Product Code: ETC13155452 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Mobile and Tower Cranes Market was valued at USD 12 Billion in 2024 and is expected to reach USD 16 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).
The Global Mobile and Tower Cranes Market is witnessing steady growth due to increasing construction activities worldwide. Mobile cranes are versatile and widely used in various industries such as construction, oil and gas, and mining, while tower cranes are essential for tall building construction. The market is driven by urbanization, infrastructure development, and the need for efficient material handling equipment. North America and Europe are key markets, with Asia Pacific showing significant growth potential due to rapid urbanization and industrialization. Technological advancements such as telematics and automation are enhancing crane efficiency and safety. Key players in the market include Liebherr Group, Terex Corporation, and Zoomlion Heavy Industry Science & Technology Co. Ltd. Overall, the Global Mobile and Tower Cranes Market is poised for continued growth driven by infrastructure investment and construction activities globally.
The global mobile and tower cranes market is experiencing significant growth due to increasing construction activities worldwide. The adoption of advanced technologies such as IoT, automation, and telematics in crane operations is driving market expansion. There is a rising demand for mobile and tower cranes with higher lifting capacities and improved safety features. Key opportunities in the market include the growing infrastructure development in emerging economies, particularly in Asia-Pacific and the Middle East. Additionally, the trend towards sustainable and energy-efficient cranes is gaining traction, leading to the development of eco-friendly crane models. Manufacturers are focusing on product innovation and customization to cater to the diverse requirements of end-users, further fueling market growth.
The Global Mobile and Tower Cranes Market faces challenges such as intense competition among key players leading to pricing pressures, fluctuations in raw material prices impacting manufacturing costs, and stringent regulations related to safety standards and environmental concerns. Additionally, the market is susceptible to economic uncertainties and geopolitical tensions, which can affect investment decisions and project timelines, thereby impacting the demand for mobile and tower cranes. Technological advancements and the need for customization to meet specific project requirements further add complexity to the market landscape. Overall, navigating these challenges requires industry players to focus on innovation, cost management, regulatory compliance, and strategic partnerships to maintain a competitive edge in the Global Mobile and Tower Cranes Market.
The Global Mobile and Tower Cranes Market is driven by several key factors including the increasing demand for construction activities worldwide, particularly in emerging economies, the rapid urbanization and infrastructure development projects in various regions, and the growing trend towards modular and prefabricated construction methods that require the use of cranes. Additionally, technological advancements in crane design and functionality, such as the integration of IoT and automation capabilities, are also fueling market growth. Moreover, the focus on safety regulations and the need for efficient and cost-effective lifting solutions are driving the adoption of mobile and tower cranes in the construction industry. Overall, these factors are expected to continue driving the growth of the Global Mobile and Tower Cranes Market in the foreseeable future.
Government policies related to the Global Mobile and Tower Cranes Market vary by country but generally involve regulations related to safety standards, environmental impact, and licensing requirements. For example, many countries have established strict safety guidelines to ensure the proper operation of cranes and protect workers from accidents. Additionally, some governments have implemented emission control regulations to reduce the environmental impact of crane operations. Licensing and certification requirements are also common to ensure that operators are properly trained and qualified to operate mobile and tower cranes. Overall, government policies play a crucial role in shaping the regulatory landscape of the Global Mobile and Tower Cranes Market, influencing market dynamics and industry practices.
The Global Mobile and Tower Cranes Market is projected to experience steady growth in the coming years, driven by increasing construction activities worldwide, particularly in emerging markets. The demand for mobile and tower cranes is expected to rise due to urbanization, infrastructure development, and the expansion of industrial sectors. Technological advancements such as automation, telematics, and IoT integration are also anticipated to enhance the efficiency and safety of crane operations, further boosting market growth. Additionally, the focus on sustainable practices and environmentally friendly equipment is likely to drive the adoption of eco-friendly crane models. However, challenges such as fluctuating raw material prices and regulatory hurdles may impact the market dynamics. Overall, the Global Mobile and Tower Cranes Market is poised for expansion, supported by robust construction and infrastructure development activities globally.
In the global mobile and tower cranes market, Asia Pacific region is expected to dominate due to rapid urbanization and infrastructure development in countries like China and India. North America is also a key market driven by ongoing construction activities in the United States. In Europe, the market is characterized by stringent regulations promoting the adoption of technologically advanced cranes. The Middle East and Africa region is witnessing growth due to investments in construction projects fueled by economic diversification efforts. Latin America is experiencing steady growth attributed to increasing investment in residential and commercial construction projects. Overall, the global mobile and tower cranes market is poised for significant growth across all regions driven by infrastructure development and urbanization trends.
Global Mobile and Tower Cranes 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 Mobile and Tower Cranes Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Mobile and Tower Cranes Market Revenues & Volume, 2021 & 2031F |
3.3 Global Mobile and Tower Cranes Market - Industry Life Cycle |
3.4 Global Mobile and Tower Cranes Market - Porter's Five Forces |
3.5 Global Mobile and Tower Cranes Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Mobile and Tower Cranes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Mobile and Tower Cranes Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Mobile and Tower Cranes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Mobile and Tower Cranes Market Trends |
6 Global Mobile and Tower Cranes Market, 2021 - 2031 |
6.1 Global Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Mobile and Tower Cranes Market, Revenues & Volume, By Mobile Cranes, 2021 - 2031 |
6.1.3 Global Mobile and Tower Cranes Market, Revenues & Volume, By All Terrain, 2021 - 2031 |
6.1.4 Global Mobile and Tower Cranes Market, Revenues & Volume, By Rough Terrain, 2021 - 2031 |
6.1.5 Global Mobile and Tower Cranes Market, Revenues & Volume, By Truck Crane, 2021 - 2031 |
6.1.6 Global Mobile and Tower Cranes Market, Revenues & Volume, By Crawler Cran, 2021 - 2031 |
6.1.7 Global Mobile and Tower Cranes Market, Revenues & Volume, By Telescopic Truck Mounted Crane, 2021 - 2031 |
6.1.8 Global Mobile and Tower Cranes Market, Revenues & Volume, By Tower Cranes, 2021 - 2031 |
6.1.9 Global Mobile and Tower Cranes Market, Revenues & Volume, By Self-erecting Crane, 2021 - 2031 |
6.2 Global Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Mobile and Tower Cranes Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.2.3 Global Mobile and Tower Cranes Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.2.4 Global Mobile and Tower Cranes Market, Revenues & Volume, By Shipping & Port, 2021 - 2031 |
6.2.5 Global Mobile and Tower Cranes Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Mobile and Tower Cranes Market, Overview & Analysis |
7.1 North America Mobile and Tower Cranes Market Revenues & Volume, 2021 - 2031 |
7.2 North America Mobile and Tower Cranes Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Mobile and Tower Cranes Market, Overview & Analysis |
8.1 Latin America (LATAM) Mobile and Tower Cranes Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Mobile and Tower Cranes Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Mobile and Tower Cranes Market, Overview & Analysis |
9.1 Asia Mobile and Tower Cranes Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Mobile and Tower Cranes Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Mobile and Tower Cranes Market, Overview & Analysis |
10.1 Africa Mobile and Tower Cranes Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Mobile and Tower Cranes Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Mobile and Tower Cranes Market, Overview & Analysis |
11.1 Europe Mobile and Tower Cranes Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Mobile and Tower Cranes Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Mobile and Tower Cranes Market, Overview & Analysis |
12.1 Middle East Mobile and Tower Cranes Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Mobile and Tower Cranes Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Mobile and Tower Cranes Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Mobile and Tower Cranes Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Mobile and Tower Cranes Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Mobile and Tower Cranes Market Key Performance Indicators |
14 Global Mobile and Tower Cranes Market - Export/Import By Countries Assessment |
15 Global Mobile and Tower Cranes Market - Opportunity Assessment |
15.1 Global Mobile and Tower Cranes Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Mobile and Tower Cranes Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Mobile and Tower Cranes Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Mobile and Tower Cranes Market - Competitive Landscape |
16.1 Global Mobile and Tower Cranes Market Revenue Share, By Companies, 2024 |
16.2 Global Mobile and Tower Cranes Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |