Asia Pacific Offshore Crane Market Size - By Crane, By Lifting Capacity, By Application, By Design, By Installation, Growth Forecast, 2025 - 2034

Asia Pacific Offshore Crane Market Size

The Asia Pacific offshore crane market was estimated at USD 1.6 billion in 2024. The market is expected to grow from USD 1.7 billion in 2025 to USD 3.1 billion in 2034, at a CAGR of 7.4% according to latest report published by Global Market Insights Inc.

The Asia Pacific offshore crane industry enables efficient heavy load transfers across oil & gas platforms, vessels, and renewable energy units. Companies are adopting advanced cranes to enhance efficiency, reduce downtime, and meet the demand for high-tech offshore projects. Market growth is driven by offshore oil & gas exploration, expanding wind farms, and port modernization. Industry players focus on providing reliable, high-capacity cranes designed for harsh marine conditions with precision and safety.
 

The Asia Pacific offshore crane market is projected to exceed USD 2.1 billion by 2029, driven by automation, remote control, and digital systems. The market is expected to reach approximately USD 2.3 billion by 2030, supported by advancements in next-generation cranes, offshore energy projects, and infrastructure investments. Post-pandemic recovery and rising energy demand are pushing operators to adopt efficient, durable crane solutions to enhance productivity and safety.
 

The offshore crane industry is evolving with the assistance of technologies. Advanced monitoring systems, lifting control automation, remote control, and intelligent load management are some of the most important developments being embraced by firms like Liebherr, Huisman, Heila Cranes, Cargotec, and Palfinger. For example, Huisman has introduced automated offshore cranes with high-precision subsea operations that enable offshore operators to move heavy loads safely and efficiently.
 

The Asia Pacific offshore crane market dominated by China has extensive offshore oil & gas facilities, huge shipbuilding hubs, and the presence of international and domestic crane manufacturers such as Huisman, Liebherr, and Cargotec. Companies operating in offshore energy, marine construction, and renewable energy sectors are emphasizing high-capacity technologically advanced cranes to improve operational efficiency and safety. For instance, in 2024, Huisman supplied Chinese offshore wind farms with automated offshore cranes to enable accurate subsea operations and load handling with increased security.
 

Asia-Pacific is also the region with fastest growth on account of expanding offshore wind farms, rising oil & gas exploration in countries like China, India, South Korea, and Australia, and government-sponsored initiatives to modernize ports and offshore infrastructure. Large operators and new offshore developers are making investments in intelligent, automated, and remotely operated cranes for boosting working flexibility, safety, and efficiency. For example, in January 2025, Singapore saw Heila Cranes unveil a remote-controlled offshore crane system for offshore construction to improve the speed and accuracy of lifting operations.
 

Asia Pacific Offshore Crane Market Trends

By early 2024, the Asia Pacific offshore crane industry recorded the entry of key players into the market with advanced automation, digital surveillance, and energy-saving concepts to improve the safety of operation, precision, and lifting efficiency. These advancements can be seen as representative of an overall trend within the industry of more intelligent, more reliable cranes with the capacity to carry larger weight and work within adverse offshore conditions with less down time.
 

More operators are utilizing cranes with IoT connected monitoring, predictive maintenance and wireless control. As these features become increasingly popular in the late 2020s, the number of operational costs will go down, safety incidents will be minimized, and predictive insights will guarantee the improvement of real-time decision-making. The market is also being influenced by sustainability and regulatory compliance, where vendors are concentrating on low-emission systems, energy-efficient designs and recyclable components.
 

Existing offshore cranes have automated load-monitoring, anti-sway, and built-in digital control panels, and are frequently fitted in ships and platforms, allowing greater efficiency. Tailor-made and usability are becoming one of the most important distinguishing factors, with the operators demanding arranging modular designs, mobile-friendly interfaces, and real-time monitoring systems that will enable teams at every level to work efficiently and safely on various offshore projects.
 

The modern offshore cranes have advanced and have automated load tracking, anti-sway and built-in digital dashboard. Top firms are liaising with shipyards and other offshore engineering companies to build cranes that are perfectly integrated into boats and platforms to improve efficiency and allow the use of cranes to perform accurate operations in case of complex offshore projects.
 

Accessibility and customization are becoming some of the main distinguishing factors. The operators are after cranes that have a modular design, mobile friendly interface and real time monitoring solutions to enable the personnel at all levels to manage the operations effectively and safely in various offshore projects.
 

Asia Pacific Offshore Crane Market Analysis

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Based on cranes, the market is divided into knuckle boom crane, lattice boom crane, telescopic boom crane and others. The knuckle boom crane segment accounted for around 41% market share in 2024 and is expected to grow at a CAGR of over 8.1% through 2034.
 

• Knuckle boom cranes dominate the Asian Pacific offshore crane market due to their compact size, easy maneuverability, and efficiency in underwater operations and loading/unloading tasks in complex offshore projects.
   
• Knuckle boom cranes are gaining traction in Asia Pacific's offshore wind and oil and gas projects due to features like active heave support, eco-friendly operations, and digital vessel integration, enabling precise and safe lifts in tough conditions.
   
• In March 2025, two 200 m knuckle-boom cranes were contracted for an offshore wind project in Southeast Asia. These cranes will feature advanced compensatory systems for energy-efficient and low-emission operations in harsh offshore conditions.
   
• In the Asia Pacific offshore sector, the focus on efficiency and safety has driven demand for knuckle boom cranes, valued for reducing manpower, enabling real-time monitoring, and integrating with automated systems.
   
• Lattice boom cranes segment is projected to grow at a 7.5% CAGR through 2034, due to their high lifting capacity, modular design, and cost-efficient operation.
   
• Valued for their modular components, these cranes facilitate easier transport, assembly, and disassembly, making them ideal for remote or logistically challenging locations and allowing flexible deployment across multiple offshore sites.
   
• Telescopic boom cranes are compact and adjustable, making them ideal for lifting in confined offshore spaces. They are efficient for maintenance, supply transfers, and dynamic positioning nearshore.
   

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Based on lifting capacity, the Asia Pacific offshore crane market is segmented into 0-500 mt, 500-3,000 mt and above 3,000 mt. The 0-500 mt segment dominates the market with around 49% share in 2024 and is expected to grow at a CAGR of over 7% from 2025 to 2034.
 

• The 0-500 mt lifting capacity segment dominates market, driven by its versatility in maintenance, supply transfers, and deck handling for oil and gas and offshore wind projects.
   
• They are compact and easily installed and thus will be useful in limited offshore areas that is a major consideration to platforms with small deck areas. Moreover, such cranes are usually highly automated with active heave control and electronic accounts, enhancing the safety and accuracy of operation in the more mundane day to day lifting jobs.
   
• Rising investments in offshore projects across China, India, Japan, and Southeast Asia are driving demand for 0-500 m cranes. Their affordability, low maintenance, and versatility make them a preferred choice for operators.
   
• The 500-3,000 m range segment is experiencing consistent growth with a CAGR of 8% from 2025 to 2034, due to the complexity of the offshore works that need to be crane equipped to construct and install heavier loads. These cranes are common in medium and large offshore oil platforms, floating production projects, and offshore wind farm projects.
   
• These cranes, with high lifting capacity, extended reach, and stability, efficiently handle large modules, turbines, and underwater equipment. Their modular design enables cost-effective operations and easy assembly in remote offshore areas.
   
• Cranes with a lifting capacity exceeding 3,000 mt are essential for mega offshore projects, including heavy-lift installations of oil and gas platforms, wind turbine foundations, and FPSOs. Their high capacity enables single-lift operations, saving time and improving efficiency.
   
• Such cranes usually have high levels of stabilization and automation, such as dynamic positioning solutions, anti-sway, and predictive maintenance devices, which make their use safe and precise even in severe offshore environments.
   

Based on applications, the market is segmented into oil & gas platforms, offshore wind farms, subsea operations, marine vessels & FPSOS and others. The oil and gas platforms segment will dominate the Asia Pacific offshore crane market and is expected to grow at a CAGR of 7.5% from 2025 to 2034.
 

• The oil & gas platforms segment is expected to dominate due to the high demand for reliable lifting equipment in exploration, production, and maintenance activities. Cranes on these platforms are extensively used for module installation, deck handling, and subsea operations, where precision, safety, and operational efficiency are critical.
   
• Cranes ensure effective deck management, module installation, and sea support, emphasizing their safety and efficiency. Cranes in this segment support diverse lifting capacities, from light equipment to heavy modules. Features like active heave compensation, automated safety systems, and remote monitoring ensure precise and safe operations in offshore environments.
   
• Offshore exploration in China, India, Australia, and Southeast Asia is increasing crane usage on oil and gas platforms. Operators are adopting advanced cranes to enhance productivity, reduce downtime, and comply with safety regulations.
   
• The offshore wind farm industry is rapidly growing with a CAGR of over 8% from 2025 to 2034, with significant investments from Asia Pacific countries. Cranes are essential for constructing and maintaining wind turbines and related structures.
   
• Offshore wind operations utilize high-capacity lattice boom and knuckle boom cranes to lift heavy turbine components and withstand harsh marine conditions. Features like predictive maintenance, digital monitoring, and energy-efficient hydraulics enhance performance and reduce environmental impact.
   
• The growth in the offshore wind business in China, Japan, South Korea and Taiwan is generating good demand of special cranes that can carry heavy loads in the deep-water environment facilitating the shift to clean energy sources in the region.
   
• Undersea operations, such as installing and maintaining pipelines, risers, and underwater modules, rely on offshore cranes. Knuckle boom and telescopic boom cranes are preferred for their precise load control and dynamic positioning.
   
• Crucial for maritime vessels and floating production storage and offloading units (FPSOs), cranes handle cargo, transfer equipment, and perform maintenance. These cranes must be versatile, robust, and resilient to the sea's harsh conditions.
   
• The "others" category includes cranes used for offshore construction, emergency response, and minor maintenance. Despite its smaller market share, this segment demands reliable, mobile, and easy-to-set-up cranes.
   

Based on design, the market is segmented into active heave compensated, passive heave compensated and non-compensated. The active heave compensated segment is expected to dominate with a market with share of 42% in 2024.
 

• The active heave compensated segment is expected to dominate due to its ability to provide precise and stable lifting operations in dynamic offshore environments. These cranes use hydraulic, electric, or hybrid systems to counteract ship movements, ensuring safe and efficient heavy load handling.
   
• AHC cranes are crucial for offshore platforms, wind farms, and FPSOs, ensuring precision in assembly, equipment transport, and maintenance. Their advanced control systems enhance safety and enable complex lifting tasks in challenging weather conditions.
   
• Asia Pacific operators, especially in China, Japan, South Korea, and Southeast Asia, are investing in AHC cranes to improve efficiency, minimize downtime, and comply with strict safety regulations through advanced digital systems.
   
• For instance, in June 2024, MacGregor, part of Cargotec, received a significant order for its 50-tonne active heave compensated (AHC) crane to be installed on board MMA Offshore’s PSV MMA Valour. The crane is scheduled for delivery in the third quarter of 2025. This installation will enhance the vessel's capabilities in servicing offshore energy and wind sectors.
   
• The passive heave compensated (PHC) segment is increasingly preferred for mid-range offshore lifting tasks. These cranes use mechanical or hydraulic dampening systems to mitigate vessel movement effects, providing a cost-effective solution for moderate lifting needs.
   
• These cranes are commonly used on smaller offshore vessels, FPSOs, and maintenance projects where full active compensation is unnecessary. They ensure better safety and balance performance with operational costs.
   

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China dominated the Asia Pacific offshore crane market with a revenue share of 60% in 2024 and generated USD 992.8 million revenue in 2024.
 

• China leads the market due to its extensive offshore energy infrastructure and strong shipbuilding and heavy machinery industries. This enables the production of advanced, high-capacity cranes for domestic and international markets.
   
• China's offshore oil and gas sector is expanding, with exploration in Bohai Bay, the South China Sea, and the East China Sea driving demand for advanced offshore cranes. This has boosted crane manufacturing and adoption in the domestic market.
   
• China leads global offshore wind energy development, driven by expanding wind farms along its eastern coastline. High-capacity lattice and knuckle boom cranes, featuring active heave compensation and digital surveillance, are increasingly in demand for precise turbine installations in challenging marine conditions.
   
• Government policies supporting domestic production, renewable energy, and offshore infrastructure strengthen China's leadership. Offshore wind incentives and stricter safety and environmental regulations drive the adoption of advanced offshore cranes.
   
• Chinese manufacturers are expanding beyond domestic demand by exporting advanced offshore cranes across Asia Pacific and other markets. This strengthens China's influence in the offshore crane market, particularly in trends, technology, and pricing.
   
• China's investments in offshore energy and focus on innovation, high-capacity crane manufacturing, and digital technologies are expected to sustain its leadership in the Asia Pacific offshore crane market through 2030.
   
• In June 2025, Huisman secured a contract with China Merchants Heavy Industries (CMHI) to supply two 250-ton knuckle boom cranes with active heave compensation systems. These cranes will equip Olympic Subsea's UT 7623 vessels, ensuring precise lifting for offshore construction operations.
   

The offshore crane market in India is projected to experience robust growth from 2025 to 2034.
 

• Indian companies are adopting advanced offshore cranes with active heave compensation, automation, and digital monitoring. These technologies improve efficiency, safety, and precision, driving growth in the offshore crane market.
   
• India's offshore wind energy sector is growing rapidly, with projects along the east and west coasts. This growth is driving demand for specialized offshore cranes designed for installing and maintaining wind turbines in deep waters.
   
• India's expansion in offshore energy, including oil, gas, and wind energy, is driving the offshore crane market. The demand for advanced cranes capable of handling heavy loads and harsh sea conditions is rising, supporting activities like platform installation and maintenance.
   
• For instance, in September 2025, the Indian government plans to announce a 70-crore package to boost shipbuilding, shipbreaking, and port infrastructure. This initiative, offering incentives and long-term financing, aims to position India among the top 10 globally in shipbuilding and ownership within five years. The focus on maritime infrastructure is expected to drive offshore crane demand at shipyards and ports.
   
• The modernization of Indian ports and shipyards is boosting demand for advanced offshore cranes with features like active heave compensation and digital monitoring. These cranes are vital for deepwater oil and gas exploration and platform operations in harsh marine conditions.
   
• The emerging offshore wind energy industry along India's coasts is driving demand for advanced cranes to handle larger turbines. Government efforts to enhance maritime infrastructure, including ports and shipyards, are expected to support long-term growth in the offshore crane market.
   

Japan is expected to show steady growth in the offshore crane market from 2025 to 2034.
 

• Japanese firms are adopting modern offshore cranes with advanced technologies like active heave compensation and automation. These features enhance efficiency and safety, driving growth in Japan's offshore crane market.
   
• Japan's offshore wind energy industry is expanding rapidly, driving demand for specialized offshore cranes. These cranes are crucial for installing and maintaining heavy wind turbine components in deep waters, further boosting market growth.
   
• Japan targets 10 GW of offshore wind power by 2030 and 45 GW by 2040. Government policies, including infrastructure incentives, are driving this growth, boosting future demand for advanced offshore cranes.
   
• Japan is modernizing its ports and shipyards to support the growing offshore energy sector. Investments include facilities for large-scale projects and specialized cranes, driving the offshore crane market.
   
• Japanese firms are collaborating with multinationals to develop advanced crane technologies. For instance, Mitsui's acquisition of the Port of Nigg in Scotland focuses on improving crane capacities for offshore wind logistics, driving technological and market growth in offshore cranes.
   

The offshore crane market in South Korea is expected to experience significant and promising growth from 2025 to 2034.
 

• South Korea's dominance in engineering and shipbuilding is driving the offshore crane market. Companies like Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding are investing in R&D to develop smart lifting systems with improved load management, corrosion resistance, and remote diagnostics for offshore operations.
   
• South Korea's Korean New Deal and Green Energy Strategy aim to enhance offshore capabilities and drive energy transition. These initiatives focus on offshore wind farms, digitalizing marine logistics, and modernizing port infrastructure, supported by incentives for automation and smart technologies.
   
• South Korea's export-driven economy drives local manufacturers to supply offshore cranes to markets like Southeast Asia, the Middle East, and Europe. Advanced crane modules in ships and rigs further boost production efficiency, solidifying the country's position as a global leader in offshore lifting technologies.
   
• South Korea's skilled workforce and advanced digital infrastructure are accelerating the adoption of smart offshore crane systems. These systems leverage AI-driven safety, virtual training, and real-time monitoring, positioning the country as a leader in sustainable offshore operations.
   
• In August 2024, South Korea's MOTIE introduced an Offshore Wind Power Supply Roadmap to deploy 7-8 GW of offshore wind capacity by mid-2026. The plan focuses on enhancing offshore infrastructure, including high-capacity cranes for floating wind installations and deep-sea platforms.
   

Asia Pacific Offshore Crane Market Share

• The top 7 companies in the Asia Pacific offshore crane market are Liebherr, Palfinger Marine, MacGregor, Terex, Cargotec, National Oilwell Varco (NOV) and Huisman Equipment contributed around 41% of the market in 2024.
   
• Liebherr's offshore cranes, equipped with active heave compensation, automation, and computerized monitoring, are widely used in APAC's offshore oil, gas, and wind projects. They offer high load capacities, precision handling, and durability in harsh marine conditions.
   
• Palfinger Marine offers offshore lifting devices, such as knuckle boom and deck cranes, known for modularity and safety. It is widely used in South Korea, Japan, and Southeast Asia.
   
• MacGregor, part of the Kongsberg Group, provides offshore cranes, mooring equipment, and cargo handling solutions. It focuses on energy efficiency, automation, and remote operations for deep-water oil and gas platforms and offshore wind projects in the Asia-Pacific region.
   
• Terex specializes in offshore heavy-load handling, offering cranes with advanced security, computerized controls, and precision for shipbuilding, ports, and offshore energy sectors.
   
• Cargotec's brand delivers automated, digitally controlled cranes and handling systems, known for reliability in harsh marine conditions, with growing adoption in offshore projects in India, China, and Australia.
   
• National Oilwell Varco (NOV) provides offshore cranes and lifting equipment for oil and gas platforms. Its products, designed for the APAC region, feature advanced engineering and digital monitoring to enhance safety and efficiency in deepwater operations.
   
• Huisman Equipment, a leading supplier of offshore crane systems, excels in high capacity lifting and modular offshore structure maintenance. Its advanced automation and heavy-lift features make it a preferred choice for complex projects in Japan, India, and Southeast Asia.
   

Asia Pacific Offshore Crane Market Companies

Major players operating in the Asia Pacific offshore crane industry are:

• Liebherr
• Heila Cranes
• Huisman Equipment
• Sparrows Offshore
• Cargotec
• Palfinger Marine
• MacGregor
• Kenz Figee
• National Oilwell Varco (NOV)
• Terex 
   
• Liebherr, Heila Cranes, and Huisman Equipment dominate the APAC offshore crane market, offering advanced lifting solutions. Liebherr supports oil, gas, and wind projects, Heila focuses on crane decks, and Huisman specializes in heavy-lift solutions for deep-water operations.
   
• Sparrows Offshore, Cargotec, and Palfinger Marine drive innovation in offshore lifting through modular design, remote control, and safety. Sparrows specializes in maintenance cranes, Cargotec focuses on automation with MacGregor products, and Palfinger offers cranes for shipyards, ports, and offshore wind.
   
• MACGregor, Kenz Figee, and National Oilwell Varco (NoV) focus on digital control and energy-efficient operations. MacGregor automates cargo handling and mooring, Kenz Figee provides specialized lifting systems, and NoV enhances safety and efficiency with engineering expertise and digital solutions for offshore and marine platforms.
   
• Terex bolsters the APAC market with its heavy-duty offshore crane, featuring safety measures, precise motion control, and high lifting capacity, ideal for shipyards, ports, and offshore energy projects.
   

Asia Pacific Offshore Crane Market News

• In July 2025, Huisman signed contracts to provide a 3,000 mt+ leg encircling crane (LEC) and a 40 mt pedestal-mounted crane for Cadeler’s new A-Class jack-up vessels, now under construction at COSCO and destined for North Sea service. Both crane systems are engineered to accommodate the largest monopile and jacket foundations projected for forthcoming offshore wind farm installations.
   
• In June 2025, Hyundai Heavy Industries unveiled its next-generation offshore crane system featuring autonomous swing control and real-time load monitoring. Designed for floating wind platforms in South Korea and Taiwan, the system enhances safety and precision in deep-sea lifting operations, supporting the region’s renewable energy expansion.
   
• In March 2025, Daewoo Shipbuilding & Marine Engineering (DSME) partnered with Japanese offshore developers to co-develop high-capacity cranes for floating LNG terminals. The collaboration focuses on hybrid-powered lifting systems and enhanced thermal resilience, addressing operational challenges in typhoon-prone zones.
   
• In July 2024, Singapore's Cyan Renewables acquired MMA Offshore, an Australian vessel operator, for A$1.1 billion. This acquisition strengthens Cyan's position in the Asia-Pacific offshore wind industry, enhancing its fleet and capabilities in the region.
   

The Asia Pacific offshore crane market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Mn) and volume (Units) from 2021 to 2034, for the following segments:

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Market, By Crane

• Knuckle boom crane
• Lattice boom crane
• Telescopic boom crane

Market, By Lifting Capacity

• 0-500 mt
• 500-3,000 mt
• Above 3,000 mt

Market, By Application

• Oil & gas platforms
• Offshore wind farms
• Subsea operations
• Marine vessels & FPSOs
• Others

Market, By Design

• Active heave compensated (AHC)
• Passive heave compensated (PHC)
• Non-compensated

Market, By Installation

• New installation
• Replacement/Retrofit

The above information is provided for the following regions and countries:

• China
• India
• Japan
• South Korea
• Australia
• Southeast Asia
  • Brunei
  • Cambodia
  • Indonesia
  • Laos
  • Malaysia
  • Myanmar
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
• Rest of APAC