Mobile Cranes Market Report 2026

The mobile cranes market size has grown strongly in recent years. It will grow from $17.31 billion in 2025 to $18.3 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in construction and mining activities, expansion of urban infrastructure projects, increasing reliance on crane rental services, rising demand from oil and gas projects, need for flexible lifting solutions.

The mobile cranes market size is expected to see strong growth in the next few years. It will grow to $22.82 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing investments in large scale infrastructure development, growth in renewable energy installations, rising demand for efficient material handling equipment, expansion of smart city projects, technological advancements in crane safety and control systems. Major trends in the forecast period include growing demand for rental based mobile crane services, rising adoption of all terrain and rough terrain cranes, increasing use of high capacity cranes in infrastructure projects, preference for compact and easily transportable cranes, expansion of mobile crane usage in energy and utility projects.

Government initiatives aimed at boosting construction activities are anticipated to drive the growth of the mobile cranes market in the coming years. Numerous governments worldwide are promoting construction to enhance infrastructure. Mobile cranes are commonly utilized in the construction of buildings and the installation of large equipment. For example, in July 2024, the Office for National Statistics, a UK-based organization, reported that total investment in the infrastructure sector reached approximately $17.5 billion in 2023, representing a 3.9% increase from 2022 when adjusted for constant prices. Therefore, government initiatives are fueling the growth of the mobile cranes market.

Major players in the mobile cranes market are directing efforts toward innovative products like electric mobile cranes to bolster their market presence. Electric mobile cranes, powered by electricity and often employing electric motors, operate without traditional fuel sources such as diesel or gasoline. For instance, in February 2023, Action Construction Equipment (ACE), an India-based manufacturing company, launched the ACE F150-ev 4X4, an electric mobile crane optimized for road trips and diverse applications. Engineered for Indian terrains, this electric crane prioritizes power, productivity, and sustainability while ensuring versatility. Its four-wheel drive system, traction capabilities, and safety features cater to rugged terrains, epitomizing durability and stability in operation.

In January 2025, Tadano Ltd., a Japan-based manufacturer of mobile cranes, acquired Manitex International for an undisclosed sum. Through this acquisition, Tadano made Manitex a wholly owned subsidiary, delisted its shares from Nasdaq, and enhanced its mobile crane portfolio while expanding its presence in the North American market. Manitex International, based in the US, specializes in truck-mounted and mobile cranes.

Major companies operating in the mobile cranes market are Terex Corporation, Kobelco Construction Machinery Co. Ltd., Palfinger AG, Bauer AG, SANY Group, Zoomlion Heavy Industry Science and Technology Co. Ltd., Manitowoc Company Inc., Manitex Inc., Liebherr Group, Kato Works Co. Ltd., Tadano Limited, Xuzhou Construction Machinery Group Co. Ltd., Sumitomo Heavy Industries Limited, LiuGong Machinery Company Limited, Konecranes, Favelle Favco Group, American Crane & Equipment Corp., Zhenhua Heavy Industries Co. Ltd., Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd., Sennebogen Maschinenfabrik GmbH, Link-Belt Cranes, Grove Worldwide LLC, Demag Cranes & Components GmbH, Hiab AB, Huisman Equipment B.V., Fassi Gru S.p.A., Effer S.p.A.

Asia-Pacific was the largest region in the mobile cranes market in 2025. The regions covered in the mobile cranes market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mobile cranes market consists of sales of rough terrain crane and truck loader cranes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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