The report, "Mobile Crane Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031," by Kings Research offers an extensive evaluation of the industry, focusing on market trends, competitor strategies, regional influences, and recent market advancements.
Mobile Crane Market was valued at USD 14.09 Billion in 2023 and is projected to grow from USD 14.99 billion in 2024 to USD 24.15 billion by 2031, exhibiting a CAGR of 7.05% during the forecast period.
Top Key Companies:
Recent Developments:
In March 2025, Bäsmann Kran- und Transport GmbH expanded its fleet with the addition of a Liebherr LTM 1060-3.1 mobile crane, replacing an aging 60-tonne unit. This acquisition signifies the company's renewed partnership with Liebherr after three decades, influenced by the crane’s extended boom, compact design, and cutting-edge features such as VarioBase and wireless remote operation.
Get Comprehensive Report @ https://www.kingsresearch.com/mobile-crane-market-1741
Regional Insights:
North America: Dominated by advanced technology adoption and high construction expenditure, the North American mobile crane market is set to grow steadily. The United States remains a significant contributor to market growth, driven by ongoing infrastructural projects.
Europe: The European market is experiencing a shift towards electric and hybrid mobile cranes, encouraged by stringent environmental regulations. The substantial focus on sustainability and eco-friendliness is anticipated to open new avenues for market players.
Asia-Pacific: As the fastest-growing region, Asia-Pacific is driving significant investments in infrastructure, particularly in China and India. The region's expanding manufacturing and industrial sectors are further contributing to the surging demand for mobile cranes.
Latin America and Middle East & Africa: Although these regions are currently emerging markets, investments in infrastructure and ongoing urban development projects are likely to propel growth in the mobile crane sector in the coming years.
Key Market Segments:
The mobile crane market can be segmented into several categories, allowing for a detailed understanding of market dynamics:
Types of Mobile Cranes
End-Use Industries
Future Outlook:
Looking forward, the mobile crane market is expected to continue its upward trajectory, with anticipated growth opportunities arising from emerging market trends and technological advancements. Stakeholders should remain agile and innovative, exploring avenues for enhanced operational capabilities and sustainable practices to align with the evolving market landscapes
Contact us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189
Mobile Crane Market was valued at USD 14.09 Billion in 2023 and is projected to grow from USD 14.99 billion in 2024 to USD 24.15 billion by 2031, exhibiting a CAGR of 7.05% during the forecast period.
Top Key Companies:
- Liebherr Group
- XCMG Group
- Konecranes
- The Manitowoc Company, Inc.
- Terex Corporation
- Zoomlion Heavy Industry Science&Technology Co., Ltd.
- Tadano Ltd.
- SANY Group
- Kobelco Construction Machinery Co.
- Demag Cranes & Components GmbH
- PALFINGER AG
- Link-Belt Cranes
- SENNEBOGEN Maschinenfabrik GmbH
- KATO WORKS CO., LTD.
- Lanco Group
Recent Developments:
In March 2025, Bäsmann Kran- und Transport GmbH expanded its fleet with the addition of a Liebherr LTM 1060-3.1 mobile crane, replacing an aging 60-tonne unit. This acquisition signifies the company's renewed partnership with Liebherr after three decades, influenced by the crane’s extended boom, compact design, and cutting-edge features such as VarioBase and wireless remote operation.
Get Comprehensive Report @ https://www.kingsresearch.com/mobile-crane-market-1741
Regional Insights:
North America: Dominated by advanced technology adoption and high construction expenditure, the North American mobile crane market is set to grow steadily. The United States remains a significant contributor to market growth, driven by ongoing infrastructural projects.
Europe: The European market is experiencing a shift towards electric and hybrid mobile cranes, encouraged by stringent environmental regulations. The substantial focus on sustainability and eco-friendliness is anticipated to open new avenues for market players.
Asia-Pacific: As the fastest-growing region, Asia-Pacific is driving significant investments in infrastructure, particularly in China and India. The region's expanding manufacturing and industrial sectors are further contributing to the surging demand for mobile cranes.
Latin America and Middle East & Africa: Although these regions are currently emerging markets, investments in infrastructure and ongoing urban development projects are likely to propel growth in the mobile crane sector in the coming years.
Key Market Segments:
The mobile crane market can be segmented into several categories, allowing for a detailed understanding of market dynamics:
Types of Mobile Cranes
- Truck-mounted cranes
- Rough-terrain cranes
- All-terrain cranes
- Crawler cranes
- Others (including telescopic and loader cranes)
End-Use Industries
- Construction
- Oil and Gas
- Manufacturing
- Logistics and WarehousingMarine
- Power Generation
- Others
Future Outlook:
Looking forward, the mobile crane market is expected to continue its upward trajectory, with anticipated growth opportunities arising from emerging market trends and technological advancements. Stakeholders should remain agile and innovative, exploring avenues for enhanced operational capabilities and sustainable practices to align with the evolving market landscapes
Contact us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189
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