The global truck mounted crane market revenue progresses from $10,500 Million in 2020 to $14,850 Million in 2025, reaching $28,100 Million by 2035. This steady growth reflects increasing infrastructure projects, higher adoption of advanced crane types, and investments in emerging economies. Expansion across construction and logistics sectors further supports the long-term revenue outlook.
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Construction applications account for the largest share of the truck mounted crane market in 2025, at 41%, propelled by robust infrastructure and urban development worldwide. Utilities, transportation & logistics follow, collectively representing 35% as utility maintenance and warehouse logistics expand. Mining, oil & gas, and other sectors make up the remaining 24%, leveraging cranes for exploration, resource extraction, and industrial support tasks.
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Who are the key players in Global Truck Mounted Crane industry?
Key players include XCMG, SANY Group, Liebherr, Tadano, and Manitowoc. XCMG and SANY, both based in China, focus on robust equipment innovation. Liebherr (Germany) is renowned for engineering excellence. Japan’s Tadano is a leading hydraulic crane provider, while Manitowoc (USA) brings extensive manufacturing and technical expertise.
What is the Global Truck Mounted Crane growth?
The global truck mounted crane market is witnessing steady growth, with a compounded annual growth rate (CAGR) near 5% through 2023. For example, SANY Group reported increased international sales due to rising infrastructure investments, particularly in emerging economies and rapid urbanization in Asia-Pacific.
Which segment accounted for the largest Global Truck Mounted Crane share?
The construction segment accounted for the largest share in the global truck mounted crane market. High demand in building and infrastructure projects, especially from urban real estate and industrial development, is driving adoption. Companies like Liebherr have focused on developing cranes tailored for construction sector needs.
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