PUBLISHER: TechSci Research | PRODUCT CODE: 1901793
PUBLISHER: TechSci Research | PRODUCT CODE: 1901793
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The Global Mobile Crane Market will grow from USD 20.37 Billion in 2025 to USD 28.76 Billion by 2031 at a 5.92% CAGR. Mobile cranes are heavy-duty lifting machines mounted on crawlers or rubber-tired carriers, designed to transport and hoist materials with high mobility across diverse worksites.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 20.37 Billion |
| Market Size 2031 | USD 28.76 Billion |
| CAGR 2026-2031 | 5.92% |
| Fastest Growing Segment | Wheel mounted |
| Largest Market | Asia Pacific |
Key Market Drivers
The expansion of global infrastructure development and modernization projects serves as a primary catalyst for the mobile crane market. Governments and private entities are channeling capital into the construction of bridges, airports, and highway systems, which necessitates the deployment of heavy lifting machinery capable of operating in diverse environments. This surge in civil engineering activities is directly correlated with increased procurement of all-terrain and crawler cranes designed for stability and high load capacities.
Key Market Challenges
The Global Mobile Crane Market is currently impeded by significant volatility in raw material costs and supply chain instability. Manufacturers encounter unpredictable price surges for essential inputs such as steel, aluminum, and energy, which directly inflate production expenses and disrupt financial planning. These escalating costs compel Original Equipment Manufacturers to increase equipment prices or absorb reduced margins, while simultaneous supply chain bottlenecks frequently result in extended lead times for delivery.
Key Market Trends
The accelerated adoption of electric and hybrid crane powertrains is transforming the market, driven by stringent urban emission regulations and a growing imperative for carbon-neutral construction practices. Manufacturers are increasingly prioritizing the development of zero-emission lifting equipment that complies with noise ordinances and environmental standards without compromising load capacity.
In this report, the Global Mobile Crane Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Mobile Crane Market.
Global Mobile Crane Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: