The mobile crane market is projected to nearly double in value from USD 18.9 billion in 2025 to USD 35.2 billion by 2035, with a steady CAGR of 6.7%. This growth is primarily fueled by increased infrastructure development worldwide and heightened demand for efficient lifting solutions in construction, oil & gas, and logistics sectors.
Cranes with 11 to 50 tons capacity hold the largest market share of approximately 28.4% in 2025. This segment is favored due to its optimal balance of lifting capacity and maneuverability, making it suitable for a wide range of applications including commercial construction and industrial projects.
Electric cranes are gaining significant traction as the market shifts towards sustainable and environmentally friendly solutions. With a 15.7% market share in 2025, electric propulsion mobile cranes benefit from growing regulatory pressures to meet zero-emission targets and rising adoption in urban areas where noise and pollution regulations are stringent.
Technological advancements and product innovations are driving the market forward. On April 7, 2025, at Bauma 2025 in Munich, Liebherr Group introduced the LTM 1150-5.4E, an all-electric mobile crane featuring a 111 kW motor and integrated battery pack.
This crane operates emissions-free for up to four hours without power connection, aligning with the industry's push towards greener construction technologies. The LTM 1150-5.4E combines performance and sustainability, making it suitable for noise-sensitive and environmentally regulated zones. This launch was confirmed via Liebherr’s official press release and industry reports.
Regionally, Asia Pacific is the fastest-growing market, propelled by rapid urbanization, industrialization, and large-scale infrastructure projects in countries like China, India, and Japan. North America and Europe maintain strong market presence due to well-established construction sectors and demand for advanced crane technologies.
Major manufacturers such as Liebherr, Manitowoc, Terex Corporation, and Tadano Ltd. continue investing in product innovation, expanding their portfolios to include hybrid and electric cranes, enhancing safety features, and improving operational efficiency to meet evolving customer demands.
| Attribute | Detail |
|---|---|
| Industry Size (2025E) | USD 18.9 billion |
| Industry Size (2035F) | USD 35.2 billion |
| CAGR (2025 to 2035) | 6.7% |
Cranes with 11 to 50 tons capacity are forecasted to dominate the market with a 28.4% share in 2025, favored for their optimal balance of lifting power and mobility across construction and industrial sectors. The electric crane propulsion segment leads with a 15.7% market share.
The 11 to 50 tons capacity segment is expected to hold the largest share of 28.4% in 2025, as these cranes offer the perfect balance between lifting capability and maneuverability for medium-sized construction and industrial projects. This capacity range supports a wide variety of tasks, including building construction, infrastructure maintenance, and equipment installation, where flexibility and efficiency are critical.
The segment benefits from increasing urbanization and industrial expansion, fueling demand for cranes that can efficiently handle moderate lifting loads. Manufacturers are introducing advanced hydraulic systems and telematics to improve precision and safety. Additionally, modular design options enable easy transport and rapid setup, enhancing on-site productivity and reducing operational downtime in competitive project environments.
The electric crane propulsion segment is projected to hold a 15.7% market share in 2025, reflecting a strong shift towards environmentally sustainable and energy-efficient lifting technologies. Electric cranes offer significant advantages such as zero local emissions, reduced noise pollution, and lower operating costs compared to diesel-powered alternatives. These cranes are increasingly adopted in urban construction sites, indoor environments, and areas with strict emission standards.
Innovations in battery technology and electric drive systems have improved crane operational range and power output, addressing previous limitations. Companies are focusing on hybrid-electric and fully electric models to comply with tightening environmental regulations and corporate sustainability goals. This segment’s growth is further fueled by government incentives and increasing customer preference for green equipment in construction and industrial sectors worldwide.
The table below presents a comparative assessment of the variation in CAGR over six months for the base year (2024) and the current year (2025). This analysis reveals crucial shifts in performance and indicates growth patterns, thereby providing stakeholders with a better vision of the growth trajectory over the year. The first half of the year, or H1, spans from January to June. The second half, i.e. H2, includes the months from July to December.
