Report Description Table of Contents Mobile Crane Market Size & Overview The Mobile Crane Market was valued at USD 18.9 billion in 2024 & is projected to reach around USD 27.4 billion by 2030, expanding at a CAGR of 6.4% during the forecast period. The growth is propelled by the rising demand for mobile lifting solutions across construction, infrastructure development, shipping & energy sectors. Mobile Crane Market Dynamics: Market Drivers The rising number of megaprojects for infrastructure worldwide is a key growth driver. According to the World Bank, over $9 trillion is spent annually on infrastructure. Installing a single utility-scale wind turbine can require cranes with lifting capacities of over 300 tons & boom lengths exceeding 100 meters, which underscores the growing need for technologically advanced mobile cranes in this segment. According to the International Energy Agency, global renewable power capacity additions are expected to exceed 440 GW in 2024, with wind energy accounting for a substantial share. Contractors increasingly rent mobile cranes to reduce CAPEX, ensure access to modern fleets & comply with project-specific requirements. The rising preference for crane rental over ownership is reshaping the market landscape. Market Restraints A truck-mounted crane can cost between USD 200,000 - USD 500,000, depending on specifications. Crawler cranes & all-terrain cranes used for large infrastructure & wind projects can exceed USD 1.5 Mn per unit. Beyond the purchase price, additional costs such as insurance, skilled operator wages, fuel, maintenance & road transport permits add to the total cost of ownership (TCO). The industry is facing a global shortage of certified crane operators, particularly in fast-developing construction markets. According to labor statistics from the U.S. Bureau of Labor Statistics the demand for crane operators is expected to grow by 6% from 2022-2032, faster than the average for most occupations. However, the supply of skilled personnel is not keeping pace, resulting in project delays, safety risks, and underutilization of high-capacity cranes. Market Opportunities Global infrastructure spending is projected to surpass USD 94 trillion by 2040, according to the Global Infrastructure Hub (GIH), with a major share allocated to transportation, energy & urban construction. The crane rental market is expanding steadily, with rental-based models accounting for over 60% of mobile crane usage in developed markets due to flexibility, lower capital costs & access to diverse equipment fleets. With increasing digitalization in construction, demand is growing for mobile cranes integrated with GPS tracking, load monitoring, real-time diagnostics & fleet management software. Mobile Crane Market Segmentation: A Comprehensive Overview By Type: Truck-Mounted Cranes Crawler Cranes All-Terrain Cranes Rough-Terrain Cranes Others (Floating Cranes, Railroad Cranes, etc.) By Capacity: Below 50 Tons 50–150 Tons 151–300 Tons Above 300 Tons By Application: Construction Mining Oil & Gas Shipping & Port Utility & Power Manufacturing Others By End-User: Construction Companies Rental Companies Industrial Facilities Government & Infrastructure Agencies By Region: North America Asia Pacific Europe Latin America Middle East & Africa Segmentation Analysis – Mobile Crane Market By Type: Truck-Mounted Cranes hold the largest market share at 40% in 2024 due to their versatility, mobility & widespread use across infrastructure & urban projects. All-Terrain Cranes are the fastest-growing segment, projected to expand at a CAGR of 7.3% through 2030, supported by increasing use in cross-country & high-capacity applications. By Capacity: The 50–150 Tons segment dominates the market with a share of 42%, offering the ideal balance between load capacity & operational flexibility. The Above 300 Tons segment is the fastest-growing, with a CAGR of 7.8%, driven by demand in heavy industrial installations, large infrastructure projects & offshore wind farms. By Application: Construction is the leading application segment, accounting for 55% of the market share in 2024, fueled by continuous urban development, public infrastructure upgrades & real estate growth. Utility & Power is the fastest-growing application, expanding at a CAGR of 7.6%, fueled by the global expansion of renewable energy projects, including wind & solar installations. By End-User: Construction Companies are the primary end-users, holding a market share of 48%, due to their direct involvement in public & private infrastructure development. Rental Companies are the fastest-growing end-user segment, with a CAGR of 8.1%, as project-based crane rentals gain popularity among contractors seeking cost-effective operations. By Region: APAC holds the largest regional share at 46%, driven by massive infrastructure investments in China, India & Southeast Asia. Middle East & Africa is the fastest-growing region, projected to grow at a CAGR of over 7.9%, fueled by oil & gas sector revival, smart city projects, & industrial diversification initiatives. Mobile Crane Market Report Coverage Report Attribute Details Forecast Period 2024 – 2032 Market Size Value in 2024 USD 18.9 Billion Revenue Forecast in 2030 USD 27.4 Billion Overall Growth Rate CAGR of 6.4% (2024 – 2030) Base Year for Estimation 2023 Historical Data 2017 – 2021 Unit USD Billion, CAGR (2024 – 2030) Segmentation By Type, By Capacity, By Application, By End-User, By Geography By Type Truck-Mounted Cranes, Crawler Cranes, All-Terrain Cranes, Rough-Terrain Cranes, Others By Capacity Below 50 Tons, 50–150 Tons, 151–300 Tons, Above 300 Tons By Application Construction, Mining, Oil & Gas, Shipping & Port, Utility & Power, Manufacturing, Others By End-User Construction Companies, Rental Companies, Industrial Facilities, Government & Infrastructure Agencies By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Country Scope U.S., Germany, China, India, Japan, Canada, Brazil, UAE, etc. Market Drivers Rapid urbanization, infrastructure development, demand for heavy lifting in industrial sectors Pricing and Purchase Options Customization available upon request Key Players in the Mobile Crane Market Liebherr Group Konecranes Oyj Cargotec Corporation XCMG Group Zoomlion Heavy Industry Science & Technology Co., Ltd. Sany Heavy Industry Co., Ltd. Tadano Ltd. The Manitowoc Company, Inc. Terex Corporation Frequently Asked Question About This Report How big is the Mobile Crane Market? The market was valued at USD 18.9 Bn in 2024 & is projected to reach USD 27.4 Bn by 2030, expanding at a CAGR of 6.4%. What are the key factors driving the growth of the Mobile Crane Market? Key drivers include the expansion of urban infrastructure, growth in renewable energy and utility projects, and the increasing use of rental-based crane fleets supported by advancements in telematics and operator safety systems. Who are the Major Players in the Mobile Crane Market? Major players include Liebherr Group, Konecranes Oyj, Cargotec Corporation, XCMG Group, Zoomlion Heavy Industry, Sany Heavy Industry, Tadano Ltd., Manitowoc Company, Terex Corporation, and Palfinger AG. Which region held the largest Mobile Crane Market share? Asia Pacific held the largest share in 2024, driven by large-scale construction and industrial development projects in China, India & Southeast Asia. Which Application/Type had the largest Mobile Crane Market share? Construction was the leading application segment, accounting for the highest share in 2024, while truck-mounted cranes led by type due to their mobility and versatility across a wide range of lifting scenarios. . Table of Contents for the Mobile Crane Market Report Executive Summary • Market Overview • Market Attractiveness by Type, Capacity, Application, End-User, and Region • Strategic Insights from Key Executives (CXO Perspective) • Historical Market Size and Future Projections (2022–2032) • Summary of Market Segmentation by Type, Capacity, Application, End-User, and Region Market Share Analysis • Leading Players by Revenue and Market Share • Market Share Analysis by Type, Capacity, Application, and End-User Investment Opportunities in the Global Mobile Crane Market • Key Developments and Innovations • Mergers, Acquisitions, and Strategic Partnerships • High-Growth Segments for Investment Market Introduction • Definition and Scope of the Study • Market Structure and Key Findings • Overview of Top Investment Pockets Research Methodology • Research Process Overview • Primary and Secondary Research Approaches • Market Size Estimation and Forecasting Techniques Market Dynamics • Key Market Drivers • Challenges and Restraints Impacting Growth • Emerging Opportunities for Stakeholders • Impact of Macroeconomic and Technological Factors • COVID-19 and Post-Pandemic Analysis Global Mobile Crane Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Type: o Truck-Mounted Cranes o Crawler Cranes o All-Terrain Cranes o Rough-Terrain Cranes o Others (Floating Cranes, Railroad Cranes, etc.) • Market Analysis by Capacity: o Below 50 Tons o 50–150 Tons o 151–300 Tons o Above 300 Tons • Market Analysis by Application: o Construction o Mining o Oil & Gas o Shipping & Port o Utility & Power o Manufacturing o Others • Market Analysis by End-User: o Construction Companies o Rental Companies o Industrial Facilities o Government & Infrastructure Agencies • Market Analysis by Region: o North America o Asia Pacific o Europe o Latin America o Middle East & Africa North America Mobile Crane Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Type • Market Analysis by Capacity • Market Analysis by Application • Market Analysis by End-User • Country-Level Breakdown: o United States o Canada o Mexico Asia Pacific Mobile Crane Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Type • Market Analysis by Capacity • Market Analysis by Application • Market Analysis by End-User • Country-Level Breakdown: o China o India o Japan o South Korea o Rest of Asia Pacific Europe Mobile Crane Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Type • Market Analysis by Capacity • Market Analysis by Application • Market Analysis by End-User • Country-Level Breakdown: o Germany o United Kingdom o France o Italy o Spain o Rest of Europe Latin America Mobile Crane Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Type • Market Analysis by Capacity • Market Analysis by Application • Market Analysis by End-User • Country-Level Breakdown: o Brazil o Argentina o Rest of Latin America Middle East & Africa Mobile Crane Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Type • Market Analysis by Capacity • Market Analysis by Application • Market Analysis by End-User • Country-Level Breakdown: o GCC Countries o South Africa o Rest of Middle East & Africa Key Players and Competitive Analysis • Liebherr Group – Global Leader in Mobile Crane Manufacturing • Konecranes Oyj – Key Player in Industrial Cranes and Lifting Solutions • Cargotec Corporation – Leading Supplier of Heavy Lifting Equipment • XCMG Group – Prominent Chinese Manufacturer of Mobile Cranes • Zoomlion Heavy Industry Science & Technology Co., Ltd. – Major Mobile Crane Provider in Asia • Sany Heavy Industry Co., Ltd. – Known for High-Capacity Cranes • Tadano Ltd. – Specializing in All-Terrain and Rough-Terrain Cranes • The Manitowoc Company, Inc. – Global Supplier of Lifting Solutions • Terex Corporation – Provider of Mobile Cranes and Construction Equipment • Palfinger AG – Manufacturer of Crane Systems and Lifting Equipment Appendix • Abbreviations and Terminologies Used in the Report • References and Sources List of Tables • Market Size by Type, Capacity, Application, End-User, and Region (2024–2032) • Regional Market Breakdown by Type and Application (2024–2032) List of Figures • Market Dynamics: Drivers, Restraints, Opportunities, and Challenges • Regional Market Snapshot for Key Regions • Competitive Landscape and Market Share Analysis • Growth Strategies Adopted by Key Players • Market Share by Type, Capacity, and Application (2024 vs. 2032)