Product Code: ETC13396034 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Mobile Crane Market was valued at USD 13.2 Billion in 2024 and is expected to reach USD 18.3 Billion by 2031, growing at a compound annual growth rate of 7.50% during the forecast period (2025-2031).
The Global Mobile Crane Market is a dynamic sector witnessing steady growth due to increasing construction and infrastructure development activities worldwide. Mobile cranes are versatile machines used for lifting and transporting heavy materials in various industries such as construction, oil & gas, and mining. Key market drivers include urbanization, industrialization, and the demand for efficient material handling solutions. The market is characterized by technological advancements, such as the integration of telematics and IoT for improved crane efficiency and safety. Major market players include Liebherr Group, Terex Corporation, Tadano Ltd., and Manitowoc Cranes, among others. North America and Europe are significant markets, while emerging economies in Asia-Pacific and Latin America show promising growth opportunities in the mobile crane sector. Factors such as stringent regulations and high initial investment costs may challenge market expansion in some regions.
The Global Mobile Crane Market is witnessing growth due to increasing construction activities, infrastructure development, and urbanization across the globe. The market is experiencing a shift towards technologically advanced mobile cranes with features such as telematics, IoT integration, and automation, enhancing safety and efficiency on construction sites. Additionally, there is a rising demand for eco-friendly mobile cranes powered by electric or hybrid engines to address environmental concerns. Emerging opportunities lie in the adoption of innovative crane designs and the integration of digital technologies to improve operational capabilities and meet evolving customer needs. Market players are focusing on expanding their product offerings and geographical presence to capitalize on the growing demand for mobile cranes in sectors such as construction, oil & gas, and mining.
The Global Mobile Crane Market faces several challenges, including intense competition among key players leading to price wars and margin pressures. Additionally, fluctuating raw material prices and supply chain disruptions impact manufacturing costs and product availability. Market saturation in mature economies poses a challenge for growth, prompting companies to focus on emerging markets for expansion opportunities. Technological advancements and the need for compliance with stringent regulations also present challenges for crane manufacturers to keep up with evolving industry standards. Moreover, economic uncertainties and geopolitical tensions can impact investment decisions, affecting market demand and growth prospects in the global mobile crane industry. Overall, navigating these challenges requires companies to innovate, streamline operations, and adapt to changing market dynamics to maintain a competitive edge.
The Global Mobile Crane Market is being primarily driven by factors such as the increasing demand for infrastructure development projects worldwide, the growth of the construction industry, and the expanding adoption of advanced technologies in crane manufacturing. Additionally, the rise in urbanization and the need for efficient material handling equipment in various industries are contributing to the market`s growth. The versatility, mobility, and cost-effectiveness of mobile cranes compared to traditional stationary cranes are also fueling their demand. Furthermore, stringent regulations regarding worker safety and the focus on enhancing operational efficiency are prompting companies to invest in modern mobile crane solutions, driving further market expansion.
Government policies related to the Global Mobile Crane Market typically focus on safety regulations, emissions standards, and construction permits. Countries often require mobile crane operators to adhere to strict safety guidelines to prevent accidents and protect workers. Additionally, there is an increasing emphasis on reducing emissions from construction equipment, including mobile cranes, to mitigate environmental impact. Governments may also impose regulations on the operation of mobile cranes in certain areas, requiring permits and approvals to ensure compliance with local laws and regulations. Overall, government policies play a crucial role in shaping the operating environment for the Global Mobile Crane Market, driving industry standards and promoting sustainable practices within the sector.
The Global Mobile Crane Market is expected to witness steady growth in the coming years, driven by increasing construction and infrastructure development activities across the globe. Factors such as urbanization, industrialization, and a growing need for efficient material handling solutions will contribute to the market`s expansion. Additionally, technological advancements in mobile crane designs, such as the integration of telematics and IoT capabilities for remote monitoring and control, are expected to enhance the efficiency and safety of operations, further boosting market growth. The Asia-Pacific region is anticipated to emerge as a key market for mobile cranes due to rapid urban development and increasing investments in infrastructure projects. Overall, the market is poised for growth as construction activities continue to rise, driving the demand for versatile and high-performing mobile crane solutions.
In the global mobile crane market, Asia is expected to witness significant growth driven by infrastructure development projects in countries like China and India. North America and Europe are forecasted to show steady growth due to ongoing urbanization and industrial expansion. The Middle East and Africa region is anticipated to experience moderate growth with increased construction activities in countries such as UAE and Saudi Arabia. Latin America is projected to have a promising market outlook supported by investments in mining and oil & gas sectors. Overall, the global mobile crane market is anticipated to flourish across all regions, with Asia leading the growth trajectory followed closely by Latin America and North America.
Global Mobile Crane Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Mobile Crane Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Mobile Crane Market Revenues & Volume, 2021 & 2031F |
3.3 Global Mobile Crane Market - Industry Life Cycle |
3.4 Global Mobile Crane Market - Porter's Five Forces |
3.5 Global Mobile Crane Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Mobile Crane Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Mobile Crane Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Global Mobile Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Mobile Crane Market Trends |
6 Global Mobile Crane Market, 2021 - 2031 |
6.1 Global Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Mobile Crane Market, Revenues & Volume, By Truck Mounted, 2021 - 2031 |
6.1.3 Global Mobile Crane Market, Revenues & Volume, By Trailer Mounted, 2021 - 2031 |
6.1.4 Global Mobile Crane Market, Revenues & Volume, By Crawler Crane, 2021 - 2031 |
6.2 Global Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Mobile Crane Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.2.3 Global Mobile Crane Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.2.4 Global Mobile Crane Market, Revenues & Volume, By Utility, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Mobile Crane Market, Overview & Analysis |
7.1 North America Mobile Crane Market Revenues & Volume, 2021 - 2031 |
7.2 North America Mobile Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
8 Latin America (LATAM) Mobile Crane Market, Overview & Analysis |
8.1 Latin America (LATAM) Mobile Crane Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Mobile Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
9 Asia Mobile Crane Market, Overview & Analysis |
9.1 Asia Mobile Crane Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Mobile Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
10 Africa Mobile Crane Market, Overview & Analysis |
10.1 Africa Mobile Crane Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Mobile Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
11 Europe Mobile Crane Market, Overview & Analysis |
11.1 Europe Mobile Crane Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Mobile Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
12 Middle East Mobile Crane Market, Overview & Analysis |
12.1 Middle East Mobile Crane Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Mobile Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Mobile Crane Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Mobile Crane Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Mobile Crane Market, Revenues & Volume, By Application Type, 2021 - 2031 |
13 Global Mobile Crane Market Key Performance Indicators |
14 Global Mobile Crane Market - Export/Import By Countries Assessment |
15 Global Mobile Crane Market - Opportunity Assessment |
15.1 Global Mobile Crane Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Mobile Crane Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Mobile Crane Market Opportunity Assessment, By Application Type, 2021 & 2031F |
16 Global Mobile Crane Market - Competitive Landscape |
16.1 Global Mobile Crane Market Revenue Share, By Companies, 2024 |
16.2 Global Mobile Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |