PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1919713
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1919713
Mobile Crane Market Insights, Competitive Landscape, and Market Forecast - 2033
The global Mobile Crane Market is poised for steady growth over the coming years, with its market valuation expected to reach USD 14.8 billion in 2026 and expand to USD 22.4 billion by 2033, registering a CAGR of 6.1%. This growth is driven by accelerating urbanization, large-scale infrastructure projects, and rising demand for versatile lifting solutions across construction, energy, and industrial sectors.
Market Insights
Mobile cranes have become indispensable across various industries due to their mobility, operational flexibility, and ability to perform heavy lifting tasks in challenging environments. Their efficiency on uneven terrains and in confined spaces makes them ideal for construction sites, shipyards, and energy projects.
Technological advancements in mobile cranes, including automation, telematics, hybrid power solutions, and enhanced safety features, are significantly boosting market adoption. These innovations reduce operational downtime, optimize productivity, and lower overall costs, making mobile cranes a preferred choice for contractors and industrial operators worldwide.
The increasing need for rapid construction of urban infrastructure, oil & gas facilities, and power plants is further fueling market expansion. Additionally, the demand for cranes capable of performing specialized operations, such as offshore lifting or heavy industrial installation, is creating niche opportunities for manufacturers.
Market Drivers
- 1. Expansion of urban infrastructure projects in developing economies is driving the adoption of mobile cranes for heavy lifting and construction activities.
- 2. Growing investments in oil & gas, shipbuilding, and power sectors are creating demand for cranes capable of handling complex industrial tasks efficiently.
Market Trends
- 1. Adoption of IoT and smart technologies in mobile cranes for real-time monitoring, operational safety, and predictive maintenance.
- 2. Increased focus on eco-friendly and fuel-efficient crane models to comply with environmental regulations and sustainability initiatives.
Business Opportunities
The mobile crane market offers significant business opportunities for manufacturers, service providers, and technology innovators. With the surge in mega infrastructure projects globally, companies can explore expansion in emerging markets with high growth potential. Additionally, the development of compact, hybrid, and specialized cranes for specific industrial applications presents avenues to cater to niche segments, including renewable energy installations and industrial maintenance projects.
Regional Analysis
North America remains a prominent market for mobile cranes, primarily due to the region's robust construction and industrial sectors. The U.S. leads the market, driven by technologically advanced crane models, stringent safety standards, and ongoing investments in industrial infrastructure.
Europe demonstrates steady growth, supported by infrastructure modernization projects and high demand for eco-friendly mobile cranes. Countries such as Germany, France, and the U.K. are investing heavily in construction, logistics, and energy infrastructure, creating opportunities for crane manufacturers.
Asia Pacific is expected to witness the fastest growth due to rapid urbanization, industrial expansion, and large-scale infrastructure development in nations like China, India, and Japan. Government investments in roads, bridges, energy projects, and industrial zones are driving demand for versatile lifting solutions in the region.
Latin America and the Middle East & Africa are emerging as important markets for mobile cranes. Investments in industrialization, oil & gas exploration, and urban infrastructure projects in these regions are providing opportunities for manufacturers to expand their footprint and offer customized solutions.
Key Players
The global mobile crane market is highly competitive, with leading players leveraging product innovation, technological advancements, and strategic partnerships to strengthen their presence. Key companies include:
- Liebherr Group
- Terex Corporation
- Tadano Ltd.
- XCMG Group
- Sany Heavy Industry Co., Ltd.
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Kobelco Construction Machinery Co., Ltd.
- Manitowoc Company, Inc. (Grove)
- Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
- Kato Works Co., Ltd.
- Faun GmbH (Mammoet / TII Group)
- Maximal Crane Works (MCW)
- Jiangsu Heyi Heavy Industry Co., Ltd.
- Ormig Srl
- Fassi Gru S.p.A.
These companies are actively focusing on mergers and acquisitions, launching innovative products, and enhancing technological capabilities to address the rising demand for advanced mobile cranes across multiple applications.
Market Segmentation
By Type
- Truck Crane
- All Terrain Crane
- Rough Terrain Crane
- Crawler Crane
- Others
By Application
- Construction
- Oil & Gas
- Ship Building
- Power & Utilities
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Mobile Crane Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2026
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. COVID-19 Impact Analysis
- 2.5. Porter's Fiver Forces Analysis
- 2.6. Impact of Russia-Ukraine Conflict
- 2.7. PESTLE Analysis
- 2.8. Regulatory Analysis
- 2.9. Price Trend Analysis
- 2.9.1. Current Prices and Future Projections, 2025-2033
- 2.9.2. Price Impact Factors
3. Global Mobile Crane Market Outlook, 2020 - 2033
- 3.1. Global Mobile Crane Market Outlook, by Type, Value (US$ Bn), 2020-2033
- 3.1.1. Truck Crane
- 3.1.2. All Terrain Crane
- 3.1.3. Rough Terrain Crane
- 3.1.4. Crawler Crane
- 3.1.5. Others
- 3.2. Global Mobile Crane Market Outlook, by Application, Value (US$ Bn), 2020-2033
- 3.2.1. Construction
- 3.2.2. Oil & Gas
- 3.2.3. Ship Building
- 3.2.4. Power & Utilities
- 3.2.5. Others
- 3.3. Global Mobile Crane Market Outlook, by Region, Value (US$ Bn), 2020-2033
- 3.3.1. North America
- 3.3.2. Europe
- 3.3.3. Asia Pacific
- 3.3.4. Latin America
- 3.3.5. Middle East & Africa
4. North America Mobile Crane Market Outlook, 2020 - 2033
- 4.1. North America Mobile Crane Market Outlook, by Type, Value (US$ Bn), 2020-2033
- 4.1.1. Truck Crane
- 4.1.2. All Terrain Crane
- 4.1.3. Rough Terrain Crane
- 4.1.4. Crawler Crane
- 4.1.5. Others
- 4.2. North America Mobile Crane Market Outlook, by Application, Value (US$ Bn), 2020-2033
- 4.2.1. Construction
- 4.2.2. Oil & Gas
- 4.2.3. Ship Building
- 4.2.4. Power & Utilities
- 4.2.5. Others
- 4.3. North America Mobile Crane Market Outlook, by Country, Value (US$ Bn), 2020-2033
- 4.3.1. U.S. Mobile Crane Market Outlook, by Type, 2020-2033
- 4.3.2. U.S. Mobile Crane Market Outlook, by Application, 2020-2033
- 4.3.3. Canada Mobile Crane Market Outlook, by Type, 2020-2033
- 4.3.4. Canada Mobile Crane Market Outlook, by Application, 2020-2033
- 4.4. BPS Analysis/Market Attractiveness Analysis
5. Europe Mobile Crane Market Outlook, 2020 - 2033
- 5.1. Europe Mobile Crane Market Outlook, by Type, Value (US$ Bn), 2020-2033
- 5.1.1. Truck Crane
- 5.1.2. All Terrain Crane
- 5.1.3. Rough Terrain Crane
- 5.1.4. Crawler Crane
- 5.1.5. Others
- 5.2. Europe Mobile Crane Market Outlook, by Application, Value (US$ Bn), 2020-2033
- 5.2.1. Construction
- 5.2.2. Oil & Gas
- 5.2.3. Ship Building
- 5.2.4. Power & Utilities
- 5.2.5. Others
- 5.3. Europe Mobile Crane Market Outlook, by Country, Value (US$ Bn), 2020-2033
- 5.3.1. Germany Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.2. Germany Mobile Crane Market Outlook, by Application, 2020-2033
- 5.3.3. Italy Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.4. Italy Mobile Crane Market Outlook, by Application, 2020-2033
- 5.3.5. France Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.6. France Mobile Crane Market Outlook, by Application, 2020-2033
- 5.3.7. U.K. Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.8. U.K. Mobile Crane Market Outlook, by Application, 2020-2033
- 5.3.9. Spain Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.10. Spain Mobile Crane Market Outlook, by Application, 2020-2033
- 5.3.11. Russia Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.12. Russia Mobile Crane Market Outlook, by Application, 2020-2033
- 5.3.13. Rest of Europe Mobile Crane Market Outlook, by Type, 2020-2033
- 5.3.14. Rest of Europe Mobile Crane Market Outlook, by Application, 2020-2033
- 5.4. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Mobile Crane Market Outlook, 2020 - 2033
- 6.1. Asia Pacific Mobile Crane Market Outlook, by Type, Value (US$ Bn), 2020-2033
- 6.1.1. Truck Crane
- 6.1.2. All Terrain Crane
- 6.1.3. Rough Terrain Crane
- 6.1.4. Crawler Crane
- 6.1.5. Others
- 6.2. Asia Pacific Mobile Crane Market Outlook, by Application, Value (US$ Bn), 2020-2033
- 6.2.1. Construction
- 6.2.2. Oil & Gas
- 6.2.3. Ship Building
- 6.2.4. Power & Utilities
- 6.2.5. Others
- 6.3. Asia Pacific Mobile Crane Market Outlook, by Country, Value (US$ Bn), 2020-2033
- 6.3.1. China Mobile Crane Market Outlook, by Type, 2020-2033
- 6.3.2. China Mobile Crane Market Outlook, by Application, 2020-2033
- 6.3.3. Japan Mobile Crane Market Outlook, by Type, 2020-2033
- 6.3.4. Japan Mobile Crane Market Outlook, by Application, 2020-2033
- 6.3.5. South Korea Mobile Crane Market Outlook, by Type, 2020-2033
- 6.3.6. South Korea Mobile Crane Market Outlook, by Application, 2020-2033
- 6.3.7. India Mobile Crane Market Outlook, by Type, 2020-2033
- 6.3.8. India Mobile Crane Market Outlook, by Application, 2020-2033
- 6.3.9. Southeast Asia Mobile Crane Market Outlook, by Type, 2020-2033
- 6.3.10. Southeast Asia Mobile Crane Market Outlook, by Application, 2020-2033
- 6.3.11. Rest of SAO Mobile Crane Market Outlook, by Type, 2020-2033
- 6.3.12. Rest of SAO Mobile Crane Market Outlook, by Application, 2020-2033
- 6.4. BPS Analysis/Market Attractiveness Analysis
7. Latin America Mobile Crane Market Outlook, 2020 - 2033
- 7.1. Latin America Mobile Crane Market Outlook, by Type, Value (US$ Bn), 2020-2033
- 7.1.1. Truck Crane
- 7.1.2. All Terrain Crane
- 7.1.3. Rough Terrain Crane
- 7.1.4. Crawler Crane
- 7.1.5. Others
- 7.2. Latin America Mobile Crane Market Outlook, by Application, Value (US$ Bn), 2020-2033
- 7.2.1. Construction
- 7.2.2. Oil & Gas
- 7.2.3. Ship Building
- 7.2.4. Power & Utilities
- 7.2.5. Others
- 7.3. Latin America Mobile Crane Market Outlook, by Country, Value (US$ Bn), 2020-2033
- 7.3.1. Brazil Mobile Crane Market Outlook, by Type, 2020-2033
- 7.3.2. Brazil Mobile Crane Market Outlook, by Application, 2020-2033
- 7.3.3. Mexico Mobile Crane Market Outlook, by Type, 2020-2033
- 7.3.4. Mexico Mobile Crane Market Outlook, by Application, 2020-2033
- 7.3.5. Argentina Mobile Crane Market Outlook, by Type, 2020-2033
- 7.3.6. Argentina Mobile Crane Market Outlook, by Application, 2020-2033
- 7.3.7. Rest of LATAM Mobile Crane Market Outlook, by Type, 2020-2033
- 7.3.8. Rest of LATAM Mobile Crane Market Outlook, by Application, 2020-2033
- 7.4. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Mobile Crane Market Outlook, 2020 - 2033
- 8.1. Middle East & Africa Mobile Crane Market Outlook, by Type, Value (US$ Bn), 2020-2033
- 8.1.1. Truck Crane
- 8.1.2. All Terrain Crane
- 8.1.3. Rough Terrain Crane
- 8.1.4. Crawler Crane
- 8.1.5. Others
- 8.2. Middle East & Africa Mobile Crane Market Outlook, by Application, Value (US$ Bn), 2020-2033
- 8.2.1. Construction
- 8.2.2. Oil & Gas
- 8.2.3. Ship Building
- 8.2.4. Power & Utilities
- 8.2.5. Others
- 8.3. Middle East & Africa Mobile Crane Market Outlook, by Country, Value (US$ Bn), 2020-2033
- 8.3.1. GCC Mobile Crane Market Outlook, by Type, 2020-2033
- 8.3.2. GCC Mobile Crane Market Outlook, by Application, 2020-2033
- 8.3.3. South Africa Mobile Crane Market Outlook, by Type, 2020-2033
- 8.3.4. South Africa Mobile Crane Market Outlook, by Application, 2020-2033
- 8.3.5. Egypt Mobile Crane Market Outlook, by Type, 2020-2033
- 8.3.6. Egypt Mobile Crane Market Outlook, by Application, 2020-2033
- 8.3.7. Nigeria Mobile Crane Market Outlook, by Type, 2020-2033
- 8.3.8. Nigeria Mobile Crane Market Outlook, by Application, 2020-2033
- 8.3.9. Rest of Middle East Mobile Crane Market Outlook, by Type, 2020-2033
- 8.3.10. Rest of Middle East Mobile Crane Market Outlook, by Application, 2020-2033
- 8.4. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
- 9.1. Company Vs Segment Heatmap
- 9.2. Company Market Share Analysis, 2025
- 9.3. Competitive Dashboard
- 9.4. Company Profiles
- 9.4.1. Liebherr Group
- 9.4.1.1. Company Overview
- 9.4.1.2. Product Portfolio
- 9.4.1.3. Financial Overview
- 9.4.1.4. Business Strategies and Developments
- 9.4.2. Terex Corporation
- 9.4.3. Tadano Ltd.
- 9.4.4. XCMG Group
- 9.4.5. Sany Heavy Industry Co., Ltd.
- 9.4.6. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 9.4.7. Kobelco Construction Machinery Co., Ltd.
- 9.4.8. Manitowoc Company, Inc. (Grove)
- 9.4.9. Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
- 9.4.10. Kato Works Co., Ltd.
- 9.4.1. Liebherr Group
10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
