Mobile Crane Market Size, Share, and Growth Analysis, By Product (Truck Mounted Cranes, Trailer Mounted Cranes), By Capacity (Up to 10 Tons, Above 50 Tons), By Propulsion, By Region - Industry Forecast 2025-2032

Global Mobile Crane Market size was valued at USD 10.12 Billion in 2023 and is poised to grow from USD 10.71 Billion in 2024 to USD 16.81 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

The global mobile crane market indicate that rising infrastructure investments and expanding revenue in the global mining sector are set to boost the demand for mobile cranes significantly. The trend towards rental or lease services, along with a growing preference for used equipment among construction and heavy equipment companies, may challenge new equipment manufacturers. Additionally, increased urbanization and developments in export/import facilities are fueling investments in construction, power utilities, and shipbuilding industries. The integration of industrial IoT, SCADA, AI, and machine learning technologies is further enhancing opportunities for key players in this market, offering user-friendly solutions with advanced navigation and decision-making capabilities that cater to the evolving needs of the sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Mobile Crane market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Mobile Crane Market Segments Analysis

Global Mobile Crane Market is segmented by Product, by function, by application, by End User and by Region. Based on Product, the market is segmented into Truck Mounted Cranes, Trailer Mounted Cranes, Crawler Cranes. Based on Capacity, the market is segmented into Up to 10 Tons, 11-50 Tons, Above 50 Tons. Based on Propulsion, the market is segmented into Internal Combustion Engine Cranes, Electric Cranes. Based on End User, the market is segmented into Construction and Mining, Industrial Ports and Shipping, Utilities, Oil and Gas, Transport and Logistics, Other End Use. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Mobile Crane Market

The mobile crane market is poised to thrive due to the growing demand for renewable energy solutions, particularly in the wind energy sector. Mobile cranes are valued for their compact design, enabling them to efficiently operate in crowded construction zones. Additionally, rough terrain cranes, which offer impressive torque and superior off-road navigation capabilities, are increasingly sought after in the construction and mining sectors. Their operational advantages and enhanced efficiency make them indispensable in various applications, contributing to the overall expansion of the mobile crane market. This shift towards sustainable energy and the adaptability of cranes positions the market for significant growth.

Restraints in the Mobile Crane Market

The mobile crane market faces significant challenges primarily due to safety concerns associated with inadequate training and awareness among operators. Many workplace injuries, fatalities, and accidents stem from insufficient training, emphasizing the need for proper instruction. Additionally, the risk of cranes inadvertently contacting electrical lines necessitates obtaining necessary clearances and adhering to established electrical safety protocols. A lack of awareness regarding load indicating devices hampers the adoption of essential technological advancements, consequently increasing the risk of accidents from falling loads. These factors collectively hinder the growth and expansion of the global mobile crane market, highlighting the importance of enhanced training and safety practices.

Market Trends of the Mobile Crane Market

The mobile crane market is experiencing significant growth driven by the integration of SCADA-connected devices and the Industrial Internet of Things (IoT). This technological advancement enhances operational efficiency, allowing crane operators to leverage big data and artificial intelligence for improved decision-making. The deployment of sensors and probes in advanced cranes facilitates real-time data collection, enabling operators to optimize performance, safety, and maintenance practices. As businesses increasingly recognize the added value of these smart solutions, the demand for mobile cranes equipped with IoT capabilities is expected to rise, reinforcing a positive market trend globally as industries seek to modernize and enhance productivity.