Mobile Crane Market Size & Share 2021 to 2030
Market Size by Type (All Terrain Crane, Crawler Crane, Rough Terrain Crane, Truck Loader Crane), by Capacity, by Application (Construction & Mining, Utility, Manufacturing, Transport/Shipping, Oil & Gas/Energy) & Forecast.
Report ID: GMI5090
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Published Date: August 2021
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Report Format: PDF
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Authors:
Preeti Wadhwani, Aishvarya Ambekar
Mobile Crane Market Size
Mobile Crane Market size exceeded USD 15 billion in 2020 and is estimated to grow at over 5% CAGR between 2021 and 2030. The rapidly growing residential and commercial construction activities due to increasing urbanization are spurring the industry demand.
The rising importance of safe, cost-effective, and speedy material handling activities in the construction & transport sector is driving the market growth. The companies are focusing on introducing new low emission mobile crane models to contribute to sustainable environment. For instance, in December 2020, Liebherr Group introduced electric crawler cranes, LR1200.1 and LR.1250.1. These are the world’s first crawler cranes that are battery powered and are equipped with 255kW electrical engines.
The energy and oil & gas production industry is one of the vital growth drivers for the economic development of a country. Regional governments are taking initiatives to speed-up the construction projects by issuing special bonds and providing some relaxations in loan repayments. The government will also support companies with stable employment by extending deadlines for debt repayment.
The mobile crane market is experiencing high growth on account of the integration of smart technology. Established industry players are integrating telematics platform into cranes to enhance equipment efficiency and productivity. For instance, in May 2021, Terex Corporation announced new telematics platform T-Link for all Terex rough terrain cranes. T-Link platform assists equipment owners to track the equipment’s real-time activities and location, allowing owners to monitor and manage their fleet efficiently. Telematics platform will increase the equipment’s working effectiveness and life expectancy.
Key factors challenging the industry growth include high initial cost of mobile cranes and lack of skilled & competent operators. The improper use of heavy equipment may result in fatal accidents and injuries, restricting the mobile crane market demand. Several associations are taking efforts to develop new guidelines for crane safety regulations.
The mobile crane manufacturers experienced a substantial decline in market revenue owing to the outbreak of coronavirus. In the first three quarters of 2020, the mobile crane industry sales were declined impelled by several factors such as manufacturing & construction activities suspension, low demand, and supply chain disruption. Equipment companies, including Manitex and Tadano, reported a decline in their net sales for 2020. However, the market is anticipated to witness a steady growth recovery post pandemic owing to supportive government initiatives for construction activities.
Mobile Crane Market Analysis
All-terrain cranes held around 25% of the mobile crane market share in 2020. All-terrain cranes have the capacity to achieve robust maneuverability and ability to perform operations in harsh weather conditions with superior mobility. High-performance efficiency in a variety of sectors such as power stations, oil & gas production, and construction sites is likely to augment the industry statistics. Continuous new product launches in the all-terrain segment are propelling the market expansion.
The cranes with above 30 tons lifting capacity are expected to witness a growth rate of over 6.5% through 2030 led by their high lifting capacities and enhanced working height. Companies are upgrading their previous models with single engine design to reduce the emissions and overall operating costs, improving their market share.
The mobile crane market demand from construction application was valued at USD 8 billion in 2020. Supportive government regulations for the construction industry in several countries, including the U.S., India, Saudi Arabia, and Germany are enhancing the market growth. For instance, in January 2021, Saudi Government announced to build 170 km mega smart city “The Line” as part of its Neom Project. The city will be equipped with AI-enabled digital infrastructure, high speed transportation, and IoT-based logistics services.
The North America mobile crane market revenue crossed USD 4 billion in 2020, with about 7,000 units of new units sold. The U.S. and Canada government authorities are focusing on construction project investments to revive their economy after COVID-19 crisis. In March 2021, the U.S. Government announced the plan for economy reshape and infrastructure development with an investment of USD 2 trillion. The new investment will create several market opportunities in road construction, water pipes, high speed internet infrastructure, and public transit sectors. Increasing construction activities in the region are encouraging the industry players to invest in mobile cranes to increase their revenue.
Mobile Crane Market Share
Key mobile crane market participants include
Manufacturers are focusing on establishing strategic partnerships and acquisitions for their business expansion. The players are presenting their latest innovations in exhibitions to target the potential audience. For instance, in November 2020, Zoomlion Heavy Industry presented its various mobile cranes, including rough terrain, crawler, and truck crane, at the Bauma China 2020. This aided the company to showcase its products to potential customers at the exhibition.
This mobile crane market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2021 to 2030 for the following segments:
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Market, By Type
Market, By Application
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
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2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
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Verified data sources
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GMI archive
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Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →