24 countries By Product (Mobile Crane, Fixed Crane), By Load Capacity (Below 25 ton, 26 to 50 Ton, 5o to 80 Ton, Above 80 Ton), By Application (Construction, Mining, Industrial, Oil & Gas, Others).
The crane market is experiencing steady growth driven by infrastructure development, construction projects, and industrial applications. Cranes play a crucial role in material handling, lifting operations, and construction activities, offering various types such as mobile cranes, tower cranes, and overhead cranes. The market is characterized by advancements in crane technology, safety features, and automation capabilities, enhancing productivity, efficiency, and safety in material handling operations. With urbanization, mega construction projects, and manufacturing demands driving crane usage, the market is expected to witness continued growth, product innovations, and market expansion globally.
The market report analyses the leading companies in the industry including BUCKNER HEAVYLIFT CRANES, LLC, CARGOTEC Corp, Caterpillar, CERTEX USA, Demag Cranes & Components GmbH, GORBEL Inc, Hitachi Construction Machinery Europe NV, KITO Corp, Komatsu Ltd, Konecranes, LIEBHERR, PALFINGER AG, PelloBy Premier Cranes, SANY Group, Street Crane Company Ltd, Tadano Ltd, Terex Corp, The Manitowoc Company Inc, XCMG, Zoomlion Heavy Industry Science&Technology Co. Ltd, and others.
A prominent trend in the Crane Market is the increasing digitalization and integration of Internet of Things (IoT) technologies. Cranes are becoming smarter with the incorporation of sensors, telematics, and connectivity solutions. This trend enables real-time monitoring, predictive maintenance, and data-driven insights, enhancing operational efficiency, safety, and productivity in crane operations.
A key driver for the Crane Market is the surge in infrastructure development and construction projects globally. Growing urbanization, investments in transportation networks, and industrial expansions drive the demand for cranes across sectors such as construction, manufacturing, mining, and logistics. The need for heavy lifting equipment to support large-scale projects fuels the growth of the crane market.
An opportunity in the Crane Market lies in the adoption of electric and hybrid crane solutions. With increasing emphasis on sustainability and environmental regulations, there is a rising demand for cranes that offer lower emissions, reduced fuel consumption, and quieter operations. Manufacturers focusing on developing advanced electric and hybrid crane models can capitalize on the growing market preference for eco-friendly lifting equipment and gain a competitive edge.
In the Crane Market, the largest segment is the mobile crane category. This dominance is primarily due to the versatility and widespread applicability of mobile cranes across various industries and job sites. Mobile cranes offer flexibility in maneuverability and accessibility, making them suitable for a wide range of lifting and material handling tasks, including construction, infrastructure development, manufacturing, and logistics. Their ability to move easily from one location to another, coupled with diverse lifting capacities and configurations, makes mobile cranes indispensable for projects requiring frequent repositioning or working in confined spaces. Additionally, advancements in mobile crane technology, such as telescopic booms, hydraulic systems, and stability controls, further enhance their efficiency and safety, driving their popularity and solidifying their position as the largest segment within the Crane Market.
In the Crane Market, the fastest-growing segment is the range of cranes with a load capacity above 80 tons. This acceleration is driven by the growing demand for heavy lifting solutions in various industries such as construction, mining, oil and gas, and infrastructure development. Projects requiring the movement of oversized and heavy materials, such as prefabricated components, machinery, and structural elements, necessitate cranes with higher load capacities. Additionally, the increasing scale and complexity of construction and industrial projects worldwide, coupled with the trend towards modular and offsite construction methods, further fuel the demand for cranes capable of lifting heavier loads. As a result, cranes with load capacities above 80 tons emerge as the fastest-growing segment within the Crane Market, reflecting the evolving needs of industries for robust and high-capacity lifting equipment to meet the demands of modern construction and industrial projects.
In the Crane Market, the largest segment is the construction sector. This predominance is primarily due to the extensive use of cranes in various construction projects, including residential, commercial, infrastructure, and civil engineering. Construction activities often require cranes for lifting and placing heavy materials such as steel beams, concrete panels, precast elements, and machinery at heights and distances beyond human capabilities. Cranes play a crucial role in enhancing productivity, efficiency, and safety on construction sites, enabling rapid progress and timely completion of projects. Moreover, the global construction industry's continuous growth and urbanization trends drive sustained demand for cranes, further solidifying the construction sector as the largest segment within the Crane Market.
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
BUCKNER HEAVYLIFT CRANES, LLC
CARGOTEC Corp
Caterpillar
CERTEX USA
Demag Cranes & Components GmbH
GORBEL Inc
Hitachi Construction Machinery Europe NV
KITO Corp
Komatsu Ltd
Konecranes
LIEBHERR
PALFINGER AG
PelloBy Premier Cranes
SANY Group
Street Crane Company Ltd
Tadano Ltd
Terex Corp
The Manitowoc Company Inc
XCMG
Zoomlion Heavy Industry Science&Technology Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Crane Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Crane Market Size Outlook, $ Million, 2021 to 2030
3.2 Crane Market Outlook by Type, $ Million, 2021 to 2030
3.3 Crane Market Outlook by Product, $ Million, 2021 to 2030
3.4 Crane Market Outlook by Application, $ Million, 2021 to 2030
3.5 Crane Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Crane Industry
4.2 Key Market Trends in Crane Industry
4.3 Potential Opportunities in Crane Industry
4.4 Key Challenges in Crane Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Crane Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Crane Market Outlook by Segments
7.1 Crane Market Outlook by Segments, $ Million, 2021- 2030
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
8 North America Crane Market Analysis and Outlook To 2030
8.1 Introduction to North America Crane Markets in 2024
8.2 North America Crane Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Crane Market size Outlook by Segments, 2021-2030
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
9 Europe Crane Market Analysis and Outlook To 2030
9.1 Introduction to Europe Crane Markets in 2024
9.2 Europe Crane Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Crane Market Size Outlook by Segments, 2021-2030
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
10 Asia Pacific Crane Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Crane Markets in 2024
10.2 Asia Pacific Crane Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Crane Market size Outlook by Segments, 2021-2030
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
11 South America Crane Market Analysis and Outlook To 2030
11.1 Introduction to South America Crane Markets in 2024
11.2 South America Crane Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Crane Market size Outlook by Segments, 2021-2030
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
12 Middle East and Africa Crane Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Crane Markets in 2024
12.2 Middle East and Africa Crane Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Crane Market size Outlook by Segments, 2021-2030
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
BUCKNER HEAVYLIFT CRANES, LLC
CARGOTEC Corp
Caterpillar
CERTEX USA
Demag Cranes & Components GmbH
GORBEL Inc
Hitachi Construction Machinery Europe NV
KITO Corp
Komatsu Ltd
Konecranes
LIEBHERR
PALFINGER AG
PelloBy Premier Cranes
SANY Group
Street Crane Company Ltd
Tadano Ltd
Terex Corp
The Manitowoc Company Inc
XCMG
Zoomlion Heavy Industry Science&Technology Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Mobile Crane
-All Terrain Crane
-Crawler Crane
-Rough Terrain Crane
-Truck Loader Crane
Fixed Crane
-Monorail Crane
-Stiff Leg Crane
-Tower Crane
-Gantry Crane
By Load Capacity
Below 25 ton
26 to 50 Ton
5o to 80 Ton
Above 80 Ton
By Application
Construction
Mining
Industrial
Oil & Gas
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Crane Market is forecast to reach $50 Billion in 2030 from $38.6 Billion in 2024, registering a CAGR of 4.4%
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
BUCKNER HEAVYLIFT CRANES, LLC, CARGOTEC Corp, Caterpillar, CERTEX USA, Demag Cranes & Components GmbH, GORBEL Inc, Hitachi Construction Machinery Europe NV, KITO Corp, Komatsu Ltd, Konecranes, LIEBHERR, PALFINGER AG, PelloBy Premier Cranes, SANY Group, Street Crane Company Ltd, Tadano Ltd, Terex Corp, The Manitowoc Company Inc, XCMG, Zoomlion Heavy Industry Science&Technology Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume