PUBLISHER: Grand View Research | PRODUCT CODE: 1908673
PUBLISHER: Grand View Research | PRODUCT CODE: 1908673
The global industrial cranes market size was estimated at USD 11.19 billion in 2024 and is projected to reach USD 17.38 billion by 2033, growing at a CAGR of 5.1% from 2025 to 2033. The market is strongly driven by sustained capital expenditure across manufacturing, metals and mining, automotive, aerospace, power, and logistics sectors.
Expansions in production facilities, modernization of industrial plants, and the rise of automated warehousing continue to generate strong demand for overhead, gantry, and electric cranes. Growing focus on efficiency, safety compliance, and higher material-handling throughput further accelerates crane adoption across these core industrial environments.
Emerging economies, including Southeast Asia, the Middle East, and Africa, offer significant greenfield potential due to expanding industrial parks, logistics hubs, and mega construction projects. The rise of hybrid cranes, autonomous lifting systems, and digital twin solutions also provides long-term revenue prospects for OEMs and service providers.
Global Industrial Cranes Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global industrial cranes market report based on type, power source, capacity, end use, and region: