Global Offshore Crane Market Size Study & Forecast, by Type (Knuckle Boom Crane, Lattice Boom Crane, Telescope Boom Crane), by Capacity (Up to 1,000 MT, Above 3,000 MT) and Regional Forecasts 2025-2035

Description

The Global Offshore Crane Market is valued at approximately USD 2.18 billion in 2024 and is expected to expand at a steady CAGR of 4.10% during the forecast period of 2025-2035, ultimately reaching nearly USD 3.39 billion by 2035. Offshore cranes are highly specialized lifting systems engineered to operate under extreme marine conditions, enabling the safe handling of heavy loads on offshore platforms, vessels, and floating structures. These cranes play a mission-critical role in offshore oil & gas operations, subsea construction, and the fast-evolving offshore renewable energy ecosystem, where precision, reliability, and safety cannot be compromised.

Market expansion is being driven by rising offshore exploration activities, the redevelopment of mature oilfields, and the accelerating deployment of offshore wind farms across global waters. As operators seek to scale up installation efficiency while minimizing operational risks, demand is being ramped up for technologically advanced cranes with higher lifting capacities, remote monitoring capabilities, and enhanced corrosion resistance. At the same time, digital load control systems and automation are being phased in to optimize offshore logistics and reduce downtime. Nevertheless, high capital expenditure requirements and extended certification cycles may act as moderating forces during the forecast period of 2025-2035.

The detailed segments and sub-segments included in the report are:

By Type:

Knuckle Boom Crane
Lattice Boom Crane
Telescope Boom Crane

By Capacity:

Up to 1,000 MT
1,000 MT to 2,000 MT
2,000 MT to 3,000 MT
Above 3,000 MT

By Application:

Oil and Gas
Renewable Energy
Other

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Knuckle boom cranes are expected to dominate the Global Offshore Crane Market over the forecast horizon, accounting for the largest share due to their compact design, flexible articulation, and superior operational control in confined offshore environments. These cranes are widely deployed on offshore platforms and service vessels where space optimization and load precision are paramount. Their ability to fold away when not in use and handle complex lifting paths makes them a preferred choice across both oil & gas installations and renewable energy support vessels.

From a revenue perspective, cranes with capacities up to 1,000 MT currently lead the market, as they strike a commercial balance between lifting capability and cost efficiency. These cranes are extensively used for routine offshore maintenance, module handling, and wind turbine servicing activities. While ultra-high-capacity cranes above 3,000 MT are gaining visibility for large-scale offshore wind and heavy-lift projects, their adoption remains comparatively limited due to high procurement costs and specialized deployment requirements. As a result, mid-range capacity cranes continue to anchor global revenue generation.

The key regions considered for the Global Offshore Crane Market include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe holds a prominent position, driven by sustained investments in offshore wind energy and a mature offshore engineering ecosystem. North America follows closely, supported by offshore oil & gas activity in the Gulf of Mexico and increasing renewable installations along the eastern seaboard. Asia Pacific is projected to emerge as the fastest-growing region during the forecast period, fueled by expanding offshore energy projects in China, South Korea, and Japan. Meanwhile, the Middle East & Africa and Latin America are steadily gaining traction as offshore exploration and field development projects are phased up.

Major market players included in this report are:

Liebherr Group
Palfinger AG
Konecranes Plc
Terex Corporation
Cargotec Corporation
Manitowoc Company, Inc.
Huisman Equipment B.V.
MacGregor (Cargotec)
Tadano Ltd.
Zoomlion Heavy Industry Science & Technology Co., Ltd.
SANY Group
NOV Inc.
Heila Cranes S.p.A.
Bergen Group
XCMG Group

Global Offshore Crane Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast their evolution over the coming decade. The report is structured to blend quantitative metrics with qualitative insights, capturing technology trends, investment patterns, and regulatory influences shaping offshore lifting operations. It further identifies high-growth micro-markets for stakeholders while delivering an in-depth assessment of the competitive landscape and product strategies adopted by leading manufacturers.

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Offshore Crane Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Offshore Crane Market Forces Analysis

3.1. Market Forces Shaping The Global Offshore Crane Market (2024-2035)
3.2. Drivers
- 3.2.1. rising offshore exploration activities
- 3.2.2. redevelopment of mature oilfields
3.3. Restraints
- 3.3.1. high capital expenditure requirements and extended certification cycles
3.4. Opportunities
- 3.4.1. accelerating deployment of offshore wind farms across global waters

Chapter 4. Global Offshore Crane Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Offshore Crane Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Offshore Crane Market Performance - Potential Analysis (2025)
5.3. Knuckle Boom Crane
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Lattice Boom Crane
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Telescope Boom Crane
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Offshore Crane Market Size & Forecasts by Capacity 2025-2035

6.1. Market Overview
6.2. Global Offshore Crane Market Performance - Potential Analysis (2025)
6.3. Up to 1,000 MT
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. 1,000 MT to 2,000 MT
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. 2,000 MT to 3,000 MT
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Above 3,000 MT
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Offshore Crane Market Size & Forecasts by Application 2025-2035

7.1. Market Overview
7.2. Global Offshore Crane Market Performance - Potential Analysis (2025)
7.3. Oil and Gas
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Renewable Energy
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Others
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Offshore Crane Market Size & Forecasts by Region 2025-2035

8.1. Growth Offshore Crane Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Offshore Crane Market
- 8.3.1. U.S. Offshore Crane Market
  - 8.3.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Offshore Crane Market
  - 8.3.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe Offshore Crane Market
- 8.4.1. UK Offshore Crane Market
  - 8.4.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Offshore Crane Market
  - 8.4.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France Offshore Crane Market
  - 8.4.3.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Offshore Crane Market
  - 8.4.4.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Offshore Crane Market
  - 8.4.5.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Offshore Crane Market
  - 8.4.6.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Offshore Crane Market
- 8.5.1. China Offshore Crane Market
  - 8.5.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India Offshore Crane Market
  - 8.5.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Offshore Crane Market
  - 8.5.3.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Offshore Crane Market
  - 8.5.4.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Offshore Crane Market
  - 8.5.5.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Offshore Crane Market
  - 8.5.6.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America Offshore Crane Market
- 8.6.1. Brazil Offshore Crane Market
  - 8.6.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Offshore Crane Market
  - 8.6.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Offshore Crane Market
- 8.7.1. UAE Offshore Crane Market
  - 8.7.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Offshore Crane Market
  - 8.7.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Offshore Crane Market
  - 8.7.3.1. Type breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Capacity breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Liebherr Group
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Palfinger AG
9.4. Konecranes Plc
9.5. Terex Corporation
9.6. Cargotec Corporation
9.7. Manitowoc Company, Inc.
9.8. Huisman Equipment B.V.
9.9. MacGregor (Cargotec)
9.10. Tadano Ltd.
9.11. Zoomlion Heavy Industry Science & Technology Co., Ltd.
9.12. SANY Group
9.13. NOV Inc.
9.14. Heila Cranes S.p.A.
9.15. Bergen Group
9.16. XCMG Group