Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Type (Mounted Crane, Sidelift Crane, Boom Truck Crane), By Applications (Construction, Industries, Utilities) And Competitive Landscape
Product Code: ETC13211627 | Publication Date: Apr 2025 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
The Global Truck Crane Market was valued at USD 13.56 billion in 2024 and is expected to reach USD 14.92 billion by 2031, growing at a CAGR of 5.8%.
Report Name | Global Truck Crane Market |
Forecast Period | 2025-2031 |
Market Size | USD 14.92 billion by 2031 |
CAGR | 5.8% |
Growing Sector | Construction &Heavy Machinery Sector |
Global Truck Crane Market report thoroughly covers the market by Regions and Countries,by Type,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.
Growth in the Global Truck Crane Marketis being propelled by expanding infrastructure needs and rising demand for versatile lifting machines in sectors like construction, energy, and logistics. Significant investment in urban development, particularly in Asia-Pacific and the Middle East, is pushing the market forward. To enhance performance and lower emissions, manufacturers are increasingly integrating technologies like automation and hybrid power systems. With sustainability taking center stage, they are utilizing cutting-edge engineering to align with shifting market expectations while upholding efficiency, adaptability, and environmental standards.
According to 6Wresearch, the Global Truck Crane Marketis projected to grow at a CAGR of 5.8% from 2025-2031. The Global Truck Crane Market is expanding due to growing urbanization, infrastructure upgrades, and the integration of cutting-edge construction technologies. Investment surges in developing regions like Asia-Pacific and the Middle East are driving significant demand for truck cranes in major building projects. Moreover, trends such as automation and hybrid power integration are enhancing machine efficiency while cutting operating expenses and emissions. Global Truck Crane Market Growth is further fueled by this technological evolution, coupled with a broader push for sustainability, leading manufacturers to develop more environmentally conscious and energy-efficient crane systems to meet the demands of modern industrial applications.
The Global Truck Crane Market sector also grapples with hurdles that may slow progress. High capital costs and unpredictable material pricing create entry barriers, especially for smaller firms. Strict safety and regulatory standards complicate operations and increase compliance costs. The widening skills gap is a growing concern, threatening to slow down progress in a rapidly advancing market. Proactive strategies including innovation, training investment, and partnerships are essential to support long-term industry resilience and global performance.
Global demand for truck cranes is being fueled by a surge in urban development and infrastructure projects. As construction and transport sectors grow, so does the need for powerful, adaptable lifting equipment. Technological upgrades particularly in telematics and automation are redefining the performance and safety standards of modern truck cranes. Meanwhile, the push for sustainability has spurred the use of lightweight and green materials to lessen the environmental impact of these machines.These factors collectively position truck cranes as essential assets in the evolving landscape of global construction and logistics.
As infrastructure investments ramp up in rapidly developing regions, the truck crane sector is emerging as a lucrative investment opportunity. Governments are heavily supporting urban expansion and major industrial ventures, which is boosting demand for sophisticated lifting machinery. Efforts to produce more fuel-efficient and budget-friendly cranes are gaining momentum among manufacturers. At the same time, strategic collaborations are enhancing their technical capabilities and geographic reach. This positive momentum is driving opportunity for established firms and startups in a market experiencing strong demand from large infrastructure projects.
Key players in the Global Truck Crane Industryinclude Liebherr Group, Tadano Ltd., Manitowoc Company, Sany Group, and Zoomlion Heavy Industry Science & Technology Co., Ltd. These companies are recognized for their extensive portfolios, cutting-edge technology integration, and consistent emphasis on innovation.
Government regulations are increasingly shaping the Global Truck Crane Marketas authorities implement stricter safety and emission standards. Policies promoting the use of eco-friendly and fuel-efficient machinery are pushing manufacturers to adopt cleaner technologies. Additionally, workplace safety regulations have mandated enhanced operator-friendly features and durability standards. Compliance with such policies is becoming crucial for market participants to succeed. Grants and incentives for adopting sustainable practices further encourage manufacturers to innovate, aligning with government objectives of reducing the environmental footprint.
Looking forward, the Global Truck Crane Marketis expected to grow steadily, supported by advancements in automation and sustainable design. Artificial intelligence, IoT-enabled devices, and predictive maintenance solutions are poised to redefine crane operations, improving efficiency and safety. Emerging economies will be the primary growth drivers, as infrastructure projects continue to expand. Furthermore, the consistent push for green construction equipment promises a surge in demand for eco-friendly truck cranes, ensuring a dynamic and innovation-driven future for the industry.
According to Ravi Bhandari, Research Head, 6Wresearch, North America is one of the leading regions in the truck crane market, with a strong focus on construction, utilities, and energy projects. The construction segment dominates the market, driven by increasing investments in infrastructure development and urbanization efforts in the United States and Canada.
Mounted cranes dominate the market due to their versatility and ease of transportation. They are particularly favored in construction and utility applications for their ability to handle diverse tasks efficiently, making them a preferred choice globally.
The construction sector dominates the global truck crane market due to its substantial demand for heavy-lifting equipment in residential, commercial, and infrastructure projects. With rapid urbanization and infrastructure investments globally, truck cranes have become an integral part of this growing segment.
The report provides a detailed analysis of the following market segments
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 Truck Crane Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Truck Crane Market Revenues & Volume, 2021 & 2031F |
3.3 Global Truck Crane Market - Industry Life Cycle |
3.4 Global Truck Crane Market - Porter's Five Forces |
3.5 Global Truck Crane Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Truck Crane Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Truck Crane Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Global Truck Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Truck Crane Market Trends |
6 Global Truck Crane Market, 2021 - 2031 |
6.1 Global Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Truck Crane Market, Revenues & Volume, By Mounted Crane, 2021 - 2031 |
6.1.3 Global Truck Crane Market, Revenues & Volume, By Sidelift Crane, 2021 - 2031 |
6.1.4 Global Truck Crane Market, Revenues & Volume, By Boom Truck Crane, 2021 - 2031 |
6.2 Global Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Truck Crane Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.2.3 Global Truck Crane Market, Revenues & Volume, By Industries, 2021 - 2031 |
6.2.4 Global Truck Crane Market, Revenues & Volume, By Utilities, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Truck Crane Market, Overview & Analysis |
7.1 North America Truck Crane Market Revenues & Volume, 2021 - 2031 |
7.2 North America Truck Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Truck Crane Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Truck Crane Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Truck Crane Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
8 Latin America (LATAM) Truck Crane Market, Overview & Analysis |
8.1 Latin America (LATAM) Truck Crane Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Truck Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Truck Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Truck Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Truck Crane Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Truck Crane Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
9 Asia Truck Crane Market, Overview & Analysis |
9.1 Asia Truck Crane Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Truck Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Truck Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Truck Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Truck Crane Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Truck Crane Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
10 Africa Truck Crane Market, Overview & Analysis |
10.1 Africa Truck Crane Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Truck Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Truck Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Truck Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Truck Crane Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Truck Crane Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
11 Europe Truck Crane Market, Overview & Analysis |
11.1 Europe Truck Crane Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Truck Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Truck Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Truck Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Truck Crane Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Truck Crane Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
12 Middle East Truck Crane Market, Overview & Analysis |
12.1 Middle East Truck Crane Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Truck Crane Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Truck Crane Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Truck Crane Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Truck Crane Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Truck Crane Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Truck Crane Market, Revenues & Volume, By Applications, 2021 - 2031 |
13 Global Truck Crane Market Key Performance Indicators |
14 Global Truck Crane Market - Export/Import By Countries Assessment |
15 Global Truck Crane Market - Opportunity Assessment |
15.1 Global Truck Crane Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Truck Crane Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Truck Crane Market Opportunity Assessment, By Applications, 2021 & 2031F |
16 Global Truck Crane Market - Competitive Landscape |
16.1 Global Truck Crane Market Revenue Share, By Companies, 2024 |
16.2 Global Truck Crane Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |