Truck Mounted Crane Market Report 2026

Truck Mounted Crane Market Overview

• Truck Mounted Crane market size has reached to $7.72 billion in 2025 • Expected to grow to $10.37 billion in 2030 at a compound annual growth rate (CAGR) of 6.2% • Growth Driver: Public Infrastructure Boom Fuels Growth In Truck Mounted Cranes Market • Market Trend: Stellar Industries Leads The Way With Cutting-Edge Innovations In Truck Mounted Cranes • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Truck Mounted Crane Market?

A truck-mounted crane is a specialized vehicle that integrates a crane onto a truck chassis, allowing for the transportation and lifting of heavy loads directly from the truck, making it versatile and efficient for various applications in industries such as construction, logistics, and utilities. The main types of truck mounted cranes are articulating cranes, hydraulic cranes, telescopic cranes, and others. Articulating crane is a crane whose boom is made up of several foldable, pin-connected structural components that may be extended or contracted using hydraulic cylinder power. Major drives are electrical, mechanical, and hydraulic with lifting capacities below 15 tons, 15 to 30 tons, 30 to 50 tons, and above 50 tons, that are used by various end-users such as industrial, commercial, infrastructure, and others.

What Is The Truck Mounted Crane Market Growth Forecast?

The truck mounted crane market size is expected to see strong growth in the next few years. It will grow to $10.37 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investments in smart construction equipment, rising adoption of electric and hybrid cranes, expansion of renewable energy infrastructure, growing demand for efficient material handling, increasing focus on automation in lifting operations. Major trends in the forecast period include increasing adoption of multi-functional lifting equipment, rising demand for high-capacity mobile cranes, growing integration of telematics and load monitoring, expansion of infrastructure development projects, enhanced focus on operational safety.

What Is The Driver Of The Truck Mounted Crane Market?

The rising construction of public infrastructure is expected to propel the growth of the truck mounted cranes market forward. Public infrastructure refers to facilities and structures that are developed and intended for the general public such as roads, public toilets, flyovers, and others. Truck mounted cranes are used in urban infrastructure development due to their flexibility in carrying raw materials and building blocks in very limited and crowded spaces. For instance, in February 2024, according to a report published by the Infrastructure and Projects Authority, a UK-based government agency, there are currently 660 projects and programs in the pipeline for investment across both public and private sectors. An investment of approximately $204 billion is planned for the period up to 2024/25. Over the next decade, an estimated $850-950 billion in planned and projected investments is anticipated. Additionally, $78 billion of these investments will involve the use of Modern Methods of Construction (MMC) within the next two years. Therefore, the increasing construction of public infrastructure is driving the truck mounted cranes industry.

Key Players In The Global Truck Mounted Crane Market

Major companies operating in the truck mounted crane market report include Liebherr Group, Xuzhou Construction Machinery Group Co. 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., Action Construction Equipment Ltd., Manitex International Inc., HMF Group, 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., Cormach S.r.l., Altec Industries Inc., Amco Veba, UNIC Cranes Europe, Liftmoore Inc., KenzFigee

Global Truck Mounted Crane Market Trends and Insights

Major companies operating in the truck mounted cranes market are introducing innovative technologies to sustain their position in the market. Innovative technologies in truck-mounted cranes enhance safety, operational efficiency, and environmental sustainability, expanding their versatility and appeal across diverse industries. For instance, in March 2024, Hiab, a Sweden-based company, provides intelligent services and smart solutions designed to enhance load handling efficiency, launched the HIAB wspr, a next-generation electric hybrid crane solution designed to enhance load handling while promoting sustainability. This innovative product features a dual power source, allowing operation using both the truck engine and a separate electric power take-off (ePTO), making it particularly efficient for use in low- or no-emission zones. The HIAB wspr includes three model variants: a standard model suitable for larger market segments that can operate for 1-2 days on a full charge, a light-duty model tailored for drop-off applications with an integrated battery pack, and a heavy-duty model designed for extended working hours mounted directly on the truck chassis.

What Are Latest Mergers And Acquisitions In The Truck Mounted Crane Market?

In September 2024, Tadano Ltd., a Japan-based manufacturing company, acquired Manitex International Inc. for $223 million. Through this acquisition, Tadano Ltd. aims to expand its global business in truck loader cranes and aerial work platforms and create a more balanced portfolio structure. Manitex International Inc. is a US-based manufacturer providing truck cranes, boom trucks, knuckle boom cranes, mobile elevating work platforms, and specialized lifting solutions.

What Defines the Truck Mounted Crane Market?

The truck mounted crane market consists of sales of mobile cranes, all-terrain cranes, and telescopic handler cranes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Truck Mounted Crane Market Report 2026?

The truck mounted crane market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the truck mounted crane industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.