Australia Mobile Cranes Rental Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Australia Mobile Cranes Rental Market is Segmented by Boom Type (Lattice Boom and Telescopic Boom), Carrier Type (Wheel Mounted and Track Mounted) and by Application Type (Construction, Mining & Excavation, Marine & Offshore, and Industrial)

Market Snapshot

Australia Mobile Cranes Rental Market_Overview
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %

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Market Overview

The Australia mobile crane rental market is expected to grow at a CAGR of over 5% during the forecasted period (2020 - 2025)

  • Australia is now encountering an apartment construction boom. The cranes are littering the horizons of Australia's biggest urban communities, especially in inner-city territories.
  • The construction industry holds significant share in the Australian economy. It is an industry that provides employment to 1.15 million Australians and had a turnover of USD 360 billion in 2019 accounting to 9% of GDP. Preference of mobile cranes on rental basis rather than purchasing is increasing due to low cost, this coupling with increasing investment in various construction industries is expected to drive the Australian mobile crane market growth.
  • The growth of construction industry was affected due to COVID-19 economic crisis. However this is expected to help the mobile crane rental market grow during the forecasted period as mobile crane rentals are cheaper and don’t require high initial investment for construction companies. Instability in the euro territory and financial instability in China pose dangers to the Australian economy, especially from the industrial sector. Drop in the Australian dollar value in the past has driven Australian enterprises to expand their presence in the market.

Scope of the report

The Australia mobile crane rental market covers the latest trends and technological developments in the market, demand by type, application, and share of major players across Australia.

Boom Type
Lattice Boom
Telescopic Boom
Carrier Type
Wheel Mounted
Track Mounted
Mining & Excavation
Marine & Offshore

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Key Market Trends

Australia’s Construction Activities are Declining

The construction activities in the country are rapidly declining. According to the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI), the sharp fall in residential building activity along with the drop in commercial construction and a slight dip in engineering construction saw construction sector performance in December 2018 record its steep monthly contraction since mid-2013. According to the Ai Group, the PCI dropped 1.9 points to 42.6 in December 2018, indicating a fourth consecutive month of decline and the sharpest rate of contraction in last five and a half years. All four construction sectors in the Australian PCI contracted in January 2019, with a further weakening in the house-building (down 1.9 points to 34.4) and apartment-building sectors (down 1.6 points to 24.9). Commercial construction was again subdued (down 0.5 points to 44.9) while engineering construction declined for a second month (down 3.2 points to 43.3).

Australia’s cities are under the strain of rapid growing population, the government is planning to invest USD 600bn in next 10 years for development. The government has planned 103 initiatives in the upcoming 10 years. Population growth offers economic opportunities for development of the infrastructure. Crane index of Australia is 735, a record high (Sydney 342, Melbourne 157, Brisbane 67, Perth 33, Gold coast 23, Canberra 17, Adelaide 15). This will open opportunities for rental construction equipment market as businesses prefer rental than owing equipment due to uncertainty of the growth of construction business and government investment.

Australia Mobile Crane Market_Key Market Trend1

Rise in Renting and Leasing Of Cranes

With the increasing magnitude of human endeavours, the capacity of mobile cranes is also increasing. With the advancement of technology, there are cranes that can lift extremely heavy weights. The mobile crane rental market is expected to expand, backed by recovery in oil prices and growth in the residential and commercial construction projects in metropolitan cities. The oil companies have scrambled to sell their underused cranes through auctions, leading to a glut in the crane market, consequently bringing down prices of cranes which most rental companies are purchasing.  The demand for fast-paced, environment-friendly and cost-effective cranes would drive the demand for cranes in this segment.

Mobile crane rentals help generate significant profits for the company while getting the job done without any hassle. Along with the maintenance and operating costs of ownership, there is a host of other expenses, such as insurance, government licensing fees, etc. These charges vary considerably along with the application. Renting is an inclusive price, but given that a rental company bears all the cost in an economical and efficient manner, the cost burden is fairly less. Thereby, for a short-term industrial application, renting the cranes is the preferred choice.

Australia Mobile Crane Rental Market_Key Market Trend2

Competitive Landscape

The Australis mobile crane rental market is neither fragmented nor consolidated. Significant players in this market are Coates Hire, W.O Grubb crane rental, Seven Group Holdings, Allcott Hire and Porter Group. 

On 20 Sep 2017, Seven Group Holdings LTD acquired Coaters hire comapny to expand their market foorprint. It has also acquired Boral company on June 13 2020. On 10 Aug 2018, Seven Group also started 40 million USD construction equipment manufacturing facility in Western Sydney.

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 Porters Five Force 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 Boom Type

      1. 5.1.1 Lattice Boom

      2. 5.1.2 Telescopic Boom

    2. 5.2 Carrier Type

      1. 5.2.1 Wheel Mounted

      2. 5.2.2 Track Mounted

    3. 5.3 Sector

      1. 5.3.1 Construction

      2. 5.3.2 Mining & Excavation

      3. 5.3.3 Marine & Offshore

      4. 5.3.4 Industrial


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Onsite Rental Group Ltd

      2. 6.2.2 Allcott Hire

      3. 6.2.3 Brooks Hire Sevice Pvt Ltd

      4. 6.2.4 Porter Group

      5. 6.2.5 Kennards Hide

      6. 6.2.6 Plantman Equipment

      7. 6.2.7 Salmon Earthmoving Services

      8. 6.2.8 Preston Hire


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Frequently Asked Questions

The Australia Mobile Cranes Rental Market market is studied from 2018 - 2026.

The Australia Mobile Cranes Rental Market is growing at a CAGR of >5% over the next 5 years.

Onsite Rental Group Ltd, Allcott Hire , Brooks Hire Sevice Pvt Ltd, Porter Group , Kennards Hire are the major companies operating in Australia Mobile Cranes Rental Market.

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