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Mobile Crane Market
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Mobile Crane Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2101006, Published - December 2024

Segmented in Product Type (All-Terrain, Rough Terrain, Truck Cranes, Crawler Cranes), Application (Construction, Industries, Utilities, Shipping & Ports), Weight Lifting Capacity, Drive Type and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Mobile Crane Market Outlook

Mobile cranes have become indispensable in the construction and logistics sectors due to their versatility and strength in maneuverability and operation efficiency that goes beyond methods of heavy lifting and transportation, with precision and speed. The market, for Mobile crane was estimated at $15.5 billion in 2024. It is anticipated to increase to $25.0 billion by 2030 with projections indicating a growth to around $37.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 8.3% over the forecast period.


In the industry today mobile cranes are highly valued for their adaptability effectiveness and their small size that allows for lifting capabilities even in confined spaces. Being a player in the fields of construction mining and shipping they are in high demand due, to a range of models designed specifically to meet a variety of operational needs.


Market Size Forecast & Key Insights

2019
$15.5B2024
2029
$34.4B2034

Absolute Growth Opportunity = $18.9B

The Mobile Crane market is projected to grow from $15.5 billion in 2024 to $34.4 billion in 2034. This represents a CAGR of 8.3%, reflecting rising demand across Construction Operations, Shipping and Port Management and Energy Sector Utilization.

The Mobile Crane market is set to add $18.9 billion between 2024 and 2034, with manufacturer targeting Industries & Utilities Application projected to gain a larger market share.

With Rising construction activities, and Technological advancements, Mobile Crane market to expand 122% between 2024 and 2034.

Opportunities in the Mobile Crane Market

Demand from Renewable Energy Sector

The shift to renewable energy on a scale is driving an increased demand for mobile cranes to support various industries such, as wind turbine installation that rely on heavy duty equipment for their operations.

Rise of Smart Cranes and Growth in Infrastructure Development Projects

The swift progress of technology is leading to the emergence and acceptance of Smart Cranes. These machines are equipped with sensors and sophisticated software that offer real time data to enhance efficiency and safety at construction sites—an avenue for mobile crane producers to capitalize upon with promising prospects, for expansion and creativity.

Governments around the world are investing in infrastructure projects to boost growth which has led to an increased need for mobile cranes in various development initiatives such, as road construction and urban expansion offering lucrative opportunities for crane manufacturers to expand their presence in the market.

Growth Opportunities in North America and Europe

Europe Outlook

In contrast and over in Europe's neck of the woods theres a need for mobile cranes coming mainly from the renewable energy field. Particularly for wind farms that require heavy duty lifting gear to get the job done right! With players like Terex and Tadano already in the game theres some serious competition going on in the market scenario there too! Also worth noting is that revamping infrastructure is bringing in some pretty sweet opportunities to the table, in Europe as well.

North America Outlook

In North America's mobile crane sector is experiencing growth thanks to the rise in construction and infrastructure projects in the region. The market competition is fierce with industry players such, as Liebherr and Manitowoc established in the field. There are promising chances ahead fueled by progress and favorable regulatory conditions.

North America Outlook

In North America's mobile crane sector is experiencing growth thanks to the rise in construction and infrastructure projects in the region. The market competition is fierce with industry players such, as Liebherr and Manitowoc established in the field. There are promising chances ahead fueled by progress and favorable regulatory conditions.

Europe Outlook

In contrast and over in Europe's neck of the woods theres a need for mobile cranes coming mainly from the renewable energy field. Particularly for wind farms that require heavy duty lifting gear to get the job done right! With players like Terex and Tadano already in the game theres some serious competition going on in the market scenario there too! Also worth noting is that revamping infrastructure is bringing in some pretty sweet opportunities to the table, in Europe as well.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, Japan, India are expected to grow at 6.1% to 8.7% CAGR

2

Emerging Markets : Indonesia, Vietnam, Nigeria are expected to grow at 8.0% to 10.4% CAGR

Market Analysis Chart

The increase in construction projects in regions like Asia Pacific and the Middle East is driving the need for Mobile Cranes due, to urbanization and infrastructure development initiatives that require their efficient solutions.

Recent Developments and Technological Advancement

December 2024

Terex Corporation launched a Mobile Crane model that is energy efficient and tailored for optimal performance at construction sites, in urban areas.

October 2024

Liebherr Group has strengthened its market position, in Asia by introducing a range of mobile cranes embedded with advanced technology to boost operational efficiency.

September 2024

Tadano Ltd has established a standard, in the industry by launching the inaugural fully automated Mobile Crane. This innovation minimizes involvement and enhances safety protocols significantly.

In market updates regarding mobile cranes trends show a significant increase, in demand attributed mainly to the thriving construction sector. Major industry players are currently emphasizing the incorporation of advanced technology features to meet the expanding needs of customers. A prominent trend emerging in this space is the adoption of Telematics. A monitoring method that utilizes GPS and onboard diagnostics to track movements and performance of cranes.

Impact of Industry Transitions on the Mobile Crane Market

As a core segment of the Lifting Equipment industry, the Mobile Crane market develops in line with broader industry shifts. Over recent years, transitions such as Shift towards Greener Technology and Automation and Advanced Control Systems have redefined priorities across the Lifting Equipment sector, influencing how the Mobile Crane market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift towards Greener Technology:

The Mobile Crane sector is undergoing a shift towards eco friendly technologies due to strict emission regulations and growing environmental consciousness The rise of hybrid and electric cranes serves as a visible indicator of this transformation, by enabling reduced greenhouse gas emissions and enhanced energy efficiency.

2

Automation and Advanced Control Systems:

There has been a shift in this industry towards increased reliance on automation and sophisticated control systems lately. Cranes with controls and GPS tracking systems are becoming more prevalent because of their precision, safety features and effectiveness. The Internet of Things (IoT) is also making an impact by offering, in depth data analysis and remote monitoring capabilities that enhance operational efficiency. This transformation greatly helps in predicting maintenance requirements and preventing unforeseen equipment downtimes.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Lifting Equipment industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Lifting Equipment industry cascade into the Mobile Crane market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rising Construction Activities, and Stringent Safety Regulations

The rise in urbanization worldwide and the boost, in infrastructure investments are also fuelin the need for cranes to construct buildins and bridges and other big structures – pushin the market ahead.
Governments are also introducing rules to guarantee the safety of workers at construction sites by requiring the utilization of sophisticated equipment such as mobile cranes. This increased regulatory focus is also one of the drivers, behind the thriving market conditions.
Cutting edge innovations such as GPS and LIDAR, alongside automation are also being integrated into cranes to boost effectiveness and safety measures – a trend that is also propelling the markets expansion.

Restraint: High Maintenance Costs

The maintenance costs for cranes are expensive due to their intricate operations and large size which poses a challenge for market expansion by inflating the overall ownership and operational expenses of these cranes significantly. Deterring interest, from potential customers like small and medium sized businesses.

Challenge: Stringent Regulations and Safety Concerns

Mobile cranes must adhere to rules concerning how they are used and their safety and emissions levels at both national and global levels—a situation that presents various hurdles for manufacturers and operators to navigate through effectively. Failing to comply with these regulations can lead to fines and reputational damage—serving as a significant obstacle, to expanding their market reach.

Supply Chain Landscape

Raw Material Procurement

ArcelorMittal

Tata Steel

Component Manufacturing

Caterpillar Inc.

Hyundai Heavy Industries

Assembly & Testing
Liebherr-International AG / Tadano Ltd
End User Applications
Construction Industry / Ports and Harbor Operations / Mining and Excavation
Raw Material Procurement

ArcelorMittal

Tata Steel

Component Manufacturing

Caterpillar Inc.

Hyundai Heavy Industries

Assembly & Testing

Liebherr-International AG

Tadano Ltd

End User Applications

Construction Industry

Ports and Harbor Operations

Mining and Excavation

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Construction
Building and Infrastructure
Liebherr Group
Focus on continuous innovation and product development, building highly flexible and efficient mobile cranes that are customized to meet construction needs
Industrial
Manufacturing and Production
Tadano Ltd.
Investment in fuel-efficient hybrid mobile cranes, along with advanced safety features integrated into the crane design
Oil & Gas
Energy
Terex Corporation
Development of rough terrain and all-terrain cranes suitable for oilfield applications, that are designed for maximum mobility and performance in challenging conditions
Shipping & Logistics
Maritime
Konecranes
Implementing digital technologies for robust and intelligent container handling, delivering superior performance in ports and logistics centers

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Mobile Crane market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Mobile Crane in Shipping and Port Management, Construction Operations and Energy Sector Utilization

Shipping and Port Management

In the realm of shipping operations mobile cranes play a role in efficiently transferring heavy cargo to and fro ships at ports. Their ability to handle loads and navigate with ease aids in streamlining port activities. Key players like Manitowoc and Konecranes offer tailored mobile crane solutions, for specialized tasks.

Construction Operations

Mobile cranes are commonly utilized in the construction industry for lifting and moving materials with ease due to their maneuverability in confined region's and diverse landscapes which sets them apart from other equipment manufacturers such as Liebherr and Tadano who are committed, to advancing crane technology through extensive research and development efforts aimed at enhancing operational effectiveness and ensuring safety standards are met consistently.

Energy Sector Utilization

Mobile cranes play a role in power plants and other industrial settings like oil rigs and wind farms due to their capability to erect and take down large structures such as wind turbines. A skill that is both exceptional and highly valuable in these environments. Major companies such as Terex and XCMG are, at the forefront of introducing strategies tailored to meet the distinct requirements of the energy industry.

Mobile Crane vs. Substitutes:
Performance and Positioning Analysis

Mobile Cranes provide versatility and portability in contrast to options such as Tower Cranes or Telescopic Cranes thatre immobile in nature. With a market positioning Mobile Cranes demonstrate promising growth prospects owing to the rising requirements, in the fields of logistics and construction.

Mobile Crane
  • Tower Crane /
  • Crawler Crane /
  • Telehandler
    Versatility in handling diverse tasks, Ease of transport and setup
    Large operating costs, Requires skilled operators
    High lifting capacity, flexibility in movement
    High operational costs, require trained operator

Mobile Crane vs. Substitutes:
Performance and Positioning Analysis

Mobile Crane

  • Versatility in handling diverse tasks, Ease of transport and setup
  • Large operating costs, Requires skilled operators

Tower Crane / Crawler Crane / Telehandler

  • High lifting capacity, flexibility in movement
  • High operational costs, require trained operator

Mobile Cranes provide versatility and portability in contrast to options such as Tower Cranes or Telescopic Cranes thatre immobile in nature. With a market positioning Mobile Cranes demonstrate promising growth prospects owing to the rising requirements, in the fields of logistics and construction.

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Research Methodology

This market research methodology defines the Mobile Crane market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Lifting Equipment ecosystem, we analyze Mobile Crane across Construction, Industries, and Utilities Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

DataString Database

Annual Reports / Industry Magazines / Country Level Ministerial Sources

Interviews of Industry Stake Holders

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

• NAICS - Economic Statistics (US, Canada)

DnB / Factiva / Hoovers / Financial Reports

We benchmark competitors such as Liebherr Group, The Manitowoc Company Inc, and Terex Corporation by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Procurement, Component Manufacturing, and Assembly & Testing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Lifting Equipment revenues to estimate the Mobile Crane segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Procurement (ArcelorMittal, Tata Steel), Component Manufacturing (Caterpillar Inc., Hyundai Heavy Industries), and Assembly & Testing. Our parallel substitute analysis examines Tower Crane, Crawler Crane, and Telehandler, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Liebherr Group, The Manitowoc Company Inc, and Terex Corporation, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Mobile Crane market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Mobile Crane Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 16.8 billion
Revenue Forecast in 2034USD 34.4 billion
Growth RateCAGR of 8.3% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202415.5 billion
Growth OpportunityUSD 18.9 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202415.5 billion USD
Market Size 202719.7 billion USD
Market Size 202923.1 billion USD
Market Size 203025.0 billion USD
Market Size 203434.4 billion USD
Market Size 203537.3 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Application, Weight Lifting Capacity, Drive Type
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledLiebherr Group, The Manitowoc Company Inc, Terex Corporation, Tadano Ltd, XCMG Group, Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd, Kato Works Co. Ltd, Kobelco Construction Machinery Co. Ltd, Zoomlion Heavy Industry Science and Technology Co. Ltd, Sany Heavy Industry Co. Ltd, Manitex International Inc and Palfinger AG
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Mobile Crane Market Size, Opportunities & Strategic Insights, by Product Type

4.1All-Terrain
4.2Rough Terrain
4.3Truck Cranes
4.4Crawler Cranes
Chapter 5

Mobile Crane Market Size, Opportunities & Strategic Insights, by Application

5.1Construction
5.2Industries
5.3Utilities
5.4Shipping & Ports
Chapter 6

Mobile Crane Market Size, Opportunities & Strategic Insights, by Weight Lifting Capacity

6.1Light Duty
6.2Medium Duty
6.3Heavy Duty
Chapter 7

Mobile Crane Market Size, Opportunities & Strategic Insights, by Drive Type

7.1Hydraulic
7.2Electric
7.3Hybrid
Chapter 8

Mobile Crane Market, by Region

8.1North America Mobile Crane Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Mobile Crane Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Mobile Crane Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Mobile Crane Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Mobile Crane Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Mobile Crane Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Liebherr Group
9.2.2The Manitowoc Company Inc
9.2.3Terex Corporation
9.2.4Tadano Ltd
9.2.5XCMG Group
9.2.6Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd
9.2.7Kato Works Co. Ltd
9.2.8Kobelco Construction Machinery Co. Ltd
9.2.9Zoomlion Heavy Industry Science and Technology Co. Ltd
9.2.10Sany Heavy Industry Co. Ltd
9.2.11Manitex International Inc
9.2.12Palfinger AG