Crawler Cranes Market Report 2025 (Global Edition)

Global Crawler Cranes Market Report 2025 Market Size Split by Type Outlook: (All Terrain Crane Truck Crane Trailer-Mounted Crane Others), by Application Outlook: (Construction & Mining Transport O...

Crawler Cranes Market Report Description

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<h2>Competitive Landscape of the Crawler Cranes Market</h2> <p>The competitive landscape of the crawler cranes market is signified by the existence of multiple significant companies that prioritize technological advancements, product innovation, and strategic collaborations. Companies make an effort to improve crane performance, lifting capacity, and fuel efficiency to meet the needs of various industries. The market is highly competitive, with companies spending on research and development to maintain a technological advantage and expand their worldwide footprint through collaborations and targeted regional expansions.</p> In January 2024, Kobelco Construction Machinery Co., Ltd. announced the launch of the TKE750G, a new telescopic boom crawler crane with a maximum lifting capacity of 75 metric tonnes. The crane featured an EU Stage V-compliant Mercedes-Benz E9H01 (Daimler OM936LA) engine and followed the same basic concept as the G series lattice boom crawler crane models. (Source: https://www.ivtinternational.com/news/construction/kobelco-launches-new-telescopic-boom-crawler-crane-for-europe.html) In March 2023, Action Construction Equipment (ACE) launched an electric, tyre-mounted telescopic mobile crane and became the only Indian manufacturer to introduce a 180-ton crawler crane. The company also introduced a self-propelled aerial work platform and a new model of flat-top tower crane. The crane was designed for general-purpose applications and demonstrated strong performance at industrial sites in hazardous zones. (Source: https://www.nbmcw.com/equipment-machinery/material-handling-cranes-awp/ace-indias-largest-crane-brand-first-to-launch-electric-mobile-crane-and-180-ton-crawler-crane-in-india-at-bauma-conexpo-2023.html) In September 2024, UNIC Crane Europe announced the release of its latest product brochure, providing comprehensive details on its complete range of innovative lifting solutions. Among the highlights were the advanced UM325 Pop-Up Crane and the versatile UNIC URW-546-2 with Hydraulic Fly Jib, both designed to set new standards for efficiency, precision, and power in the lifting industry. (Source: https://www.uniccranes.com/news/unic-cranes-launches-new-mini-spider-cranes-brochure/)

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

• KATO WORKS CO
• LTD Kobelco Construction Machinery Co.
• Ltd Liebherr-International SANY Group Tadano Demag GmbH
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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!

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<h2>Regional Analysis of the Crawler Cranes Market</h2> <h3>Which Region Dominates the Crawler Cranes Market in 2024?</h3> <p>According to Cognitive Market Research, North America currently dominates the crawler cranes market, and the region is expected to have significant growth during the projected period. The region's demand for high-capacity advanced cranes is driven by the need for efficient heavy-lifting solutions, positioning it as a leader in market growth and innovation.</p> <h3>Which Region is Expanding at the Fastest CAGR?</h3> <p>Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Increased demand from construction, mining, and energy sectors, coupled with technological advancements, fuels the market’s expansion across countries in the region.</p>

The current report Scope analyzes Crawler Cranes 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, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Crawler Cranes Market Analysis

According to Cognitive Market Research, the global Crawler Cranes market size was estimated at USD 4715.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1886.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Crawler Cranes market with a market size of USD 1488.21 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The US holds a major share in the crawler cranes market due to high construction and infrastructure demand.
• The Canada Crawler Cranes market had a market share of USD 226.34 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Canada's growing crawler cranes market is driven by infrastructure expansion, mining, and large-scale construction projects.
• The Mexico Crawler Cranes market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 171.64 million in 2024.

Europe Crawler Cranes Market Analysis

According to Cognitive Market Research, the global Crawler Cranes market size was estimated at USD 4715.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1414.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Crawler Cranes market had a market share of USD 237.66 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The UK is leading the crawler cranes market, driven by infrastructure development and large construction projects.
• The France Crawler Cranes market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 130.15 million in 2024.
• According to Cognitive Market Research, the German Crawler Cranes market size was valued at USD 280.10 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Increased construction activities, infrastructure projects, and industrial expansions fuel Germany's crawler cranes market growth.
• The Italy Crawler Cranes market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 121.66 million in 2024.
• The Russia Crawler Cranes market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 219.27 million in 2024.
• The Spain Crawler Cranes market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 116.00 million in 2024
• The Luxembourg Crawler Cranes market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 43.85 million in 2024.
• The Portugal Crawler Cranes market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 29.71 million in 2024.
• The Greece Crawler Cranes market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 16.98 million in 2024.
• The Rest of Europe's Crawler Cranes market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 219.27 million in 2024.

Asia Pacific Crawler Cranes Market Analysis

According to Cognitive Market Research, the global Crawler Cranes market size was estimated at USD 4715.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1084.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Crawler Cranes market size was valued at USD 488.05 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. China holds the largest share in the crawler cranes market due to extensive infrastructure and construction projects.
• The Japan Crawler Cranes market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 149.67 million in 2024.
• The India Crawler Cranes market had a market share of USD 130.15 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. India's crawler cranes market is experiencing significant growth due to infrastructure development and large-scale construction projects.
• The South Korean Crawler Cranes market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 108.46 million in 2024.
• The Australian Crawler Cranes market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 56.40 million in 2024.
• The South East Asia Crawler Cranes market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 74.83 million in 2024.
• The Rest of Asia Pacific Crawler Cranes market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 77.00 million in 2024.

South America Crawler Cranes Market Analysis

According to Cognitive Market Research, the global Crawler Cranes market size was estimated at USD 4715.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 235.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Crawler Cranes market size was valued at USD 100.91 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Brazil dominates the crawler cranes market due to extensive infrastructure projects, mining, and energy sector developments.
• Argentina's Crawler Cranes market had a market share of USD 39.61 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's growing crawler cranes market is driven by infrastructure development, mining, and large construction projects.
• Colombia Crawler Cranes market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 20.98 million in 2024.
• Peru Crawler Cranes market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 19.33 million in 2024.
• The Chile Crawler Cranes market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 16.98 million in 2024.
• The Rest of Latin America's Crawler Cranes market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 37.96 million in 2024.

Middle East Crawler Cranes Market Analysis

According to Cognitive Market Research, the global Crawler Cranes market size was estimated at USD 4715.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 94.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries Crawler Cranes market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 40.36 million in 2024. GCC countries control the crawler cranes market due to booming construction, infrastructure development, and energy sector projects.
• The Egypt Crawler Cranes market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 9.90 million in 2024.
• The South Africa Crawler Cranes market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 14.90 million in 2024. South Africa's crawler cranes market is rising due to increasing infrastructure development and large-scale construction projects.
• The Turkey Crawler Cranes market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 8.11 million in 2024.
• The Nigeria Crawler Cranes market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 9.90 million in 2024.
• The Rest of the MEA Crawler Cranes market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 11.13 million in 2024.

Crawler Cranes Market Analysis

How are Segments Performing in the Global Crawler Cranes Market? <h3>Crawler Cranes Market Type Segment Analysis</h3> <p>According to Cognitive Market Research, the truck crane segment holds a major share of the crawler cranes market due to its versatility, mobility, and ease of use in various construction and infrastructure projects. These cranes combine the mobility of trucks with the lifting power of cranes, making them ideal for projects requiring high mobility and heavy lifting across construction sites, mining operations, and industrial applications.</p> <p>The all-terrain crane segment is the fastest-growing within the crawler cranes market due to its versatility and ability to operate in diverse environments. These cranes combine the agility of a mobile crane with the stability of a crawler crane, making them ideal for construction, infrastructure, and industrial projects. Their ability to work in challenging terrains and varying conditions drives their increasing demand.</p>

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 Crawler Cranes Industry. Request a Free Sample PDF!

<h3>Crawler Cranes Market Application Segment Analysis</h3> <p>According to Cognitive Market Research, the construction and mining segment holds a major share in the crawler cranes market, driven by the increasing demand for heavy lifting equipment in large-scale projects. In construction, crawler cranes are essential for building infrastructure such as bridges and towers. In mining, they are used for material handling and equipment installation, boosting demand for reliable and high-capacity cranes.</p> <p>The utility sector is the fastest-growing segment in the crawler cranes market, as increasing demand for power generation, transmission, and distribution projects requires advanced lifting solutions. Crawler cranes are crucial for installing large equipment like transformers, turbines, and power lines in challenging environments. The expansion of renewable energy infrastructure and maintenance projects also fuels this growth.</p>

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

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Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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