| Product Code: ETC13256470 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Industrial Crane Market was valued at USD 20.5 Billion in 2024 and is expected to reach USD 28.7 Billion by 2031, growing at a compound annual growth rate of 10.14% during the forecast period (2025-2031).
The Global Industrial Crane Market is a dynamic and rapidly evolving sector driven by the increasing demand for lifting and material handling solutions across industries such as construction, manufacturing, and logistics. The market is characterized by a wide variety of crane types including overhead cranes, gantry cranes, jib cranes, and tower cranes, each catering to specific operational requirements. Key trends shaping the market include the adoption of advanced technologies like automation and IoT integration for improved efficiency and safety, as well as the growing emphasis on eco-friendly and energy-efficient crane solutions. Geographically, Asia Pacific is a key region for market growth due to rapid industrialization and infrastructure development. Major players in the global industrial crane market include Konecranes, Cargotec, Liebherr, and Terex Corporation, among others.
The Global Industrial Crane Market is experiencing growth driven by factors such as increasing construction activities, infrastructure development, and the expansion of industries like manufacturing, oil & gas, and mining. Technological advancements, such as the integration of IoT and automation, are also shaping the market. There is a rising demand for versatile and efficient cranes that offer higher lifting capacities, improved safety features, and reduced maintenance requirements. Additionally, the adoption of electric and hybrid cranes due to environmental concerns and regulatory requirements presents opportunities for market players. Emerging markets in Asia-Pacific and Latin America are expected to offer significant growth prospects for industrial crane manufacturers as these regions undergo rapid industrialization and urbanization. Overall, the industrial crane market is poised for expansion with a focus on innovation and meeting the evolving needs of various industries.
The Global Industrial Crane Market faces several challenges, including intense competition among key players leading to pricing pressures, economic uncertainties affecting investments in infrastructure projects, and fluctuating raw material costs impacting profit margins. Additionally, technological advancements and the shift towards automation are driving the demand for more sophisticated crane solutions, requiring manufacturers to continuously innovate and upgrade their product offerings. Moreover, stringent regulations related to safety standards and environmental concerns are increasing compliance costs for crane manufacturers. Geopolitical factors such as trade tensions and tariffs can also impact the supply chain and market dynamics. Navigating these challenges requires companies to focus on cost efficiencies, product differentiation, and market diversification strategies to remain competitive in the global industrial crane market.
The global industrial crane market is primarily being driven by the increasing demand for construction and infrastructure development projects worldwide. The growth in industries such as manufacturing, oil and gas, and mining is also contributing to the rising need for industrial cranes for material handling and lifting purposes. Technological advancements in crane design, such as the integration of automation and smart features, are further propelling the market growth. Additionally, stringent safety regulations and the focus on enhancing operational efficiency in industrial facilities are driving the adoption of advanced crane solutions. The continuous expansion of e-commerce and logistics sectors is also creating a demand for industrial cranes in warehouses and distribution centers, further fueling the market growth.
Government policies related to the Global Industrial Crane Market vary depending on the country and region. Some common policies include regulations on safety standards, environmental protection, and trade tariffs. Many governments also offer incentives or subsidies to encourage the adoption of newer, more efficient crane technologies. Additionally, some countries have specific requirements for crane operators, such as licensing and certification programs. Overall, government policies aim to ensure the safe and sustainable operation of industrial cranes while also promoting innovation and competitiveness in the market. It is important for companies operating in the Global Industrial Crane Market to stay informed about these policies to remain compliant and take advantage of any available benefits.
The Global Industrial Crane Market is projected to experience steady growth in the coming years, driven by increasing investments in infrastructure development, construction activities, and the expansion of industrial facilities globally. Factors such as the rise in demand for material handling equipment in sectors like manufacturing, mining, and logistics, along with technological advancements in crane design and automation, are expected to propel market growth. Additionally, the trend towards smart and connected cranes for improved efficiency and safety is likely to create opportunities for market players. However, challenges such as fluctuating raw material prices, regulatory constraints, and the impact of the COVID-19 pandemic on construction projects may pose some hindrances to market expansion. Overall, the Global Industrial Crane Market is anticipated to witness a positive trajectory in the foreseeable future.
In the global industrial crane market, Asia is expected to exhibit significant growth due to rapid industrialization and infrastructure development in countries like China and India. North America is projected to witness steady growth driven by ongoing investments in the manufacturing and construction sectors. Europe is likely to experience moderate growth as companies continue to adopt advanced crane technologies. The Middle East and Africa region is anticipated to show steady growth supported by construction activities in the oil and gas sector. Latin America is expected to have a slight growth due to increasing investments in infrastructure and mining projects. Overall, the industrial crane market is forecasted to see a healthy growth trajectory across these regions, with varying degrees of expansion based on regional economic conditions and industry developments.
