Key Insights
The global mobile crane market, valued at $21.10 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 6.65% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning construction sector, particularly in developing economies experiencing rapid urbanization and infrastructure development, significantly boosts demand for mobile cranes in diverse applications like high-rise building construction and large-scale infrastructure projects. Secondly, the increasing adoption of advanced technologies, such as remote-controlled cranes and automated crane systems, is enhancing efficiency, safety, and precision on construction sites, leading to higher adoption rates. Finally, government initiatives focused on infrastructure development and modernization in several regions are creating favorable conditions for market expansion. The market segmentation reveals a strong preference for mobile cranes over fixed cranes due to their flexibility and adaptability to various terrains and project requirements. While the construction sector remains the dominant application area, significant growth is anticipated in the mining and excavation sectors, reflecting the need for heavy-duty lifting equipment in resource extraction operations.
Mobile Crane Industry Market Size (In Billion)
The competitive landscape is characterized by both established global players and regional manufacturers. Leading companies such as Tadano, Kobelco, and Liebherr continuously invest in research and development, focusing on innovation and enhanced features to maintain their market share. However, emerging economies are witnessing the rise of regional manufacturers offering cost-effective alternatives, thereby increasing competition. While regulatory compliance and environmental concerns pose certain restraints, the overall market outlook remains positive, fueled by sustained investment in infrastructure and industrial projects worldwide. Regional analysis suggests strong growth in the Asia-Pacific region, driven primarily by China and India's robust infrastructure development programs. North America and Europe also contribute significantly to market growth, but at a slightly slower pace compared to the Asia-Pacific region. The forecast period of 2025-2033 promises continued growth as technological advancements and infrastructure development projects drive the demand for mobile cranes across various sectors.
Mobile Crane Industry Company Market Share
Mobile Crane Industry Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the mobile crane industry, encompassing market dynamics, growth trends, regional performance, product landscape, and key players. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report offers invaluable insights for industry professionals, investors, and strategic decision-makers. The report analyzes the parent market of Construction Equipment and the child market of Mobile Cranes, providing a granular understanding of market segmentation (by application type and machine type) and competitive dynamics. The estimated market size in 2025 is xx Million units.
Mobile Crane Industry Market Dynamics & Structure
The mobile crane market is characterized by moderate concentration, with several major players dominating the landscape. Technological innovation, primarily driven by automation, enhanced safety features, and improved efficiency, is a key driver. Stringent safety regulations and environmental concerns influence market dynamics. Product substitutes, such as specialized lifting equipment, exist but often lack the versatility of mobile cranes. The end-user demographics include construction, mining, and industrial sectors, with varying demand patterns. Mergers and acquisitions (M&A) activity has been relatively frequent, with companies expanding their market reach and product portfolios.
- Market Concentration: Moderately concentrated, with top players holding xx% market share in 2025.
- Technological Innovation: Focus on automation, remote control, and enhanced safety features.
- Regulatory Framework: Stringent safety and environmental regulations impact design and operations.
- Competitive Substitutes: Specialized lifting equipment offers niche competition.
- End-User Demographics: Construction, mining, and industrial sectors are key end-users.
- M&A Trends: Significant M&A activity observed in recent years, with xx deals recorded between 2019 and 2024. Deal value is estimated at xx Million USD.
Mobile Crane Industry Growth Trends & Insights
The mobile crane market experienced steady growth during the historical period (2019-2024), driven by infrastructure development and industrial expansion. The market size is projected to reach xx Million units by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). This growth is attributed to increasing demand from construction and infrastructure projects, particularly in developing economies. Technological advancements, like the incorporation of advanced sensors and control systems, contribute to improved efficiency and safety, thus boosting adoption rates. Changing consumer preferences towards more sustainable and technologically advanced cranes further shape market dynamics. Market penetration is expected to increase from xx% in 2025 to xx% by 2033.
Dominant Regions, Countries, or Segments in Mobile Crane Industry
The Construction segment under Application Type and the Mobile Crane segment under Machine Type are the leading drivers of market growth. Asia-Pacific, specifically China and India, show significant growth potential due to robust infrastructure development and industrialization. North America and Europe also represent considerable market share, primarily driven by the renovation and expansion of existing infrastructure.
- Key Drivers: Infrastructure development, industrialization, and urbanization.
- Asia-Pacific Dominance: Driven by rapid economic growth and large-scale infrastructure projects.
- North America and Europe: Significant market share sustained by infrastructure upgrades and maintenance.
- Construction Segment: Largest application type, accounting for xx% of market share in 2025.
- Mobile Crane Segment: Highest demand, accounting for xx% of market share in 2025.
Mobile Crane Industry Product Landscape
The mobile crane market offers a wide array of products catering to diverse applications. Innovations focus on improved load capacity, enhanced maneuverability, and advanced safety features. Technological advancements incorporate telematics, remote diagnostics, and automated control systems. Key selling propositions include increased efficiency, reduced operational costs, and enhanced safety for operators.
Key Drivers, Barriers & Challenges in Mobile Crane Industry
Key Drivers:
- Rising infrastructure spending globally.
- Increasing demand from construction and industrial sectors.
- Technological advancements improving crane efficiency and safety.
Key Challenges:
- Fluctuations in raw material prices impacting manufacturing costs. (Estimated xx% impact on production costs in 2024)
- Supply chain disruptions affecting timely delivery of components.
- Intense competition among major players leading to price pressure.
Emerging Opportunities in Mobile Crane Industry
- Expansion into untapped markets in developing regions.
- Development of specialized cranes for renewable energy projects.
- Growing adoption of digital technologies for remote monitoring and control.
Growth Accelerators in the Mobile Crane Industry
Technological breakthroughs such as advanced automation and the development of sustainable materials are key growth catalysts. Strategic partnerships for technology integration and market expansion into emerging economies are critical for long-term growth.
Key Players Shaping the Mobile Crane Industry Market
- Tadano Limited
- Kobelco Cranes Co Limited
- Favelle Favco Group
- Konecranes PLC
- Sumitomo Heavy Industries Construction Cranes Co Lt
- Palfinger AG
- Zoomlion Heavy Industry Science and Technology Co Limited
- Liebherr-International AG
- Manitowoc
- Cargotec
- Terex Corporation
Notable Milestones in Mobile Crane Industry Sector
- March 2022: Liebherr International AG receives a large order for three mobile cranes from Herrmann & Wittrock.
- April 2022: Associated British Ports invests EUR 32 million in Humber port crane upgrades.
- August 2021: Manitowoc acquires Aspen Equipment, expanding its North American footprint.
- July 2021: Terex acquires MDS International, expanding its operations and consumer base.
In-Depth Mobile Crane Industry Market Outlook
The mobile crane industry is poised for sustained growth, driven by continued infrastructure development and technological advancements. Strategic partnerships, expansion into emerging markets, and the development of innovative, sustainable products will be key to unlocking future market potential. The focus on efficiency, safety, and sustainability will shape the competitive landscape in the coming years.
Mobile Crane Industry Segmentation
-
1. Machine Type
- 1.1. Mobile Crane
- 1.2. Fixed Crane
- 1.3. Marine and Port Cranes
-
2. Application Type
- 2.1. Construction
- 2.2. Mining and Excavation
- 2.3. Marine and Offshore
- 2.4. Industrial Applications
- 2.5. Other Application Types
Mobile Crane Industry Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Rest of North America
-
2. Europe
- 2.1. Germany
- 2.2. United States
- 2.3. France
- 2.4. Rest of Europe
-
3. Asia Pacific
- 3.1. China
- 3.2. Japan
- 3.3. India
- 3.4. South Korea
- 3.5. Rest of Asia Pacific
-
4. Rest of the World
- 4.1. South America
- 4.2. Middle East and Africa
Mobile Crane Industry Regional Market Share
Geographic Coverage of Mobile Crane Industry
Mobile Crane Industry REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.65% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Demand for Luxury Vehicles to Foster the Growth of the Market
- 3.3. Market Restrains
- 3.3.1. Rising Adoption of Electric Vehicles Deter Market Growth
- 3.4. Market Trends
- 3.4.1. Increase in Construction and Renovation Activities Globally to Drive Demand in the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Mobile Crane Industry Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Machine Type
- 5.1.1. Mobile Crane
- 5.1.2. Fixed Crane
- 5.1.3. Marine and Port Cranes
- 5.2. Market Analysis, Insights and Forecast - by Application Type
- 5.2.1. Construction
- 5.2.2. Mining and Excavation
