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Truck Mounted Crane Market Value Analysis: What Growth Lies Ahead Over The Forecast Period?
The truck mounted crane market size has grown strongly in recent years. It will grow from $7.72 billion in 2025 to $8.15 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growth of construction and infrastructure projects, expansion of logistics and utility services, increasing use of mobile lifting solutions, availability of hydraulic lifting technologies, rising urban development activities.
The truck mounted crane market size is expected to see strong growth in the next few years. It will grow to $10.37 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investments in smart construction equipment, rising adoption of electric and hybrid cranes, expansion of renewable energy infrastructure, growing demand for efficient material handling, increasing focus on automation in lifting operations. Major trends in the forecast period include increasing adoption of multi-functional lifting equipment, rising demand for high-capacity mobile cranes, growing integration of telematics and load monitoring, expansion of infrastructure development projects, enhanced focus on operational safety.
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Truck Mounted Crane Market Growth Catalysts And Demand Drivers
The rising construction of public infrastructure is expected to propel the growth of the truck mounted cranes market forward. Public infrastructure refers to facilities and structures that are developed and intended for the general public such as roads, public toilets, flyovers, and others. Truck mounted cranes are used in urban infrastructure development due to their flexibility in carrying raw materials and building blocks in very limited and crowded spaces. For instance, in February 2024, according to a report published by the Infrastructure and Projects Authority, a UK-based government agency, there are currently 660 projects and programs in the pipeline for investment across both public and private sectors. An investment of approximately $204 billion is planned for the period up to 2024/25. Over the next decade, an estimated $850-950 billion in planned and projected investments is anticipated. Additionally, $78 billion of these investments will involve the use of Modern Methods of Construction (MMC) within the next two years. Therefore, the increasing construction of public infrastructure is driving the truck mounted cranes market.
Truck Mounted Crane Market Segment Breakdown: Which Categories Lead On Revenue?
The truck mounted crane market covered in this report is segmented –
1) By Type: Articulating Cranes, Hydraulic Cranes, Telescopic Cranes, Other Types
2) By Lifting Capacity: Below 15 Ton, 15 To 30 Ton, 30 To 50 Ton, Above 50 Ton
3) By End Use: Industrial, Commercial, Infrastructure, Other End Users
Subsegments:
1) By Articulating Cranes: Standard Articulating Cranes, Heavy-Duty Articulating Cranes
2) By Hydraulic Cranes: Truck-Mounted Hydraulic Cranes, All-Terrain Hydraulic Cranes
3) By Telescopic Cranes: Fixed Telescopic Cranes, Swing Arm Telescopic Cranes
4) By Other Types: Mini Cranes, Specialized Cranes
Truck Mounted Crane Market Trends Shaping Long-Term Demand
Major companies operating in the truck mounted cranes market are introducing innovative technologies to sustain their position in the market. Innovative technologies in truck-mounted cranes enhance safety, operational efficiency, and environmental sustainability, expanding their versatility and appeal across diverse industries. For instance, in March 2024, Hiab, a Sweden-based company, provides intelligent services and smart solutions designed to enhance load handling efficiency, launched the HIAB wspr, a next-generation electric hybrid crane solution designed to enhance load handling while promoting sustainability. This innovative product features a dual power source, allowing operation using both the truck engine and a separate electric power take-off (ePTO), making it particularly efficient for use in low- or no-emission zones. The HIAB wspr includes three model variants: a standard model suitable for larger market segments that can operate for 1-2 days on a full charge, a light-duty model tailored for drop-off applications with an integrated battery pack, and a heavy-duty model designed for extended working hours mounted directly on the truck chassis.
Truck Mounted Crane Market Leading Players And Competitive Positioning
Major companies operating in the truck mounted crane market report include Liebherr Group, Xuzhou Construction Machinery Group Co. Ltd., Sany Heavy Industry Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., F.lli Ferrari S.p.A., Terex Corporation, Liugong Machinery Co. Ltd., Altec Inc., Palfinger AG, Tadano Ltd., KOBELCO Construction Machinery Co. Ltd., Hyva Global B.V., Kato Works Co. Ltd., Action Construction Equipment Ltd., Manitex International Inc., HMF Group, Iowa Mold Tooling, Hidrokon, Effer S.p.A., Elliott Equipment Company, TIL Limited, Böcker Maschinenwerke GmbH, Furukawa UNIC Corporation, Liaoning Fuwa Heavy Industry Machinery Co. Ltd., Hydrauliska Industri AB, Fassi Gru S.p.A., Cormach S.r.l., Altec Industries Inc., Amco Veba, UNIC Cranes Europe, Liftmoore Inc., KenzFigee
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Truck Mounted Crane Market Regional Breakdown: Where Is Demand Concentrated?
Asia-Pacific was the largest region in the truck mounted crane market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global truck mounted crane market during the forecast period. The regions covered in the truck mounted crane market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
