Global Cranes Rental Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Mobile Cranes and Fixed Cranes.

By Weight Lifting Capacity;

Low Weight Lifting Capacity, Low–Medium Weight Lifting Capacity, Heavy Weight Lifting Capacity and Extreme Heavy Weight Lifting Capacity.

By End-Use Industry;

Building & Construction, Oil & Gas, Marine & Offshore, Mining & Excavation, Transportation and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn139540297 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Cranes Rental Market (USD Million), 2021 - 2031

In the year 2024, the Global Cranes Rental Market was valued at USD 41,264.46 million. The size of this market is expected to increase to USD 57,293.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global cranes rental market has witnessed significant growth over recent years, driven by the burgeoning demand for cranes in various construction and industrial sectors. As urbanization accelerates and infrastructure projects expand globally, the need for flexible, cost-effective lifting solutions has become more pronounced. Cranes play a pivotal role in construction, mining, and manufacturing industries, offering essential support for lifting and moving heavy materials, which is crucial for the timely completion of projects.

The market's expansion is also supported by advancements in crane technology and the increasing adoption of rental services due to their financial and operational advantages. Renting cranes provides businesses with access to the latest equipment without the burden of long-term ownership costs, maintenance, and storage. This model offers significant benefits in terms of capital efficiency and operational flexibility, making it an attractive option for companies involved in large-scale projects with varying equipment needs.

Geographically, the market is experiencing growth across different regions, with significant contributions from North America, Europe, and Asia-Pacific. The Asia-Pacific region, in particular, is witnessing rapid infrastructure development, driven by emerging economies such as China and India. These regions are investing heavily in construction and industrial activities, thereby increasing the demand for crane rental services. Additionally, developed markets are also seeing a rise in crane rentals due to ongoing infrastructure modernization and urban redevelopment projects.

The competitive landscape of the global cranes rental market is marked by the presence of numerous players, ranging from large multinational corporations to regional and local operators. Key market players are focusing on expanding their fleets and enhancing service offerings to meet the diverse needs of their clients. Innovations in crane technology, such as telematics and advanced control systems, are also shaping the market, leading to improved safety, efficiency, and operational capabilities in crane rental services.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Weight Lifting Capacity
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Global Cranes Rental Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing construction activities
        2. Increased infrastructure projects
        3. Urbanization and industrialization
        4. Technological advancements in cranes
      2. Restraints
        1. High rental costs
        2. Regulatory compliance challenges
        3. Equipment maintenance issues
        4. Market competition intensity
      3. Opportunities
        1. Expanding emerging markets
        2. Green technology integration
        3. Diversified rental services
        4. Innovation in crane designs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cranes Rental Market, By Type, 2021 - 2031 (USD Million)
      1. Mobile Cranes
      2. Fixed Cranes
    2. Global Cranes Rental Market, By Weight Lifting Capacity, 2021 - 2031 (USD Million)
      1. Low Weight Lifting Capacity
      2. Low–Medium Weight Lifting Capacity
      3. Heavy Weight Lifting Capacity
      4. Extreme Heavy Weight Lifting Capacity
    3. Global Cranes Rental Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Building & Construction
      2. Oil & Gas
      3. Marine & Offshore
      4. Mining & Excavation
      5. Transportation
      6. Others
    4. Global Cranes Rental Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Liebherr Group
      2. United Rentals, Inc
      3. H&E Equipment Services, Inc
      4. Terex Corporation
      5. Faymonville Group
      6. Cargotec Corporation
      7. Manitowoc Company, Inc
      8. Kato Works Co., Ltd
      9. SANY Group
      10. Zoomlion Heavy Industry Science & Technology Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market