Mobile Crane Market Size, Share, Industry Trends and Forecast to 2033
This report provides an extensive analysis of the Mobile Crane market spanning from 2023 to 2033, encompassing insights on market size, growth trends, regional performances, and key players, offering a comprehensive view of future opportunities and challenges.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $15.30 Billion |
| CAGR (2023-2033) | 5.8% |
| 2033 Market Size | $27.25 Billion |
| Top Companies | Liebherr Group, Terex Corporation, Hitachi Sumitomo Heavy Industries Construction Cranes Co., Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., XCMG Group |
| Last Modified Date | 15 Nov 2024 |
Mobile Crane Market Report (2023 - 2033)
Mobile Crane Market Overview
What is the Market Size & CAGR of Mobile Crane market in 2023 and 2033?
Mobile Crane Industry Analysis
Mobile Crane Market Segmentation and Scope
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Mobile Crane Market Analysis Report by Region
Europe Mobile Crane Market Report:
In Europe, the market size is expected to rise from 4.40 billion USD in 2023 to 7.84 billion USD by 2033, with countries like Germany and the UK spearheading infrastructural advancement and renewable energy projects, thereby increasing the demand for efficient lifting equipment.Asia Pacific Mobile Crane Market Report:
The Asia Pacific region is expected to witness rapid growth in the mobile crane market, increasing from 3.03 billion USD in 2023 to approximately 5.40 billion USD by 2033, driven by booming infrastructure projects and urbanization trends, particularly in countries like China and India.North America Mobile Crane Market Report:
North America is anticipated to grow from 5.57 billion USD in 2023 to 9.91 billion USD by 2033. The U.S. is at the forefront of this growth, with ongoing residential and non-residential construction projects driving a consistent demand for mobile cranes.South America Mobile Crane Market Report:
In South America, the market is projected to grow from 1.20 billion USD in 2023 to 2.14 billion USD in 2033. Brazil and Argentina are notable contributors, with substantial investments in transport and building infrastructure poised to fuel demand for mobile cranes.Middle East & Africa Mobile Crane Market Report:
The Middle East and Africa market is projected to increase from 1.10 billion USD in 2023 to 1.95 billion USD by 2033, with significant contributions from the UAE and Saudi Arabia, driven by mega construction projects and investments in oil and gas.Request a custom research report for industry.
Mobile Crane Market Analysis By Type
Global Mobile Crane Market, By Type Market Analysis (2023 - 2033)
Truck-mounted cranes dominate the mobile crane segment, with an estimated market size of 8.46 billion USD in 2023, reaching 15.07 billion USD by 2033, maintaining a share of 55.3%. Crawler cranes follow with 3.37 billion USD and are expected to grow to 6.00 billion USD. All-terrain cranes and tower cranes are also significant players, showcasing diverse capabilities for varied lifting tasks.
Mobile Crane Market Analysis By Application
Global Mobile Crane Market, By Application Market Analysis (2023 - 2033)
Construction remains the largest application segment, accounting for approximately 7.25 billion USD in 2023, forecasted to rise to 12.91 billion USD by 2033, driven by ongoing global infrastructure projects. Logistics companies are also a critical segment, projected to grow from 3.23 billion USD to 5.76 billion USD, highlighting the equipment's role in efficient supply chain operations.
Mobile Crane Market Analysis By Lifting Capacity
Global Mobile Crane Market, By Lifting Capacity Market Analysis (2023 - 2033)
Mobile cranes are categorized largely between below 50 tons and above 200 tons, with the below 50 tons segment leading the market at 8.46 billion USD in 2023, expected to grow to 15.07 billion USD. Cranes in the 50-100 tons category and above 200 tons also play significant roles, reflecting diverse usage scenarios in various industries.
Mobile Crane Market Analysis By Technology
Global Mobile Crane Market, By Technology Market Analysis (2023 - 2033)
Technological advancements are transforming the crane market, with hydraulic and mechanical cranes represented significantly, comprising 61.88% and 21.31% of the market share respectively. Companies are increasingly adopting smart technologies, enhancing operational efficiency and safety.
Mobile Crane Market Analysis By End User
Global Mobile Crane Market, By End-User Industry Market Analysis (2023 - 2033)
The construction sector remains the dominant end-user, responsible for approximately 47.39% of the market share in 2023. However, logistics, manufacturing, and mining also contribute significantly, reflecting the mobile crane's versatility across various sectors.
Mobile Crane Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Mobile Crane Industry
Liebherr Group:
A leading manufacturer of construction machinery, Liebherr Group excels in producing innovative mobile cranes known for their exceptional quality and advanced technology.Terex Corporation:
Terex Corporation is a prominent player in the mobile crane market, offering a wide range of products with a focus on efficiency and performance across construction and mining sectors.Hitachi Sumitomo Heavy Industries Construction Cranes Co., Ltd.:
Hitachi is recognized for its contributions to the mobile crane industry through advanced design and manufacturing processes that enhance operational capabilities.Zoomlion Heavy Industry Science & Technology Co., Ltd.:
A major global player from China, Zoomlion leads in mobile crane innovations, integrating smart technology for enhanced performance.XCMG Group:
XCMG Group is one of the largest construction machinery manufacturers in China, providing a diverse range of mobile cranes tailored to various lifting needs.We're grateful to work with incredible clients.
