PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1859654
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1859654
The crane rental market size is projected to reach USD 68.04 billion by 2030 from USD 53.12 billion in 2025, at a CAGR of 5.1% from 2025 to 2030.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2021-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million) Volume (Million Units) |
| Segments | Type, Weightlifting Capacity, End-use Industry, and Region |
| Regions covered | North America, Asia Pacific, Europe, the Middle East & Africa, and South America |
The crane rental sector is expected to grow due to rising construction and infrastructure development worldwide. Many companies prefer renting cranes over purchasing them because of the significant initial costs and ongoing maintenance expenses associated with ownership. Additionally, the demand for crane rentals is increasing as a result of heightened activity in renewable energy, oil and gas, and various industrial projects.

"Mobile cranes segment is projected to exhibit the highest CAGR from 2025 to 2030"
The mobile cranes segment is expected to record the highest CAGR in the crane rental market during the forecast period, owing to their high flexibility and ability to move around job sites at high speed. Mobile cranes can be used in a wide variety of applications, including construction and industrial maintenance. They are easy to set up and versatile, and hence, they are preferred by rental companies and contractors.
"Low weightlifting capacity segment is projected to exhibit the highest CAGR during the forecast period"
The low weightlifting capacity segment is expected to record the highest CAGR in the crane rental market during the forecast period since they are simple to carry, use, and maintain, and they are affordable when used on a short-term basis. They are also small in size and can be used in urban construction sites where space is limited.
"Building & construction segment is projected to account for the largest market share in 2030"
The building & construction segment is the largest end-use industry in the crane rental market, as construction sites need cranes to lift and handle materials. The rapid pace of residential, commercial, and public infrastructure projects increases the demand for cranes. Renting cranes helps construction companies manage costs and access modern equipment without making significant investments.
"The Asia Pacific crane rental market is projected to grow at the highest CAGR during the forecast period"
Asia Pacific is experiencing high growth in the crane rental market due to its high rate of urbanization, industrialization, and extensive infrastructure spending. Countries such as China, India, and Indonesia are immensely investing in construction and transportation works. The government's smart city and renewable energy programs are also increasing the demand for crane rental.
By Company Type: Tier 1 - 25%, Tier 2 - 42%, and Tier 3 - 33%
By Designation: C-level Executives - 20%, Directors - 30%, and Others - 50%
By Region: North America - 20%, Europe - 10%, Asia Pacific - 40%, South America - 10%, and the Middle East & Africa - 20%
Companies Covered: Liebherr (Germany), United Rentals Inc. (US), PALFINGER AG (Austria), Sarens NV (Belgium), Mammoet (Netherlands), and The Manitowoc Company, Inc. (US), among others, are covered in the report.
The study includes an in-depth competitive analysis of these key players in the crane rental market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the crane rental market based on type (mobile cranes and fixed cranes), weightlifting capacity (low, low to medium, heavy, and extremely heavy), end-use industry (building & construction, infrastructure, oil & gas, energy & power, marine & offshore, mining & excavation, transportation, and other end-use industries), and region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa). The report's scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the crane rental market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products offered, and key strategies, such as partnerships, product launches, expansions, and acquisitions, associated with the crane rental market. This report covers a competitive analysis of upcoming startups in the crane rental market ecosystem.
Reasons to Buy the Report
The report will offer the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall crane rental market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the crane rental market