PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1744490
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1744490
Global Mobile Crane Market is valued approximately at USD 15.26 billion in 2024 and is anticipated to grow with a robust CAGR of 6.70% over the forecast period 2025-2035. Mobile cranes have become indispensable assets in various construction and industrial operations due to their ability to combine high lifting capacities with mobility. These machines are designed to travel to worksites under their own power and perform lifting operations without the need for permanent installation-making them ideal for time-sensitive and large-scale infrastructure projects. The ongoing rise in global infrastructure investments, urbanization, and industrialization-particularly in developing economies-has pushed up the demand for mobile cranes significantly. Their usage spans high-rise construction, utility maintenance, manufacturing sites, and large-scale event setups, where time efficiency and adaptability to different terrains are crucial.
Governments worldwide are rolling out extensive infrastructure development plans, including new roads, bridges, railways, and energy plants, all of which require powerful lifting solutions. In response, manufacturers have begun integrating advanced technologies like telematics, GPS fleet tracking, and operator-assist features into mobile cranes to enhance precision, productivity, and safety. Among the various types, truck-mounted and crawler cranes have seen surging deployment in heavy-load vertical operations, while trailer-mounted cranes are gaining popularity in logistics and utility sectors. However, despite these advances, the mobile crane market faces headwinds in the form of high capital costs, environmental regulations, and skilled labor shortages-factors that could pose challenges, especially in cost-sensitive regions or fragmented construction ecosystems.
From a geographical standpoint, North America held a commanding position in the mobile crane market as of 2025, backed by mature construction and oil & gas sectors. The U.S. remains a technology-adopting frontrunner, with rapid investments in telecom towers, renewable energy projects, and commercial real estate fueling crane deployments. In contrast, Europe showcases significant uptake due to stringent safety standards and increasing adoption of hybrid and electric mobile cranes aligned with carbon neutrality goals. Asia Pacific, however, is expected to exhibit the fastest growth through 2035, powered by China's Belt and Road initiative, India's Smart Cities Mission, and Southeast Asia's industrial corridor developments. Meanwhile, Latin America and the Middle East & Africa are experiencing a steady expansion phase, largely driven by foreign investments in oil exploration, mining, and transportation infrastructure.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below: