North America Crane Rental Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The North America Crane Rental Market report segments the industry into By Crane Type (Wheel-mounted Mobile Crane, Commercial Truck-mounted Crane, Side Boom, Straddle Crane, Railroad Crane, Others), By Application Type (Construction, Mining & Excavation, Marine & Offshore, Industrial Applications), and By Country (United States, Canada, Rest of North America). Get five years of historical data and forecasts.

North America Crane Rental Market Size

Market_Overview

North America Crane Rental Market Analysis

The North America Crane Rental Market is expected to register a CAGR of greater than 3.8% during the forecast period.

The COVID-19 pandemic had a slight impact on the construction industry across North America. However, the construction equipment industry witnessed a hit due to a shortage of raw materials, which further continued for the year 2021, due to the global chip shortage. This provided a growth opportunity for the crane rental market.

Over the longer term, growing construction and infrastructure activities across the region and the presence of medium construction company contractors are expected to drive demand in the market. The North American region is accommodating several construction projects which require the usage of construction machinery including cranes, thus demand for the same is expected to remain on the higher side during the long-term forecast period.

However, lack of skilled and qualified crane operators is one of the primary problems limiting Cranes Rental Market share. One of the industry's major issues is providing sufficient training to crane operators. so, leading crane rental companies are focusing on providing regular training programmes for operators to overcome this difficulty. such initiatives to restrict the loss attained through these restraining factors.

Besides these, favorable government initiatives are encouraging several rental fleet operators to expand their offerings in the country. For example, In January 2022, the US passed its infrastructure bill which is poised to provide USD 1.2 trillion to cities and states. This budget plans to stand as strong incentive focusing on building America's infrastructure in the public-private partnership. In wake of such developments, construction company contractors are also looking to access new and updated technology for their projects and save as compared to using owning any older cranes by opting rental equipment over buying new equipment to be cost effective.

North America Crane Rental Industry Overview

The North America crane rental market is moderately fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the North American crane rental market are United Rentals, Inc., Maxim Crane Works, L.P. Lampson International LLC., and Caterpillar Inc. Companies are adding many new cranes into their existing fleet to broaden their portfolio and widen their presence in different application segments. While some players are performing collaboration with crane manufacturers for adding latest crane in their fleet. For instance,

  • In March 2020, All Erection & Crane Rental Corp. has added LTM 1750-9.1 a 900-ton, 9-axle, 18-wheel AT crane mobile crane, now comes with load capacity tables from refined static calculation methods. These tables will increase lifting capacity values in the entire operating range. The company will upgrade the software on their old 1750-9.1 with the new tables to maximize the capacity for that machine also.
  • In April 2020, ALL Crane launched its Shared Equipment Program (SEP), an innovative approach for equipment rental that was crafted to save operating costs and valuable time of construction projects. According to this program, any project's general contractor will be the primary renter of all the equipment for the project and then they will rent it to the subcontractors. In addition to that company will provide support which will include mechanics for conducting regular maintenance to keep machines in ready condition for transferring to other subcontractors.

North America Crane Rental Market Leaders

  1. United Rentals, Inc.

  2. Maxim Crane Works, L.P.

  3. Caterpillar Inc.

  4. All Erection & Crane Rental Corp.

  5. Lampson International LLC

  6. *Disclaimer: Major Players sorted in no particular order
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North America Crane Rental Market News

  • In February 2022, Capital City Group, Inc. has been acquired by The Bay Crane Companies, Inc., the leading specialist crane and rigging equipment service and rental provider in the northeastern United States. As a result of the deal, Bay Crane now has 15 full-service facilities and is among the top 10 crane service providers in North America.
  • In July 2021, Maxim Crane, the leading crane rental company in North America has purchased 51 Grove mobile cranes, a mix of high-capacity rough-terrain cranes and five-axel and six-axle all-terrain cranes. The purchase a combination of larger rough-terrain cranes and all-terrain cranes from Grove is aimed at strengthening our fleet in several newly-opened locations across the country.

North America Crane Rental 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

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD Million)

  • 5.1 By Crane Type
    • 5.1.1 Wheel-mounted Mobile Crane
    • 5.1.2 Commercial Truck-mounted Crane
    • 5.1.3 Side Boom
    • 5.1.4 Straddle Crane
    • 5.1.5 Railroad Crane
    • 5.1.6 Others
  • 5.2 By Application Type
    • 5.2.1 Construction
    • 5.2.2 Mining & Excavation
    • 5.2.3 Marine & Offshore
    • 5.2.4 Industrial Applications
  • 5.3 By Country
    • 5.3.1 United States
    • 5.3.2 Canada
    • 5.3.3 Rest of North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 United Rentals, Inc.
    • 6.2.2 Maxim Crane Works, L.P.
    • 6.2.3 Caterpillar Inc.
    • 6.2.4 All Erection & Crane Rental Corp.
    • 6.2.5 Lampson International LLC
    • 6.2.6 Buckner HeavyLift Cranes
    • 6.2.7 Ahern Rentals Inc
    • 6.2.8 American Equipment Company, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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North America Crane Rental Industry Segmentation

Crane is a wheeled, and self-propelled vehicle that is operated with either cable or controlled with a hydraulic-powered telescopic boom crane. With crane rental service the service providers are providing cranes to utility partners on a rental basis during a shorter term and longer-term time span.

The North American crane rental market is segmented by crane type, application type, and country. By crane type, the market has been segmented into Wheel-mounted Mobile Crane, Commercial Truck-mounted Crane, Side Boom, Straddle Crane, Railroad Crane, and Others.

By Application type, the market has been segmented into Construction, Mining & Excavation, Marine & Offshore, and Industrial Applications By County type, the market has been segmented into the United States, Canada, and the Rest of North America. For each segment, the market sizing and forecasting are based on value (USD million).

By Crane Type Wheel-mounted Mobile Crane
Commercial Truck-mounted Crane
Side Boom
Straddle Crane
Railroad Crane
Others
By Application Type Construction
Mining & Excavation
Marine & Offshore
Industrial Applications
By Country United States
Canada
Rest of North America
By Crane Type
Wheel-mounted Mobile Crane
Commercial Truck-mounted Crane
Side Boom
Straddle Crane
Railroad Crane
Others
By Application Type
Construction
Mining & Excavation
Marine & Offshore
Industrial Applications
By Country
United States
Canada
Rest of North America
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North America Crane Rental Market Research FAQs

What is the current North America Crane Rental Market size?

The North America Crane Rental Market is projected to register a CAGR of greater than 3.8% during the forecast period (2025-2030)

Who are the key players in North America Crane Rental Market?

United Rentals, Inc., Maxim Crane Works, L.P., Caterpillar Inc., All Erection & Crane Rental Corp. and Lampson International LLC are the major companies operating in the North America Crane Rental Market.

What years does this North America Crane Rental Market cover?

The report covers the North America Crane Rental Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Crane Rental Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: June 16, 2024

North America Crane Rental Industry Report

Statistics for the 2025 North America Crane Rental market share, size and revenue growth rate, created by Mordor Intelligenceâ„¢ Industry Reports. North America Crane Rental analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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