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Add to CartMobile Cranes Market
By Machine Type;
Mobile Crane, Fixed Crane & Marine and Port CranesBy Application Type;
Construction, Mining & Excavation, Marine & Offshore, Industrial Applications and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Mobile Cranes Market Overview
Mobile Cranes Market (USD Million)
Mobile Cranes Market was valued at USD 15,123.00 million in the year 2024. The size of this market is expected to increase to USD 23,796.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.
Mobile Cranes Market
*Market size in USD million
CAGR 6.7 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 6.7 % |
| Market Size (2024) | USD 15,123.00 Million |
| Market Size (2031) | USD 23,796.01 Million |
| Market Concentration | Medium |
| Report Pages | 399 |
Major Players
- Konecranes PLC
- Cargotec
- Manitowoc
- Terex Corporation
- Tadano Limited
- Kobelco Cranes Co. Limited
- Palfinger AG
- Liebherr-International AG
- Zoomlion Heavy Industry Science and Technology Co. Limited
- Favelle Favco Group
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Mobile Cranes Market
Fragmented - Highly competitive market without dominant players
The Mobile Cranes Market is witnessing strong growth as industries shift toward versatile and transportable lifting solutions. Adoption has grown by over 41%, reflecting the demand for efficient construction and material handling equipment. Mobile cranes are valued for their mobility, flexibility, and time-saving capabilities, making them a vital part of modern operations.
Key Drivers Accelerating Growth
The growing need for cost-efficient lifting solutions and rapid project completion is driving adoption. Close to 37% of organizations prefer mobile cranes for their ability to move between sites with minimal setup effort. These machines improve safety and reduce manual dependency, making them indispensable for industrial projects.
Advancements Strengthening Market Adoption
Innovations in hydraulic technology, smart load controls, and advanced engines are boosting market growth. Roughly 50% of the latest crane models feature digital monitoring systems, improved safety functions, and fuel-efficient designs. Such advancements enhance reliability, cut operational delays, and expand usage across sectors.
Growth Prospects and Industry Outlook
The outlook for the Mobile Cranes Market is highly promising with greater investments in technological upgrades and safety improvements. Nearly 55% of businesses are planning to expand budgets for advanced mobile cranes to achieve higher durability and optimized performance. With ongoing R&D, the market is positioned for robust expansion in the years ahead.
Mobile Cranes Market Recent Developments
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In January 2023, Liebherr launched the LTM 1150-5.3 mobile crane with advanced lifting capabilities and a focus on compact design
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In April 2023, Tadano announced a hybrid mobile crane designed to enhance energy efficiency and reduce operational costs
Segment Analysis
This report extensively covers different segments of Global Mobile Crane Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
The global mobile crane market has been segmented by type, application, and geography to provide a comprehensive understanding of the diverse needs and preferences within the industry. In terms of type, mobile cranes are categorized based on their configuration and lifting capacity, including all-terrain cranes, truck-mounted cranes, crawler cranes, and rough terrain cranes. Each type offers unique advantages and suitability for different job site conditions and applications, catering to the varied requirements of construction, infrastructure development, and industrial projects worldwide.
Furthermore, the segmentation by application highlights the wide range of industries and sectors that rely on mobile cranes for lifting and material handling tasks. These applications include construction, oil and gas, mining, manufacturing, utilities, and logistics, among others. Mobile cranes play a vital role in various stages of project execution, from initial site preparation and material handling to structural assembly and equipment installation. By understanding the specific needs and demands of each application segment, manufacturers and stakeholders can tailor their offerings and solutions to meet industry requirements effectively.
Geographical segmentation of the global mobile crane market provides insights into regional market dynamics, demand trends, and growth opportunities across different geographic regions. Factors such as infrastructure investment, economic growth, regulatory landscape, and construction activity levels vary significantly from one region to another, influencing the demand for mobile cranes. By analyzing market trends and opportunities in specific geographic regions, market players can develop targeted strategies to expand their presence, penetrate new markets, and capitalize on emerging opportunities for growth in the global mobile crane market.
Global Mobile Cranes Segment Analysis
In this report, the Global Mobile Cranes Market has been segmented by Type, Application and Geography.
