PUBLISHER: Grand View Research | PRODUCT CODE: 2017820
PUBLISHER: Grand View Research | PRODUCT CODE: 2017820
Mobile Cranes Market Size, Share & Trends Analysis Report By Product, By Application, By Region, And Segment Forecasts, 2026 - 2033
Mobile Cranes Market Summary
The global mobile cranes market size was valued at USD 16.0 billion in 2025 and is anticipated to reach USD 26.8 billion by 2033, growing at a CAGR of 6.6% from 2026 to 2033. A major factor driving the industry is the increasingly large-scale infrastructure development projects across transportation and commercial sectors.
Governments across the globe are focused on strengthening the cross-border and intra-border connectivity to support economic development. This approach resulted in increasing investment in projects such as highways, bridges, rail networks, airports, and urban transit systems, which call for advanced cranes. Mobile cranes tend to be a more essential part of these projects, as their ability to transport heavy structural components, install bridge segments, and handle construction materials at large heights. Increasing government inclination toward the use of renewable energy has emerged as a major growth catalyst for mobile cranes. Economies such as the U.S., China, the U.K., Germany, etc. are focused on wind farm construction in order to pursue carbon reduction targets and expand renewable energy capacity. The installation of wind turbines involves lifting heavy components weighing several hundred tons, making mobile cranes indispensable for project execution. These cranes find applicability in wind energy installation locations for activities such as installing extremely large turbine components, including towers, nacelles, and rotor blades. Likewise, offshore wind projects require large crawler cranes and specialized heavy-lift equipment for turbine assembly and installation. Governments across multiple regions are implementing policies and incentives to accelerate renewable energy deployment, further increasing crane utilization.
The growth of the market is also anticipated to create significant growth opportunities for OEMs. Customers prefer renting as it allows them to save on the costs associated with the procurement and maintenance of new equipment. Renting equipment also reduces overall project costs. The growing preference for renting equipment is opening opportunities for manufacturers to collaborate with rental equipment companies as part of the efforts to augment their sales. On the other hand, rental companies are focusing on procuring new equipment and expanding their fleet size to cater to the rising demand for rentals. The growing demand for new equipment from rental equipment companies is expected to drive the demand for mobile cranes over the forecast period.
However, the high procurement and operating costs associated with mobile cranes, changing requirements of customers, and varying compliance and specification requirements from region to region are some of the factors that are expected to restrain the growth of the market. As the application portfolio of mobile cranes continues to widen, the product specifications for mobile cranes are also changing rapidly. As such, a standard mobile crane can no longer cater to diverse customer needs. Product specifications can also change according to the region. For instance, a mobile crane that suits the European market may not be suitable for the North American market.
Cranes are crucial for construction projects as they help in moving components and materials within the construction site as well as between off-site facilities and the construction site. Construction companies prefer prefabricating different construction blocks off-site and transporting the readymade blocks to the construction site for onsite assembly as part of the efforts to save time and avoid traffic congestion and onsite accidents. Mobile cranes boast high weight-lifting capacities and facilitate convenient material handling, and are hence used to transfer prefabricated construction blocks from off-site facilities to construction sites. As a result, most of the production equipment on construction sites is being gradually replaced by transportation equipment, such as mobile cranes. Construction projects underway in different parts of the world are driving the demand for mobile cranes.
Initiatives being pursued for upgrading the existing infrastructure are also driving the demand for mobile cranes. Several projects involving the refurbishment of the existing infrastructure are underway across the globe. For instance, China is upgrading the existing infrastructure of the Beijing International Airport. The expansion of the international airport is scheduled for completion by 2025.
Global Mobile Cranes Market Report Segmentation
This report forecasts volume & 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 mobile cranes market report based on product, application, and region:
- Product Outlook (Volume, Thousand Units; Revenue in USD Million, 2021 - 2033)
- Truck Mounted Crane
- Trailer Mounted Crane
- Crawler Crane
- Application Outlook (Volume, Thousand Units; Revenue in USD Million, 2021 - 2033)
- Construction
- Industrial
- Utility
- Regional Outlook (Volume, Thousand Units; Revenue in USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Mobile Cranes Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Mobile Cranes Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. Mobile Cranes Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Mobile Cranes Market: Product Movement Analysis, 2025 & 2033 (USD Million, Thousand Units)
- 4.3. Truck Mounted Crane
- 4.3.1. Truck Mounted Crane Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 4.4. Trailer Mounted Crane
- 4.4.1. Trailer Mounted Crane Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 4.5. Crawler Crane
- 4.5.1. Crawler Crane Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
Chapter 5. Mobile Cranes Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Mobile Cranes Market: Application Movement Analysis, 2025 & 2033 (USD Million, Thousand Units)
- 5.3. Construction
- 5.3.1. Construction Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 5.4. Industrial
- 5.4.1. Industrial Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 5.5. Utility
- 5.5.1. Utility Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
Chapter 6. Mobile Cranes Market: Regional Estimates & Trend Analysis
- 6.1. Mobile Cranes Market Share, By Region, 2025 & 2033 (USD Million, Thousand Units)
- 6.2. North America
- 6.2.1. North America Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.2.3. Canada
- 6.2.3.1. Canada Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.3. Europe
- 6.3.1. Europe Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.3.2. U.K.
- 6.3.2.1. U.K. Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.3.3. Germany
- 6.3.3.1. Germany Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.3.4. France
- 6.3.4.1. France Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.4.2. China
- 6.4.2.1. China Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.4.3. Japan
- 6.4.3.1. Japan Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.4.4. India
- 6.4.4.1. India Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.4.6. Australia
- 6.4.6.1. Australia Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.5. Latin America
- 6.5.1. Latin America Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.6.2. UAE
- 6.6.2.1. UAE Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.6.3. KSA
- 6.6.3.1. KSA Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Mobile Cranes Market Estimates and Forecasts, 2021 - 2033 (USD Million, Thousand Units)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Bauer AG
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. KATO WORKS CO., LTD
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. KOBELCO Construction Machinery Co., Ltd.
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Liebherr-International AG
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. LiuGong Machinery Co., Ltd.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Manitex International
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. PALFINGER AG
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. SANY HEAVY INDUSTRY INDIA PRIVATE LIMITED
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Sarens NV
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Sumitomo Heavy Industries, Ltd.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. Tadano Ltd.
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. Terex Corporation
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Strategic Initiatives
- 7.4.13. XCMG GROUP
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Product Benchmarking
- 7.4.13.4. Strategic Initiatives
- 7.4.14. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 7.4.14.1. Participant's Overview
- 7.4.14.2. Financial Performance
- 7.4.14.3. Product Benchmarking
- 7.4.14.4. Strategic Initiatives
- 7.4.1. Bauer AG
List of Tables
- Table 1 Global mobile cranes market size estimates & forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Table 2 Global mobile cranes market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 3 Global mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 4 Global mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 5 Truck Mounted Crane market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 6 Trailer Mounted Crane market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 7 Crawler Crane market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 8 Construction market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 9 Industrial market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 10 Utility market, by region, 2021 - 2033 (USD Million, Thousand Units)
- Table 11 North America mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 12 North America mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 13 U.S. mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 14 U.S. mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 15 Canada mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 16 Canada mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 17 Mexico mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 18 Mexico mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 19 Europe mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 20 Europe mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 21 U.K. mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 22 U.K. mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 23 Germany mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 24 Germany mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 25 France mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 26 France mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 27 Asia Pacific mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 28 Asia Pacific mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 29 China mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 30 China mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 31 India mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 32 India mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 33 Japan mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 34 Japan mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 35 Australia mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 36 Australia mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 37 South Korea mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 38 South Korea mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 39 Latin America mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 40 Latin America mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 41 Brazil mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 42 Brazil mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 43 MEA mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 44 MEA mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 45 UAE mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 46 UAE mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 47 KSA mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 48 KSA mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
- Table 49 South Africa mobile cranes market, by product, 2021 - 2033 (USD Million, Thousand Units)
- Table 50 South Africa mobile cranes market, by application, 2021 - 2033 (USD Million, Thousand Units)
List of Figures
- Fig. 1 Mobile cranes market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 Mobile cranes market snapshot
- Fig. 10 Mobile cranes market segment snapshot
- Fig. 11 Mobile cranes market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 Mobile cranes market: Product outlook key takeaways (USD Million, Thousand Units)
- Fig. 16 Mobile cranes market: Product movement analysis, 2025 & 2033 (USD Million, Thousand Units)
- Fig. 17 Truck Mounted Crane market revenue estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 18 Trailer Mounted Crane market revenue estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 19 Crawler Crane market revenue estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 20 Mobile cranes market: Application outlook key takeaways (USD Million, Thousand Units)
- Fig. 21 Mobile cranes market: Application movement analysis, 2025 & 2033 (USD Million, Thousand Units)
- Fig. 22 Construction market revenue estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 23 Industrial market revenue estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 24 Utility market revenue estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 25 Regional marketplace: Key takeaways
- Fig. 26 Mobile cranes market: Regional outlook, 2025 & 2033, (USD Million, Thousand Units)
- Fig. 27 North America mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 28 U.S. mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 29 Canada mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 30 Mexico mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 31 Europe mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 32 U.K. mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 33 Germany mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 34 France mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 35 Asia Pacific mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 36 Japan mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 37 China mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 38 India mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 39 Australia mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 40 South Korea mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 41 Latin America mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 42 Brazil mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 43 MEA mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 44 KSA mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 45 UAE mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 46 South Africa mobile cranes market estimates and forecasts, 2021 - 2033 (USD Million, Thousand Units)
- Fig. 47 Strategy framework
- Fig. 48 Company categorization
