Global Cranes Market Size, Share, Opportunities, And Trends By Type (Tower Cranes, Rough-Terrain Cranes, Crawler Cranes, Floating Cranes, Others), By End-User Industry (Construction, Transportation & Logistics, Aerospace & Defense, Automotive & Railway, Others), And By Geography - Forecasts From 2025 To 2030

The global cranes market is estimated to attain a market size of US$ 63.709 billion by 2030, growing at a 6.10% CAGR from a valuation of US$ 47.383 billion in 2025, during the forecast period of 2025 to 2030.

The global crane market is being propelled by infrastructure development, rising demand for renewable energy, and rapid technological advancements. The demand for emerging technologies like automation and AI is further propelling the latest application of cranes in various sectors. The growing economies around the world and the emergence of e-commerce created the large-scale application of cranes in transportation & logistics. Moreover, growing international trade has created the large-scale application of cranes in the ports across the world, where companies and governments are investing heavily in profitable operations at the ports.

Further, the leading crane companies are investing in advanced equipment to support the construction and infrastructure development worldwide. In April 2025, Maxim Crane Works, L.P., acquired the tower crane assets of Sims Crane & Equipment Co. This acquisition would align with the company's goals to meet the growing demand from infrastructure projects worldwide. The opportunities lie in the fast-growing markets, electrification, and the adoption of intelligent crane technologies.

The rise in massive construction activity, especially in developing nations such as China and India, will increase the demand for crawler cranes during the projected period. Moreover, the rise in renewable energy-related projects, like onshore wind farms and hydrogen energy projects increasing the necessity of a diverse type of crawler cranes.

Global Cranes Market Overview & Scope

The Global Cranes Market is segmented by:

• Type: The global cranes market is segmented by type into tower cranes, rough-terrain cranes, crawler cranes, floating cranes, and others. The tower cranes are driven by the growing high-rise construction and the growth of residential and commercial buildings.
• Mobility: By mobility, the global cranes market is segmented into static and mobile. Static cranes, such as tower and overhead cranes, are mainly required for port functions and various infrastructure activities.
• Capacity: By capacity, the global cranes market is segmented into up to 50 tons, 50 to 100 tons, and greater than 100 tons. The choice of crane capacity depends on project scale, with the trend toward higher-capacity cranes driven by increasing investments in large infrastructure.
• End-User Industry: The global cranes market is segmented by end-user industry into construction, mining, transportation & logistics, oil & gas, manufacturing, and others (including energy and marine applications). The rise in urbanization globally is increasing the construction projects such as buildings, metro systems, and bridges, which increases the requirement for heavy lifting. As per Our World in Data, the urban population globally accounted for 4.54 billion in 2022, which was reportedly increased to value for 4.61 billion.  The increase in investment by the government and the private sector in large-scale infrastructure projects is also contributing to boosting the demand for cranes across the globe
• Region:  By geography, the global cranes market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Europe comprises Germany, France, the UK, Spain, and other countries. Asia Pacific comprises China, Japan, China, India, and other countries. Asia Pacific is poised to hold a prominent position in the global cranes market, particularly due to the high urbanization rates. In the European Union, building construction increased by 1.1% from 2022 to 2023, and civil engineering increased by 4.1%. Countries with significant increases are Romania, Poland, and Belgium, which are the top countries showing significant growth in the region.

Top Trends Shaping the Global Cranes Market

1. Increasing adoption of automation & smart cranes for enhanced safety and efficiency.

• The crane industry is undergoing a significant transformation driven by the integration of artificial intelligence, automation, and advanced materials. These advancements are reshaping crane operations.

Global Cranes Market: Growth Drivers vs. Challenges

Drivers:

• Growth in the construction activities: The global crane market is experiencing robust growth from the major developing economies around the world. Further, large economies like the USA also have significant investments in the construction sector. The construction spending in the United States was 2,133,750 (million USD) in February 2024, and reached 2,195,755 in February 2025. This rise in construction spending indicates the industry's expenditure on services and materials.
• Rapid urbanization in emerging economies: According to the World Bank, the Urban population (% of total population) has increased from 56% in 2021 to 57% in 2023. The surge in urbanization and construction activities in emerging economies is a key catalyst for the global crane market expansion.
• Expansion of renewable energy: According to the International Energy Agency (IEA), wind power generation is expected to reach 7,114 TWh in 2030 from 2,531 TWh in 2024. The rapid growth in wind energy installations worldwide is significantly boosting demand for heavy-lift cranes. Further, countries around the world are planning for the expansion in the renewable energy sector. This is boosting the demand for cranes in the installation and maintenance of wind power energy sector.

Challenges:

• High upfront costs:  The price volatility due to the supply-chain constraint is a serious challenge in the industry. These challenges are increased by recent tariff policies.

Global Cranes Market Regional Analysis

Region-wise, North America and Asia Pacific are projected to account for a considerable market share fueled by the ongoing adoption of capital-intensive techniques in industrial operations, followed by favorable growth in major end-users such as oil & gas, logistics, and construction.

Improvement in logistics and establishment of ports, followed by investment in construction activities, has escalated the demand for heavy machinery such as cranes in major regional economies.

Global Cranes Market: Competitive Landscape

The market is fragmented, with many notable players including Terex Corporation, Gorbel Inc., Mitsubishi Heavy Industries, Hyundai Motor Company, Sumitomo Heavy Industries Construction Cranes Co., Ltd., Tadano Ltd., Mazzella Companies, JC Bamford Excavators Ltd., The Volvo Group, TIL Limited, and Liebherr Group, among others.

A few strategic developments related to the market:

• Expansion: In April 2025, Crane Service Company, Inc., based in the Mid-Atlantic, expanded its fleet by acquiring several mobile cranes in Munich, Germany. The purchase included the LTM 1300-6.2 and LTM 1650-8.1 mobile cranes.
• New Launch: In January 2024, Kobelco Construction Machinery announced the launch of a telescopic boom crawler crane, namely, TKE750 Kg, in Europe. It is designed to lift a capacity of 75 metric tons and is developed as per the EU Stage V-compliant.

Global Cranes Market Segmentation:

By Type

• Tower Cranes
• Rough-terrain Cranes
• Crawler Cranes
• Floating Cranes
• Others

By Mobility

• Static
• Mobile

By Capacity

• Up to 50 Tons
• 50 to 100 Tons
• Greater than 100 Tons

By End-user Industry

• Construction
• Mining
• Transportation & Logistics
• Oil & Gas
• Manufacturing
• Others

By Region

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • UK
  • France
  • Germany
  • Spain
  • Others
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Others
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • Taiwan
  • Indonesia
  • Australia
  • Others

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. GLOBAL CRANES MARKET BY TYPE

5.1. Introduction

5.2. Tower Cranes

5.3. Rough-terrain Cranes

5.4. Crawler Cranes

5.5. Floating Cranes

5.6. Others

6. GLOBAL CRANES MARKET BY MOBILITY

6.1. Introduction

6.2. Static

6.3. Mobile

7. GLOBAL CRANES MARKET BY CAPACITY

7.1. Introduction

7.2. Up to 50 Tons

7.3. 50 to 100 Tons

7.4. Greater than 100 Tons

8. GLOBAL CRANES MARKET BY END-USER INDUSTRY

8.1. Introduction

8.2. Construction

8.3. Mining

8.4. Transportation & Logistics

8.5. Oil & Gas

8.6. Manufacturing

8.7. Others

9. GLOBAL CRANES MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Type

9.2.2. By Mobility

9.2.3. By Capacity

9.2.4. By End-user Industry

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Type

9.3.2. By Mobility

9.3.3. By Capacity

9.3.4. By End-user Industry

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Type

9.4.2. By Mobility

9.4.3. By Capacity

9.4.4. By End-user Industry

9.4.5. By Country

9.4.5.1. United Kingdom

9.4.5.2. France

9.4.5.3. Germany

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Type

9.5.2. By Mobility

9.5.3. By Capacity

9.5.4. By End-user Industry

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. South Africa

9.5.5.4. Others

9.6. Asia Pacific

9.6.1. By Type

9.6.2. By Mobility

9.6.3. By Capacity

9.6.4. By End-user Industry

9.6.5. By Country

9.6.5.1. Japan

9.6.5.2. China

9.6.5.3. India

9.6.5.4. Thailand

9.6.5.5. Taiwan

9.6.5.6. Indonesia

9.6.5.7. Australia

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Terex Corporation 

11.2. Gorbel Inc. 

11.3. Mitsubishi Heavy Industries  

11.4. Hyundai Motor Company 

11.5. Sumitomo Heavy Industries Construction Cranes Co., Ltd. 

11.6. Tadano Ltd. 

11.7. Mazzella Companies 

11.8. JC Bamford Excavators Ltd. 

11.9. The Volvo Group 

11.10. TIL Limited 

11.11. Liebherr Group 

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

Terex Corporation 

Gorbel Inc. 

Mitsubishi Heavy Industries  

Hyundai Motor Company 

Sumitomo Heavy Industries Construction Cranes Co., Ltd. 

Tadano Ltd. 

Mazzella Companies 

JC Bamford Excavators Ltd. 

The Volvo Group 

TIL Limited 

Liebherr Group