Product Code: 28027
The Global Truck Mounted Crane Market was valued at USD 13.46 Billion in 2024 and is expected to reach USD 21.10 Billion by 2030 with a CAGR of 7.62% during the forecast period.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 13.46 Billion |
Market Size 2030 | USD 21.10 Billion |
CAGR 2025-2030 | 7.62% |
Fastest Growing Segment | Telescopic Boom Cranes |
Largest Market | North America |
The global truck-mounted crane market is experiencing significant growth due to increasing infrastructure development, industrial expansion, and rising demand for efficient material handling solutions across various sectors. Truck-mounted cranes are widely used in construction, logistics, utilities, mining, and oil & gas industries, offering high mobility, flexibility, and lifting capabilities. The market is driven by the need for cost-effective and time-efficient lifting solutions, reducing reliance on multiple machines and minimizing operational downtime. The integration of advanced technologies, such as telematics, automation, and IoT-enabled cranes, is further revolutionizing the industry, enhancing safety, efficiency, and remote monitoring capabilities.
Key Market Drivers
Rapid Infrastructure Development and Urbanization
The growing emphasis on infrastructure development across developed and emerging economies is a primary driver for the truck-mounted crane market. Governments worldwide are investing heavily in smart cities, transportation networks, and commercial buildings, increasing demand for mobile and efficient lifting solutions. For example, in China's 14th Five-Year Plan (2021-2025), the country allocated USD4.2 trillion to infrastructure projects, significantly boosting construction activities. Similarly, India plans to spend USD1.4 trillion under the National Infrastructure Pipeline (NIP) by the end of 2025, leading to heightened demand for truck-mounted cranes in road, bridge, and metro rail projects. Additionally, the European Union's euro 750 billion (USD 808.78 billion) COVID-19 recovery fund includes substantial allocations for infrastructure modernization, driving crane deployment across member states.
Key Market Challenges
High Cost of Acquisition and Ownership
One of the biggest challenges in the truck-mounted crane market is the high cost of purchasing and maintaining these machines. Truck-mounted cranes require substantial capital investment, often reaching hundreds of thousands of dollars, depending on the lifting capacity, boom length, and technological features. Beyond the initial cost, businesses must bear recurring expenses such as insurance, fuel, and maintenance. Regular servicing, replacement of hydraulic components, and compliance with evolving safety regulations add to the financial burden. Many small and medium-sized enterprises find it difficult to invest in these cranes, leading them to rely on rental or leasing options, which may not always align with project needs.
Key Market Trends
Growing Demand from the Infrastructure and Construction Sector
The rising number of large-scale infrastructure projects worldwide is fueling the demand for truck-mounted cranes. Governments are investing heavily in transportation networks, urban development, and renewable energy projects, driving the need for heavy lifting equipment. In countries like China, India, and the United States, massive investments in roads, bridges, and high-rise buildings have led to increased adoption of truck-mounted cranes due to their versatility and mobility. The construction sector prefers these cranes for their ability to handle diverse lifting tasks with minimal setup time. Additionally, the expansion of smart cities and mega projects such as airports, railways, and industrial complexes further contributes to market growth. For example, in 2023, the U.S. government announced significant funding for infrastructure development, increasing demand for advanced lifting solutions. The construction industry's reliance on efficient material handling and lifting equipment continues to boost the adoption of truck-mounted cranes, positioning them as essential assets in infrastructure development.
Key Market Players
- XCMG Group
- Liebherr Group
- Tadano Ltd.
- Terex Corporation
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Kobelco Construction Machinery Co., Ltd.
- Manitowoc Cranes
- Sany Group
- Palfinger AG
- Fassi Gru S.p.A.
Report Scope:
In this report, the Global Truck Mounted Crane Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Truck Mounted Crane Market, By Type:
- Knuckle Boom Cranes
- Telescopic Boom Cranes
- Stiff Boom Cranes
- Hydraulic Cranes
Truck Mounted Crane Market, By Capacity:
- Below 10 Tons
- 10-20 Tons
- 20-50 Tons
- above 50 Tons
Truck Mounted Crane Market, By End-User Industry:
- Construction
- Oil & Gas
- Mining
- Logistics & Transportation
- Utility & Maintenance
- Others
Truck Mounted Crane Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- South America
- Brazil
- Argentina
- Colombia
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Truck Mounted Crane Market.
Available Customizations:
Global Truck Mounted Crane Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Truck Mounted Crane Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Knuckle Boom Cranes, Telescopic Boom Cranes, Stiff Boom Cranes, Hydraulic Cranes)
- 5.2.2. By Capacity (Below 10 Tons, 10-20 Tons, 20-50 Tons, above 50 Tons)
- 5.2.3. By End-User Industry (Construction, Oil & Gas, Mining, Logistics & Transportation, Utility & Maintenance, Others)
- 5.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
- 5.3. By Company (2024)
- 5.4. Market Map
6. North America Truck Mounted Crane Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Capacity
- 6.2.3. By End-User Industry
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Truck Mounted Crane Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Capacity
- 6.3.1.2.3. By End-User Industry
- 6.3.2. Canada Truck Mounted Crane Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Capacity
- 6.3.2.2.3. By End-User Industry
- 6.3.3. Mexico Truck Mounted Crane Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Capacity
- 6.3.3.2.3. By End-User Industry
7. Europe Truck Mounted Crane Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Capacity
- 7.2.3. By End-User Industry
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Truck Mounted Crane Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Capacity
- 7.3.1.2.3. By End-User Industry
- 7.3.2. France Truck Mounted Crane Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Capacity
- 7.3.2.2.3. By End-User Industry
- 7.3.3. United Kingdom Truck Mounted Crane Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Capacity
- 7.3.3.2.3. By End-User Industry
- 7.3.4. Italy Truck Mounted Crane Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Capacity
- 7.3.4.2.3. By End-User Industry
- 7.3.5. Spain Truck Mounted Crane Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Capacity
- 7.3.5.2.3. By End-User Industry
8. Asia Pacific Truck Mounted Crane Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Capacity
- 8.2.3. By End-User Industry
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Truck Mounted Crane Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Capacity
- 8.3.1.2.3. By End-User Industry
- 8.3.2. India Truck Mounted Crane Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Capacity
- 8.3.2.2.3. By End-User Industry
- 8.3.3. Japan Truck Mounted Crane Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Capacity
- 8.3.3.2.3. By End-User Industry
- 8.3.4. South Korea Truck Mounted Crane Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Capacity
- 8.3.4.2.3. By End-User Industry
- 8.3.5. Australia Truck Mounted Crane Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Capacity
- 8.3.5.2.3. By End-User Industry
9. Middle East & Africa Truck Mounted Crane Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Capacity
- 9.2.3. By End-User Industry
- 9.2.4. By Country
- 9.2.5. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Truck Mounted Crane Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Capacity
- 9.3.1.2.3. By End-User Industry
- 9.3.2. UAE Truck Mounted Crane Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Capacity
- 9.3.2.2.3. By End-User Industry
- 9.3.3. South Africa Truck Mounted Crane Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Capacity
- 9.3.3.2.3. By End-User Industry
10. South America Truck Mounted Crane Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Capacity
- 10.2.3. By End-User Industry
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Truck Mounted Crane Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Capacity
- 10.3.1.2.3. By End-User Industry
- 10.3.2. Colombia Truck Mounted Crane Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Capacity
- 10.3.2.2.3. By End-User Industry
- 10.3.3. Argentina Truck Mounted Crane Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Capacity
- 10.3.3.2.3. By End-User Industry
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends and Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Company Profiles
- 13.1. XCMG Group
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel
- 13.1.5. Key Product/Services Offered
- 13.2. Liebherr Group
- 13.3. Tadano Ltd.
- 13.4. Terex Corporation
- 13.5. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 13.6. Kobelco Construction Machinery Co., Ltd.
- 13.7. Manitowoc Cranes
- 13.8. Sany Group
- 13.9. Palfinger AG
- 13.10. Fassi Gru S.p.A.
14. Strategic Recommendations
15. About Us & Disclaimer