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.

What are the factors driving the Global Truck Mounted Crane?

Key drivers include expanding infrastructure projects, urbanization, and technological advancements in crane safety and efficiency. For instance, XCMG has introduced smart control systems that increase lifting precision, catering to the needs of modern construction and energy projects worldwide.

Which type accounted for the largest Global Truck Mounted Crane share?

Hydraulic truck mounted cranes account for the largest market share due to their superior lifting capacity, flexibility, and ease of transport. Leading manufacturers like Tadano focus on hydraulic models for their reliability and operational efficiency in diverse applications including construction and logistics.

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Global Truck Mounted Crane Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: Global Truck Mounted Crane
Brand: Bussiness Insights

Global Truck Mounted Crane Market: by Type (Hydraulic, Electric, Hybrid, Mechanical, Articulating, Telescopic), Application (Construction, Utilities, Transportation & Logistics, Mining, Oil & Gas, Others), Distribution Channels (Direct Sales, Distributors, Online Sales, Rental, OEMs, Aftermarket), Technology (Manual, Semi-automatic, Fully-Automatic, Remote-Controlled, Hybrid, IoT-enabled), Organization Size (Small, Medium, Large) and By Global Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 27-07-2025 | Format: PDF | Report ID:12434

Global Truck Mounted Crane Market: 2025-2035 Forecast & Analysis

The truck mounted crane market continues to thrive due to expanding infrastructure, urbanization, and technological advancements. Driven by increased demand in construction, oil & gas, and logistics sectors, the market is experiencing a shift toward electric and hybrid models. By 2025, the market size is expected to reach approximately $14,850 Million, with a CAGR of 6.5% from 2025 to 2035. The integration of IoT, automation, and eco-friendly solutions is steadily transforming operational efficiency and cost-effectiveness for end users.

Latest Market Dynamics

Key Drivers

Rising investments in infrastructure development and urbanization initiatives globally are boosting demand for truck mounted cranes. For instance, in 2024, SANY expanded its range of advanced hydraulic truck cranes for urban construction projects.

Increased adoption of electric and hybrid-powered truck mounted cranes to meet stringent emission standards, led by Manitowoc introducing hybrid cranes with low emissions in 2024.
Integration of IoT and remote-control technology, as Palfinger deployed IoT-enabled cranes providing real-time monitoring for fleet optimization in 2024.

Expanding rental and aftermarket services capitalize on demand from SMEs and project-based contractors, with Hiab launching digital rental platforms in June 2024.
Development of fully-automatic and semi-automatic crane operations is opening doors for safer and more efficient job sites, demonstrated by Tadano introducing new semi-automatic control features in Q2 2024.

By 2025, hydraulic truck mounted cranes dominate the global market with 38% share, owing to their high lifting capacity and versatility in construction and industrial applications. Electric and hybrid cranes collectively account for 30%, driven by demand for sustainable and low-emission equipment. Mechanical, articulating, and telescopic segments capture the remaining 32%, with telescopic cranes growing rapidly in infrastructure and utility projects.

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.

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.

Asia-Pacific remains the largest regional market in 2025, holding 42% share on the back of rapid industrialization in China, India, and Southeast Asia. North America and Europe together account for 43%, bolstered by strong construction activity and technological advancements. The Middle East, South America, and Africa make up the remaining 15%, with infrastructure and energy investments driving localized growth.

Market leaders such as Liebherr, XCMG, and Tadano collectively capture 49% share in 2025, leveraging broad portfolios and R&D investments. SANY, Palfinger, and Manitowoc make up another 32%, with focused innovation and expanding geographic presence. The remaining 19% is held by specialized or regional players, indicating a moderately consolidated market.

Construction companies are the leading buyers of truck mounted cranes in 2025, constituting 45% of market demand. Logistics and utility firms follow with 37%, integrating cranes for routine operations. Mining, oil & gas, rental companies, and others fill the remaining 18% as they adapt cranes to specialized requirements in resource, industrial, and event infrastructure.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	North America, Europe, APAC, South America, Middle East, Africa
Segments	By Type (Hydraulic, Electric, Hybrid, Mechanical, Articulating, Telescopic); By Application (Construction, Utilities, Transportation & Logistics, Mining, Oil & Gas, Others); By Distribution Channels (Direct Sales, Distributors, Online Sales, Rental, OEMs, Aftermarket); By Technology (Manual, Semi-automatic, Fully-Automatic, Remote-Controlled, Hybrid, IoT-enabled); By Organization Size (Small, Medium, Large)
Players	Liebherr, Tadano, Manitowoc, XCMG, SANY, Fassi, Palfinger, Zoomlion, Cargotec, Konecranes, Hiab, Terex, Effer, PM Group, Elliott Equipment Company

June 2024: Palfinger announced delivery of 300 IoT-enabled cranes to logistics companies in Germany.
July 2024: SANY unveiled its new all-terrain hybrid truck crane at an international construction expo in Singapore.
August 2024: Liebherr completed acquisition of a Belgian hydraulic systems manufacturer to strengthen its European portfolio.
June 2024: Hiab launched a rental marketplace platform, targeting small and medium-sized construction firms.
July 2024: Manitowoc introduced a fully electric truck mounted crane model for North America, citing growing green infrastructure projects.

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Global Truck Mounted Crane Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Global Truck Mounted Crane Market: 2025-2035 Forecast & Analysis

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

Global Truck Mounted Crane Market Share by Type, 2025

Global Truck Mounted Crane Market Share by Application, 2025

Global Truck Mounted Crane Market Revenue (2020-2035)

Global Truck Mounted Crane Market YOY Growth (2020-2035)

Global Truck Mounted Crane Market Share by Region, 2025

Global Truck Mounted Crane Market Players Share, 2025

Global Truck Mounted Crane Market Buyers Share, 2025

Study Coverage

Key Recent Developments

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