The global market for Mobile and Tower Cranes was estimated at US$27.1 Billion in 2023 and is projected to reach US$31.8 Billion by 2030, growing at a CAGR of 2.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The importance of mobile and tower cranes lies in their ability to lift heavy loads, transport materials efficiently, and ensure safety on construction sites. They are essential for a wide range of projects, including residential buildings, commercial complexes, transportation infrastructure, energy facilities, and industrial installations. As the demand for taller buildings, heavier lifts, and more complex structures grows, mobile and tower cranes have become indispensable tools in modern construction, enabling greater productivity, operational efficiency, and safety across projects.
The development of automated and semi-automated crane controls has further improved the precision and safety of crane operations. Modern mobile and tower cranes are equipped with features like anti-collision systems, load moment indicators (LMI), and advanced stability controls that enhance operational safety. Automated controls allow for more precise movements, reducing the risk of human error and improving lifting accuracy. In tower cranes, technologies like remote control operation enable safer and more efficient operations, as operators can control the crane from ground-level cabins or remote consoles, enhancing visibility and safety.
Advancements in hybrid and electric power systems have also shaped the market for mobile and tower cranes. The introduction of hybrid engines and battery-powered systems has improved the fuel efficiency and environmental impact of mobile cranes, aligning with global efforts toward sustainable construction practices. Electric tower cranes are increasingly being adopted in urban construction due to their lower noise levels, zero emissions, and reduced operating costs. These technological innovations not only expand the capabilities of mobile and tower cranes but also align with broader trends toward automation, digitalization, and sustainability in construction and heavy lifting operations.
In infrastructure projects, mobile cranes are critical for the construction of bridges, highways, railways, and airports. All-terrain and rough terrain cranes provide the mobility needed to operate in challenging conditions, making them essential for road construction, bridge assembly, and highway maintenance. Crawler cranes, with their higher lifting capacity and stability, are used for major infrastructure projects like bridge segments, wind turbine installation, and power plant construction, where heavy lifts are required over long durations.
In the energy sector, both mobile and tower cranes play a crucial role in the installation and maintenance of renewable energy infrastructure, such as wind turbines and solar farms. Mobile cranes are used to transport and install large wind turbine components, while tower cranes are deployed for building and maintaining high-rise structures like offshore wind platforms. In the industrial sector, cranes are used for erecting large machinery, assembling industrial plants, and handling heavy equipment in manufacturing and petrochemical facilities.
In port and logistics operations, mobile cranes are used to load and unload cargo, move containers, and perform ship-to-shore operations. Their mobility and versatility make them suitable for managing varying cargo sizes and weights in dynamic port environments. The expanding applications of mobile and tower cranes across these sectors highlight their critical role in enabling safe, efficient, and high-capacity lifting in diverse operational settings, supporting both construction and industrial growth.
The growing focus on urbanization and high-rise construction has further fueled demand for tower cranes. As cities expand vertically, there is an increasing need for cranes that can reach greater heights and lift heavier loads, making tower cranes essential for residential, commercial, and mixed-use developments. Additionally, the rise of modular construction, which involves lifting prefabricated modules into place, has boosted the demand for cranes capable of precise and heavy lifting.
Advancements in safety, automation, and energy efficiency have also contributed to the growth of the mobile and tower cranes market. Enhanced safety features, such as anti-collision systems, load monitoring, and automated controls, have improved crane operations, making them safer and more reliable. The adoption of hybrid and electric cranes, which offer reduced fuel consumption and lower emissions, aligns with global sustainability goals, further driving market adoption. The use of remote monitoring and telematics has also improved fleet management, enabling construction companies to optimize crane utilization, enhance maintenance schedules, and reduce operational costs.
With ongoing innovations in automation, digitalization, and sustainable power systems, the mobile and tower cranes market is poised for strong growth. These trends, combined with increasing demand for efficient material handling, high-capacity lifting, and improved safety, make mobile and tower cranes a vital component of modern construction, infrastructure, and industrial strategies across various sectors.
What Are Mobile and Tower Cranes, and Why Are They So Crucial in Modern Construction and Industrial Operations?
Mobile and Tower Cranes are heavy lifting machines essential for various construction, industrial, and infrastructure projects. Mobile cranes are versatile, wheeled or track-mounted cranes designed for quick setup and transport to different job sites, whereas tower cranes are fixed, high-rise cranes that offer greater height and lifting capacity for tall structures like skyscrapers, bridges, and industrial plants. Mobile cranes include types like all-terrain cranes, truck-mounted cranes, rough terrain cranes, and crawler cranes, while tower cranes encompass luffing jib cranes, hammerhead cranes, and self-erecting cranes.The importance of mobile and tower cranes lies in their ability to lift heavy loads, transport materials efficiently, and ensure safety on construction sites. They are essential for a wide range of projects, including residential buildings, commercial complexes, transportation infrastructure, energy facilities, and industrial installations. As the demand for taller buildings, heavier lifts, and more complex structures grows, mobile and tower cranes have become indispensable tools in modern construction, enabling greater productivity, operational efficiency, and safety across projects.
How Are Technological Advancements Shaping the Mobile and Tower Cranes Market?
Technological advancements have significantly enhanced the safety, performance, and versatility of Mobile and Tower Cranes, driving innovation across construction and industrial sectors. One of the major developments is the integration of telematics and IoT (Internet of Things) systems in crane operations. These systems provide real-time monitoring of crane performance, load weight, fuel consumption, and maintenance needs. Telematics help operators and site managers track equipment health, optimize usage, and ensure compliance with safety standards, reducing downtime and maintenance costs.The development of automated and semi-automated crane controls has further improved the precision and safety of crane operations. Modern mobile and tower cranes are equipped with features like anti-collision systems, load moment indicators (LMI), and advanced stability controls that enhance operational safety. Automated controls allow for more precise movements, reducing the risk of human error and improving lifting accuracy. In tower cranes, technologies like remote control operation enable safer and more efficient operations, as operators can control the crane from ground-level cabins or remote consoles, enhancing visibility and safety.
Advancements in hybrid and electric power systems have also shaped the market for mobile and tower cranes. The introduction of hybrid engines and battery-powered systems has improved the fuel efficiency and environmental impact of mobile cranes, aligning with global efforts toward sustainable construction practices. Electric tower cranes are increasingly being adopted in urban construction due to their lower noise levels, zero emissions, and reduced operating costs. These technological innovations not only expand the capabilities of mobile and tower cranes but also align with broader trends toward automation, digitalization, and sustainability in construction and heavy lifting operations.
What Are the Emerging Applications of Mobile and Tower Cranes Across Different Sectors?
Mobile and Tower Cranes are finding expanding applications across various sectors, driven by the need for efficient lifting solutions in construction, infrastructure, and industrial projects. In residential and commercial construction, tower cranes are widely used for high-rise buildings, offering the height and capacity needed to lift heavy materials like steel beams, concrete slabs, and prefabricated components. Self-erecting tower cranes are popular for mid-rise projects, as they offer quick setup and can operate in tight urban spaces, supporting rapid construction timelines.In infrastructure projects, mobile cranes are critical for the construction of bridges, highways, railways, and airports. All-terrain and rough terrain cranes provide the mobility needed to operate in challenging conditions, making them essential for road construction, bridge assembly, and highway maintenance. Crawler cranes, with their higher lifting capacity and stability, are used for major infrastructure projects like bridge segments, wind turbine installation, and power plant construction, where heavy lifts are required over long durations.
In the energy sector, both mobile and tower cranes play a crucial role in the installation and maintenance of renewable energy infrastructure, such as wind turbines and solar farms. Mobile cranes are used to transport and install large wind turbine components, while tower cranes are deployed for building and maintaining high-rise structures like offshore wind platforms. In the industrial sector, cranes are used for erecting large machinery, assembling industrial plants, and handling heavy equipment in manufacturing and petrochemical facilities.
In port and logistics operations, mobile cranes are used to load and unload cargo, move containers, and perform ship-to-shore operations. Their mobility and versatility make them suitable for managing varying cargo sizes and weights in dynamic port environments. The expanding applications of mobile and tower cranes across these sectors highlight their critical role in enabling safe, efficient, and high-capacity lifting in diverse operational settings, supporting both construction and industrial growth.
What Drives Growth in the Mobile and Tower Cranes Market?
The growth in the Mobile and Tower Cranes market is driven by several factors, including increasing infrastructure development, rising demand for high-rise construction, and advancements in crane technology. One of the primary growth drivers is the global increase in infrastructure projects, particularly in emerging economies, where governments are investing heavily in transportation networks, energy facilities, and urban development. As these projects require heavy lifting and material handling, the demand for high-capacity mobile and tower cranes has surged.The growing focus on urbanization and high-rise construction has further fueled demand for tower cranes. As cities expand vertically, there is an increasing need for cranes that can reach greater heights and lift heavier loads, making tower cranes essential for residential, commercial, and mixed-use developments. Additionally, the rise of modular construction, which involves lifting prefabricated modules into place, has boosted the demand for cranes capable of precise and heavy lifting.
Advancements in safety, automation, and energy efficiency have also contributed to the growth of the mobile and tower cranes market. Enhanced safety features, such as anti-collision systems, load monitoring, and automated controls, have improved crane operations, making them safer and more reliable. The adoption of hybrid and electric cranes, which offer reduced fuel consumption and lower emissions, aligns with global sustainability goals, further driving market adoption. The use of remote monitoring and telematics has also improved fleet management, enabling construction companies to optimize crane utilization, enhance maintenance schedules, and reduce operational costs.
Government regulations
and incentives for infrastructure development have played a key role in driving demand for cranes. Public sector investments in transportation infrastructure, energy projects, and housing developments have increased the need for lifting solutions, boosting demand for mobile and tower cranes across regions. The rising emphasis on safety and compliance in construction and industrial sectors has also spurred demand for advanced cranes that meet safety standards, support complex lifts, and enhance overall site efficiency.With ongoing innovations in automation, digitalization, and sustainable power systems, the mobile and tower cranes market is poised for strong growth. These trends, combined with increasing demand for efficient material handling, high-capacity lifting, and improved safety, make mobile and tower cranes a vital component of modern construction, infrastructure, and industrial strategies across various sectors.
Scope of the Study
The report analyzes the Mobile and Tower Cranes market, presented in terms of market value (US$ Million). The analysis covers the key segments and geographic regions outlined below.Segments
Application (Oil & Gas, Construction, Shipping & Port, Other Applications); Type (Mobile Cranes, Tower Cranes)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 Mobile Cranes segment, which is expected to reach US$19.3 Billion by 2030 with a CAGR of a 2.5%. The Tower Cranes segment is also set to grow at 2.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.2 Billion in 2023, and China, forecasted to grow at an impressive 4.3% CAGR to reach $6.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Mobile and Tower Cranes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Mobile and Tower Cranes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Mobile and Tower Cranes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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 in the Global Mobile and Tower Cranes Market such as ELMAK, Favelle Favco Group, Fushun Yongmao Construction Machinery Co., Ltd., Hyva Cranes, Konecranes and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 21 companies featured in this Global Mobile and Tower Cranes Market report include:
- ELMAK
- Favelle Favco Group
- Fushun Yongmao Construction Machinery Co., Ltd.
- Hyva Cranes
- Konecranes
- Liebherr Group
- Manitex International, Inc.
- Manitowoc Co., Inc.
- Sany Heavy Industry Co., Ltd.
- Tadano Faun GmvH
- Terex Corporation
- WOLFFKRAN International AG
- Zoomlion Heavy Industry Science & Technology 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
- ELMAK
- Favelle Favco Group
- Fushun Yongmao Construction Machinery Co., Ltd.
- Hyva Cranes
- Konecranes
- Liebherr Group
- Manitex International, Inc.
- Manitowoc Co., Inc.
- Sany Heavy Industry Co., Ltd.
- Tadano Faun GmvH
- Terex Corporation
- WOLFFKRAN International AG
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 284 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 27.1 Billion |
| Forecasted Market Value ( USD | $ 31.8 Billion |
| Compound Annual Growth Rate | 2.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
