Global Truck Mounted Crane
Market Report
2025
The global Truck Mounted Cranes Market size will be USD 2854.2 million in 2025. Rising demand for high-speed internet and data transfer is expected to boost sales to USD 4184.93 million by 2033, with a Compound Annual Growth Rate (CAGR) of 4.9% from 2025 to 2033.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Truck Mounted Cranes Market size will be USD 2854.2 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
2021 | 2025 | 2033 | CAGR | |
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Global Truck Mounted Crane Market Sales Revenue | 121212 | 121212 | $ 4184.93 Million | 4.9% |
North America Truck Mounted Crane Market Sales Revenue | 121212 | $ 827.72 Million | $ 1024.3 Million | 2.7% |
United States Truck Mounted Crane Market Sales Revenue | 121212 | $ 653.06 Million | 121212 | 2.5% |
Canada Truck Mounted Crane Market Sales Revenue | 121212 | $ 99.32 Million | 121212 | 3.5% |
Mexico Truck Mounted Crane Market Sales Revenue | 121212 | $ 75.32 Million | 121212 | 3.2% |
Europe Truck Mounted Crane Market Sales Revenue | 121212 | $ 685.01 Million | $ 881.3 Million | 3.2% |
United Kingdom Truck Mounted Crane Market Sales Revenue | 121212 | $ 115.08 Million | 121212 | 4% |
France Truck Mounted Crane Market Sales Revenue | 121212 | $ 63.02 Million | 121212 | 2.4% |
Germany Truck Mounted Crane Market Sales Revenue | 121212 | $ 135.63 Million | 121212 | 3.4% |
Italy Truck Mounted Crane Market Sales Revenue | 121212 | $ 58.91 Million | 121212 | 2.6% |
Russia Truck Mounted Crane Market Sales Revenue | 121212 | $ 106.17 Million | 121212 | 2.2% |
Spain Truck Mounted Crane Market Sales Revenue | 121212 | $ 56.17 Million | 121212 | 2.3% |
Sweden Truck Mounted Crane Market Sales Revenue | 121212 | $ 21.23 Million | 121212 | 3.3% |
Denmark Truck Mounted Crane Market Sales Revenue | 121212 | $ 14.38 Million | 121212 | 3% |
Switzerland Truck Mounted Crane Market Sales Revenue | 121212 | $ 10.27 Million | 121212 | 2.9% |
Luxembourg Truck Mounted Crane Market Sales Revenue | 121212 | $ 8.22 Million | 121212 | 3.5% |
Rest of Europe Truck Mounted Crane Market Sales Revenue | 121212 | $ 95.9 Million | 121212 | 1.9% |
Asia Pacific Truck Mounted Crane Market Sales Revenue | 121212 | $ 1056.05 Million | $ 1801 Million | 6.9% |
China Truck Mounted Crane Market Sales Revenue | 121212 | $ 443.54 Million | 121212 | 6.4% |
Japan Truck Mounted Crane Market Sales Revenue | 121212 | $ 145.73 Million | 121212 | 5.4% |
South Korea Truck Mounted Crane Market Sales Revenue | 121212 | $ 126.72 Million | 121212 | 6% |
India Truck Mounted Crane Market Sales Revenue | 121212 | $ 105.6 Million | 121212 | 8.8% |
Australia Truck Mounted Crane Market Sales Revenue | 121212 | $ 54.91 Million | 121212 | 6.2% |
Singapore Truck Mounted Crane Market Sales Revenue | 121212 | $ 21.12 Million | 121212 | 7.2% |
Taiwan Truck Mounted Crane Market Sales Revenue | 121212 | $ 41.18 Million | 121212 | 6.7% |
South East Asia Truck Mounted Crane Market Sales Revenue | 121212 | $ 69.69 Million | 121212 | 7.7% |
Rest of APAC Truck Mounted Crane Market Sales Revenue | 121212 | $ 47.52 Million | 121212 | 6.7% |
South America Truck Mounted Crane Market Sales Revenue | 121212 | $ 114.17 Million | $ 158.7 Million | 4.2% |
Brazil Truck Mounted Crane Market Sales Revenue | 121212 | $ 46.42 Million | 121212 | 4.5% |
Argentina Truck Mounted Crane Market Sales Revenue | 121212 | $ 18.22 Million | 121212 | 4.8% |
Colombia Truck Mounted Crane Market Sales Revenue | 121212 | $ 9.65 Million | 121212 | 3.7% |
Peru Truck Mounted Crane Market Sales Revenue | 121212 | $ 8.89 Million | 121212 | 4.1% |
Chile Truck Mounted Crane Market Sales Revenue | 121212 | $ 7.8 Million | 121212 | 4.2% |
Rest of South America Truck Mounted Crane Market Sales Revenue | 121212 | $ 17.46 Million | 121212 | 3% |
Middle East Truck Mounted Crane Market Sales Revenue | 121212 | $ 108.46 Million | $ 147.3 Million | 3.9% |
Qatar Truck Mounted Crane Market Sales Revenue | 121212 | $ 9.13 Million | 121212 | 3.7% |
Saudi Arabia Truck Mounted Crane Market Sales Revenue | 121212 | $ 40.18 Million | 121212 | 4.5% |
Turkey Truck Mounted Crane Market Sales Revenue | 121212 | $ 9.13 Million | 121212 | 4.8% |
UAE Truck Mounted Crane Market Sales Revenue | 121212 | $ 23.51 Million | 121212 | 4.7% |
Egypt Truck Mounted Crane Market Sales Revenue | 121212 | $ 6.85 Million | 121212 | 4% |
Rest of Middle East Truck Mounted Crane Market Sales Revenue | 121212 | $ 25.34 Million | 121212 | 3.4% |
Africa Truck Mounted Crane Market Sales Revenue | 121212 | $ 62.79 Million | $ 90 Million | 4.6% |
Nigeria Truck Mounted Crane Market Sales Revenue | 121212 | $ 5.02 Million | 121212 | 4.8% |
South Africa Truck Mounted Crane Market Sales Revenue | 121212 | $ 22.1 Million | 121212 | 5.5% |
Rest of Africa Truck Mounted Crane Market Sales Revenue | 121212 | $ 35.66 Million | 121212 | 3.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by By Type Outlook: |
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Market Split by By Mode of Operation Outlook: |
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Market Split by By Maximum Lifting Capacity Outlook: |
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List of Competitors |
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Truck Mounted Crane Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Truck-mounted cranes are lightweight, highly mobile, and simple to assemble with mobility and are widely usable in material handling and equipment installation jobs, particularly in construction sites. Hydraulic technologies combined with superior control technologies and fuel-efficient engines provide improved operation performance of truck-mounted cranes. Growing infrastructure development, urbanization, and the increasing demand for efficient lifting solutions in various industries like construction, logistics, mining, and utilities. The shift towards sustainable building methods, coupled with the need for electric and hybrid drive systems, is likely to open up new growth prospects for the truck mounted cranes market. Moreover, the growth in modular construction and the growing utilization of prefabricated building units further drive demand for truck-mounted cranes. As the complexity of construction projects increases, the need for flexible and high-capacity equipment like truck-mounted cranes will keep on rising.
In March 2025, Manitowoc revealed a new lineup of low cost Grove truck mounted cranes at an official launch event held at its Africa and Middle East regional headquarters in Dubai. The showcase included the highly anticipated Grove TMC 550, alongside two new models the Grove TMC 250 and Grove TMC 750. These models are tailored for customers in the Middle East, Africa, and CIS regions. https://www.patersonsimons.com/manitowoc-unveils-new-low-cost-range-of-grove-truck-mounted-cranes/”
The global focus on infrastructure construction is a key driver for the truck-mounted cranes market. Governments across the world are investing significantly in infrastructure projects to boost economic growth, enhance connectivity, and improve public services. For example, the US Infrastructure Investment and Jobs Act provides significant funding for roads, bridges, and public transportation systems, leading to a boom in demand for sophisticated lifting equipment. In developing economies such as India, projects like the National Infrastructure Pipeline seek to invest trillions in the development of the nation's infrastructure, such as roads, highways, and airports. Such projects require efficient and versatile equipment, such as truck-mounted cranes, for seamless implementation. Truck-mounted cranes' mobility, flexibility, and rapid setup make them invaluable in dynamic and intricate construction sites. Their capacity to transport heavy material effectively across multiple locations guarantees an uninterrupted flow of operations, contributing to the attainment of project schedules. For instance, New World Bank data finds that private infrastructure investment in low- and middle-income countries totalled USD 86 billion in 2023. Investments declined 5% compared with 2022; however, they were on par with the previous five-year average.
Advances in hydraulic systems and control technologies have greatly improved the performance and safety of truck-mounted cranes. New hydraulic systems provide greater lifting capacity, increased precision, and improved fuel efficiency. Advanced load management systems and intelligent control technologies allow operators to manage heavier loads more consistently, improving efficiency on the construction site. The incorporation of advanced technologies like telemetry, GPS tracking, and real-time monitoring allows crane activity to be managed and operated safely. These technologies minimize the need for human intervention, thus reducing human error and increasing efficiency in operations. Consequently, truck-mounted cranes are becoming indispensable equipment in construction projects, enhancing productivity and safety?.
Growing burden of stringent emissions and safety compliance standards across major economies. Legislatures in the US (EPA), Europe (EURO VI), and Asia (China VI, Bharat Stage VI) are mandating low-emissions regulations that necessitate upgraded exhaust after-treatment technologies and hybrid powertrain technology in cranes. Such technologies significantly add to production expenses, curbing profitability—particularly for low- and mid-capacity OEMs. Simultaneously, safety regulations around operator ergonomics, overload protection, noise levels, and telematics integration are increasing, especially in Europe and North America. Complying with these standards requires continued R&D spending, testing, and certification, which prolongs development timelines and inflates product costs. For rental agencies and fleet operators, upgrades to comply with regulations also increase operating costs and service downtime. This generates a price mismatch within emerging markets, hindering uptake and favoring cost-effective but non-compliant alternatives despite threats to safety.
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The Trump administration's imposition of tariffs, especially on steel, aluminum, and Chinese-made products, directly and quantifiably affected the truck-mounted cranes market. As steel and aluminum are essential raw materials for the making of cranes, the 25% tariff imposed on steel imports and 10% on aluminum had a substantial increase in material costs for the U.S.-based OEMs. This directly increased the cost of production, compelling manufacturers to either absorb the margin or pass on costs to customers, making them less competitive.
Moreover, tariffs on parts imported from China hydraulic systems, electrical controls, and boom components interrupted the supply chain and caused project delays and inventory shortages. American crane builders that were depending on overseas suppliers were presented with the option: move their supply chains or shell out more for inputs, both of which retarded innovation and affected volumes of production. Consequently, cost pressure and uncertainty during operations harmed both domestic manufacturing and demand for truck-mounted cranes in the short-to-medium term.
Outside the crane market, the tariffs had a ripple effect that stressed related markets like construction, logistics, and crane rental businesses. Increased equipment prices due to tariffs resulted in increased project bids and construction delays, particularly in public infrastructure and real estate projects where budgets are fixed. Rental businesses, major players in the truck-mounted crane market, experienced tighter capital expenditure budgets, limiting their fleet growth or replacement plans. Indirectly, tariffs put pressure on US–China trade, triggering retaliatory tariffs that affected American export of construction equipment and components, reducing the global export potential for U.S.-based crane OEMs.
Furthermore, tariffs heightened market uncertainty and procurement hesitation, resulting in many developers holding off on investment in large projects. Allied industries such as heavy equipment leasing, aftermarket repair, and component suppliers saw revenue growth slow. Tariffs also encouraged domestic reshoring and re-engineering, but structural changes come at a cost of time, momentarily halting momentum in related industries of the truck-mounted crane value chain.
The market for truck-mounted cranes is moderately consolidated, with global OEMs like Liebherr, Terex Corporation, XCMG, Tadano, and Manitowoc holding dominance, supplemented by regional participants from Asia and Europe. Competition centers on technological development, capacity lifting, fuel economy, and the integration of automation. Traditional brands use powerful distribution networks, aftermarket support, and varied product portfolios to hold onto market share. Chinese players, on the other hand, are upsetting pricing structures with cost-efficient models. Rental operators are key influencers, driving brand choice and acceptance. The sector is more driven by strategic partnerships, localization, and digital revolution efforts to support changing customer needs.
In November 2024, Grove has upgraded the GMK6400-1 to the GMK6450-1 in response to customer demand for a higher-capacity crane. The new GMK6450-1 designation better reflects the crane’s enhanced lifting capabilities in the six-axle category, with the nominal maximum capacity rising from 400t to 450t, aligning with customer feedback. These enhancements are as a result of the introduction of the MAXbase™ variable outrigger positioning system. https://www.patersonsimons.com/grove-upgrades-the-gmk6400-1-to-gmk6450-1/" In June 2024, The Liebherr factory in Ehingen has updated its product range and launched the world's most powerful 6-axle crane: the new LTM 1400-6.1 has a 70-metre telescopic boom and is characterised by clever and simple setup processes. The new crane is the successor to the proven and successful LTM 1350-6.1. https://www.liebherr.com/en-in/n/strong-long-and-easy-liebherr-presents-the-ltm-1400-6-1-the-worlds-most-powerful-6-axle-crane-82287-4330291" In March 2023, Tadano announces two new truck crane models for the United States and Canada, expanding the range of lifting solutions for customers in those markets. With their low axle weight, narrow transport width and long boom designs, the new Tadano GT-1200XL-2 and GT-800XL-2 can easily get special permitting for transport, making them ideal for taxi crane service. Tadano will display the new GT-1200XL-2 model in booth #F9707 for ConExpo 2023 attendees to see in Las Vegas. https://www.tadano.com/news/2023/230309.html"
Top Companies Market Share in Truck Mounted Crane Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Asia-Pacific (APAC) remains the most dominant player in the global truck-mounted cranes market, fueled by gigantic investments in infrastructure, industrialization, and urbanization. China is the single largest contributor of this region with a well-established domestic manufacturing base, large scale public infrastructure projects under the Belt and Road Initiative, and high demand from logistics, mining, and construction industries. India comes next with increased investments in highways, ports, smart cities, and renewable energy facilities, supported by government initiatives such as PM Gati Shakti and National Infrastructure Pipeline (NIP). Japan and South Korea offer a tech-enabled advantage, in which precision-made, eco-friendly, and compact crane models serve space-starved urban projects. Southeast Asian countries like Indonesia, Vietnam, and the Philippines are becoming hotspots with growing foreign direct investments and property developments. The region has a robust manufacturing sector, cheap production, and rising intra-regional trade. Also, the emergence of Chinese OEMs like XCMG, Zoomlion, and SANY with competitive pricing and growing global presence increases competition, making APAC the most commercially vibrant and strategically significant region in the global truck-mounted cranes market.
The Middle East is rapidly becoming a high-growth region for the truck-mounted cranes market, fueled by visionary infrastructure projects, diversification away from oil economies, and increasing urbanization. Countries such as Saudi Arabia, UAE, and Qatar are leading the charge with multibillion-dollar megaprojects like NEOM, The Line, Lusail City, and Abu Dhabi’s Midfield Terminal, requiring advanced lifting equipment with superior mobility and heavy-load capacity. The demanding climatic conditions of the region require robust, all-terrain cranes with heat resistance and extended-duty cycles, providing niche opportunities for high-end OEMs such as Liebherr, Tadano, and Manitowoc. The rental market is also on fire, with contractors electing cost-effective short-term leasing over outright purchase on account of high capital intensity and project-specific crane usage. National vision statements such as Saudi Vision 2030 and UAE Centennial 2071 are still driving demand in energy, transport, and tourism segments. In addition to this, localization of manufacturing efforts and supply-chain diversification initiated by the governments are pushing international OEMs towards setting up regional assembly units or joint ventures, thus turning the Middle East region into a strategically very attractive marketplace with long-term growth visibility.
The current report Scope analyzes Truck Mounted Crane 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
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According to Cognitive Market Research, the global Truck Mounted Cranes Market size was estimated at USD 2854.2 Million, out of which North America held the major market share of more than 29% of the global revenue with a market size of USD 827.72 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Truck Mounted Cranes Market with a market size of USD 653.06 million in 2025 and is projected to grow at a CAGR of 2.5% during the forecast period. Infrastructure Modernization Boom drives United State Truck Mounted Cranes Market.
The Canadian Truck Mounted Cranes Market had a market share of USD 99.32 million in 2025 and is projected to grow at a CAGR of 3.5% during the forecast period. Urban Redevelopment and Energy Projects drives Canada Truck Mounted Cranes Market.
The Mexico Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 75.32 million in 2025..
According to Cognitive Market Research, The global Truck Mounted Cranes Market size was estimated at USD 2854.2 Million, out of which Europe held the market share of more than 24% of the global revenue with a market size of USD 685.01 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.
The United Kingdom Truck Mounted Cranes Market had a market share of USD 115.08 million in 2025 and is projected to grow at a CAGR of 4% during the forecast period. Green Construction and Retrofitting drives United Kingdom Truck Mounted Cranes Market.
The France Truck Mounted Cranes Market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 63.02 million in 2025.
According to Cognitive Market Research, the German Truck Mounted Cranes Market size was valued at USD 135.63 million in 2025 and is projected to grow at a CAGR of 3.4% during the forecast period. Industry 4.0 and Smart Equipment Integration drives Germany Truck Mounted Cranes Market.
The Italy Truck Mounted Cranes Market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 58.91 million in 2025.
The Russia Truck Mounted Cranes Market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 106.17 million in 2025
The Spain Truck Mounted Cranes Market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD 56.17 million in 2025
The Sweden Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 21.23 million in 2025.
The Denmark Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3% during the forecast period, with a market size of USD 14.38 million in 2025
The Switzerland Truck Mounted Cranes Market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 10.27 million in 2025.
The Luxembourg Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 8.22 million in 2025.
The Rest of Europe's Truck Mounted Cranes Market is projected to witness growth at a CAGR of 1.9 % during the forecast period, with a market size of USD 95.90 million in 2025.
According to Cognitive Market Research, the global Truck Mounted Cranes Market size was estimated at USD 2854.2 Million, out of which APAC held the market share of around 37% of the global revenue with a market size of USD 1056.05 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.9 % from 2025 to 2033.
The China Truck Mounted Cranes Market size was valued at USD 443.54 million in 2025 and is projected to grow at a CAGR of 6.4% during the forecast period. Truck Mounted Cranes Market surged in China due to Belt and Road Initiative & Urban Mega-Projects
The Japan Truck Mounted Cranes Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 145.73 million in 2025
The South Korea Truck Mounted Cranes Market had a market share of USD 126.72 million in 2025 and is projected to grow at a CAGR of 6% during the forecast period. Smart City Infrastructure and Robotics drives South Korea Truck Mounted Cranes Market.
The Indian Truck Mounted Cranes Market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 105.6 million in 2025.
The Australian Truck Mounted Cranes Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 54.91 million in 2025.
The Singapore Truck Mounted Cranes Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 21.12 million in 2025.
The Taiwan Truck Mounted Cranes Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 41.18 million in 2025.
The South East Asia Truck Mounted Cranes Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 69.69 million in 2025.
The Rest of APAC Truck Mounted Cranes Market is projected to witness growth at a CAGR of 6.7 % during the forecast period, with a market size of USD 47.52 million in 2025.
According to Cognitive Market Research, the global Truck Mounted Cranes Market size was estimated at USD 2854.2 Million, out of which South America held the market share of around 4% of the global revenue with a market size of USD 114.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
The Brazil Truck Mounted Cranes Market size was valued at USD 46.42 million in 2025 and is projected to grow at a CAGR of 4.5% during the forecast period. Transportation Infrastructure and Mining drives Brazil Truck Mounted Cranes Market.
Argentina's Truck Mounted Cranes Market had a market share of USD 18.22 million in 2025 and is projected to grow at a CAGR of 4.8% during the forecast period. Industrial Recovery and Public Works Programs drives Argentina Truck Mounted Cranes Market.
Colombia Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 9.65 million in 2025
Peru Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 8.89 million in 2025.
Chile Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 7.8 million in 2025
The Rest of South America's Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3 % during the forecast period, with a market size of USD 17.46 million in 2025.
According to Cognitive Market Research, the global Truck Mounted Cranes Market size was estimated at USD 2854.2 Million, out of which the Middle East held the major market share of around 3.8% of the global revenue with a market size of USD 108.46 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033.
The Qatar Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 9.13 million in 2025. Mega Events and Vision 2030 drives Qatar Truck Mounted Cranes Market.
The Saudi Arabia Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 40.18 million in 2025.
The Turkey Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 9.13 million in 2025. Truck Mounted Cranes Market sales flourished in Turkey due to Earthquake Resilience and Urban Regeneration
The UAE Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 23.51 million in 2025.
The Egypt Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4% during the forecast period, with a market size of USD 6.85 million in 2025.
The Rest of the Middle East Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.4 % during the forecast period, with a market size of USD 25.34 million in 2025
According to Cognitive Market Research, the global Truck Mounted Cranes Market size was estimated at USD 2854.2 Million, out of which the Africa held the major market share of around 2.2% of the global revenue with a market size of USD 62.79 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.6 % from 2025 to 2033.
The Nigeria Truck Mounted Cranes Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 5.02 million in 2025. Truck Mounted Cranes Market sales flourish due to Oil & Gas Sector and Real Estate Expansion
The South Africa Truck Mounted Cranes Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 22.10 million in 2025.
The Rest of Africa Truck Mounted Cranes Market is projected to witness growth at a CAGR of 3.8 % during the forecast period, with a market size of USD 35.66 million in 2025.
Global Truck Mounted Crane Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Truck Mounted Crane Industry growth. Truck Mounted Crane market has been segmented with the help of its By Type Outlook:, By Mode of Operation Outlook: By Maximum Lifting Capacity Outlook:, and others. Truck Mounted Crane market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Truck Mounted Cranes Market?
According to Cognitive Market Research, Telescopic truck-mounted cranes are the most popular in the market because they are versatile, easy to move, and can be quickly deployed. They find extensive applications in construction, logistics, and utility industries because their retractable boom system supports adjustable lifting heights and compact storage. Their hydraulic extendibility feature ensures rapid deployment on crowded job sites, and therefore, they suit urban construction projects, high-rise buildings, and bridge repair works. Telescopic cranes enjoy popularity among rental fleets because they are low in maintenance, user-friendly, and versatile across applications. OEM brands such as Liebherr and Tadano keep pushing limits in load carrying capacity, automating operations, and fuel optimization, cementing their leadership status. Their low cost of maintenance compared to lattice boom cranes, particularly at mid-duty capacity, further helps the segment stand out. Its popularity is enhanced by growing applications in electric and hybrid telescopic models in environment-conscious markets as well. The universal demand from developed and developing countries places the telescopic cranes as the most commercially viable and operationally versatile segment of the market.
Knuckle boom cranes are witnessing high growth with escalating demand for portable, flexible lifting equipment in the urban infrastructure, utility maintenance, and waste management sectors. Their articulated arm design enables them to take tight turns in congested areas, which makes them best placed for city-based applications where conventional cranes prove impossible. The market is being led by growing municipal spending on the development of smart cities, renewable energy installations, and expanding utility grids. Also, there is increasing demand within Europe and North America for truck-mounted cranes of light- and medium-duty to use in utility repair work, telecom pole installation, and landscaping. OEMs like Palfinger, Hiab, and Fassi are increasing their range with remote-controlled, electric-hydraulic models, improving safety and operator productivity. Increasing labor costs are driving end-users to equipment that involves fewer man-hours and provides greater automation capabilities. With emissions and noise regulations becoming stricter, the compact and efficient profile of knuckle booms makes them the most likely sub-segment with double-digit growth prospects during the forecast period.
