Mobile Crane Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Boom Type (Lattice Boom, Telescopic Boom), By Carrrier Type (Wheel mounted, Track mounted), By Terrain Type (On road, Rough terrain, All terrain), By End User Industry (Construction, Manufacturing, Utilities, Others), By Region, and By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 20.37 Billion
CAGR (2026-2031)	5.92%
Fastest Growing Segment	Wheel mounted
Largest Market	Asia Pacific
Market Size (2031)	USD 28.76 Billion

Market Overview

The Global Mobile Crane Market will grow from USD 20.37 Billion in 2025 to USD 28.76 Billion by 2031 at a 5.92% CAGR. Mobile cranes are heavy-duty lifting machines mounted on crawlers or rubber-tired carriers, designed to transport and hoist materials with high mobility across diverse worksites. The market is primarily propelled by extensive investments in global infrastructure modernization and the expanding renewable energy sector, where these units are essential for erecting wind turbines and maintaining power grids. Reflecting this sustained international demand, according to the 'Japan Construction Equipment Manufacturers Association', in '2025', 'export shipment values for construction cranes increased by 2.1% year-on-year to 8.7 billion yen in January'.

Despite these positive growth trajectories, the industry faces a significant challenge in the form of fluctuating raw material costs and supply chain instability. These economic uncertainties often necessitate higher capital expenditures for manufacturers and result in extended lead times for equipment delivery, potentially delaying fleet expansion plans for contractors and impeding overall market momentum.

Key Market Drivers

The expansion of global infrastructure development and modernization projects serves as a primary catalyst for the mobile crane market. Governments and private entities are channeling capital into the construction of bridges, airports, and highway systems, which necessitates the deployment of heavy lifting machinery capable of operating in diverse environments. This surge in civil engineering activities is directly correlated with increased procurement of all-terrain and crawler cranes designed for stability and high load capacities. Demonstrating this intense sector activity, according to the U.S. Census Bureau, January 2025, in the 'Monthly Construction Spending, November 2024' report, construction spending reached a seasonally adjusted annual rate of $2,152.6 billion. Such substantial financial outlays in the construction sector ensure a consistent requirement for mobile cranes to facilitate material handling and structural erection.

Concurrently, increasing investments in renewable energy, particularly wind power installation, are reshaping demand dynamics for high-capacity mobile cranes. The installation of modern wind turbines requires specialized lifting equipment to hoist heavy nacelles and blades to significant heights, often in remote or challenging terrains. This energy transition drives the development and sale of cranes with higher hook heights and improved mobility. According to the Global Wind Energy Council, April 2025, in the 'Global Wind Report 2025', the wind industry installed a record 117 GW of new capacity in 2024, underscoring the critical role of cranes in energy infrastructure. Reflecting the financial scale of equipment providers catering to these industrial needs, according to The Manitowoc Company, in 2025, the manufacturer reported third-quarter net sales of $553.4 million.

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Key Market Challenges

The Global Mobile Crane Market is currently impeded by significant volatility in raw material costs and supply chain instability. Manufacturers encounter unpredictable price surges for essential inputs such as steel, aluminum, and energy, which directly inflate production expenses and disrupt financial planning. These escalating costs compel Original Equipment Manufacturers to increase equipment prices or absorb reduced margins, while simultaneous supply chain bottlenecks frequently result in extended lead times for delivery. Consequently, end-users such as infrastructure contractors often postpone fleet renewal and expansion strategies due to these budget constraints and the uncertainty regarding equipment availability.

This adverse economic environment has a measurable negative impact on market performance and sales volumes. According to the 'Committee for European Construction Equipment', in '2025', 'the European construction equipment market experienced a substantial decline of 19% in 2024, primarily driven by high construction costs and persistent inflation'. This statistical evidence highlights how cost pressures and supply chain fragilities directly stifle demand and reduce order intakes, thereby slowing the overall growth trajectory of the industry.

Key Market Trends

The accelerated adoption of electric and hybrid crane powertrains is transforming the market, driven by stringent urban emission regulations and a growing imperative for carbon-neutral construction practices. Manufacturers are increasingly prioritizing the development of zero-emission lifting equipment that complies with noise ordinances and environmental standards without compromising load capacity. This shift toward sustainable machinery is evidenced by significant revenue contributions from greener product lines; according to Liebherr, April 2025, in the 'Annual Report 2024', the mobile and crawler cranes product segment achieved a revenue of €3,916 million, a performance partially supported by the series delivery of the innovative LTC 1050-3.1E hybrid crane which offers zero local emissions.

Simultaneously, there is a distinct shift from equipment ownership to rental and leasing models, as contractors seek to mitigate the financial risks associated with high capital expenditures and asset depreciation. This trend has compelled Original Equipment Manufacturers to pivot their business strategies toward lifecycle management, focusing on refurbishment, parts, and maintenance services that sustain rental fleets for extended periods. Reflecting this strategic focus on aftermarket support, according to The Manitowoc Company, February 2025, in the 'Fourth-Quarter and Full-Year 2024 Financial Results', the manufacturer reported record non-new machine sales of $629.1 million, a figure that underscores the industry's increasing reliance on fleet support services over exclusive new equipment procurement.

Segmental Insights

Based on recent market analysis, the Wheel mounted segment is currently positioning itself as the fastest-growing category in the Global Mobile Crane Market. This rapid expansion is primarily driven by the equipment's superior mobility, which enables direct travel on public highways, thereby eliminating the complex logistical requirements and haulage costs associated with crawler cranes. Construction companies increasingly prioritize these units for infrastructure projects due to their ability to navigate between dispersed sites efficiently. Furthermore, compliance with standard road transport regulations allows these cranes to operate seamlessly in urban environments, ensuring high utilization rates for contractors managing tight project schedules.

Regional Insights

The Asia Pacific region maintains a dominant position in the global mobile crane market due to substantial investments in infrastructure and construction projects. Rapid urbanization in key economies like China and India has necessitated the development of residential complexes, transport networks, and power plants, thereby driving the demand for heavy lifting equipment. Additionally, the region benefits from a strong manufacturing base that requires consistent material handling solutions. These ongoing industrial activities and government-led development initiatives ensure that Asia Pacific remains the primary contributor to global market expansion.

Recent Developments

• In March 2025, Tadano launched the eGR-1000XLL-1 EVOLT, a fully electric rough-terrain crane with a 100-ton lifting capacity, matching the performance of conventional diesel models. The crane was powered by six lithium-ion battery packs delivering a total of 226 kWh, designed to support environmentally friendly operations with zero emissions. It featured rapid charging capabilities and the ability to function while plugged into a power grid, ensuring minimal downtime for operators. This release highlighted the manufacturer's commitment to advancing sustainable technology and reducing the carbon footprint within the global lifting equipment sector.
• In November 2024, SANY delivered the SAC40000T, which the company claimed was the world's first nine-axle, 4,000-tonne all-terrain crane. The massive machine was specifically engineered for wind turbine installation, featuring an 81-meter full-extension boom and a 124-meter jib capable of lifting heavy loads to heights required for next-generation turbines. Despite its high lifting capacity, the crane was designed with a compact chassis and a tight steering radius to navigate rugged terrain. The launch addressed the growing industry demand for equipment capable of handling larger wind turbines.
• In July 2024, Liebherr introduced the LTM 1400-6.1, a new six-axle mobile crane marketed as the most powerful machine available in its specific class. The model featured a 70-meter telescopic boom and a user-friendly setup process designed to streamline operations on complex construction sites. It succeeded the LTM 1350-6.1 and integrated the proprietary Y-guying system into a smaller crane format, which significantly boosted lifting capacities. Additionally, the crane was equipped with advanced driver assistance technologies, including a Blind Spot Information System, to enhance safety for pedestrians and cyclists during road travel.
• In July 2024, Manitowoc launched two new rough-terrain cranes under its Grove brand, the GRT765 and the GRT780, aimed at setting new performance standards in the 65-ton and 80-ton classes. These models were designed with a compact footprint and included the MAXbase variable outrigger positioning system to provide greater flexibility on congested job sites. The cranes also featured a wider full-vision cab and the company’s telematics platform to enhance fleet management. Deliveries for these new units were scheduled to commence in the second half of the year, replacing older models in the lineup.

Key Market Players

• Liebherr Group
• XCMG Group
• Zoomlion Heavy Industry Science and Technology Co., Ltd.
• Terex Corporation
• Tadano Ltd.
• Sany Group
• Manitou Group
• Grove
• Sennebogen
• Demag Cranes

By Boom Type	By Carrrier Type	By Terrain Type	By End User Industry	By Region
Lattice Boom Telescopic Boom	Wheel mounted Track mounted	On road Rough terrain All terrain	Construction Manufacturing Utilities Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Mobile Crane Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Mobile Crane Market, By Boom Type:

• Lattice Boom
• Telescopic Boom

• Mobile Crane Market, By Carrrier Type:

• Wheel mounted
• Track mounted

• Mobile Crane Market, By Terrain Type:

• On road
• Rough terrain
• All terrain

• Mobile Crane Market, By End User Industry:

• Construction
• Manufacturing
• Utilities
• Others

• Mobile Crane Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE