Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Truck Mounted Crane Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Truck Mounted Crane Market?
The Truck Mounted Crane Global Market Report 2025 market experienced a steady increase in market size, moving from $7.39 billion in 2024 to $7.72 billion in 2025. This represents a compound annual growth rate (CAGR) of 4.5%.
What Is the Forecasted CAGR for the Truck Mounted Crane Market by 2029?
The Truck Mounted Crane Global Market is forecasted to expand to a size of $9.71 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 5.9%.
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What Are the Market Drivers in the Truck Mounted Crane Industry?
The key drivers in the truck mounted crane market are:
• Increasing demand for infrastructure maintenance and repair
• Growth in telecommunication tower installations
• Expansion in renewable energy sector
• Rising government investments in public projects
What Is the Segment-Wise Breakdown of the Truck Mounted Crane Market?
The truck mounted crane market covered in this report is segmented –
1) By Type: Articulating Cranes, Hydraulic Cranes, Telescopic Cranes, Other Types
2) By Drive: Electrical, Mechanical, Hydraulic
3) By Lifting Capacity: Below 15 Ton, 15 To 30 Ton, 30 To 50 Ton, Above 50 Ton
4) By End Use: Industrial, Commercial, Infrastructure, Other End Users
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Which Emerging Trends Are Driving Growth in the Truck Mounted Crane Sector?
The key trends in the truck mounted crane market are:
• Customization of truck mounted cranes for specific applications is an emerging trend.
• There is an increased focus on ergonomics and operator comfort in the truck mounted crane market.
• The integration with fleet management systems is becoming a prevalent trend.
• Rental and leasing services are expected to influence the future of the market.
Which Companies Are Dominating the Truck Mounted Crane Market in Terms of Revenue?
Major players in the truck mounted crane market are:
• Liebherr Group
• Xuzhou Construction Machinery Group Co Ltd.
• Kawasaki Heavy Industries Ltd.
• Sany Heavy Industry Co Ltd
• Zoomlion Heavy Industry Science & Technology Co Ltd.
• F.lli Ferrari S.p.A.
• Terex Corporation
• Liugong Machinery Co Ltd.
• Altec Inc.
• Palfinger AG
• Tadano Ltd.
• KOBELCO Construction Machinery Co Ltd.
• Hyva Global B.V.
• Kato Works Co Ltd.
• Sims Crane & Equipment Co
• Action Construction Equipment Ltd.
• Manitex International Inc
• HMF Group
• STAHL CraneSystems GmbH
• Iowa Mold Tooling
• Hidrokon
• Effer S.p.A.
• Elliott Equipment Company
• TIL Limited
• Böcker Maschinenwerke GmbH
• Furukawa Unic Corporation
• Liaoning Fuwa Heavy Industry Machinery Co Ltd.
• Hydrauliska Industri AB
• Fassi Gru S.p.A.
• Bonfiglioli Group
• Cormach S.r.l.
• CraneWorks Inc.
• Altec Industries Inc.
• Amco Veba
• UNIC Cranes Europe
• Liftmoore Inc.
• KenzFigee
What Are the Regions Driving Demand in the Truck Mounted Crane Market?
Asia-Pacific was the largest region in the truck mounted crane market in 2024