Global Mobile Cranes Market, Segmentation by Type
The Global Mobile Cranes Market has been segmented by Type into Wheel-mounted Mobile Crane, Commercial Truck-mounted Crane, Side Boom, Straddle Crane, Railroad Crane and Other Mobile Cranes.
The global mobile crane market is segmented into various types to cater to diverse industry needs and lifting requirements. Wheel-mounted mobile cranes are among the most common types, offering high mobility and versatility for a wide range of construction and infrastructure projects. They are ideal for navigating rough terrain and accessing remote job sites, making them indispensable in industries such as construction, mining, and oil and gas.
Commercial truck-mounted cranes provide flexibility and convenience for lifting and transporting loads, particularly in urban and suburban settings. These cranes are mounted on trucks or trailers, allowing for quick deployment and efficient utilization of space on job sites. They find applications in industries such as logistics, transportation, and material handling, where the ability to move equipment swiftly is crucial for operational efficiency.
Side boom cranes, straddle cranes, railroad cranes, and other specialized mobile cranes cater to specific industry verticals and niche applications. Side boom cranes, for example, are commonly used in pipeline construction and maintenance, while railroad cranes are essential for railway infrastructure projects. Each type of mobile crane offers unique features and capabilities tailored to meet the demands of its respective industry, contributing to the overall growth and diversity of the global mobile crane market.
Global Mobile Crane Market, Segmentation by Application
The Global Mobile Cranes Market has been segmented by Application into Construction, Mining & Excavation, Marine & Offshore, Industrial Applications and Others.
The global mobile cranes market is segmented by application into various sectors, including construction, mining & excavation, marine & offshore, industrial applications, and others. In the construction sector, mobile cranes play a vital role in lifting heavy materials and equipment during building construction, infrastructure development, and urbanization projects. These versatile machines are used for tasks such as lifting steel beams, concrete panels, and prefabricated structures, facilitating efficient and safe construction operations.
In the mining & excavation industry, mobile cranes are employed for material handling, equipment installation, and maintenance activities in mining sites, quarries, and excavation projects. These rugged machines are designed to operate in challenging terrain and adverse conditions, providing essential support for mining operations worldwide. With the expansion of mining activities and the need for efficient material handling solutions, the demand for mobile cranes in the mining sector is expected to remain strong.
Furthermore, mobile cranes find applications in marine & offshore projects, where they are used for shipbuilding, port operations, offshore drilling, and installation of offshore structures such as oil rigs and wind turbines. The ability of mobile cranes to operate in maritime environments and handle heavy loads makes them indispensable tools for marine and offshore operations. Additionally, mobile cranes are utilized in various industrial applications such as manufacturing, logistics, and maintenance, where they facilitate material handling, equipment installation, and maintenance tasks. Overall, the segmentation of the global mobile crane market by application reflects the diverse range of industries and sectors that rely on mobile cranes for their lifting and material handling needs.
Global Mobile Crane Market, Segmentation by Geography
In this report, the Global Mobile Crane Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Mobile Cranes Market Share (%), by Geographical Region, 2024
The global mobile cranes market exhibits varying shares across different geographical regions, reflecting the diverse demand and development trends in each area. In North America, the market share is significant, driven by robust construction activities, infrastructure development projects, and industrial expansions. The region benefits from a mature construction sector, stringent safety regulations, and a strong emphasis on technological advancements, contributing to a considerable portion of the global mobile crane market share.
In Europe, the mobile crane market holds a notable share, supported by extensive urbanization, ongoing infrastructure upgrades, and a focus on sustainable construction practices. Countries like Germany, France, and the UK lead in terms of market demand, driven by large-scale infrastructure projects, renewable energy initiatives, and strict regulatory standards for equipment safety and emissions. Additionally, the presence of established crane manufacturers and engineering expertise further strengthens Europe's position in the global mobile crane market.
In Asia Pacific, the mobile crane market share is witnessing rapid growth, fueled by booming construction activities, urbanization, and industrialization across emerging economies such as China, India, and Southeast Asian nations. Infrastructure development projects, including transportation networks, residential and commercial complexes, and energy facilities, drive the demand for mobile cranes in the region. Furthermore, government initiatives, foreign investments, and the adoption of advanced technologies contribute to the expansion of the mobile crane market share in Asia Pacific, positioning the region as a key growth engine in the global market landscape.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Mobile Cranes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis,.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Infrastructure Development Projects
- Expansion of Renewable Energy Sector
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Technological Advancements in Crane Design- Technological advancements in crane design are driving significant growth and innovation in the global mobile crane market. Manufacturers are continuously investing in research and development to enhance the performance, efficiency, and safety features of mobile cranes. These advancements include the integration of state-of-the-art control systems, advanced sensor technology, and intelligent automation to optimize crane operation and increase productivity. Additionally, the use of lightweight materials and innovative engineering techniques allows for the development of mobile cranes with higher lifting capacities and greater maneuverability without compromising on safety.
The implementation of telematics and connectivity solutions in mobile cranes enables real-time monitoring and remote diagnostics, enhancing fleet management and maintenance practices. Telematics systems provide valuable insights into crane performance, usage patterns, and maintenance requirements, allowing operators to optimize equipment utilization and minimize downtime. Furthermore, the integration of GPS tracking and geofencing capabilities enhances security and theft prevention, providing peace of mind for crane owners and operators.
technological advancements in crane design are driving improvements in safety features and operator comfort, contributing to overall market growth. Manufacturers are equipping mobile cranes with advanced safety systems such as collision avoidance, load monitoring, and emergency stop functionalities to enhance job site safety and minimize the risk of accidents. Additionally, ergonomic cab designs and operator assistance features improve operator comfort and reduce fatigue, resulting in increased productivity and efficiency. As technological innovation continues to accelerate, the global mobile crane market is expected to witness further advancements that will shape the future of lifting solutions across various industries.
Restraints:
- High Initial Investment Costs
- Regulatory Compliance Challenges
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Competition from Alternative Lifting Solutions-The global mobile crane market faces notable competition from alternative lifting solutions, such as tower cranes, crawler cranes, and aerial work platforms, which offer distinct advantages in certain applications. Tower cranes, for instance, are preferred for high-rise construction projects due to their high lifting capacities and extended reach, making them suitable for lifting heavy materials to great heights. Similarly, crawler cranes excel in off-road and rough terrain conditions, offering superior stability and mobility over uneven surfaces compared to mobile cranes. Aerial work platforms provide access to elevated work areas with precision and safety, making them ideal for maintenance, inspection, and installation tasks in various industries.
Despite the competition, mobile cranes maintain their appeal in the market due to their versatility, maneuverability, and quick setup times. Mobile cranes offer the advantage of being able to travel on public roads and access confined job sites, making them suitable for a wide range of applications, including construction, infrastructure projects, and industrial facilities. Additionally, technological advancements in mobile crane design and manufacturing, such as telescopic booms and advanced control systems, enhance their lifting capacity, reach, and efficiency, further solidifying their position as a preferred lifting solution.
Mrket players in the global mobile crane industry are responding to competition by innovating and diversifying their product offerings to meet evolving customer demands and industry requirements. Manufacturers are focusing on developing hybrid and electric-powered mobile cranes to address environmental concerns and regulatory mandates, reducing emissions and operating costs. Additionally, advancements in automation and remote operation technologies enhance the safety and productivity of mobile cranes, making them more competitive with alternative lifting solutions. As industries continue to prioritize efficiency, productivity, and safety, mobile crane manufacturers are poised to leverage innovation to maintain their market share and capitalize on emerging opportunities.
Opportunities:
- Government Investments in Infrastructure
- Increasing Demand for Efficient Lifting Solutions
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Emerging Markets and Industry Verticals- Emerging markets and expanding industry verticals are significant drivers of growth in the global mobile crane market. As developing economies undergo rapid urbanization and industrialization, there is a growing demand for infrastructure development projects, including the construction of roads, bridges, airports, and commercial buildings. Mobile cranes play a crucial role in these projects, providing essential lifting and material handling capabilities. Additionally, emerging markets often have limited access to heavy lifting equipment, creating opportunities for mobile crane manufacturers to expand their presence and capture new market share.
The expansion of industry verticals such as renewable energy, oil and gas, mining, and manufacturing presents lucrative opportunities for the mobile crane market. In the renewable energy sector, mobile cranes are indispensable for the construction and maintenance of wind farms, solar installations, and hydroelectric facilities. Similarly, in the oil and gas industry, mobile cranes are used for rigging and lifting operations during exploration, drilling, and production activities. Additionally, mobile cranes play a vital role in mining operations by facilitating the movement of heavy equipment and materials in challenging terrain.
As industry verticals diversify and expand into new markets, the demand for specialized mobile crane solutions is expected to rise. Manufacturers are developing innovative crane models with enhanced lifting capacities, reach, and adaptability to meet the evolving needs of various industry sectors. Additionally, technological advancements such as automation, telemetry, and remote monitoring capabilities are improving crane efficiency, safety, and productivity. As emerging markets continue to grow and industry verticals diversify, the global mobile crane market is poised for sustained expansion, driven by the demand for versatile lifting solutions across diverse applications and sectors.
Mobile Cranes Market Competitive Landscape Analysis
Mobile Cranes Market is marked by strong competition, with nearly 58% of the share concentrated among major international players. Leading companies emphasize strategies focused on expanding product portfolios, forming partnerships, and leveraging innovation. Continuous mergers and collaboration are helping strengthen market presence and deliver consistent growth across construction and industrial applications.
Market Structure and Concentration
About 55% of the market remains consolidated, where dominant players leverage advanced distribution networks and long-term strategies. Smaller regional manufacturers contribute to the remaining share by offering cost-effective models. Rising mergers and acquisitions highlight increasing concentration, which is reinforcing competitive advantages and supporting steady growth in the sector.
Brand and Channel Strategies
Nearly 53% of leading firms focus on multi-channel strategies, combining direct sales with rental service partnerships. Strong brand identity is enhanced through collaborations with construction companies and infrastructure developers. Emphasis on aftermarket services and innovative financing strategies is driving long-term customer loyalty and consistent growth momentum.
Innovation Drivers and Technological Advancements
Close to 61% of manufacturers are investing in technological advancements such as telematics, hybrid engines, and automation features. Strategic collaboration with technology firms accelerates adoption of digital platforms. Continuous innovation and integration of safety systems are strengthening competitive positions while ensuring sustainable growth for both established and emerging players.
Regional Momentum and Expansion
Asia-Pacific accounts for around 36%, North America for nearly 29%, and Europe for close to 27% of the market. Regional expansion is driven by infrastructure projects and urban development. Strategic partnerships with local distributors and tailored strategies for fleet modernization are reinforcing competitive strength and accelerating growth across geographies.
Future Outlook
More than 64% of key companies plan to focus on digital innovation, energy-efficient models, and long-term partnerships. The future outlook emphasizes smart crane solutions, enhanced safety standards, and regional expansion. Sustained growth will depend on technology-driven differentiation and collaborative strategies in both developed and emerging markets.
Key players in Mobile Cranes Market include:
- Liebherr
- Tadano
- Manitowoc
- SANY
- XCMG
- Grove
- Zoomlion
- Terex / Demag
- Altec
- Cargotec
- National Crane
- Palfinger
- Faun (Tadano Faun)
- Kato Works
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Mobile Cranes Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Infrastructure Development Projects
- Expansion of Renewable Energy Sector
- Technological Advancements in Crane Design
- Restraints
- High Initial Investment Costs
- Regulatory Compliance Challenges
- Competition from Alternative Lifting Solutions
- Opportunities
- Government Investments in Infrastructure
- Increasing Demand for Efficient Lifting Solutions
- Emerging Markets and Industry Verticals
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Mobile Cranes Market, By Type, 2021 - 2031 (USD Million)
- Wheel-mounted Mobile Crane
- Commercial Truck-mounted Crane
- Side Boom
- Straddle Crane
- Railroad Crane
- Others
- Mobile Cranes Market, By Application, 2021 - 2031 (USD Million)
- Construction
- Mining & Excavation
- Marine & Offshore
- Industrial Applications
- Others
- Mobile Cranes Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Mobile Cranes Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Liebherr
- Tadano
- Manitowoc
- SANY
- XCMG
- Grove
- Zoomlion
- Terex / Demag
- Altec
- Cargotec
- National Crane
- Palfinger
- Faun (Tadano Faun)
- Kato Works
- Company Profiles
- Analyst Views
- Future Outlook of the Market