Global Crane Market (2025-2031) | Analysis, Strategic Insights, Pricing Analysis, Companies, Size, Share, Competition, Competitive, Demand, Growth, Drivers, Outlook, Revenue, Consumer Insights, Investment Trends, Opportunities, Segments, Restraints, Trends, Industry, Value, Supply, Segmentation, Challenges, Forecast, Strategy

Global Crane Market Size & Growth Rate

According to 6W research internal database and industry insights, the Global Crane Market is projected to grow at a CAGR of 6.2% from 2025-2031. The Global Crane Market was valued at USD 42.5 billion in 2024 and is expected to reach USD 64.8 billion by 2031.

Global Crane Market Highlights

Topics Covered in the Global Crane Market Report

The Global Crane Market report thoroughly covers the market by Regions and Countries by Types, and by Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Crane Market Synopsis

The Global Crane Market is picking up speed as cities expand and infrastructure investments ramp up. Cranes play a important role in handling heavy loads across industries like construction, logistics, and energy. Mobile cranes are especially in demand for their flexibility and ability to adapt to different job sites. Asia and the Middle East are leading the charge with large-scale development projects. As it is, advancements like electric cranes, automation, and digital controls are making operations smarter, safer, and more environmentally friendly.

Global Crane Market is expected to grow at a significant CAGR of 6.2% during the forecast period 2025-2031. The Global Crane Market is undergoing considerable growth due to increasing demand for infrastructures and urbanization in emerging economies. Infrastructure projects such as highways, rail, ports, and smart cities need reliable equipment for lifting and hoisting. Global Crane Market Growth is being driven by the evolution of these solutions from basic lifting tools to enablers of advanced infrastructure. Cranes have steadily incorporated next-generation innovations such as electric-powered systems, automation, and remote diagnostics. As a result, cranes are becoming more sophisticated and efficient, significantly improving safety and productivity in lifting operations.

Global Crane Market Challenges

The Global Crane Market is navigating a tough terrain marked by high upfront costs, complex maintenance needs, and a shortage of skilled operators. Volatile raw material prices especially for steel and electronics along with supply chain hiccups, continue to strain production and delivery. Tighter environmental regulations on emissions and noise are forcing us to upgrade older models and opt for greener options. On top of this, local competition is further impacting margins. To stay competitive, companies must balance innovation with cost-efficiency while meeting evolving regulatory and operational demands. 

Global Crane Market Trends

 The Global Crane Industry is tremendously shifting towards automation, telematics, and digital monitoring for safety, efficiency, and predictive maintenance. Electric and hybrid cranes are accelerating quickly with lower emissions thresholds. As the, demand from smart cities, renewables (particularly wind farms), and high rise construction is driving demand for various specialty cranes. Rental continues to gain traction as end users want flexibility and a way to reduce costs. The manufacturers also want their share of the AI and IoT pie in providing smarter lifting solutions with live data and improved remote operability.

Investment Opportunities in the Global Crane Market

Significant opportunities lie in electric and hybrid crane development, especially for urban infrastructure and renewable energy projects. Investors can benefit from expanding rental fleets and digitized maintenance platforms, which are growing in popularity among contractors. As governments ramp up infrastructure development in Asia, Africa, and the Middle East, the demand for cranes is climbing fast. Investors can benefit by partnering with major contractors and developers driving this growth. There’s also strong upside in backing innovations like smart automation, predictive maintenance, and green crane models that meet future industry standards.

Leading Players of the Global Crane Market

Leading names like Liebherr, Konecranes, Manitowoc, Tadano, Zoomlion, XCMG, Terex, and Sany continue to drive the crane industry forward. With strong engineering expertise and ongoing investment in R&D, they provide a wide range of solutions tailored to markets around the world. As the industry continues to evolve, these companies are focusing on building smarter, more eco-friendly, and adaptable cranes that meet the growing demands of modern construction and sustainability goals.

Government Regulations Introduced in the Global Crane Market

Governments around the world are tightening regulations to ensure crane safety, reduce environmental impact, and improve operator accountability. In places like the EU and North America, stricter emission standards are pushing for the use of electric or low-emission cranes in urban areas. Safety regulations like OSHA in the U.S. and CE standards in Europe set clear rules for crane design, lifting capacity, and operator certification. Real-time monitoring systems and maintenance records are required in several regions. For manufacturers and rental providers, compliance is key to accessing public and private contracts.

Future Insights of the Global Crane Market

The Global Crane Market is expected to continue to grow due to increased infrastructure projects, rapid urbanization, and the transition to clean energy. Next-generation cranes are becoming smarter, greener, and more digitally connected. Advanced cranes with real-time monitoring, automation, or upgrades for energy efficiency are entering numerous operational scenarios that will demand both flexibility and adaptability. Demand is rising in emerging markets with the radical construction combined with the growth of infrastructure, but a market shift in developed regions to upgrade their fleets with electric and hybrid models. 

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Asia to dominate the market- By Regions and Countries

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Asia dominates the global crane market due to rapid industrialization, expanding construction activities, and infrastructure development across countries like China, India, and Southeast Asia. Major investments in transportation, urban development, and energy projects further drive crane demand in this region, making it the most dynamic and fastest-growing market.

Mobile Cranes to dominate the market- By Types

Mobile Cranes hold the largest market share owing to their versatility, ease of transport, and wide application across construction, logistics, and industrial settings. Their ability to operate in confined or remote areas gives them a significant advantage over fixed or marine cranes in both urban and off-road environments.

Construction to dominate the market -By Applications

Construction is the leading application segment for cranes globally. The rise in commercial, residential, and infrastructure projects—particularly in emerging economies—has created a consistent demand for cranes. From high-rise buildings to roads and bridges, the construction sector relies heavily on crane technologies for material handling and lifting operations.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Global Crane Market Outlook
• Market Size of Global Crane Market, 2024
• Forecast of Global Crane Market, 2031
• Historical Data and Forecast of Global Crane Revenues & Volume for the Period 2021 - 2031
• Global Crane Market Trend Evolution
• Global Crane Market Drivers and Challenges
• Global Crane Price Trends
• Global Crane Porter's Five Forces
• Global Crane Industry Life Cycle
• Historical Data and Forecast of Global Crane Market Revenues & Volume
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of Global Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of North America Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of United States of America Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Canada Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Rest of North America Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of Latin America (LATAM) Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of Brazil Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Mexico Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Argentina Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Rest of LATAM Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of Asia Pacific Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of China Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of India Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Japan Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Asia Pacific Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of Africa Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of South Africa Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Nigeria Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Egypt Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Africa Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of Europe Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of France Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Germany Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Mobile Crane for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Fixed Crane for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Marine and Offshore Crane for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Industrial Applications for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Marine and offshore for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Mining and Excavation for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Construction for the Period 2021 - 2031
• Historical Data and Forecast of Middle East Crane Market Revenues & Volume By Other Applicants for the Period 2021 - 2031
• Historical Data and Forecast of Saudi Arabia Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of UAE Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Crane Market Revenues & Volume for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Middle East Crane Market Revenues & Volume for the Period 2021 - 2031
• Global Crane Market - Key Performance Indicators
• Global Crane Market - Import Export Trade Statistics
• Global Crane Market - Opportunity Assessment By Countries
• Global Crane Market - Opportunity Assessment By Types
• Global Crane Market - Opportunity Assessment By Applications
• Global Crane Market - Top Companies Market Share
• Global Crane Market - Top Companies Profiles
• Global Crane Market - Comparison of Players in Technical and Operating Parameters
• Global Crane Market - Strategic Recommendations

Markets Covered

The market report provides a detailed analysis of the following market segments:

By Regions and Countries

• North America
• Europe
• LATAM
• Middle East
• Asia Pacific
• Africa

By Types

• Mobile Crane
• Fixed Crane
• Marine and Offshore Crane

By Applications

• Industrial Applications
• Marine and Offshore
• Mining and Excavation
• Construction
• Other Applicants