Mobile Crane Market Size, Share, and Growth Analysis, By Product (Truck Mounted Cranes, Trailer Mounted Cranes), By Capacity (Up to 10 Tons, Above 50 Tons), By Propulsion, By Region - Industry Forecast 2025-2032
Zoomlion Heavy Industry Science and Technology Co., Ltd.
XCMG Construction Machinery Co., Ltd.
Sany Heavy Industry Co., Ltd.
KATO WORKS CO., LTD.
Kobelco Construction Machinery Co., Ltd.
Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
The Manitowoc Company, Inc.
PALFINGER AG
Sarens n.v./s.a.
Altec Industries
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Global Mobile Crane Market size was valued at USD 10.12 Billion in 2023 and is poised to grow from USD 10.71 Billion in 2024 to USD 16.81 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The global mobile crane market indicate that rising infrastructure investments and expanding revenue in the global mining sector are set to boost the demand for mobile cranes significantly. The trend towards rental or lease services, along with a growing preference for used equipment among construction and heavy equipment companies, may challenge new equipment manufacturers. Additionally, increased urbanization and developments in export/import facilities are fueling investments in construction, power utilities, and shipbuilding industries. The integration of industrial IoT, SCADA, AI, and machine learning technologies is further enhancing opportunities for key players in this market, offering user-friendly solutions with advanced navigation and decision-making capabilities that cater to the evolving needs of the sector.
Top-down and bottom-up approaches were used to estimate and validate the size of the Mobile Crane market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Mobile Crane Market Segments Analysis
Global Mobile Crane Market is segmented by Product, by function, by application, by End User and by Region. Based on Product, the market is segmented into Truck Mounted Cranes, Trailer Mounted Cranes, Crawler Cranes. Based on Capacity, the market is segmented into Up to 10 Tons, 11-50 Tons, Above 50 Tons. Based on Propulsion, the market is segmented into Internal Combustion Engine Cranes, Electric Cranes. Based on End User, the market is segmented into Construction and Mining, Industrial Ports and Shipping, Utilities, Oil and Gas, Transport and Logistics, Other End Use. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Mobile Crane Market
The mobile crane market is poised to thrive due to the growing demand for renewable energy solutions, particularly in the wind energy sector. Mobile cranes are valued for their compact design, enabling them to efficiently operate in crowded construction zones. Additionally, rough terrain cranes, which offer impressive torque and superior off-road navigation capabilities, are increasingly sought after in the construction and mining sectors. Their operational advantages and enhanced efficiency make them indispensable in various applications, contributing to the overall expansion of the mobile crane market. This shift towards sustainable energy and the adaptability of cranes positions the market for significant growth.
Restraints in the Mobile Crane Market
The mobile crane market faces significant challenges primarily due to safety concerns associated with inadequate training and awareness among operators. Many workplace injuries, fatalities, and accidents stem from insufficient training, emphasizing the need for proper instruction. Additionally, the risk of cranes inadvertently contacting electrical lines necessitates obtaining necessary clearances and adhering to established electrical safety protocols. A lack of awareness regarding load indicating devices hampers the adoption of essential technological advancements, consequently increasing the risk of accidents from falling loads. These factors collectively hinder the growth and expansion of the global mobile crane market, highlighting the importance of enhanced training and safety practices.
Market Trends of the Mobile Crane Market
The mobile crane market is experiencing significant growth driven by the integration of SCADA-connected devices and the Industrial Internet of Things (IoT). This technological advancement enhances operational efficiency, allowing crane operators to leverage big data and artificial intelligence for improved decision-making. The deployment of sensors and probes in advanced cranes facilitates real-time data collection, enabling operators to optimize performance, safety, and maintenance practices. As businesses increasingly recognize the added value of these smart solutions, the demand for mobile cranes equipped with IoT capabilities is expected to rise, reinforcing a positive market trend globally as industries seek to modernize and enhance productivity.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Technological Advancement
Regulatory Landscape
Value Chain Analysis
Case Study Analysis
Customer & Buying Criteria Analysis
PESTEL Analysis
Macro-Economic Indicators
Startup Analysis
Market Attractiveness Index
Raw Material Analysis
Supply Chain Analysis
Pricing Analysis
Global Mobile Crane Market Size by Product & CAGR (2025-2032)
Truck Mounted Cranes
Trailer Mounted Cranes
Crawler Cranes
Global Mobile Crane Market Size by Capacity & CAGR (2025-2032)
Up to 10 Tons
11-50 Tons
Above 50 Tons
Global Mobile Crane Market Size by Propulsion & CAGR (2025-2032)
Internal Combustion Engine Cranes
Electric Cranes
Global Mobile Crane Market Size by End Use & CAGR (2025-2032)
Construction and Mining
Industrial
Ports and Shipping
Utilities
Oil and Gas
Transport and Logistics
Other End Use
Global Mobile Crane Market Size by Region & CAGR (2025-2032)
North America, (by Product, by function, by application, by End User)
US
Canada
Europe, (by Product, by function, by application, by End User)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific, (by Product, by function, by application, by End User)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America, (by Product, by function, by application, by End User)
Brazil
Rest of Latin America
Middle East & Africa, (by Product, by function, by application, by End User)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2021-2023)
Key Company Profiles
Liebherr Group
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Terex Corporation
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Tadano Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zoomlion Heavy Industry Science and Technology Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
XCMG Construction Machinery Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sany Heavy Industry Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
KATO WORKS CO., LTD.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kobelco Construction Machinery Co., Ltd.
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.