Global Industrial Crane Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Industrial Crane Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Industrial Crane Market Revenues & Volume, 2021 & 2031F |
3.3 Global Industrial Crane Market - Industry Life Cycle |
3.4 Global Industrial Crane Market - Porter's Five Forces |
3.5 Global Industrial Crane Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Industrial Crane Market Revenues & Volume Share, By Configuration, 2021 & 2031F |
3.7 Global Industrial Crane Market Revenues & Volume Share, By Hoist Arrangement, 2021 & 2031F |
3.8 Global Industrial Crane Market Revenues & Volume Share, By Movability, 2021 & 2031F |
3.9 Global Industrial Crane Market Revenues & Volume Share, By End-Use Industries, 2021 & 2031F |
4 Global Industrial Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Industrial Crane Market Trends |
6 Global Industrial Crane Market, 2021 - 2031 |
6.1 Global Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Industrial Crane Market, Revenues & Volume, By Single Girder Cranes, 2021 - 2031 |
6.1.3 Global Industrial Crane Market, Revenues & Volume, By Double Girder Cranes, 2021 - 2031 |
6.1.4 Global Industrial Crane Market, Revenues & Volume, By Gantry Cranes, 2021 - 2031 |
6.1.5 Global Industrial Crane Market, Revenues & Volume, By Jib Cranes, 2021 - 2031 |
6.1.6 Global Industrial Crane Market, Revenues & Volume, By Shipyard Cranes, 2021 - 2031 |
6.1.7 Global Industrial Crane Market, Revenues & Volume, By Stacker Crane, 2021 - 2031 |
6.1.8 Global Industrial Crane Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Industrial Crane Market, Revenues & Volume, By Top Running Type, 2021 - 2031 |
6.2.3 Global Industrial Crane Market, Revenues & Volume, By Under Hung Type, 2021 - 2031 |
6.3 Global Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Industrial Crane Market, Revenues & Volume, By Mobile Cranes, 2021 - 2031 |
6.3.3 Global Industrial Crane Market, Revenues & Volume, By Fixed Cranes, 2021 - 2031 |
6.3.4 Global Industrial Crane Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Industrial Crane Market, Revenues & Volume, By Metal Production Industries, 2021 - 2031 |
6.4.3 Global Industrial Crane Market, Revenues & Volume, By Waste Management Industries, 2021 - 2031 |
6.4.4 Global Industrial Crane Market, Revenues & Volume, By Ports & Ship Terminals Industries, 2021 - 2031 |
6.4.5 Global Industrial Crane Market, Revenues & Volume, By Railway, 2021 - 2031 |
6.4.6 Global Industrial Crane Market, Revenues & Volume, By Manufacturing Industries, 2021 - 2031 |
6.4.7 Global Industrial Crane Market, Revenues & Volume, By Construction & Infrastructure Industries, 2021 - 2031 |
6.4.8 Global Industrial Crane Market, Revenues & Volume, By Petrochemical Industries, 2021 - 2031 |
6.4.9 Global Industrial Crane Market, Revenues & Volume, By Others Industries, 2021 - 2031 |
7 North America Industrial Crane Market, Overview & Analysis |
7.1 North America Industrial Crane Market Revenues & Volume, 2021 - 2031 |
7.2 North America Industrial Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
7.4 North America Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
7.5 North America Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
7.6 North America Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
8 Latin America (LATAM) Industrial Crane Market, Overview & Analysis |
8.1 Latin America (LATAM) Industrial Crane Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Industrial Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
8.4 Latin America (LATAM) Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
8.5 Latin America (LATAM) Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
8.6 Latin America (LATAM) Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
9 Asia Industrial Crane Market, Overview & Analysis |
9.1 Asia Industrial Crane Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Industrial Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
9.4 Asia Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
9.5 Asia Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
9.6 Asia Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
10 Africa Industrial Crane Market, Overview & Analysis |
10.1 Africa Industrial Crane Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Industrial Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
10.4 Africa Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
10.5 Africa Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
10.6 Africa Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
11 Europe Industrial Crane Market, Overview & Analysis |
11.1 Europe Industrial Crane Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Industrial Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
11.4 Europe Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
11.5 Europe Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
11.6 Europe Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
12 Middle East Industrial Crane Market, Overview & Analysis |
12.1 Middle East Industrial Crane Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Industrial Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Industrial Crane Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Industrial Crane Market, Revenues & Volume, By Configuration, 2021 - 2031 |
12.4 Middle East Industrial Crane Market, Revenues & Volume, By Hoist Arrangement, 2021 - 2031 |
12.5 Middle East Industrial Crane Market, Revenues & Volume, By Movability, 2021 - 2031 |
12.6 Middle East Industrial Crane Market, Revenues & Volume, By End-Use Industries, 2021 - 2031 |
13 Global Industrial Crane Market Key Performance Indicators |
14 Global Industrial Crane Market - Export/Import By Countries Assessment |
15 Global Industrial Crane Market - Opportunity Assessment |
15.1 Global Industrial Crane Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Industrial Crane Market Opportunity Assessment, By Configuration, 2021 & 2031F |
15.3 Global Industrial Crane Market Opportunity Assessment, By Hoist Arrangement, 2021 & 2031F |
15.4 Global Industrial Crane Market Opportunity Assessment, By Movability, 2021 & 2031F |
15.5 Global Industrial Crane Market Opportunity Assessment, By End-Use Industries, 2021 & 2031F |
16 Global Industrial Crane Market - Competitive Landscape |
16.1 Global Industrial Crane Market Revenue Share, By Companies, 2024 |
16.2 Global Industrial Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |