
Study Period | 2019 - 2030 |
Market Size (2025) | USD 45.32 Billion |
Market Size (2030) | USD 61.45 Billion |
CAGR (2025 - 2030) | 6.28 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Crane Market Analysis
The Crane Market size is estimated at USD 45.32 billion in 2025, and is expected to reach USD 61.45 billion by 2030, at a CAGR of 6.28% during the forecast period (2025-2030).
The crane industry is experiencing significant technological transformation driven by automation, digitalization, and sustainability initiatives. Leading manufacturers are heavily investing in research and development, exemplified by Palfinger's allocation of EUR 95.9 million (3.9% of revenue) to R&D in 2023, focusing on developing smart and connected crane systems. These innovations include advanced features like telematics, remote monitoring capabilities, and automated control systems that enhance operational efficiency while reducing human intervention in potentially hazardous environments. The integration of artificial intelligence and machine learning is enabling predictive maintenance capabilities, helping operators optimize performance and minimize downtime.
The market is witnessing a notable shift toward sustainable and environmentally conscious solutions, particularly in the realm of electrification. In early 2024, several manufacturers unveiled groundbreaking electric crane innovations, including Konecranes' electric harbor crane deployment in the Bahamas, NOV's pioneering electric subsea crane, and Hiab's expansion of its battery-powered HiPro series. This transition to electric powertrains represents a fundamental transformation in the crane industry's approach to reducing environmental impact while maintaining operational efficiency. The trend is particularly evident in urban construction projects and environmentally sensitive areas where noise and emission regulations are becoming increasingly stringent.
Major industry players are experiencing robust growth and securing significant orders, indicating strong market momentum. Liebherr Group achieved record revenue of EUR 14,042 million in 2023, with its mobile and crawler cranes segment alone generating EUR 3,452 million. The market's dynamism is further illustrated by substantial orders such as the Saudi Arabian company AMHEC's procurement of 55 all-terrain cranes from Liebherr in early 2024, representing the largest single order in the company's history. These developments reflect growing confidence in the crane market and increasing demand for advanced lifting equipment solutions.
Port modernization and automation are emerging as key drivers of innovation in the crane sector. A prime example is South Korea's Busan New Port, which recently inaugurated its first fully automated terminal featuring remotely operated ship-to-shore cranes. This trend toward automation is complemented by remarkable sales growth in specific segments, with XCMG reporting over a 100% increase in sales across all-terrain cranes, truck-mounted cranes, and port cranes. These developments underscore the industry's trajectory toward more efficient, automated operations that can handle increasing cargo volumes while maintaining high safety standards and operational efficiency.
Crane Market Trends
Infrastructure Developments Promoting the Growth of the Market
Infrastructure development continues to be a primary catalyst for the construction equipment market, driven by massive investments in transportation, urban development, and public facilities worldwide. In January 2024, the United States allocated USD 5 billion for the Investing in America agenda to support 37 projects through two major discretionary grant programs: the National Infrastructure Project Assistance (Mega) grant program and the Infrastructure for Rebuilding America (INFRA) grant program. The INFRA program, which received a more than 50% increase in funding from the Bipartisan Infrastructure Law, will focus on large-scale infrastructure projects, with more than half of the funded projects benefiting rural communities. Similarly, Germany's Federal Transport Infrastructure Plan 2030 entails a significant investment of USD 147.6 billion by the federal government into the country's road systems from 2016 to 2030, with USD 74.4 billion specifically designated for structural maintenance and infrastructure replacement.
India's ambitious infrastructure development plans are creating substantial demand for construction cranes, with the country possessing the second-largest road network globally, spanning 5.89 million km. The National Highways Authority of India (NHAI) plans to construct 25,000 km of national highways in 2022-23 at a pace of 50 km per day. Furthermore, NHAI intends to allocate 1,000-1,500 km of projects through the BOT model in the fiscal year 2023-24. Major construction projects worldwide include the USD 30 billion Texas Central High-Speed Rail Project, which received a crucial boost in April 2024, and China's record USD 1.2 trillion infrastructure spending plan announced in December 2023, which will involve numerous high-speed rail projects and highway construction initiatives. These large-scale infrastructure developments are driving the demand for various types of cranes, from mobile cranes and crawler cranes to tower cranes, essential for efficient project execution.
Shift Toward Renewable Energy to Govern the Growth of the Market
The global transition toward renewable energy has emerged as a significant driver for the construction crane market, particularly in the wind energy sector where specialized lifting equipment is essential for installation and maintenance operations. In November 2023, XCMG Machinery achieved a breakthrough in the alternative energy sector when their XGC28000 crawler crane played a crucial role in installing wind turbines for the first offshore floating wind power and aquaculture project on Nanri Island, China. This milestone demonstrates the increasing importance of specialized cranes in renewable energy infrastructure development. The demand for advanced crane solutions is further exemplified by Mammoet's February 2024 project, where they provided cutting-edge, fully electric cranes with a 1,600-ton lifting capacity, specifically designed to handle next-generation wind turbines exceeding 14 MW capacity.
The offshore wind sector is driving innovation in crane technology, as demonstrated by recent developments in 2024. In January, Seaonics secured an order for an electric ECMC 7-tonne 3D offshore crane for Norwind Offshore's commissioning service operation vessel, while NOV received an order for the industry's first electric subsea crane in February 2024. These developments highlight the growing emphasis on environmentally friendly lifting solutions in the renewable energy sector. Additionally, in October 2023, Mammoet achieved a significant milestone with the fabrication of initial components for the SK6000 ring crane, dubbed as the world's largest and highest-capacity electric crane, specifically designed to meet the demanding requirements of the expanding offshore wind industry. This trend toward specialized, high-capacity cranes for renewable energy applications is expected to continue as countries worldwide accelerate their transition to clean energy sources.
Segment Analysis: By Type
Mobile Crane Segment in Crane Market
The mobile crane segment has established itself as both the largest and fastest-growing segment in the global crane market, commanding approximately 49% of the total market share in 2024. This dominant position is primarily driven by the segment's versatility and efficiency in various applications, from construction sites to industrial facilities. The popularity of mobile cranes stems from their ability to navigate through different terrains and provide flexible lifting solutions across diverse project requirements. The segment's growth is further bolstered by technological advancements in crane design, including the integration of telematics, automation features, and enhanced safety systems. Recent developments in electric and hybrid mobile crane technologies have also contributed to the segment's expansion, particularly in regions with strict emission regulations. The segment's robust performance is supported by increasing infrastructure development projects worldwide, especially in emerging economies where rapid urbanization drives demand for versatile lifting solutions.

Remaining Segments in Crane Market
The fixed crane and marine crane segments represent significant portions of the global crane market, each serving distinct industrial needs. Fixed cranes, including tower cranes, monorail systems, and overhead track-mounted cranes, play a crucial role in long-term construction projects and permanent industrial installations. These cranes are particularly vital in high-rise construction and manufacturing facilities where consistent, reliable lifting operations are required. The marine and offshore crane segment, while smaller in market share, serves specialized applications in port operations, shipbuilding, and offshore energy installations. This segment has seen increased adoption due to the expansion of port infrastructure and the growing focus on offshore wind energy projects. Both segments continue to evolve with technological advancements, particularly in areas of automation, remote operation capabilities, and environmental sustainability.
Segment Analysis: By Application
Construction and Mining Segment in Crane Market
The Construction and Mining segment dominates the global crane market, commanding approximately 65% of the total market share in 2024. This substantial market presence is driven by extensive infrastructure development projects worldwide, including residential complexes, commercial buildings, bridges, and mining operations. The segment's dominance is particularly evident in emerging economies where rapid urbanization and industrialization necessitate heavy lifting equipment for construction activities. Major infrastructure initiatives, such as the United States' allocation of USD 5 billion for the Investing in America agenda in January 2024, continue to fuel the demand for cranes in this segment. The construction sector's requirements for various types of cranes, from tower cranes for high-rise buildings to crawler cranes for heavy civil engineering projects, further solidify its position as the market leader. Additionally, the mining industry's need for specialized lifting equipment for material handling and maintenance operations contributes significantly to this segment's market leadership.
Marine and Offshore Segment in Crane Market
The Marine and Offshore segment represents a crucial vertical in the crane market, with significant growth potential driven by expanding port infrastructure and offshore energy projects. This segment is witnessing substantial technological advancements, particularly in the development of specialized cranes for offshore wind farm installations and port operations. Recent developments include Arawak Port Development Limited's order of a Konecranes Gottwald ESP.6 mobile harbor crane in April 2024, highlighting the industry's shift towards electric and environmentally sustainable solutions. The segment's growth is further supported by increasing investments in port modernization projects and the rising demand for efficient cargo handling equipment. The expansion of international trade routes and the development of new ports and terminals across emerging economies continue to create opportunities for marine crane manufacturers.
Remaining Segments in Application Segmentation
The Industrial Application segment plays a vital role in the crane market, serving diverse sectors such as manufacturing, power generation, and general industrial operations. This segment is characterized by the demand for specialized lifting solutions, including overhead cranes and gantry cranes, which are essential for production facilities and warehouses. The segment's growth is driven by the increasing automation of industrial processes and the need for efficient material handling equipment. Recent innovations in this segment include the development of smart cranes with advanced control systems and safety features, as demonstrated by Konecranes' launch of its flagship X-series industrial crane in March 2024. The industrial segment continues to evolve with the integration of digital technologies and the growing emphasis on workplace safety and operational efficiency.
Crane Market Geography Segment Analysis
Crane Market in North America
The North American crane market demonstrates robust growth driven by significant infrastructure development and construction activities across the United States, Canada, and Mexico. The region's crane industry is characterized by the high adoption of advanced crane technologies, stringent safety regulations, and increasing demand for energy-efficient lifting solutions. The construction sector's recovery, particularly in residential and commercial segments, coupled with ongoing infrastructure modernization projects, continues to fuel the demand for various types of lifting equipment across the region.

Crane Market in United States
The United States dominates the North American crane market, holding approximately 76% of the regional crane market share in 2024. The country's crane industry benefits from substantial government investments in infrastructure development, including roads, bridges, and airports. The US market is particularly notable for its emphasis on technological advancement, with increasing adoption of automated and remote-controlled crane systems. The construction sector's continuous growth, coupled with expanding industrial activities and urbanization projects, maintains steady demand for construction equipment across various applications.
Crane Market in Canada
Canada emerges as the fastest-growing market in North America, with a projected growth rate of approximately 5.5% during 2024-2029. The country's crane market is driven by extensive infrastructure development initiatives and investments in residential and commercial construction projects. Canada's focus on sustainable development and environmental conservation has led to increased demand for energy-efficient crane solutions. The government's long-term infrastructure development plans and investments in transportation networks continue to create opportunities for crane manufacturers and service providers.
Crane Market in Europe
The European crane market showcases strong growth potential, supported by extensive construction activities and infrastructure development across Germany, the United Kingdom, France, and other European nations. The region's crane market is characterized by high technological adoption, strict safety standards, and an increasing focus on sustainable lifting solutions. The ongoing urbanization trends and renovation of aging infrastructure continue to drive demand for various crane types across the continent.
Crane Market in Germany
Germany maintains its position as the largest crane market in Europe, commanding approximately 39% of the regional crane market share in 2024. The country's market leadership is supported by its robust manufacturing sector, extensive infrastructure development projects, and technological innovation in crane design and operation. Germany's commitment to quality and precision engineering has established it as a key hub for crane manufacturing and development, attracting both domestic and international investments in the sector.
Crane Market in France
France demonstrates the highest growth potential in the European region, with a projected growth rate of approximately 5.4% during 2024-2029. The French crane market benefits from significant investments in sports facilities, public infrastructure, and renewable energy projects. The country's commitment to carbon neutrality by 2050 has spurred demand for environmentally friendly crane solutions. The government's focus on modernizing transportation infrastructure and expanding renewable energy capacity continues to create new opportunities for crane deployment.
Crane Market in Asia-Pacific
The Asia-Pacific crane market represents a dynamic and rapidly evolving landscape, encompassing major economies such as China, Japan, India, South Korea, and Australia. The region's crane market is driven by extensive urbanization, industrial development, and infrastructure expansion projects. The increasing adoption of advanced crane technologies and the growing focus on automation and safety features characterize the market's evolution across these countries.
Crane Market in China
China maintains its position as the dominant force in the Asia-Pacific crane market, driven by extensive infrastructure development projects and rapid urbanization. The country's construction sector continues to expand, supported by government initiatives and investments in both urban and rural development. China's focus on technological advancement and innovation in crane manufacturing has established it as a major hub for crane production and development in the region.
Crane Market in South Korea
South Korea emerges as the fastest-growing market in the Asia-Pacific region, driven by significant investments in manufacturing facilities and infrastructure development. The country's emphasis on technological innovation and automation in construction processes has created strong demand for advanced crane solutions. South Korea's strategic focus on port development and offshore projects continues to drive the adoption of specialized crane equipment.
Crane Market in Rest of the World
The Rest of the World region, encompassing the United Arab Emirates, Saudi Arabia, South Africa, and Brazil, presents diverse opportunities in the crane market. This region is characterized by significant investments in infrastructure development, particularly in the Middle Eastern countries, where construction activities remain robust. Saudi Arabia emerges as the largest market in this region, driven by ambitious infrastructure projects and urban development initiatives, while the United Arab Emirates shows the fastest growth potential, supported by continuous investments in construction and logistics sectors. The market in these regions is particularly influenced by large-scale development projects, including new cities, transportation infrastructure, and energy facilities.
Crane Industry Overview
Top Companies in Crane Market
The global crane market is led by established players like Liebherr-International AG, Konecranes PLC, Zoomlion, Shanghai Heavy Industries, and XCMG Group, who have demonstrated consistent innovation and market presence. These industry leaders are focusing on developing advanced technological solutions, including automation, telemetry, and remote operation capabilities, to enhance operational efficiency and safety standards. Companies are increasingly investing in research and development to create eco-friendly crane solutions, with a particular emphasis on electric and hybrid models to meet growing environmental concerns. Strategic expansions through dealership networks and regional partnerships have become crucial for maintaining crane market share, while the integration of smart technologies and IoT solutions is reshaping product offerings. The industry is witnessing a significant push towards digitalization, with manufacturers incorporating features like real-time monitoring, data analytics, and predictive maintenance capabilities to provide enhanced value to customers.
Market Structure Shows Dynamic Competitive Environment
The crane industry exhibits a complex competitive structure characterized by the presence of both global conglomerates and specialized regional players. Large multinational corporations like Liebherr and Konecranes dominate the global landscape through their extensive product portfolios, strong distribution networks, and significant technological capabilities, while regional specialists maintain competitive advantages in specific market segments or geographical areas. The industry has witnessed considerable consolidation through strategic acquisitions and partnerships, particularly in emerging markets, as companies seek to expand their geographical footprint and technological capabilities.
The market demonstrates varying levels of concentration across different regions, with established players holding stronger positions in developed markets, while emerging markets show more fragmentation and competitive diversity. Manufacturing capabilities, after-sales service networks, and technological expertise serve as significant barriers to entry, leading to a relatively concentrated market structure among top-tier players. Companies are increasingly focusing on vertical integration and strategic alliances to strengthen their market position, with particular emphasis on expanding service offerings and developing comprehensive solution packages for customers.
Innovation and Sustainability Drive Future Success
Success in the crane industry increasingly depends on companies' ability to innovate while maintaining operational efficiency and meeting sustainability goals. Market leaders are investing heavily in research and development to develop next-generation crane technologies, while also focusing on expanding their service networks and enhancing customer support capabilities. The ability to offer comprehensive solutions that combine advanced technology with reliable performance and strong after-sales support has become crucial for maintaining market share, while emerging players are finding opportunities through specialization in specific market segments or geographical regions.
Companies must navigate various challenges, including increasing end-user demands for sophisticated features, growing environmental regulations, and the need for continuous technological advancement. Success factors include the development of energy-efficient solutions, integration of digital technologies, and the ability to provide customized solutions for specific industry applications. The market shows relatively low substitution risk due to the specialized nature of crane applications, but regulatory requirements regarding safety standards and environmental impact are becoming increasingly stringent, requiring manufacturers to maintain high compliance standards while continuing to innovate and improve their offerings.
Crane Market Leaders
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Sany heavy Industry Co. Ltd.
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Xuzhou Construction Machinery Group Co., Ltd
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Zoomlion Heavy Industry Science and Technology Co., Ltd
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Konecranes Oyj
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Liebherr Group
- *Disclaimer: Major Players sorted in no particular order

Crane Market News
- April 2024: Manitex International announced the first deliveries of the PM 70.5 SP articulated truck-mounted crane. The new 70.5 SP articulated crane is the latest enhancement to PM Group’s 65 series of articulated cranes with applications for the global market. The 70.5 SP is multi-industry capable, serving heavy industrial, infrastructure, concrete and general construction. The new offering from PM Group was initially being sold in Europe and is to be made available in North America next year.
- April 2024: Arawak Port Development Limited (APD) ordered a Konecranes Gottwald ESP.6 mobile harbor crane to add substantial extra capacity to its terminal at the Port of Nassau. This crane will be the first at the port to run on mains power, which means zero emissions during operation. The crane was ordered in Q1 2024 and will be delivered in Q3 2024.
- February 2024: McGovern Crane Hire took delivery of a Liebherr MK 140-5.1, the latest variant of the original MK 140.
- September 2023: The first 65-tonne Terrex TRT 65 rough terrain crane to be delivered in Italy was delivered and sent to an engineering services company for work at a refinery. The new crane was delivered by Terex dealer Tecno-Gru under a long-term rental agreement to Welding Duebi, based in Fiesso Umbertiano, north of Ferrara in the Veneto region. The company performs engineering work for the oil and gas, petrochemical, and energy industries.
Crane Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Growing Infrastructure Development
- 4.1.2 Industrial Growth
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4.2 Market Challenges
- 4.2.1 Economic Volatility
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Mobile Crane
- 5.1.1.1 All-terrain Crane
- 5.1.1.2 Rough Terrain Crane
- 5.1.1.3 Crawler Crane
- 5.1.1.4 Truck-mounted Crane
- 5.1.1.5 Other Mobile Cranes
- 5.1.2 Fixed Crane
- 5.1.2.1 Monorail and Underhung
- 5.1.2.2 Overhead Track-mounted Crane
- 5.1.2.3 Tower Crane
- 5.1.3 Marine and Offshore Crane
- 5.1.3.1 Mobile Harbor Crane
- 5.1.3.2 Fixed Harbor Crane
- 5.1.3.3 Offshore
- 5.1.3.4 Ship Crane
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5.2 By Application Type
- 5.2.1 Construction and Mining
- 5.2.2 Marine and Offshore
- 5.2.3 Industrial Applications
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 South Korea
- 5.3.3.5 Australia
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Rest of the World
- 5.3.4.1 United Arab Emirates
- 5.3.4.2 Saudi Arabia
- 5.3.4.3 South Africa
- 5.3.4.4 Brazil
- 5.3.4.5 Other Countries
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share**
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6.2 Company Profiles
- 6.2.1 Konecranes PLC
- 6.2.2 Cargotec OYJ
- 6.2.3 Manitowoc
- 6.2.4 Terex Corporation
- 6.2.5 Tadano Limited
- 6.2.6 Kobelco Cranes Co. Ltd
- 6.2.7 Palfinger AG
- 6.2.8 Liebherr-International AG
- 6.2.9 Zoomlion Heavy Industry Science and Technology Co. Ltd
- 6.2.10 Favelle Favco Group
- 6.2.11 Hitachi Sumitomo Heavy Industries Construction Cranes Co. Ltd
- 6.2.12 XCMG Group
- 6.2.13 SANY Group
- 6.2.14 Shanghai Heavy Industries Co. Ltd (ZPMC)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Green and Sustainable Cranes
Crane Industry Segmentation
A crane is a machine used to lift and move heavy loads, machines, materials, and goods for a variety of purposes. It is used in different industries, from construction to manufacturing to shipbuilding and material loading.
The crane market is segmented by type, application type, and geography.
By type, the market is segmented into mobile cranes, fixed cranes, and marine and offshore cranes. Under mobile cranes, the market is further sub-segmented into all-terrain cranes, rough terrain cranes, crawler cranes, truck-mounted cranes, and other mobile cranes. Under fixed cranes, the market is sub-segmented into monorail and underhung, overhead track-mounted cranes, and tower cranes. Under marine and offshore cranes, the market is sub-segmented into mobile harbor cranes, fixed harbor cranes, offshore, and ship cranes.
By application type, the market is segmented into construction and mining, marine and offshore, and industrial applications.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The market sizing and forecasts have been done on the basis of value (USD) for all the above segments.
By Type | Mobile Crane | All-terrain Crane | |
Rough Terrain Crane | |||
Crawler Crane | |||
Truck-mounted Crane | |||
Other Mobile Cranes | |||
Fixed Crane | Monorail and Underhung | ||
Overhead Track-mounted Crane | |||
Tower Crane | |||
Marine and Offshore Crane | Mobile Harbor Crane | ||
Fixed Harbor Crane | |||
Offshore | |||
Ship Crane | |||
By Application Type | Construction and Mining | ||
Marine and Offshore | |||
Industrial Applications | |||
By Geography | North America | United States | |
Canada | |||
Rest of North America | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Rest of Europe | |||
Asia-Pacific | China | ||
Japan | |||
India | |||
South Korea | |||
Australia | |||
Rest of Asia-Pacific | |||
Rest of the World | United Arab Emirates | ||
Saudi Arabia | |||
South Africa | |||
Brazil | |||
Other Countries |
Crane Market Research Faqs
How big is the Crane Market?
The Crane Market size is expected to reach USD 45.32 billion in 2025 and grow at a CAGR of 6.28% to reach USD 61.45 billion by 2030.
What is the current Crane Market size?
In 2025, the Crane Market size is expected to reach USD 45.32 billion.
Who are the key players in Crane Market?
Sany heavy Industry Co. Ltd., Xuzhou Construction Machinery Group Co., Ltd, Zoomlion Heavy Industry Science and Technology Co., Ltd, Konecranes Oyj and Liebherr Group are the major companies operating in the Crane Market.
Which is the fastest growing region in Crane Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Crane Market?
In 2025, the Asia-Pacific accounts for the largest market share in Crane Market.
What years does this Crane Market cover, and what was the market size in 2024?
In 2024, the Crane Market size was estimated at USD 42.47 billion. The report covers the Crane Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Crane Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Crane Market Research
Mordor Intelligence offers a comprehensive analysis of the crane industry, drawing on decades of expertise in construction equipment research. Our extensive report covers all major segments, including mobile cranes, tower cranes, gantry cranes, overhead cranes, and crawler cranes. It also provides detailed insights into specialized sectors such as offshore cranes, marine cranes, and industrial cranes. The analysis spans the complete spectrum of lifting equipment and material handling equipment, offering stakeholders a thorough understanding of current industry trends and future growth trajectories.
Our detailed report, available as an easy-to-download PDF, provides actionable insights for stakeholders across the construction equipment industry and material handling equipment industry. The research covers crucial aspects of the crane market, including detailed industry analysis and industry outlook projections. Stakeholders benefit from our comprehensive coverage of various crane types, including truck mounted cranes, rough terrain cranes, telescopic cranes, and all terrain cranes. This is supported by extensive data on construction crane applications and emerging opportunities in the port crane segment. The report also examines developments in hydraulic crane technology and innovations in container crane systems, providing valuable insights for strategic decision-making.