All-Terrain Crane Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The All-Terrain Crane Market has been segmented by Capacity type (Less than 200 Ton, 200 - 500 Ton, More than 500 Ton), Application (Construction, Industries, Utilities, Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

All-Terrain Crane Industry Overview

All-Terrain Crane Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: Europe
CAGR: > 5 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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All-Terrain Crane Market Analysis

The All-Terrain Crane Market is expected to register a CAGR of over 5% during the forecast period, 2022-2027.

During the outbreak of the COVID-19 pandemic, the market was hit adversely because of the disruptions caused in the supply chain as several major economies of the world were forced into lockdown, and economic activities were halted during this period. All the manufacturing units and OEM plants stopped their production to adhere to the social distancing norms and restrict the spread of the virus. The demand for All-Terrain Crane also fell drastically during this period. Yet, with the gradual opening up of economies, the demand returned to the market, and markets like China and India witnessed massive demand for All-Terrain Crane.

  • The general construction and transportation sectors are coming back into force with many projects, which are anticipated to positively impact the all-terrain crane market. For the most part, emerging economies contribute to this difference, where both the construction and the retrofit market are growing at a significantly higher pace. The developed economies will also likely demand up-gradation of all-terrain cranes over the forecast period.
  • However, the high maintenance cost and the high initial investments required are the factors that may hamper the growth of the market. As the equipment rental market is growing around the globe, it will affect the sales of the new all-terrain crane market.
  • Whereas, due to declining liquidity in the non-bank financial sector, a decline in new residential projects launched across the globe, and the impact of COVID-19 are significantly affecting the growth of the all-terrain crane market, which in turn is expected to affect the demand of newer cranes.

The Europe region is the largest market for all-terrain cranes in the world. Despite the Chinese market experiencing sluggish growth, Asia-Pacific is the fastest growing market for all-terrain crane

All-Terrain Crane Industry Segments

All-terrain cranes are versatile cranes with highway speed capacity and maneuverability, ideal for both on and off-road construction and industrial projects. All-terrain cranes can access confined job sites with all-wheel steering.

All-Terrain Crane Market has been segmented by Capacity type (Less than 200 Ton, 200 - 500 Ton, More than 500 Ton). The market is also segmented by application (Construction, Industries, Utilities, Others). Another segmentation is by geography (North America, Europe, Asia-Pacific, and Rest of the world).

For each segment, market sizing and forecast have been done on the basis of value (in USD billion).

By Capacity Type
Less than 200 Tons
200 - 500 Tons
More than 500 Tons
By Application
By Geography
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
United Arab Emirates
Other Countries

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All-Terrain Crane Market Trends

This section covers the major market trends shaping the All-Terrain Crane Market according to our research experts:

Construction is Driving the All -Terrain Crane Market

According to the American Society of Civil Engineers, it will take approximately USD 4 trillion to repair the current state of the US infrastructure by 2025. Furthermore, growth in the construction sector across the globe and the increase in investments in infrastructure development will propel market growth. The adoption of all-terrain cranes is anticipated to accelerate due to the expansion of cement plants and the increased business potential of shipbuilding/repair.

Major players in the market are launching new all-terrain cranes with the latest technologies. For instance, In May 2022, Tadano launched the first of its new line of all-terrain cranes to combine the manufacturing expertise of its Zweibrücken and Lauf factories in Germany.

Furthermore, the growing competition in the construction market is expected to further drive the crane rental rates resulting in the overall growth of all-terrain crane revenue share. Renting and leasing of all-terrain cranes is on the rise. Buying new equipment involves high cost, maintenance, and storage-related issues. Renting is becoming a viable possibility for newer businesses as well. In fact, for short-term construction applications, renting machinery has been preferable to a new purchase among construction contractors, as renting allows optimum utilization of the machinery.

key market trend 1

Europe is the Leading the All-Terrain Crane Market

According to the EU Cohesion Policy, around EUR 4 billion of EU funds will be invested in 25 large infrastructure projects in 10 Member States. The investment package will be distributed among Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal, and Romania. The projects cover a wide range of projects related to health, transport, research, environment, and energy.

Whereas, 2021 turned out to be a good year for the European construction equipment sector, with total sales in Europe growing by more than 4% compared with the previous year.

