As per Inkwood Research, the
Global Mobile Crane Market is expected to grow at a CAGR of 6.29% in terms of
revenue over the forecasting period of 2024-2032.
“Browse 49 Market Data Tables
and 48 Figures spread over 170 Pages, along with an in-depth TOC on the Global
Mobile Crane Market Forecast 2024-2032.”
A mobile crane is a versatile,
heavy-duty lifting machine mounted on a mobile platform, allowing it to move
easily between job sites. It is commonly used in construction, infrastructure
development, and industrial applications for lifting and transporting heavy
loads efficiently.
Rising Demand from Rental
Companies to Fuel Mobile Crane Market Growth
The rising demand from rental
companies is expected to drive eminent growth in the mobile crane market.
Rental companies offer cost-effective solutions to contractors and businesses
that require cranes for short-term projects, making it easier for them to
access advanced equipment without large capital investments. As infrastructure
development, construction projects, and industrial activities increase
globally, the demand for mobile cranes through rental services is expected to
surge. Additionally, rental companies are expanding their fleets with
technologically advanced and fuel-efficient models, further boosting market
growth. This trend offers flexibility and scalability to industries, ensuring
steady expansion of the mobile crane market.
Crawler Mounted: Prominent
Carrier Type over the Forecast Period
In 2023, the crawler mounted
crane sub-segment captured the second-highest revenue share, driven by
increased demand in construction, mining, and renewable energy sectors. These
heavy-duty cranes, operating on crawler tracks, offer superior stability and
mobility on uneven terrain, making them essential for projects like wind
energy. Models such as the Terex CC 2800-1 NT have played key roles in erecting
wind turbines, particularly in Hawaii, contributing to clean energy growth.
Additionally, crawler cranes are favored in mining due to their traction and
stability on challenging terrains, with rising global mining activities further
boosting demand for these versatile machines.
Asia-Pacific is Expected to be
the Leading Region in the Mobile Crane Market
The Asia-Pacific, led by
China, India, and Southeast Asia, is experiencing rapid growth in infrastructure
and renewable energy projects, boosting demand for mobile cranes. China stands
as the largest market, supported by manufacturers like XCMG and major projects
such as high-speed railways and renewable energy initiatives. Japan also holds
a significant market share, driven by its Green Growth Strategy. It targets
carbon neutrality with investments in offshore wind and hydrogen power, fueling
the need for mobile cranes in construction and maintenance.
The global mobile crane market
is highly competitive, with leading manufacturers vying for market share
through advanced technologies and diverse product offerings. Intense rivalry is
driven by growing demand across construction, mining, and renewable energy
sectors worldwide. Some of the leading companies operating in the market
include Cargotec OYJ, Manitowoc Company Inc, Tadano Ltd, etc.
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About Inkwood Research
Inkwood Research specializes
in syndicated & customized research reports and consulting services. Market
intelligence studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, the Middle East, Europe, Asia, and Africa.
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