PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2072266
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2072266
The crane rental market is projected to grow from USD 55.82 billion in 2026 to USD 71.50 billion by 2031, at a CAGR of 5.1% during the forecast period.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2022-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| 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 will expand owing to the increased construction and infrastructural development globally. The cost of renting cranes is preferred over purchasing them due to high initial expenses and maintenance costs. Also, crane rentals are increasing due to the increasing demand in renewable energy, oil & gas, and industrial projects.

"The mobile cranes segment is projected to exhibit the highest CAGR from 2026 to 2031."
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 the job sites at high speed. They can be used in a large variety of applications, including construction and industrial maintenance. They are easy to set up, versatile, and hence preferred by rental companies and contractors.
"The low 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. These cranes are simple to carry, use, and maintain. Hence, 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.
"The building & construction segment is projected to capture the largest market share in 2031."
The building & construction segment is the largest end user in the crane rental market. The rapid expansion of residential, commercial, and public infrastructure construction is boosting the demand for cranes. The services of renting assist construction companies in cost management and the possibility of using modern equipment without significant investments.
"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 the high rate of urbanization, industrialization, and extensive infrastructure spending. Countries such as China, India, and Indonesia are immensely investing in construction and transportation works. Smart city and renewable energy programs by the government 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 Middle East & Africa - 20%
Notes: Other designations include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: <USD 500 million
Companies Covered: Liebherr (Germany), United Rentals Inc. (US), PALFINGER AG (Austria), Sarens NV (Belgium), Mammoet (Netherlands), and The Manitowoc Company, Inc. (US), among other companies, 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 extreme 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.
Analysis of key drivers (surge in construction and infrastructure projects), restraints (elevated maintenance and operational expenses for rental providers), opportunities (rapid infrastructure growth across emerging markets), and challenges (heightened market competition and pricing pressures)
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the crane rental market