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Mobile Cranes Market Poised To Hit $22.82 Billion By 2030 With A 5.7% CAGR
The mobile cranes market size has demonstrated strong growth in recent years. It is forecast to grow from $17.31 billion in 2025 to $18.3 billion in 2026, at a compound annual growth rate (CAGR) of 5.7%. The expansion observed historically can be attributed to increased construction and mining activities, the ongoing expansion of urban infrastructure projects, a heightened reliance on crane rental services, growing demand stemming from oil and gas projects, and the need for adaptable lifting solutions.
The mobile cranes market is projected to experience substantial expansion in the coming years. This market is anticipated to reach a valuation of $22.82 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.7%. This projected growth is driven by several factors, including escalating investments in large-scale infrastructure projects, the expansion of renewable energy installations, a growing need for efficient material handling machinery, the proliferation of smart city initiatives, and continuous technological progress in crane safety and control mechanisms. Key trends anticipated during this period involve an increasing appetite for rental mobile crane services, the growing acceptance of all-terrain and rough-terrain cranes, wider deployment of high-capacity cranes in infrastructure endeavors, a preference for cranes that are compact and easy to transport, and the expanded application of mobile cranes in energy and utility sectors.
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Mobile Cranes Market Expansion Drivers: What’s Shaping Future Growth?
Government efforts in construction activities are set to drive the expansion of the mobile cranes market moving forward. Around the world, various governments are fostering construction to enhance infrastructure. Mobile cranes are frequently utilized in both the erection of buildings and the placement of large equipment. As an illustration, in July 2024, the Office for National Statistic, a UK-based Office for National Statistics, reported that investments in the infrastructure market sector in 2023 reached approximately $17.5 billion, indicating a 3.9% increase from 2022 when constant prices were considered. Thus, government initiatives are stimulating the growth of the mobile cranes market.
Mobile Cranes Market Segments: Where Is Growth Concentrated?
The mobile cranes market covered in this report is segmented –
1) By Product Type: Truck Mounted Crane, Trailer Mounted Crane, Crawler Crane
2) By Terrain Type: On road, Rough Terrain, All Terrain
3) By Application Type: Construction And Mining, Utility, Manufacturing, Transport Or Shipping, Oil And Gas Or Energy
Subsegments:
1) By Truck Mounted Crane: All-Terrain Crane, Rough Terrain Crane, Telescopic Crane
2) By Trailer Mounted Crane: Compact Trailer Crane, Folding Trailer Crane
3) By Crawler Crane: Mini Crawler Crane, Standard Crawler Crane, Heavy Crawler Crane
Mobile Cranes Market Industry Trends Fueling Future Revenue Growth
Leading companies in the mobile cranes market are concentrating on innovative offerings, such as electric mobile cranes, to increase their revenues. An electric mobile crane is a category of lifting machinery powered by electricity, typically employing electric motors for its various functions, and is designed to operate without requiring traditional fuel sources like diesel or gasoline. For instance, in February 2023, Action Construction Equipment (ACE), an India-based manufacturer of construction and material-handling equipment, launched an electric mobile crane. The ACE F150-ev 4X4 is specifically designed for road travel and carry-along tasks. This electric crane has been carefully engineered to deliver optimal power and productivity while maintaining the equipment’s versatility for Indian environments, aligning with a commitment to foster sustainable technologies. Equipped with four-wheel drive, essential traction, and outstanding safety features alongside excellent durability and stability, this electric crane is perfectly suited for activities in rugged terrain.
Mobile Cranes Market Key Participants And Competitive Landscape
Major companies operating in the mobile cranes market are Terex Corporation, Kobelco Construction Machinery Co. Ltd., Palfinger AG, Bauer AG, SANY Group, Zoomlion Heavy Industry Science and Technology Co. Ltd., Manitowoc Company Inc., Manitex Inc., Liebherr Group, Kato Works Co. Ltd., Tadano Limited, Xuzhou Construction Machinery Group Co. Ltd., Sumitomo Heavy Industries Limited, LiuGong Machinery Company Limited, Konecranes, Favelle Favco Group, American Crane & Equipment Corp., Zhenhua Heavy Industries Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Sennebogen Maschinenfabrik GmbH, Link-Belt Cranes, Grove Worldwide LLC, Demag Cranes & Components GmbH, Hiab AB, Huisman Equipment B.V., Fassi Gru S.p.A., Effer S.p.A.
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Mobile Cranes Market Global Footprint: Which Region Leads The Market?
Asia-Pacific was the largest region in the mobile cranes market in 2025. The regions covered in the mobile cranes market report are 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.