- 5.2.3. Marine and Offshore
- 5.2.4. Industrial Applications
- 5.2.5. Other Application Types
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of the World
- 5.1. Market Analysis, Insights and Forecast - by Machine Type
- 6. North America Mobile Crane Industry Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Machine Type
- 6.1.1. Mobile Crane
- 6.1.2. Fixed Crane
- 6.1.3. Marine and Port Cranes
- 6.2. Market Analysis, Insights and Forecast - by Application Type
- 6.2.1. Construction
- 6.2.2. Mining and Excavation
- 6.2.3. Marine and Offshore
- 6.2.4. Industrial Applications
- 6.2.5. Other Application Types
- 6.1. Market Analysis, Insights and Forecast - by Machine Type
- 7. Europe Mobile Crane Industry Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Machine Type
- 7.1.1. Mobile Crane
- 7.1.2. Fixed Crane
- 7.1.3. Marine and Port Cranes
- 7.2. Market Analysis, Insights and Forecast - by Application Type
- 7.2.1. Construction
- 7.2.2. Mining and Excavation
- 7.2.3. Marine and Offshore
- 7.2.4. Industrial Applications
- 7.2.5. Other Application Types
- 7.1. Market Analysis, Insights and Forecast - by Machine Type
- 8. Asia Pacific Mobile Crane Industry Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Machine Type
- 8.1.1. Mobile Crane
- 8.1.2. Fixed Crane
- 8.1.3. Marine and Port Cranes
- 8.2. Market Analysis, Insights and Forecast - by Application Type
- 8.2.1. Construction
- 8.2.2. Mining and Excavation
- 8.2.3. Marine and Offshore
- 8.2.4. Industrial Applications
- 8.2.5. Other Application Types
- 8.1. Market Analysis, Insights and Forecast - by Machine Type
- 9. Rest of the World Mobile Crane Industry Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Machine Type
- 9.1.1. Mobile Crane
- 9.1.2. Fixed Crane
- 9.1.3. Marine and Port Cranes
- 9.2. Market Analysis, Insights and Forecast - by Application Type
- 9.2.1. Construction
- 9.2.2. Mining and Excavation
- 9.2.3. Marine and Offshore
- 9.2.4. Industrial Applications
- 9.2.5. Other Application Types
- 9.1. Market Analysis, Insights and Forecast - by Machine Type
- 10. Competitive Analysis
- 10.1. Global Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 Tadano Limited
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Kobelco Cranes Co Limited
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Favelle Favco Group
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Konecranes PLC
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Sumitomo Heavy Industries Construction Cranes Co Lt
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Palfinger AG
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Zoomlion Heavy Industry Science and Technology Co Limited
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Liebherr-International AG
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Manitowoc
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Cargotec
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 Terex Corporation
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.1 Tadano Limited
List of Figures
- Figure 1: Global Mobile Crane Industry Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Mobile Crane Industry Revenue (Million), by Machine Type 2025 & 2033
- Figure 3: North America Mobile Crane Industry Revenue Share (%), by Machine Type 2025 & 2033
- Figure 4: North America Mobile Crane Industry Revenue (Million), by Application Type 2025 & 2033
- Figure 5: North America Mobile Crane Industry Revenue Share (%), by Application Type 2025 & 2033
- Figure 6: North America Mobile Crane Industry Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Mobile Crane Industry Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Mobile Crane Industry Revenue (Million), by Machine Type 2025 & 2033
- Figure 9: Europe Mobile Crane Industry Revenue Share (%), by Machine Type 2025 & 2033
- Figure 10: Europe Mobile Crane Industry Revenue (Million), by Application Type 2025 & 2033
- Figure 11: Europe Mobile Crane Industry Revenue Share (%), by Application Type 2025 & 2033
- Figure 12: Europe Mobile Crane Industry Revenue (Million), by Country 2025 & 2033
- Figure 13: Europe Mobile Crane Industry Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Mobile Crane Industry Revenue (Million), by Machine Type 2025 & 2033
- Figure 15: Asia Pacific Mobile Crane Industry Revenue Share (%), by Machine Type 2025 & 2033
- Figure 16: Asia Pacific Mobile Crane Industry Revenue (Million), by Application Type 2025 & 2033
- Figure 17: Asia Pacific Mobile Crane Industry Revenue Share (%), by Application Type 2025 & 2033
- Figure 18: Asia Pacific Mobile Crane Industry Revenue (Million), by Country 2025 & 2033
- Figure 19: Asia Pacific Mobile Crane Industry Revenue Share (%), by Country 2025 & 2033
- Figure 20: Rest of the World Mobile Crane Industry Revenue (Million), by Machine Type 2025 & 2033
- Figure 21: Rest of the World Mobile Crane Industry Revenue Share (%), by Machine Type 2025 & 2033
- Figure 22: Rest of the World Mobile Crane Industry Revenue (Million), by Application Type 2025 & 2033
- Figure 23: Rest of the World Mobile Crane Industry Revenue Share (%), by Application Type 2025 & 2033
- Figure 24: Rest of the World Mobile Crane Industry Revenue (Million), by Country 2025 & 2033
- Figure 25: Rest of the World Mobile Crane Industry Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Mobile Crane Industry Revenue Million Forecast, by Machine Type 2020 & 2033
- Table 2: Global Mobile Crane Industry Revenue Million Forecast, by Application Type 2020 & 2033
- Table 3: Global Mobile Crane Industry Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Mobile Crane Industry Revenue Million Forecast, by Machine Type 2020 & 2033
- Table 5: Global Mobile Crane Industry Revenue Million Forecast, by Application Type 2020 & 2033
- Table 6: Global Mobile Crane Industry Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Rest of North America Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Mobile Crane Industry Revenue Million Forecast, by Machine Type 2020 & 2033
- Table 11: Global Mobile Crane Industry Revenue Million Forecast, by Application Type 2020 & 2033
- Table 12: Global Mobile Crane Industry Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Germany Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: United States Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: France Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Rest of Europe Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 17: Global Mobile Crane Industry Revenue Million Forecast, by Machine Type 2020 & 2033
- Table 18: Global Mobile Crane Industry Revenue Million Forecast, by Application Type 2020 & 2033
- Table 19: Global Mobile Crane Industry Revenue Million Forecast, by Country 2020 & 2033
- Table 20: China Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: Japan Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: India Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: South Korea Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Rest of Asia Pacific Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Global Mobile Crane Industry Revenue Million Forecast, by Machine Type 2020 & 2033
- Table 26: Global Mobile Crane Industry Revenue Million Forecast, by Application Type 2020 & 2033
- Table 27: Global Mobile Crane Industry Revenue Million Forecast, by Country 2020 & 2033
- Table 28: South America Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
- Table 29: Middle East and Africa Mobile Crane Industry Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Mobile Crane Industry?
The projected CAGR is approximately 6.65%.
2. Which companies are prominent players in the Mobile Crane Industry?
Key companies in the market include Tadano Limited, Kobelco Cranes Co Limited, Favelle Favco Group, Konecranes PLC, Sumitomo Heavy Industries Construction Cranes Co Lt, Palfinger AG, Zoomlion Heavy Industry Science and Technology Co Limited, Liebherr-International AG, Manitowoc, Cargotec, Terex Corporation.
3. What are the main segments of the Mobile Crane Industry?
The market segments include Machine Type, Application Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 21.10 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand for Luxury Vehicles to Foster the Growth of the Market.
6. What are the notable trends driving market growth?
Increase in Construction and Renovation Activities Globally to Drive Demand in the Market.
7. Are there any restraints impacting market growth?
Rising Adoption of Electric Vehicles Deter Market Growth.
8. Can you provide examples of recent developments in the market?
In March 2022, Liebherr International AG has received order for three mobile crane from rental contractor Herrmann & Wittrock. Company offering LTM 1040-2.1, LTM 1150-5.3 and LTM 1055-3.2 machines shall expand the company's crane fleet and further modernize the complete fleet of its mobile crane offering. Furthermore, Liebherr has previously supplied around 10 mobile cranes to Herrmann & Wittrock and now has gauzed order for this year as well.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Mobile Crane Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Mobile Crane Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Mobile Crane Industry?
To stay informed about further developments, trends, and reports in the Mobile Crane Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence