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Truck Mounted Crane Market Expected To Reach $6.2 Billion By 2030 At 10.37% CAGR
The truck mounted crane market size has experienced robust growth in recent years. It is projected to expAnd from $7.72 billion in 2025 to $8.15 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 5.6%. The historical expansion of this market can be attributed to the proliferation of construction And infrastructure projects, the enlargement of logistics And utility services, the increasing adoption of mobile lifting solutions, the availability of hydraulic lifting technologies, And rising urban development activities.
The truck mounted crane market size is projected to experience substantial growth over the upcoming years. This market is anticipated to reach $10.37 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2%. Key factors contributing to this growth during the forecast period include greater investments in intelligent construction equipment, a surge in the use of electric And hybrid cranes, the expansion of renewable energy infrastructure, a heightened need for efficient material hAndling, And an increasing emphasis on automation in lifting operations. Prominent trends expected in the forecast period encompass a wider adoption of versatile lifting equipment, an escalating demAnd for high-capacity mobile cranes, the expAnding incorporation of telematics And load monitoring systems, an increase in infrastructure development initiatives, And a stronger focus on operational safety.
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Truck Mounted Crane Market Growth Momentum: Which Factors Are Influencing DemAnd?
The increasing construction of public infrastructure is projected to propel the growth of the truck mounted cranes market. Public infrastructure refers to facilities And structures developed for the general public, including roads, public toilets, And flyovers. Truck mounted cranes are employed in urban infrastructure development due to their adaptability in carrying raw materials And building blocks through very limited And crowded spaces. For example, in February 2024, a report by the Infrastructure And Projects Authority, a UK-based government agency, indicated 660 projects And programs currently 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. Furthermore, $78 billion of these investments will involve the use of Modern Methods of Construction (MMC) within the next two years. Consequently, the expAnding construction of public infrastructure is driving the truck mounted cranes market.
Truck Mounted Crane Market Segment Breakdown: Which Categories Generate The Most 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 Reshaping Industry Growth
Major companies in the truck mounted cranes market are implementing innovative technologies to uphold their market presence. These advanced technologies in truck-mounted cranes boost safety, operational efficiency, And environmental sustainability, thereby expAnding their versatility And appeal across diverse industries. For instance, in March 2024, Hiab, a Sweden-based company that delivers intelligent services And smart solutions aimed at improving load hAndling efficiency, launched the HIAB wspr. This is a next-generation electric hybrid crane solution engineered to enhance load hAndling while fostering sustainability. This inventive product boasts a dual power source, enabling it to operate using both the truck engine And a distinct electric power take-off (ePTO), making it especially efficient for use in low- or no-emission zones. The HIAB wspr offers three model variants: a stAndard model suitable for larger market segments that can run for 1-2 days on a full charge, a light-duty model customized for drop-off applications with an integrated battery pack, And a heavy-duty model designed for extended working hours And mounted directly on the truck chassis.
Truck Mounted Crane Market Key Players And Strategic Industry 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 Analysis And Leading Geography
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.
