Truck Mounted Crane Market is Expected to grow at a robust CAGR of 7.62% through 2030F
The
increasing global truck mounted crane market is driven by increasing adoption
of electrification and hybrid technology, integration of advanced automation
and telematics during the forecast period 2026-2030F.
According
to TechSci Research report, “Truck
Mounted Crane Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F”, The Global Truck Mounted Crane Market
was valued at USD 13.46 Billion in 2024 and is expected to reach USD 21.10
Billion by 2030 with a CAGR of 7.62% during the forecast period. The global
truck-mounted crane market is experiencing a shift toward electrification and
hybrid-powered cranes. Stringent emission regulations and growing environmental
awareness are driving manufacturers to develop more sustainable alternatives to
traditional diesel-powered models. Governments in regions such as Europe and
North America are imposing stricter emission norms, pushing companies to invest
in electric and hybrid cranes. Battery-powered cranes reduce carbon footprints
and operational costs, as they eliminate fuel expenses and require less
maintenance. Hybrid models, which combine electric and diesel engines, are
gaining popularity due to their ability to switch between power sources based
on operational needs. These cranes improve fuel efficiency and reduce overall
emissions while maintaining performance. For instance, leading manufacturers
are introducing electric truck-mounted cranes capable of lifting heavy loads
while operating with minimal noise and emissions. The increasing adoption of renewable
energy sources and advancements in battery technology further support this
transition, making electric and hybrid cranes a growing trend in the industry.
The
incorporation of automation and telematics is transforming the truck-mounted
crane market. Manufacturers are equipping cranes with intelligent control
systems, GPS tracking, and remote monitoring technologies to enhance
operational efficiency and safety. Advanced telematics systems provide
real-time data on crane performance, fuel consumption, and maintenance needs,
allowing operators to optimize usage and prevent unexpected breakdowns.
Automated load control and stability monitoring systems are also becoming
standard features, reducing the risk of accidents caused by human error.
Additionally, remote operation capabilities enable crane operators to control
machinery from a safe distance, increasing workplace safety. For instance, some
cranes now come with AI-powered systems that can analyze lifting conditions and
recommend optimal load distribution for improved performance. As construction
and logistics industries increasingly demand high-efficiency equipment, the
integration of automation and telematics is expected to drive innovation in the
truck-mounted crane market.
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Global Truck Mounted Crane Market"
Based
on type, Telescopic Boom Cranes is the fastest growing segment in the global Truck
Mounted Crane market during the forecast period, due to their versatility, ease
of operation, and efficiency in various industries. These cranes feature a
hydraulically extendable boom, providing enhanced reach and flexibility while
maintaining a compact structure. The rising demand for mobile, high capacity
lifting solutions in sectors such as construction, utilities, and logistics is
driving the adoption of telescopic boom cranes.
One
of the primary factors contributing to the segment's growth is infrastructure
development worldwide. Governments across regions are investing heavily in road,
bridge, and urban infrastructure projects, requiring lifting equipment with high
mobility and quick deployment capabilities. Unlike lattice boom cranes,
telescopic boom cranes offer rapid setup times, making them ideal for
time-sensitive projects.
The
logistics and transportation sectors are also fueling demand for these cranes.
With increasing trade activities and global supply chain expansions, efficient
cargo handling has become essential. Telescopic boom cranes provide precise
lifting and placement capabilities, reducing operational downtime and improving
productivity. Additionally, their ability to navigate confined spaces makes
them preferable in urban environments where maneuverability is a challenge.
Technological
advancements, including remote-controlled operations, enhanced load monitoring
systems, and integration of IoT-based diagnostics, are further enhancing the
adoption of telescopic boom cranes. These innovations improve safety,
efficiency, and operational control, attracting end-users seeking modern,
high-performance lifting solutions.
Based
on region, Asia Pacific is the fastest growing region in the Global Truck
Mounted Crane Market during the forecast period due to rapid urbanization,
increasing infrastructure projects, and strong industrial expansion across key
economies such as China, India, Japan, and Southeast Asian nations. Governments
in these countries are heavily investing in road construction, smart city
projects, high-rise buildings, and transportation networks, driving demand for
efficient material handling and lifting solutions like truck-mounted cranes.
The
construction and infrastructure sectors are the primary growth drivers. In
China, massive infrastructure projects under the Belt and Road Initiative (BRI)
are boosting the demand for cranes, while India’s Smart Cities Mission and
expanding metro rail projects are further accelerating market growth. Southeast
Asian countries, including Indonesia, Vietnam, and the Philippines, are also
witnessing increased investments in urban development and port expansions,
requiring advanced lifting equipment.
The
manufacturing and logistics sectors in Asia Pacific are expanding rapidly,
contributing to the demand for truck-mounted cranes. The region has become a
global hub for automotive, electronics, and heavy industries, requiring
efficient material handling equipment. Countries like Thailand and Malaysia are
strengthening their industrial bases, increasing demand for mobile lifting
solutions. Additionally, the growth of e-commerce and warehousing facilities
has led to higher adoption of cranes for logistics and distribution operations.
Key
market players in the Global Truck Mounted Crane market are:
-
- XCMG
Group
- Liebherr
Group
- Tadano
Ltd.
- Terex
Corporation
- Zoomlion
Heavy Industry Science & Technology Co., Ltd.
- Kobelco
Construction Machinery Co., Ltd.
- Manitowoc
Cranes
- Sany
Group
- Palfinger
AG
- Fassi Gru
S.p.A.
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“The
global truck-mounted crane market presents significant growth opportunities
driven by increasing infrastructure projects, rapid urbanization, and expanding
industrial sectors. Emerging economies in Asia Pacific, Latin America, and
the Middle East are investing heavily in roadways, bridges, and smart
city developments, boosting demand for efficient lifting solutions. The renewable
energy sector, particularly wind and solar power installations, also
requires advanced truck-mounted cranes for equipment handling. Additionally,
the rise of modular construction, logistics, and mining activities
creates further opportunities. Technological advancements, such as automated
control systems and hybrid-powered cranes, offer innovation-driven growth,
while rental and leasing services expand market accessibility.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“Truck Mounted Crane Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Knuckle Boom
Cranes, Telescopic Boom Cranes, Stiff Boom Cranes, Hydraulic Cranes), By
Capacity (Below 10 Tons, 10–20 Tons, 20–50 Tons, above 50 Tons), By End-User
Industry (Construction, Oil & Gas, Mining, Logistics & Transportation,
Utility & Maintenance, Others), By Region & By Competition, 2020-2030F”, has evaluated the future growth
potential of Global Truck Mounted Crane Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Truck Mounted Crane Market.
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