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According to Cognitive Market Research, Hydraulic truck-mounted cranes hold sway in the international market because of their high lifting efficiency, precision control, and versatility in varying load conditions. Hydraulic truck-mounted cranes make use of advanced hydraulic systems that provide more torque and smoother motion, which suit them for construction, mining, oil refinery, and transportation applications. Their capability to lift heavy loads at variable angles with low operator input renders them indispensable on rough terrain and industrial environments. The hydraulic system enables quicker boom extension and retraction, and increased productivity on time-critical jobs. OEMs continue to invest in load-sensing hydraulics, energy recovery systems, and hybrid integration to optimize fuel economy and safety. Also, the ubiquitous availability of hydraulic spare parts and skilled labor allows for simpler maintenance and lower lifecycle costs. Their ability to perform across crane types—telescopic, knuckle, and lattice boom models alike makes hydraulics the pillar of the truck-mounted crane world, particularly in heavy-duty, high-load settings.
In the Truck Mounted Cranes Market, Electric truck-mounted cranes are the fastest-growing segment as a result of worldwide moves toward decarbonization, improving urban air quality, and minimizing noise pollution. Governments across the globe are advocating tighter emissions regulations, particularly in urban construction sites and residential areas. Consequently, fleet operators and contractors are looking for environmentally friendly options without compromising lifting performance. Advanced technology now makes electric truck-mounted cranes competitive in lifting capacities, driven by lithium-ion batteries and regenerative braking systems. Original equipment manufacturers like Liebherr and Palfinger have started incorporating smart energy management systems and remote diagnostics, optimizing operational control and predictive maintenance. The cranes are especially attractive for utility work, city infrastructure maintenance, and indoor areas such as warehouses, airports, and industrial plants. Although initial capital expense is still high, total cost of ownership is declining, aided by tax incentives and decreasing energy/fuel prices. As municipalities broaden green building requirements, demand for quiet, emission-free cranes will grow further, making electric operation the forward-thinking growth opportunity.
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According to Cognitive Market Research, the 15–30 tons lifting capacity segment holds the largest share in the truck-mounted cranes market on account of its adaptability, affordability, and applicability to mid-sized construction and logistics businesses. The cranes find extensive use in urban infrastructure, road construction, housing projects, and small industry operations and provide a compromising balance between mobility and lifting capacity. Contractors favor this capacity range because of its convenience to move on regular highways, quicker installation, and less permitting issues, which are frequently hindrances with larger-capacity machines. Rental fleets stock this class heavily, as it matches the most common load demands in several industries. OEMs are more and more fitting this class with sophisticated hydraulic systems, telematics, and semi-automatic control panels to enhance efficiency and decrease operator fatigue. The reliability and value proposition of this capacity segment, together with its utility in light-to-medium duty applications, continue to maintain its leadership in mature markets as well as emerging economies. With the increasing pace of infrastructure development in Tier 2 and Tier 3 cities in countries around the world, demand for these trustworthy, mid-capacity cranes remains on an uptrend, strengthening their market share.
In the Truck Mounted Cranes Market, the "Above 50 Tons" category is growing at a healthy pace on account of growth in mega infrastructure projects, upgrading industrial complexes, and investments in the energy sector. The category finds applications in bridge building, installation of wind turbines, heavy mining operations, and constructing oil & gas plants where heavy lifting capacity is necessary. Growing economies such as India, Indonesia, and Brazil are increasingly ordering large projects requiring cranes for lifting modular blocks, precast elements, and heavy machinery. Developed countries such as the US and Germany also spur demand through renovations in power grid and high-speed rail corridors. OEMs are developing multi-axle chasses, off-road capabilities, and automated stablization systems to enable high-capacity cranes in rugged environments. While capital-hungry, this market is expanding with increased demand for fewer but higher-capacity machines, cutting project schedules and man-hour needs. With the global boom in renewable energy installations and seaborne projects, the demand for super heavy-duty truck-mounted cranes is picking up speed fast, making this segment the fastest-growing lift capacity frontier.