The figures included in the table below show the growth of the sector for each half-year between 2024 and 2025. The market was projected to increase at a CAGR of 6.4% in the first half (H1) of 2024. However, in the second half (H2), there is a noticeable increase in the growth rate.
| Particular | Value CAGR |
|---|---|
| H1 (2024 to 2034) | 6.4% |
| H2 (2024 to 2034) | 6.7% |
| H1 (2025 to 2035) | 6.3% |
| H2 (2025 to 2035) | 6.9% |
Moving into the subsequent period, from H1 2025 to H2 2025, the CAGR is projected as 6.3% in the first half and estimated to grow to 6.9% in the second half. In the first half (H1) the market witnessed a decrease of 10 BPS while in the second half (H2), the market showcased an increase of 20 BPS.
Rising Infrastructure Development Investments by Governments to Fuel Demand
Governments of different countries are focusing on developing the infrastructure by introducing new projects. They are also providing momentum to the existing projects for constructing roads, bridges, power plants, and commercial or residential buildings. This is set to be driven by heavy allocations of funds in the yearly budget plans of the government.
For instance, according to the International Energy Agency (IEA), the global power sector investment accounted for USD 775 billion in 2023, with China witnessing the most prominent growth in the power utility sector.
China's 14th Five-year Plan emphasizes new infrastructure projects, which has further led to increasing investments of funds in infrastructure growth. The Belt and Road Initiative, known as the New Silk Road in China, is a global infrastructure development strategy adopted by the country’s government in 2013.
The initiative aims to invest in more than 150 countries and international organizations. Apart from this, the Bipartisan Infrastructure Law introduced by the United States government in 2021 is planning to invest around USD 1.2 trillion in federal funds toward energy, transportation, and climate infrastructure projects over the next decade.
Considering the rising investments carried globally, demand for advanced cranes is expected to surge. This is projected to create lucrative growth opportunities for manufacturers and suppliers in the material-handling equipment industry.
Surging Demand for Affordable Housing and Commercial Spaces Boosts Growth
The global construction industry output witnessed a y-o-y growth of 3.4% in 2023, indicating post-pandemic recovery. In 2024, the trend is likely to stabilize and the sector is anticipated to witness 3.1% y-o-y growth. Emerging and established economies are set to reflect 4% and 2.3% growth rates, respectively.
Rapid urbanization and the resulting construction boom in countries like China, Japan, and India have a significant contribution to the growth of mobile cranes in East Asia and South Asia. The need for versatile and maneuverable material handling equipment is projected to rise in the future.
Such equipment is needed to navigate through congested and narrow streets in cities and hard-to-access areas in rural places. This type of requirement has made cranes an essential tool for new construction projects. The rising demand for affordable housing, commercial buildings, and industrial facilities in emerging economies is another significant growth driver.
The trend toward urban sprawl, particularly in emerging countries is projected to bolster demand. Apart from that, surging construction activities, including residential, commercial, and industrial projects, to cater to the needs of the growing urban population are fueling demand for material lifting equipment like mobile cranes.
Shift toward Hybrid and Electric Models to Present New Opportunities
Rising environmental concerns have compelled crane manufacturers to reduce emissions and improve the efficiency of these machines. This has turned the attention of manufacturers to developing electrically powered cranes that would completely minimize the risk of emissions and reduce dependency on traditional fuel sources.
Promoting the initiative of an electric power train, in February 2021, Italy-based Manitex Valla launched the V110 R Electric Mobile Crane. It is a remote-controlled model with an 11-ton lifting capacity and a 10.4-meter boom height.
The shift toward hybrid and electric cranes is not limited to new product development. Existing crane models are also being retrofitted with hybrid or electric power systems to meet the growing demand for environmentally friendly equipment. This trend is particularly prevalent in regions with strict environmental regulations, such as Europe and North America.
Adoption of GPS and Telematics Technology to be Key Trends
Global positioning system (GPS) tracking and telematics solutions are revolutionizing the management of mobile crane fleets. As these technologies provide real-time visibility of crane location and operational statuses, these help in enabling efficient deployment and reducing idle time.
For instance, Kentucky-based Lents Crane & Rigging uses GPS integration to coordinate multiple cranes effectively on large projects. These help in optimizing positions and improving load management for quick project completion.
