Crane Market Size, Share & Trends 2025-30

 Introduction 

The crane market, valued at USD 34.41 billion in 2025, is projected to grow to USD 42.47 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.30%. 

Key Trends Driving the Crane Market 

Several trends are shaping the outlook of the crane market analysis globally: 

  1. Infrastructure Investments: Governments worldwide are prioritizing large-scale infrastructure development such as highways, metro systems, and ports. This creates robust demand for mobile and fixed cranes. 

  1. Technological Enhancements: Integration of telematics, remote monitoring, and automation is improving crane efficiency, safety, and productivity. 

  1. Rising Renewable Energy Projects: The expansion of wind and solar energy projects requires heavy-duty cranes for installation and maintenance, contributing to market growth. 

  1. Focus on Safety and Regulations: With stricter regulations in construction and industrial sites, manufacturers are innovating cranes with advanced safety features and compliance standards. 

  1. Rental Market Growth: Instead of outright purchases, many companies are opting for crane rentals to reduce capital expenditure, boosting the crane rental segment globally. 

 

Market Segmentation Overview 

The crane industry analysis shows that the market can be segmented across multiple categories: 

  • By Machine Type: Mobile cranes, fixed cranes, marine and port cranes, among others. 

  • By Application: Construction, mining, industrial, marine and offshore, and other applications. 

  • By Geography: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. 

Among these, the Asia-Pacific region leads the demand, supported by rapid urbanization, megacity development, and large-scale industrialization, particularly in China and India. North America and Europe also remain strong markets, driven by infrastructure modernization and energy projects. 

 Key Players in the Crane Industry 

The crane industry report highlights several major companies shaping the market through technological innovation, strategic partnerships, and product expansion: 

  • Liebherr Group – A global leader offering a wide portfolio of cranes with strong R&D capabilities. 

  • Terex Corporation – Known for mobile and tower cranes with emphasis on reliability and productivity. 

  • Konecranes – Specializes in industrial cranes and lifting equipment with advanced automation solutions. 

  • XCMG Group – A leading Chinese manufacturer with a growing international footprint. 

  • Zoomlion Heavy Industry Science & Technology – Expanding global presence with heavy lifting solutions. 

  • Manitowoc Company, Inc. – Strong player in mobile and tower cranes catering to global infrastructure projects. 

These players are focused on improving efficiency, safety, and sustainability to meet evolving industry needs. 

 

Outlook for the Crane Market 

The global crane market size is expected to expand steadily over the coming years, supported by construction growth, urbanization, renewable energy development, and industrial expansion. Demand for technologically advanced and safer lifting equipment is also pushing manufacturers to innovate and diversify their offerings. 

Looking ahead, the crane market growth will be closely tied to infrastructure spending, mining output, and clean energy projects. As rental services expand and smart technologies become standard in cranes, the market will continue to evolve in both developed and emerging economies. 

 

Conclusion 

The crane industry remains a cornerstone of global development, enabling ambitious infrastructure and industrial projects. With sustained demand across diverse sectors and advancements in technology, the crane market is set to witness steady growth in the coming years. Companies that focus on innovation, safety, and cost-effective solutions will play a crucial role in shaping its future trajectory. 

 

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/crane-market?utm_source=blogger 

 About Mordor Intelligence:  

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. 

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. 

For any inquiries or to access the full report, please contact: 

media@mordorintelligence.com  
https://www.mordorintelligence.com/ 

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