According to Cognitive Market Research, Construction remains the largest and most dominant end-use segment for truck-mounted cranes due to the consistent global demand for residential, commercial, and infrastructure development. These cranes are pivotal for lifting steel beams, concrete slabs, utility equipment, and modular structures at construction sites. Their mobility, rapid deployment, and ability to maneuver within congested spaces give truck-mounted variants an edge over tower or crawler cranes in urban projects. Governments across regions are investing heavily in roads, metro systems, airports, and housing—especially in APAC and the Middle East—fueling crane demand. Rental players cater extensively to the construction sector, offering scalable and cost-effective lifting solutions. Additionally, rising adoption of prefabricated construction methods and modular housing enhances the need for truck-mounted cranes capable of swift lifting and placement. Major OEMs focus product innovation in this segment, integrating real-time load monitoring and remote diagnostics. As smart cities, green buildings, and transit infrastructure evolve, construction will remain the bedrock of demand, ensuring this segment's continued dominance.
In the Truck Mounted Cranes Market, the logistics and transportation sector is emerging as the fastest-growing end-use segment for truck-mounted cranes, fueled by e-commerce expansion, global trade recovery, and warehousing growth. These cranes play a vital role in loading/unloading shipping containers, cargo handling, and repositioning heavy goods at ports, freight terminals, and distribution centers. As supply chain complexity increases, logistics companies are investing in multi-modal hubs, smart warehouses, and automation, which require compact, high-performance crane solutions. The rise in intermodal transport and last-mile logistics infrastructure further drives demand for cranes that can operate across multiple settings, from seaports to urban depots. In the post-COVID recovery phase, several governments have prioritized domestic manufacturing and exports, accelerating logistics infrastructure investments. Truck-mounted cranes offer mobility, faster setup, and lower downtime, making them ideal for time-critical operations. OEMs are responding with lighter, energy-efficient models tailored for container handling and pallet movement. With warehousing and logistics services becoming more capital intensive and automated, this segment is on a high-growth trajectory, particularly in North America, APAC, and GCC nations.
Research Associate at Cognitive Market Research
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.
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.
Conclusion
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Disclaimer:
By Type Outlook: | Knuckle Boom Cranes, Lattice Boom Cranes, Telescopic Cranes, Others (Recycling Cranes, etc.) |
By Mode of Operation Outlook: | Electric, Hydraulic, Mechanical |
By Maximum Lifting Capacity Outlook: | Up to 15 Tons, 15 Tons - 30 Tons, 30 Tons - 45 Tons, Above 50 Tons |
By End-use Outlook: | Construction, Logistics & Transportation, Mining, Chemical Plants, Oil Refineries, Others (Line Maintenance, Agriculture, etc.) |
List of Competitors | SANY GROUP, Terex Corporation, Liebherr-International Deutschland GmbH, Konecranes Oyj, CARGOTEC CORPORATION, Elliott Equipment Company, PALFINGER AG, Tadano Ltd., Hyva Group, The Manitowoc Company, Inc., Other Key Players |
This chapter will help you gain GLOBAL Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review Global Truck Mounted Crane Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review North America Truck Mounted Crane Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review Europe Truck Mounted Crane Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review Asia Pacific Truck Mounted Crane Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review South America Truck Mounted Crane Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review Middle East Truck Mounted Crane Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Truck Mounted Crane. Further deep in this chapter, you will be able to review Middle East Truck Mounted Crane Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Truck Mounted Crane. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation By Type Outlook: Analysis 2019 -2031, will provide market size split by By Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by By Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by By Mode of Operation Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by By Maximum Lifting Capacity Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by By End-use Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Truck Mounted Crane market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Knuckle Boom Cranes have a significant impact on Truck Mounted Crane market? |
What are the key factors affecting the Knuckle Boom Cranes and Lattice Boom Cranes of Truck Mounted Crane Market? |
What is the CAGR/Growth Rate of Electric during the forecast period? |
By type, which segment accounted for largest share of the global Truck Mounted Crane Market? |
Which region is expected to dominate the global Truck Mounted Crane Market within the forecast period? |
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Company Level |
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