Telematics solutions like Terex Corporation's T-Link platform offer insights by monitoring crane usage, performance metrics, and maintenance needs in real time. Manufacturers are responding to industry demands by integrating GPS and telematics capabilities into new crane models. They are looking to enhance operational efficiency and support maintenance practices to minimize downtime and costs.
Adherence to Regional and International Standards to Surge Complexity
Compliance with regulations set by organizations like the Occupational Safety and Health Administration (OSHA) and the American National Standards Institute (ANSI) in the United States has become mandatory for mobile crane manufacturers. Similarly, in Europe, the EN 13000 standard specifies requirements for the design, construction, and installation of safety devices. It also provides information for the use, maintenance, and testing of cranes.
Such diversity of regulations across different countries and regions has created complexities for crane manufacturers. It has also increased the time and resources needed for market entry.
Adhering to these stringent safety standards has pushed the complexity and cost of manufacturing mobile cranes. Manufacturers must invest in advanced testing equipment, rigorous quality control processes, and extensive documentation to prove compliance.
Tier 1 companies comprise players with a revenue of above USD 1,000 million. They are currently capturing a significant share of 70 to 75% in the global market. The players are characterized by high production capacity and a wide product portfolio.
The industry leaders are distinguished by an extensive expertise in manufacturing different types of cranes and a broad geographical reach, underpinned by a robust consumer base. They provide a wide range of products by utilizing the latest technology and meeting regulatory standards. Prominent companies within Tier 1 include Liebherr Group, Terex Corporation, Tadano Ltd, and Zoomlion Heavy Industry Science and Technology Co., Ltd.
Tier 2 companies include mid-sized players with revenue of below USD 1,000 million. These have their presence in specific regions and are highly influencing the local industry. These are characterized by a strong presence overseas and good industry knowledge.
The players ensure regulatory compliance but may not have advanced technology and a wide global reach. Prominent companies in Tier 2 include Sany Heavy Industry Co., Ltd., KATO WORKS CO., LTD., The Manitowoc Company, Inc., and Sarens N.V./S.A.
The section below covers the industry analysis for mobile crane sales in different countries. China is anticipated to be at the forefront in East Asia, with a value share of around 70% in 2035. In South Asia, India is projected to witness a CAGR of around 7.3% through 2035.
The country-wise analysis shows that India and the Kingdom of Saudi Arabia are leading with the most prominent CAGRs. This is mainly driven by increased infrastructure development, a rise in shipping port operations, and an upsurge in mining activities.
China, also known as a hub of manufacturers, continues its robust expansion with a CAGR of 6.5%. The United States and Germany, among the developed countries, are experiencing rapid growth in multiple sectors like automotive, marine, defense, and aerospace. These countries are predicted to contribute around 10% of the share by 2035.
| Countries | CAGR 2025 to 2035 |
|---|---|
| India | 7.3% |
| Kingdom of Saudi Arabia | 7.1% |
| Germany | 6.9% |
| China | 6.5% |
| United States | 5.2% |
Sales of mobile cranes in the Kingdom of Saudi Arabia are projected to reach USD 881.7 million and are estimated to grow at a 7.1% CAGR by 2035. Significant growth and investments in Saudi Arabia's port infrastructure are anticipated to boost demand.
The investments are mainly highlighted by a 9% increase in container handling in 2023 and ongoing developments such as the USD 133.2 million logistics park at Jeddah Islamic Port. With the expansion of port operations, demand for these cranes with capacities suitable for handling heavy cargo containers and supporting logistics operations is expected to rise. This development signifies the important role mobile cranes play in enhancing efficiency and throughput in Saudi Arabia's proliferating maritime sector.
Sales in India are projected to reach USD 1,504.6 million by 2035. Over the forecast period, demand for cranes in the automotive industry across India is predicted to grow at a 7.3% CAGR.
The Government of India has undertaken extensive infrastructure initiatives to transform urban and transport sectors across the nation. These include the Urban Infrastructure Development Fund (UIDF) for Tier 2 and Tier 3 cities, the Sagarmala Program to enhance ports and coastal communities, and the Bharatmala Pariyojana focusing on highway development, notably the Delhi-Mumbai super-highway.
Along with these, there are significant investments in airport infrastructure and urban redevelopment through the Smart Cities Mission and the initiative of the AMRUT (Atal Mission for Rejuvenation and Urban Transformation) project. Such focused moves in India are set to drive demand for material handling equipment, particularly mobile cranes.
The cranes are known for high adaptability, mobility, and lifting capacity features. These are anticipated to be crucial in construction projects. Amid the ongoing and future infrastructure development endeavors in India, the market stands to benefit substantially, offering robust growth opportunities during the forecast period.
Sales of mobile cranes in the United States are projected to reach USD 2,632.8 million and grow at a CAGR of 5.2% through 2035. Promoting the use of these cranes to improve the efficiency of material handling processes in the transportation and logistics industry is a key factor driving the country.
The adaptable equipment plays a crucial role in raising and moving heavy loads necessary for logistics operations in different industries. There is a strong demand for mobile cranes in the United States with growth driven by infrastructure projects and industrial developments.
The focus on improving logistics capabilities with modern material handling equipment highlights the industry's dedication to increasing operational efficiency and satisfying customer needs. These cranes are projected to be essential assets in the modern logistics landscape. These are also anticipated to aid in the smooth movement of materials as logistics networks broaden to support e-commerce and global trade.
Key companies manufacturing mobile cranes moderately consolidate the market with about 70 to 75% share. These companies are focusing on broadening their footprint, embracing eco-friendly production methods, and advancing existing technology.
Customer satisfaction is anticipated to be the top priority for key companies. Hence, they are focusing on tailoring machines to meet diverse industry needs. These companies are striving to engage in partnerships and collaborations to remain at the forefront of the sector.
Industry Updates
| Report Attributes | Details |
|---|---|
| Market Size (2025E) | USD 18.9 billion |
| Projected Market Size (2035F) | USD 35.2 billion |
| CAGR (2025 to 2035) | 6.7% |
| Base Year for Estimation | 2024 |
| Historical Period | 2020 to 2024 |
| Projection Period | 2025 to 2035 |
| Quantitative Units | USD billion for Value |
| Product Type (Segment 1) | Truck-Mounted Cranes, Trailer-Mounted Cranes, Crawler Cranes |
| Capacity (Segment 2) | Up to 10 tons, 11 to 50 tons, Above 50 tons |
| Propulsion (Segment 3) | Internal Combustion Engine Cranes, Electric Cranes |
| End-Use (Segment 4) | Construction and Mining, Industrial, Ports and Shipping, Utilities, Oil and Gas, Transport and Logistics, Others |
| Regions Covered | North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Middle East and Africa |
| Countries Covered | United States, Canada, Mexico, Brazil, Germany, UK, France, China, Japan, India, ASEAN Countries, GCC Countries, South Africa |
| Key Players Influencing the Market | Liebherr Group, Terex Corporation, Tadano Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., XCMG Construction Machinery Co., Ltd., Sany Heavy Industry Co., Ltd., KATO WORKS CO., LTD., Kobelco Construction Machinery Co., Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd., The Manitowoc Company, Inc., Konecranes, PALFINGER AG, Sarens n.v./s.a., Altec Industries, Bauer Group |
| Additional Attributes | Dollar sales, share, adoption of electric cranes for sustainability, growth in infrastructure projects, increased mining activities, technological advancements in crane automation and safety systems |
By product type, the sector is categorized into truck-mounted cranes, trailer-mounted cranes, and crawler cranes.
In terms of capacity, the industry is classified into up to 10 tons, 11 to 50 tons, and above 50 tons.
The propulsion category is classified into internal combustion engine cranes and electric cranes.
Based on end-use, the sector is categorized into construction and mining, industrial, ports and shipping, utilities, oil and gas, transport and logistics, and others.
The leading regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
The market was valued at USD 17.7 billion in 2024.
The market is set to reach USD 18.9 billion in 2025.
Rising construction activities and need for efficient material handling process.
The demand is projected to reach USD 35.2 billion by 2035.
Truck-mounted mobile cranes are expected to lead.
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