The Mobile Cranes Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Mobile Cranes Market?
The market size of the mobile cranes has seen robust growth recently. The market size was $16.59 billion in 2024 and is expected to reach $17.65 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Mobile Cranes Industry?
The Mobile Cranes market is predicted to reach a size of $22.6 billion by the year 2029, expanding at a compound annual growth rate (CAGR) of 6.4%.
Download Your Free Sample of the 2025 Mobile Cranes Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Mobile Cranes Market?
The key drivers in the mobile cranes market are:
• Rising safety regulations in the construction sector
• Expansion and development in the wind energy sector
• Increased focus and preference for sustainable construction practices
• High demand for compact and all-terrain cranes, particularly for infrastructure modernization projects.
Global Market Segmentation: Identifying Major Mobile Cranes Industry Segments
The mobile cranes market covered in this report is segmented –
1) By Product Type: Truck Mounted Crane, Trailer Mounted Crane, Crawler Crane
2) By Terrain Type: On road, Rough Terrain, All Terrain
3) By Application Type: Construction And Mining, Utility, Manufacturing, Transport Or Shipping, Oil And Gas Or Energy
Pre-order the 2025 Mobile Cranes Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Mobile Cranes Market?
The key trends in the mobile cranes market are:
• The integration of telematics and IoT are significant emerging trends in the mobile cranes market.
• The growth of the rental market is a significant future trend in the industry.
• Infrastructure rehabilitation and maintenance are increasingly shaping the future of the mobile cranes market.
• Customization for specific applications and digitalization of crane operations are notable upcoming trends.
Who Are the Top Competitors & Leading Players in the Mobile Cranes Market?
Major companies in the mobile cranes market are:
• Terex Corporation
• Kobelco Construction Machinery Co. Ltd.
• Palfinger AG
• Bauer AG
• SANY Group
• Zoomlion Heavy Industry Science and Technology Co. Ltd.
• Manitowoc Company Inc.
• Manitex Inc.
• Liebherr Group
• Kato Works Co. Ltd.
• Tadano Limited
• Xuzhou Construction Machinery Group Co. Ltd.
• Sumitomo Heavy Industries Limited
• Cargotec Corporation
• LiuGong Machinery Company Limited
• Konecranes
• Favelle Favco Group
• Gorbel Inc.
• American Crane & Equipment Corp.
• Saginaw Products Corp.
• Zhenhua Heavy Industries Co. Ltd.
• Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.
• Sarens NV
• Sennebogen Maschinenfabrik GmbH
• Link-Belt Cranes
• Grove Worldwide LLC
• Demag Cranes & Components GmbH
• Hiab AB
• Huisman Equipment B.V.
• Fassi Gru S.p.A.
• Effer S.p.A.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the mobile cranes market in 2024
