The growth of the truck mounted knuckle boom cranes market is expected to continue, as organizations increasingly adopt flexible and efficient lifting equipment to cater to their needs. Featuring articulated arms and a compact design, knuckle boom cranes provide improved manoeuvrability and efficiency during material handling applications.
The market is anticipated to be worth nearly USD 1,584 million in 2025. It is estimated to hit approximately USD 2,581 million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.0%.
| Metric | Value |
|---|---|
| Market Size in 2025 | USD 1,584 million |
| Projected Market Size in 2035 | USD 2,581 million |
| CAGR (2025 to 2035) | 5.0% |
The technological advancement in control technologies and hydraulic systems favours the growth of the market which helps to enhance operational performance and safety. This improvement in the efficiency of the products and systems along with the predictive maintenance capabilities are made possible through the IoT-based solutions and telematics that allow you to monitor things right away. Furthermore, sustainable construction practices, the exploration of electric and hybrid drive systems will also provide growth opportunities in the market.
Due to continuous infrastructure projects, urban redevelopment, and extension of utility services, North America continues to be a considerable market for truck mounted knuckle boom cranes. Heavy investments in construction and energy sectors in the United States and Canada are driving the demand for efficient lifting equipment. Moreover, the presence of advanced technologies and strict safety regulations also contribute to the growth of the market in this region.
Europe has a solid market position due to construction and industrial activities in leading markets like Germany, France and the UK. The increased focus on sustainable construction methods and works on outdated infrastructure add to the need for versatile and efficient lifting solutions. Moreover, a number of key players are present in this region, which further supports the market owing to technological advancements.
The Asia-Pacific region is expected to grow at the highest rate owing to rapid urbanization, industrialization, and infrastructure development in China, India, Japan, and other key economies. Construction, logistics and utility sectors have all expanded driving the demand for truck mounted knuckle boom cranes. Supporting measures in this region, including government initiatives to improve infrastructure and improve foreign investments, further drive the market growth.
High Initial Investment, Maintenance Costs, and Skilled Operator Shortage
This market is dealing with the upfront cost of investing in advanced knuckle boom cranes as well as additional maintenance costs. However, lack of skilled operators who can use advanced equipment is expected to hamper the market growth. Manufacturers and end-users also face a challenge in complying with regional safety and emission regulations.
Technological Advancements, Electrification, and Emerging Markets
They also point out that there are opportunities in performance and efficiency through advances in hydraulic systems, control technologies and telematics integration. The trend to electrification and hybrid systems respond to a need for greater sustainability globally and is a potential area of growth.
Additionally, developing economies with growing infrastructure projects and industrial activities can create lucrative opportunities for market growth.
During 2020 to 2024 market sustained a steady growth on account of infrastructure development, coupled with digitalization and the need for efficient material handling solutions. Market dynamics were emerging in the adoption of advanced technologies along with the focus on safety and sustainability. Still, barriers like steep cost and skilled operators remained.
Market is expected to see many changes from 2025 to 2035, such as increasing adoption of electric & hybrid knuckle boom cranes, integration of IoT and telematics for real-time monitoring, evolving automation and control systems.
The truck mounted knuckle boom cranes market will be driven to innovations through a focus on sustainability and efficiency, and the emerging markets will be an instrumental part of the global expansion of the truck mounted knuckle boom cranes market.
Market Shifts: A Comparative Analysis 2020 to 2024 vs. 2025 to 2035
| Market Shift | 2020 to 2024 Trends |
|---|---|
| Regulatory Landscape | Compliance with commercial vehicle safety standards and crane stability guidelines. |
| Consumer Trends | Rising demand for compact, flexible cranes for use in urban infrastructure and roadside utilities. |
| Industry Adoption | Adoption in general construction, roadwork maintenance, and telecommunication tower setup. |
| Supply Chain and Sourcing | Reliance on global OEMs for hydraulic systems and boom components. |
| Market Competition | Dominated by OEMs such as Palfinger, Hiab, and PM Group. |
| Market Growth Drivers | Boosted by construction recovery, municipal fleet upgrades, and need for versatile on-road lifting tools. |
| Sustainability and Environmental Impact | Growing interest in fuel-efficient engines and hydraulic oil recycling. |
| Integration of Smart Technologies | Early-stage integration of load sensors and stability monitors. |
| Advancements in Equipment Design | Improvements in load capacity, folding arm reach, and outrigger systems. |
| Market Shift | 2025 to 2035 Projections |
|---|---|
| Regulatory Landscape | Introduction of stricter emissions norms, mandatory operator safety tech, and lifting operation certifications. |
| Consumer Trends | Shift toward cranes with higher automation, remote operation capabilities, and fuel-efficient hybrid lifting systems. |
| Industry Adoption | Expansion into modular housing, offshore logistics, and renewable energy infrastructure installation. |
| Supply Chain and Sourcing | Shift toward regional manufacturing hubs and localized sourcing for improved lead times and compliance with origin rules. |
| Market Competition | Entry of niche players offering smart knuckle boom systems tailored for electric utility and confined space operations. |
| Market Growth Drivers | Driven by demand for space-saving lifting solutions, autonomous crane control, and green fleet procurement. |
| Sustainability and Environmental Impact | Transition to electric PTOs, eco-friendly hydraulic fluids, and cranes mounted on hybrid/electric truck platforms. |
| Integration of Smart Technologies | Growth in AI-assisted lifting path planning, telematics-driven fleet tracking, and operator training via VR modules. |
| Advancements in Equipment Design | Development of modular boom assemblies, electric actuator arms, and in-cab smart control interfaces. |
The infrastructure upgrades as well as urban redevelopment projects in the United States have also contributed to the steady growth of the truck mounted knuckle boom cranes market. Because their small form factor allows manoeuvrability in tight spaces and their multi-functional capabilities, contractors and municipalities love these cranes.
Fleet modernization and safety improvements are driving mass adoption of advanced control systems and hybrid models. Increasing investment in utility and telecom infrastructure will also underpin longer-term demand.
| Country | CAGR (2025 to 2035) |
|---|---|
| USA | 4.9% |
In the UK, truck mounted knuckle boom cranes are an indispensable working tool when it comes to dense city environments and utility maintenance. Smart infrastructure initiatives along with a significant focus on workplace safety compliance are supporting the demand. Moreover, crane rental businesses are replacing their fleets with smaller versions that enable remote operability and lower fuel use to meet green goals.
| Country | CAGR (2025 to 2035) |
|---|---|
| UK | 5.5% |
Bursting the seams, the EU market is becoming a hotbed of regulations surrounding machinery emissions, operator certification, and noise pollution. Fleet electrification and sustainable construction practices are doing well with leaders being countries like Germany, France and the Netherlands. These trends are also driving demand for electric and hybrid truck mounted knuckle boom trucks integrated with AI-based monitoring systems and lightweight, durable booms
| Country | CAGR (2025 to 2035) |
|---|---|
| European Union (EU) | 4.7% |
Truck Mounted Knuckle Boom Cranes are being adopted in Japan's mature infrastructure sector for niche applications such as smart building systems, bridge maintenance, and public utility repairs. Its priority in space efficiency, precision and quiet operation has pushed the country’s market toward compact, highly automated crane units here. Integration with GPS and anti-sway systems are also becoming more widespread.
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 5.6% |
Demand for truck mounted knuckle boom cranes in South Korea is increasing alongside smart city projects and offshore infrastructure efforts. These cranes are highly valued for their performance in rugged and urban setting. As more investment flows into the expansion of telecom and electrification of service fleets, uptake of greener and smaller crane models is accelerating.
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 5.4% |
| By Capacity | Market Share (2025) |
|---|---|
| Heavy Duty Cranes | 47% |
Among various types of knuckle boom cranes, heavy duty truck mounted are estimated to continue leading in demand through 2025, accounting for 47% of total demand. With high lifting capacity as well as height reach make them indispensable in applications like assembly of wind turbines, construction of bridges, and development of larger scale infrastructure.
Heavy-duty cranes are routinely utilized to arrange massive devices in extreme weather conditions and off-road conditions in the oil sands location of Alberta, Canada, demonstrating their versatility as well as strength.
Meanwhile, small and medium-duty cranes are ideal for tasks like landscaping and utility maintenance, but do not have the power and precision needed of an industrial-grade crane. Heavy-duty versions are still atop the list for businesses looking for consistent high-load capabilities, enhanced payload control through hydraulic articulation.
| By End-Use Industry | Market Share (2025) |
|---|---|
| Construction | 52% |
The construction sector is projected to hold a 52% share of the total market in 2025, led by increasing investments in urban infrastructure and transportation projects in both developed and developing economies. For example, in Southeast Asia, governments are aggressively upgrading roads and bridge networks, creating a strong demand for knuckle boom cranes that can handle critical loads in limited job site conditions.
These cranes are mounted directly atop trucks and allow contractors, for example, to lift and transport materials in a single trip minimizing logistical lags. Their compact folding design also makes them practical for inner-city runs where space is tight. Other end-use industries such as mining and oil & gas trail closely but in a relatively limited manner as they mainly utilize heavy-duty variants for specific operations.
The truck mounted knuckle boom cranes market is growing at a consistent pace due to increased demand for efficient and adaptable material handling solutions in utility, mining, logistics, and construction sectors. The cranes are more agile, simpler to keep in a small space, and very adaptable, and therefore ideal for urban and off-site utilization.
Growing infrastructure development, especially in developing nations, generates demand. Europe takes the lead in adoption as a result of rigorous safety regulations and advanced usage. They are restrictive, though, because of high initial outlays and maintenance. Market players are counting on innovation in the way of remote control, load sensing, and hybrids to contend and address various end-user requirements.
Market Share Analysis by Company
| Company Name | Estimated Market Share (%) |
|---|---|
| Palfinger AG | 20-25% |
| Hiab (Cargotec Corporation) | 15-20% |
| Fassi Gru S.p.A | 10-15% |
| Effer S.p.A (Hiab) | 8-12% |
| PM Group S.p.A | 5-8% |
| Other Companies (combined) | 20-30% |
| Company Name | Key Offerings/Activities |
|---|---|
| Palfinger AG | In 2024 , introduced the PK 58.002 TEC 7, a knuckle boom crane with enhanced lifting capacity and intelligent control systems. In 2025, expanded its service network in North America to provide comprehensive support and training for operators. |
| Hiab (Cargotec Corporation) | Introduced the HIAB X-HiPro 232 with advanced safety features and remote monitoring capability in 2024. Together with electric truck manufacturers for fully integrated, eco-friendly lifting solutions in 2025. |
| Fassi Gru S.p.A | In 2024 , presented the F395A e-dynamic model focused on a lightweight design and increased payload capacity In 2025, aiming to grow its footprint in the Asia-Pacific region via partnerships. |
| Effer S.p.A (Hiab) | Launched the 1000 model in 2024 , a severe-service knuckle boom crane designed to do the heavy lifting when the load complexity requires a heavy-duty crane. In 2023 May: invested PARIFT of Slovenia for crane automation and user interface for research and development. |
| PM Group S.p.A | In 2024 , introduced the PM 50.5 SP, featuring a new stabilization system for improved safety. In 2025, expanded its dealer network in Latin America to better serve the growing construction sector. |
Key Company Insights
Palfinger AG (20-25%)
Palfinger has been leading the market with a continuous focus on innovation, offering cranes with intelligent control systems with high lifting capacities. Their expanded service networks improve both customer support and operator training.
Hiab (Cargotec Corporation) (15 to 20%)
Hiab emphasizes safety and connectivity, integrating advanced monitoring capabilities into their cranes. Collaborations with electric vehicle manufacturers position them at the forefront of sustainable lifting solutions.
Fassi Gru S.p.A (10-15%)
Fassi specializes in lightweight configurations to maximize payload while maintaining strength. Their strategic penetration method used to enter to Asia-pacific market show their broader vision for the global expansion.
Effer S.p.A (Hiab) (8-12%)
Effer specializes in heavy-duty cranes tailored for complex operations, investing in automation and user-friendly interfaces to enhance operational efficiency.
PM Group S.p.A (5-8%)
PM Group prioritizes safety innovations, such as advanced stabilization systems, and is actively expanding its footprint in emerging markets like Latin America.
Other Key Players (20-30% Combined)
The market was valued at approximately USD 1,584 million in 2025.
The market is projected to reach around USD 2,581 million by 2035.
Key drivers include the increasing demand for versatile and efficient lifting equipment in construction and material handling industries, as well as advancements in crane technology enhancing operational efficiency.
Specific country contributions are not detailed in the available sources.
The heavy duty cranes segment holds a significant market share, driven by their widespread use in various industries due to their flexibility and efficiency.
Explore Specialty Vehicles Insights
Truck Mounted Knuckle Boom Cranes Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