Moreover, in 2020, the COVID 19 pandemic affected the all-terrain crane market as it saw a halt in sales; nevertheless, the construction industry is getting smarter with improved digitalization, connectivity, and many European countries have already resumed their road and construction activities.

key market trend 2

All-Terrain Crane Market Competitor Analysis

The All-Terrain Crane Market is dominated by various international and regional players such as Liebherr-International AG, Terex Corporation, and XCMG. Major players in the all-terrain crane market are adding new cranes to their portfolio to stay ahead of their competitors. For instance,

  • In May 2022, Manitowoc expanded its Grove truck crane offering with the new four-axle TTS9000-2, boasting all-wheel steering and an impressively long boom on a lightweight carrier. Much of the improved design comes from Manitowoc’s Voice of the Customer process, which uses consumer insights to improve engineering work and product development.
  • In May 2021, The world's first licensable electric truck crane, STC250HBEV from SANY, was introduced to the market.
  • In July 2020, XCMG launched 750 tonnes XCA750 eight-axle all-terrain crane. This crane comes with a seven-section 92-meter main boom, topped by a heavy-duty hydraulically erected wind turbine extension specifically designed for wind turbine repair and maintenance work.
  • In CON EXPO 2020, Liebherr launched LTM 1120-4.1, its most powerful four-axle all-terrain crane. Compay will start deliveries of the new LTM 1120-4.1 in January 2021.

All-Terrain Crane Market Top Players

  1. Liebherr-International AG

  2. Terex Corporation

  3. XCMG Group

  4. Sany Heavy Industry Co., Ltd

  5. Manitowoc

*Disclaimer: Major Players sorted in no particular order

Liebherr-International AG, Terex Corporation, XCMG Group, Sany Heavy Industry Co., Ltd, Manitowoc

All-Terrain Crane Market Recent Developments

  • In April 2022, Terex announced the acquisition of Steelweld, a manufacturer of heavy fabrications based in Northern Ireland. The purchase of Steelweld supports Materials Processing's growth strategy by increasing fabrication capabilities in Northern Ireland.
  • In Feb 2022, NORWALK announced its Series B investment in Viatec, Inc., a South Carolina-based manufacturer of plug-and-play electronic power take-off ("PTO") systems that support the electrification of utility fleets.
  • In Oct 2021, Manufacturer Manitowoc launched two new all-terrain cranes, the Grove GMK5120L and the Grove GMK5150XL, at the company’s Wilhelmshaven facility in Northern Germany.

All-Terrain Crane Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Capacity Type

      1. 5.1.1 Less than 200 Tons

      2. 5.1.2 200 - 500 Tons

      3. 5.1.3 More than 500 Tons

    2. 5.2 By Application

      1. 5.2.1 Construction

      2. 5.2.2 Industries

      3. 5.2.3 Utilities

      4. 5.2.4 Others

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. Brazil

        2. Mexico

        3. United Arab Emirates

        4. Other Countries


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Sany Heavy Industry Co., Ltd

      2. 6.2.2 Manitowoc

      3. 6.2.3 Terex Corporation

      4. 6.2.4 Liebherr-International AG

      5. 6.2.5 Tadano Limited

      6. 6.2.6 Zoomlion Heavy Industry Science and Technology Co. Ltd.

      7. 6.2.7 Kobelco Cranes Co. Ltd

      8. 6.2.8 Manitex International Inc

      9. 6.2.9 Hitachi Sumitomo Heavy Industries Construction Cranes Co. Ltd.

      10. 6.2.10 XCMG Group


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All-Terrain Crane Market Research FAQs

The All-Terrain Crane Market is studied from 2018 - 2028.

The All-Terrain Crane Market is growing at a CAGR of >5% over the next 5 years.

The All-Terrain Crane Market is valued at 1 Billion USD in 2018.

The All-Terrain Crane Market is valued at 2 Billion USD in 2028.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

Europe holds highest share in 2021.

Liebherr-International AG, Terex Corporation, XCMG Group, Sany Heavy Industry Co., Ltd, Manitowoc are the major companies operating in All-Terrain Crane Market.

All-Terrain Crane Industry Report

In-depth industry statistics and market share insights of the All-Terrain Crane Market sector for 2020, 2021, and 2022. The All-Terrain Crane Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the All-Terrain Crane Market report PDF.

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