Cranes Rental Market Report 2025 (Global Edition)

Global Cranes Rental Market Report 2025 Market Size Split by Product (Mobile Cranes, Fixed Cranes), by Application (Aerospace & Defense, Agriculture & Forestry, Automotive, Construction, Energy & Powe...

Cranes Rental Market Report Description

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Cranes Rental Market Insights Video

Competitive Landscape of the Cranes Rental Market

The Cranes Rental market boasts a highly competitive landscape characterized by a multitude of players striving for market dominance. These giants constantly invest in cutting-edge technologies and equipment, ensuring a robust and versatile offering.

Cranes Rental Industry News:

Maxim Crane Works, L.P. acquired the assets of Tri-State Crane, a Cincinnati-based company, in July 2018. This strategic acquisition expanded Maxim's operations in the tri-state area and supported ongoing growth in the region.

Top Companies Market Share in Cranes Rental Industry: (In no particular order of Rank)

• Sarens NV
• Mammoet
• ALL Erection & Crane Rental Corp.
• Lampson International LLC
• Action Construction Equipment Ltd.
• Maxim Crane Works
• ALE
• Sanghvi Movers Limited
• Deep South Crane and Rigging
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, Asia Pacific Cranes Rental Market share was 38% of the total market

According to Cognitive Market Research, the Asia Pacific region commands a formidable 38% market share and is anticipated to reach a substantial Market Size of USD 16.64 Billion by 2030 in the Cranes Rental market. This dominance is fueled by robust economic growth, a surge in infrastructure projects, and burgeoning construction activities. Countries like China and India, undergoing rapid urbanization, significantly contribute to the escalating demand for cranes across various sectors. The building and construction segment takes center stage within the region, driven by extensive construction endeavors, infrastructure expansion, and government-led initiatives. With a dominant market share and a thriving construction landscape, the Asia Pacific region solidifies its position as a powerhouse in the Cranes Rental market, ensuring a promising future for the industry.

North America is poised for exceptional growth, emerging as the fastest-growing region with a commanding 28% market share and a projected Market Size of USD 12.26 Billion by 2030. The region's accelerated growth is attributed to a surge in construction and infrastructure development activities, driven by economic resurgence and increased investments in building projects. Particularly, the mobile cranes segment stands out as a key driver, catering to the dynamic needs of the construction industry. With a strategic focus on technological advancements and innovative solutions, North America is establishing itself as a vibrant hub for the Cranes Rental market, promising sustained growth and market leadership in the coming years.

The current report Scope analyzes Cranes Rental Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cranes Rental Market

North America Cranes Rental Market Analysis:

According to Cognitive Market Research, North America is poised for exceptional growth, emerging as the fastest-growing region with a commanding 28% market share and a projected Market Size of USD 12.26 Billion in 2023. The region's accelerated growth is attributed to a surge in construction and infrastructure development activities, driven by economic resurgence and increased investments in building projects. Particularly, the mobile cranes segment stands out as a key driver, catering to the dynamic needs of the construction industry. With a strategic focus on technological advancements and innovative solutions, North America is establishing itself as a vibrant hub for the Cranes Rental market, promising sustained growth and market leadership in the coming years

Europe Cranes Rental Market

Europe Cranes Rental Market Analysis:

According to Cognitive Market Research, Europe is experiencing substantial growth, commanding a significant 26% market share and projecting an impressive 11.39 USD Billion Market Size in 2023. Fueled by a thriving construction sector driven by infrastructure development and urbanization initiatives, the region stands as a key player in the global market. The expansion of crucial segments, including residential and commercial construction, industrial facilities, and infrastructure projects, contributes to Europe's market dominance. The adherence to stringent safety standards and environmental regulations further underscores the region's commitment to modern and eco-friendly crane technologies. Notably, the preference for mobile cranes within the region highlights the importance of flexibility and adaptability in diverse construction scenarios. As market players continue to invest in advanced technologies and sustainable practices, Europe's Cranes Rental market is positioned for sustained growth and heightened prominence on the global stage. 

Asia Pacific Cranes Rental Market

Asia Pacific Cranes Rental Market Analysis:

According to Cognitive Market Research, The Asia Pacific region commands a formidable 38% market share and is anticipated to reach a substantial Market Size of USD 16.64 Billion in 2023 in the Cranes Rental market. This dominance is fueled by robust economic growth, a surge in infrastructure projects, and burgeoning construction activities. Countries like China and India, undergoing rapid urbanization, significantly contribute to the escalating demand for cranes across various sectors. The building and construction segment takes center stage within the region, driven by extensive construction endeavors, infrastructure expansion, and government-led initiatives. With a dominant market share and a thriving construction landscape, the Asia Pacific region solidifies its position as a powerhouse in the Cranes Rental market, ensuring a promising future for the industry.

South America Cranes Rental Market

South America Cranes Rental Market Analysis:

According to Cognitive Market Research, Latin America emerges as a growing player in the Cranes Rental market, capturing a 5% market share and anticipating a 2.19 USD Billion Market Size in 2023. The region's development is propelled by burgeoning construction activities, including residential, commercial, and infrastructural projects. Latin America's unique topography, marked by diverse terrains and urbanization trends, necessitates a dynamic approach to crane rental, with mobile cranes taking precedence. As economies in the region progress, there's a rising demand for efficient lifting solutions, driving the market forward. The segment-specific growth aligns with the region's strategic focus on construction, fostering economic development. With continued investments in infrastructure and energy projects, Latin America positions itself as a key player in the global Cranes Rental landscape, promising sustained expansion and market relevance

Middle East Cranes Rental Market

Middle East and Africa Cranes Rental Market Analysis:

According to Cognitive Market Research, Middle East and Africa (MEA) region emerges as a dynamic player in the Cranes Rental market, securing a 3.00% market share and projecting a 1.31 USD Billion Market Size in 2023. Fueled by rapid urbanization, ambitious construction projects, and burgeoning industrialization, the MEA region witnesses a surge in demand for crane rental services. With a focus on fixed cranes, particularly for large-scale infrastructure initiatives, the region addresses unique challenges posed by its diverse landscapes. Infrastructure development, including oil and gas projects, contributes significantly to the growth, establishing the MEA region as a vital market player. As the region continues to invest in modernizing its urban spaces and enhancing industrial capabilities, the Cranes Rental market in the Middle East and Africa anticipates sustained expansion, underscoring its strategic importance in the global landscape

Cranes Rental Market Analysis

Cranes Rental Type Segment Analysis

According to Cognitive Market Research, mobile cranes stand out as the dominant category due to their versatility and widespread applicability. Mobile cranes offer the advantage of mobility, allowing them to be easily transported to various job sites. This flexibility is particularly crucial in dynamic construction and infrastructure projects, where the crane needs to be repositioned frequently. The ability to navigate different terrains and reach confined spaces makes mobile cranes a preferred choice for a broad range of applications, contributing to their dominance in the Cranes Rental market.

Fixed cranes emerge as the fastest-growing category in the Cranes Rental market. The demand for fixed cranes is on the rise, especially in long-term construction projects where a crane is required consistently at a specific location. Fixed cranes offer stability and high lifting capacity, making them suitable for large-scale construction projects. The increasing trend towards urbanization and infrastructure development fuels the demand for fixed cranes, driving their rapid growth in the Cranes Rental market.

• Mobile Cranes
• Fixed Crane

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cranes Rental Industry. Request a Free Sample PDF!

Cranes Rental Application Segment Analysis

According to Cognitive Market Research, the building and construction sector emerges as the dominant category. The demand for cranes in building and construction activities is consistently high due to the need for lifting and transporting heavy materials, machinery, and structural components. Cranes play a pivotal role in various construction tasks such as erecting steel structures, lifting concrete elements, and facilitating the overall construction process.

The fastest-growing category in the Cranes Rental market is attributed to applications in the oil and gas sector. The oil and gas industry demands specialized cranes for tasks such as equipment installation, maintenance, and material handling in challenging offshore and onshore environments. The continuous exploration and development activities in the oil and gas sector, along with the need for efficient and reliable lifting solutions, propel the rapid growth of crane rentals in this segment.

• Aerospace & Defense
• Agriculture & Forestry
• Automotive
• Construction
• Energy & Power
• Manufacturing
• Metal & Mining
• Oil & Gas
• Paper & Pulp
• Railway & Transportation
• Shipyards & Shipbuilding
• Utility
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cranes Rental Capacity Segment Analysis

• Up to 30 Ton
• 30 - 50 Ton
• 50 - 75 Ton
• 75 - 100 Ton
• 100 - 150 Ton
• 150 - 200 Ton
• Above 200 Ton

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion