The global market for Truck Mounted Crane was valued at USD 12.9 Billion in 2024 and is projected to reach USD 18.1 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Truck Mounted Crane Market - Key Trends & Drivers Summarized
What Are Truck Mounted Cranes and Why Are They Crucial?
Truck mounted cranes are versatile lifting machines mounted on commercial trucks, used for loading, unloading, and transporting heavy materials. These cranes combine the mobility of trucks with the lifting capacity of cranes, making them essential for construction, logistics, and industrial applications. Truck mounted cranes are crucial for tasks that require both transportation and lifting, such as construction site operations, utility maintenance, and material handling. Their ability to move quickly between job sites and perform a wide range of lifting tasks makes them valuable assets in various industries.How Have Technological Innovations Shaped the Market?
Technological innovations have significantly influenced the design and functionality of truck mounted cranes. Advances in hydraulic systems have improved the lifting capacity and precision of these cranes, enabling them to handle heavier loads with greater control. The integration of advanced control systems, including remote and automated controls, has enhanced the safety and efficiency of crane operations. The development of lightweight and high-strength materials has increased the durability and mobility of truck mounted cranes, allowing for more versatile applications. Additionally, advancements in engine and fuel technologies have improved the environmental performance and fuel efficiency of truck mounted cranes, addressing sustainability concerns. These technological advancements have expanded the capabilities and applications of truck mounted cranes, driving their adoption in various sectors.Who Are the Major Users and What Are Their Needs?
The major users of truck mounted cranes include construction companies, logistics providers, and utility maintenance firms. Construction companies use these cranes for lifting and transporting materials on construction sites, requiring cranes that offer high lifting capacity, mobility, and reliability. Logistics providers rely on truck mounted cranes for loading and unloading goods, demanding cranes that provide efficient and safe material handling. Utility maintenance firms use truck mounted cranes for tasks such as repairing and installing utility poles and equipment, seeking cranes that offer precision and ease of operation. Each user group values truck mounted cranes that provide versatility, durability, and efficiency to meet their specific operational needs.What Is Driving Growth in the Truck Mounted Crane Market?
The growth in the truck mounted crane market is driven by several factors, including the expanding construction industry, increasing infrastructure development, and advancements in crane technology. The growing construction industry, driven by urbanization and infrastructure projects, has increased the demand for versatile and mobile lifting equipment like truck mounted cranes. Increasing infrastructure development, including transportation, utilities, and energy projects, has further fueled the demand for these cranes. Advancements in crane technology, including improved hydraulic systems, advanced control mechanisms, and lightweight materials, have enhanced the performance and appeal of truck mounted cranes. Additionally, the rising focus on operational efficiency and safety in material handling and construction activities has supported the adoption of truck mounted cranes in various sectors.Report Scope
The report analyzes the Truck Mounted Crane market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Product Type (Knuckle Boom, Stiff Boom); End-Use (Manufacturing, Residential & Commercial Buildings, Infrastructure, Utilities).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Knuckle Boom Crane segment, which is expected to reach $11.5 Billion by 2030 with a CAGR of a 6.4%. The Stiff Boom Crane segment is also set to grow at 4.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $3.4 Billion in 2024, and China, forecasted to grow at an impressive 9.3% CAGR to reach $4.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Altec Industries, Inc., Bocker Maschinenwerke GmbH, Elliott Equipment Company, Kato Works Co., Ltd., Liebherr-International AG (Liebherr Group) and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Truck Mounted Crane Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Truck Mounted Crane Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Truck Mounted Crane Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 47 major companies featured in this Truck Mounted Crane market report include:
- Altec Industries, Inc.
- Bocker Maschinenwerke GmbH
- Elliott Equipment Company
- Kato Works Co., Ltd.
- Liebherr-International AG (Liebherr Group)
- Link-Belt Cranes
- Manitex International, Inc.
- Manitowoc Co., Inc.
- MPG Makina Produksiyon Grubu
- Ormig SpA
- Sany Group Co., Ltd.
- Tadano Ltd.
- Terex Corporation
- Xuzhou Construction Machinery Group Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Altec Industries, Inc.
- Bocker Maschinenwerke GmbH
- Elliott Equipment Company
- Kato Works Co., Ltd.
- Liebherr-International AG (Liebherr Group)
- Link-Belt Cranes
- Manitex International, Inc.
- Manitowoc Co., Inc.
- MPG Makina Produksiyon Grubu
- Ormig SpA
- Sany Group Co., Ltd.
- Tadano Ltd.
- Terex Corporation
- Xuzhou Construction Machinery Group Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 297 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 12.9 Billion |
| Forecasted Market Value ( USD | $ 18.1 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
