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Global Mobile Cranes Market Size, Share, Trends, Forecast: By Boom Type: Lattice Boom, Telescopic Boom; By Carrier Type: Wheel Mounted, Track Mounted; By Terrain Type: On-Road, Rough Terrain, All-Terrain; By End User Industry: Residential and Commercial Buildings, Others; By Business; Regional Analysis; Competitive Landscape; 2024-2032
Global Mobile Cranes Market Outlook
The global mobile cranes market attained a value of USD 18.83 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.50% to reach USD 33.16 billion by 2032.
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Advancements in Technology in the Asia Pacific to Augment the Mobile Cranes Industry Growth
Geographically, the Asia Pacific is estimated to hold a significant share in the mobile cranes industry. Advancements in technology and new innovations in machinery have invigorated the market growth. Within the Asia Pacific, China significantly contributes to the industry growth owning to the increased focus of the domestic market players on upgrading the technology used in modern cranes. Mobile cranes can be set up really fast, which minimises the amount of time spent on the worksite while the job is underway. This factor is anticipated to aid the market growth in the region. Moreover, the rapid urbanisation, infrastructural development, and increasing investments in the development of residential and commercial structures in India, China, and other countries are likely to provide impetus to the market in the forecast period.
Mobile Cranes: Market Segmentation
Mobile cranes are defined as the machines designed in such a way that uses a collection of simple machines in order to both raise and lower objects, as well as to move them horizontally. Mobile cranes can be relocated from one location to another and are mostly available on lease. Moreover, this machine is extensively used in the construction, manufacturing, utilities, and mining industry, among others.
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The major boom types in the market include:
- Lattice Boom
- Telescopic Boom
On the basis of carrier type, the market can be segmented into:
- Wheel Mounted
- Track Mounted
The market can be broadly categorised on the basis of terrain type into:
- On-Road
- Rough Terrain
- All-Terrain
The market can be segmented based on end use industry into:
- Residential and Commercial Buildings
- Infrastructure
- Manufacturing
- Utilities
The mobile cranes industry can be categorised on the basis of business into:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
The EMR report looks into the regional markets of mobile cranes like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Investments in Infrastructure Development Activities to Drive the Market Growth
The demand for mobile cranes is being propelled by the Increasing investments towards the infrastructure development, rapid urbanisation, and thriving end use industries of the product. The expansion of the mining sector across the world is driving the demand for mobile cranes. In addition to this, new innovations in the market are leading to the growth of the mobile cranes industry. Mobile cranes provide flexibility as it can move in every direction and also saves the space. Mobile cranes offer high strength which allows them to complete heavy lifting tasks. One of the key drivers in the mobile cranes industry is the cost effectiveness of the product owing to the fact that it can be rented, which reduces the time to finish a job, thereby minimising downtime on the jobsite.
Key Industry Players in the Global Mobile Cranes Market
The report presents a detailed analysis of the following key players in the global mobile cranes market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Altec Industries, Inc.
- Cargotec Corporation
- The Manitowoc Company, Inc.
- Sany Heavy Industry Co., Ltd.
- Tadano Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:'
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| Breakup by Boom Type |
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| Breakup by Carrier Type |
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| Breakup by Terrain Type |
|
| Breakup by End User Industry |
|
| Breakup by Business |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Mobile Cranes Market Analysis
8.1 Key Industry Highlights
8.2 Global Mobile Cranes Historical Market (2018-2023)
8.3 Global Mobile Cranes Market Forecast (2024-2032)
8.4 Global Mobile Cranes Market by Boom Type
8.4.1 Lattice Boom
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Telescopic Boom
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Mobile Cranes Market by Carrier Type
8.5.1 Wheel Mounted
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Track Mounted
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Mobile Cranes Market by Terrain Type
8.6.1 On-Road
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Rough Terrain
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 All-Terrain
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Mobile Cranes Market by End User Industry
8.7.1 Residential and Commercial Buildings
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Infrastructure
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Manufacturing
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Utilities
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.8 Global Mobile Cranes Market by Business
8.8.1 Original Equipment Manufacturers (OEMs)
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Aftermarket
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Mobile Cranes Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Mobile Cranes Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Mobile Cranes Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Mobile Cranes Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Mobile Cranes Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Mobile Cranes Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Altec Industries, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cargotec Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Manitowoc Company, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sany Heavy Industry Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Tadano Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Mobile Cranes Market: Key Industry Highlights, 2018 and 2032
2. Global Mobile Cranes Historical Market: Breakup by Boom Type (USD Billion), 2018-2023
3. Global Mobile Cranes Market Forecast: Breakup by Boom Type (USD Billion), 2024-2032
4. Global Mobile Cranes Historical Market: Breakup by Carrier Type (USD Billion), 2018-2023
5. Global Mobile Cranes Market Forecast: Breakup by Carrier Type (USD Billion), 2024-2032
6. Global Mobile Cranes Historical Market: Breakup by Terrain Type (USD Billion), 2018-2023
7. Global Mobile Cranes Market Forecast: Breakup by Terrain Type (USD Billion), 2024-2032
8. Global Mobile Cranes Historical Market: Breakup by End User (USD Billion), 2018-2023
9. Global Mobile Cranes Market Forecast: Breakup by End User (USD Billion), 2024-2032
10. Global Mobile Cranes Historical Market: Breakup by Business (USD Billion), 2018-2023
11. Global Mobile Cranes Market Forecast: Breakup by Business (USD Billion), 2024-2032
12. Global Mobile Cranes Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Mobile Cranes Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Mobile Cranes Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Mobile Cranes Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Mobile Cranes Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Mobile Cranes Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Mobile Cranes Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Mobile Cranes Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Mobile Cranes Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Mobile Cranes Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Mobile Cranes Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Mobile Cranes Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Mobile Cranes Market Structure
Key Questions Answered in the Report
In 2023, the global mobile cranes market attained a value of nearly USD 18.83 billion.
The market is projected to grow at a CAGR of 6.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 33.16 billion by 2032.
The major drivers of the industry, such as the advancement in technology, easy rental of the product, increasing infrastructural investments, and growing innovations in the electronics industry, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing investments by key players to expand the productivity of mobile cranes and the increasing technological innovations.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant boom types in the industry are lattice boom and telescopic boom.
The different carrier types included in the market report are wheel mounted and track mounted.
On-road, rough terrain, and all-terrain are the various terrain types based on which the market has been segmented.
Residential and commercial buildings, infrastructure, manufacturing, and utilities are the major end users of the product.
The different types of businesses in the industry are original equipment manufacturers (OEMs) and aftermarket.
The major players in the industry are Altec Industries, Inc., Cargotec Corporation, The Manitowoc Company, Inc., Sany Heavy Industry Co., Ltd., and Tadano Ltd., among others.
Analyst Review
The global mobile cranes market attained a value of USD 18.83 billion in 2023, driven by the rising prevalence of mining activities and rising infrastructural investments. Aided by the growing technological advancements in various end use industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.50%. The market is projected to reach USD 33.16 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on boom type, the mobile cranes industry can be segmented into lattice boom and telescopic boom. On the basis of carrier type, the market is categorised as wheel mounted and track mounted. The market is classified on the basis of terrain type into on-road, rough terrain, and all-terrain. On the basis of end use industry, the market is categorised into residential and commercial buildings, infrastructure, manufacturing, and utilities. The market can also be categorised on the basis of business into original equipment manufacturers (OEMs) and aftermarket. The major regional markets for mobile cranes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Altec Industries, Inc., Cargotec Corporation, The Manitowoc Company, Inc., Sany Heavy Industry Co., Ltd., and Tadano Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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