The global cranes market is forecasted to grow by USD 31712.4 mn during 2025-2030, accelerating at a CAGR of 7.4% during the forecast period. The report on the global cranes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by sustained investment in global infrastructure and urbanization, rapid integration of advanced technology and electrification, accelerated growth of renewable energy sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 7% |
| CAGR | 7.4% |
| Incremental Value | $31712.4 mn |
Technavio's global cranes market is segmented as below:
By Product
- Mobile cranes
- Fixed cranes
- Marine and port cranes
By Application
- Construction and mining
- Industrial
- Utilities
By Capacity
- Heavy duty
- Medium duty
- Light duty
By Method
- Hydraulic
- Electric
- Diesel
- Pneumatic
- Mechanical
Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- France
- UK
- Italy
- Spain
- The Netherlands
- North America
- South America
- Middle East and Africa
- UAE
- South Africa
- Turkey
- Egypt
- Rest of World (ROW)
This study identifies the pervasive shift toward electrification and sustainable solutions as one of the prime reasons driving the global cranes market growth during the next few years. Also, deepening integration of digitalization and automation and increasing demand for specialized and high-capacity cranes will lead to sizable demand in the market.
The report on the global cranes market covers the following areas:
- Global cranes market sizing
- Global cranes market forecast
- Global cranes market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global cranes market vendors that include ABUS Kransysteme GmbH, Fassi Gru S.p.A., GH Cranes and Components, Gorbel Inc., KATO WORKS CO. LTD., Kobelco Construction Machinery, Konecranes plc, Liebherr International AG, Link Belt Cranes, Manitex Inc., Manitowoc Co Inc., PALFINGER AG, Sany Heavy Industry Co. Ltd., SENNEBOGEN Maschinenfabrik GmbH, Spierings Mobile Cranes B.V., Tadano Ltd., Terex Corp., Xuzhou Construction Machinery, Zoomlion Industry Co. Ltd.. Also, the global cranes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Market Segmentation by Method
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Cranes Market 2020 - 2024
- Historic Market Size - Data Table on Global Cranes Market 2020 - 2024 ($ million)
- 5.2 Product segment analysis 2020 - 2024
- Historic Market Size - Product Segment 2020 - 2024 ($ million)
- 5.3 Application segment analysis 2020 - 2024
- Historic Market Size - Application Segment 2020 - 2024 ($ million)
- 5.4 Capacity segment analysis 2020 - 2024
- Historic Market Size - Capacity Segment 2020 - 2024 ($ million)
- 5.5 Method segment analysis 2020 - 2024
- Historic Market Size - Method Segment 2020 - 2024 ($ million)
- 5.6 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.7 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global Cranes Market
- 6.2 Impact of Geopolitical Conflicts on Global Cranes Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by Product
- 8.1 Market segments
- 8.2 Comparison by Product
- 8.3 Mobile cranes - Market size and forecast 2025-2030
- 8.4 Fixed cranes - Market size and forecast 2025-2030
- 8.5 Marine and port cranes - Market size and forecast 2025-2030
- 8.6 Market opportunity by Product
- Market opportunity by Product ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- 9.2 Comparison by Application
- 9.3 Construction and mining - Market size and forecast 2025-2030
- 9.4 Industrial - Market size and forecast 2025-2030
- 9.5 Utilities - Market size and forecast 2025-2030
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
10 Market Segmentation by Capacity
- 10.1 Market segments
- 10.2 Comparison by Capacity
- 10.3 Heavy duty - Market size and forecast 2025-2030
- 10.4 Medium duty - Market size and forecast 2025-2030
- 10.5 Light duty - Market size and forecast 2025-2030
- 10.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
11 Market Segmentation by Method
- 11.1 Market segments
- 11.2 Comparison by Method
- 11.3 Hydraulic - Market size and forecast 2025-2030
- 11.4 Electric - Market size and forecast 2025-2030
- 11.5 Diesel - Market size and forecast 2025-2030
- 11.6 Pneumatic - Market size and forecast 2025-2030
- 11.7 Mechanical - Market size and forecast 2025-2030
- 11.8 Market opportunity by Method
- Market opportunity by Method ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- 13.2 Geographic comparison
- 13.3 APAC - Market size and forecast 2025-2030
- 13.3.1 China - Market size and forecast 2025-2030
- 13.3.2 Japan - Market size and forecast 2025-2030
- 13.3.3 India - Market size and forecast 2025-2030
- 13.3.4 South Korea - Market size and forecast 2025-2030
- 13.3.5 Australia - Market size and forecast 2025-2030
- 13.3.6 Indonesia - Market size and forecast 2025-2030
- 13.4 Europe - Market size and forecast 2025-2030
- 13.4.1 Germany - Market size and forecast 2025-2030
- 13.4.2 France - Market size and forecast 2025-2030
- 13.4.3 UK - Market size and forecast 2025-2030
- 13.4.4 Italy - Market size and forecast 2025-2030
- 13.4.5 Spain - Market size and forecast 2025-2030
- 13.4.6 The Netherlands - Market size and forecast 2025-2030
- 13.5 North America - Market size and forecast 2025-2030
- 13.5.1 US - Market size and forecast 2025-2030
- 13.5.2 Canada - Market size and forecast 2025-2030
- 13.5.3 Mexico - Market size and forecast 2025-2030
- 13.6 South America - Market size and forecast 2025-2030
- 13.6.1 Brazil - Market size and forecast 2025-2030
- 13.6.2 Argentina - Market size and forecast 2025-2030
- 13.6.3 Chile - Market size and forecast 2025-2030
- 13.7 Middle East and Africa - Market size and forecast 2025-2030
- 13.7.1 Saudi Arabia - Market size and forecast 2025-2030
- 13.7.2 UAE - Market size and forecast 2025-2030
- 13.7.3 South Africa - Market size and forecast 2025-2030
- 13.7.4 Turkey - Market size and forecast 2025-2030
- 13.7.5 Egypt - Market size and forecast 2025-2030
- 13.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
14 Drivers, Challenges, and Opportunity
- 14.1 Market drivers
- Sustained investment in global infrastructure and urbanization
- Rapid integration of advanced technology and electrification
- Accelerated growth of renewable energy sector
- 14.2 Market challenges
- Persistent shortage of skilled labor
- Intensifying regulatory and environmental pressures
- Supply chain volatility and raw material price fluctuations
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 14.4 Market opportunities
- Pervasive shift toward electrification and sustainable solutions
- Deepening integration of digitalization and automation
- Increasing demand for specialized and high-capacity cranes
15 Competitive Landscape
- 15.1 Overview
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.1 Companies profiled
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 GH Cranes and Components
- GH Cranes and Components - Overview
- GH Cranes and Components - Product / Service
- GH Cranes and Components - Key offerings
- SWOT
- 16.5 Gorbel Inc.
- Gorbel Inc. - Overview
- Gorbel Inc. - Product / Service
- Gorbel Inc. - Key offerings
- SWOT
- 16.6 KATO WORKS CO. LTD.
- KATO WORKS CO. LTD. - Overview
- KATO WORKS CO. LTD. - Product / Service
- KATO WORKS CO. LTD. - Key offerings
- SWOT
- 16.7 Kobelco Construction Machinery
- Kobelco Construction Machinery - Overview
- Kobelco Construction Machinery - Product / Service
- Kobelco Construction Machinery - Key offerings
- SWOT
- 16.8 Konecranes plc
- Konecranes plc - Overview
- Konecranes plc - Business segments
- Konecranes plc - Key offerings
- Konecranes plc - Segment focus
- SWOT
- 16.9 Liebherr International AG
- Liebherr International AG - Overview
- Liebherr International AG - Product / Service
- Liebherr International AG - Key offerings
- SWOT
- 16.10 Link Belt Cranes
- Link Belt Cranes - Overview
- Link Belt Cranes - Product / Service
- Link Belt Cranes - Key offerings
- SWOT
- 16.11 Manitex Inc.
- Manitex Inc. - Overview
- Manitex Inc. - Product / Service
- Manitex Inc. - Key offerings
- SWOT
- 16.12 Manitowoc Co Inc.
- Manitowoc Co Inc. - Overview
- Manitowoc Co Inc. - Business segments
- Manitowoc Co Inc. - Key offerings
- Manitowoc Co Inc. - Segment focus
- SWOT
- 16.13 PALFINGER AG
- PALFINGER AG - Overview
- PALFINGER AG - Business segments
- PALFINGER AG - Key offerings
- PALFINGER AG - Segment focus
- SWOT
- 16.14 Sany Heavy Industry Co. Ltd.
- Sany Heavy Industry Co. Ltd. - Overview
- Sany Heavy Industry Co. Ltd. - Business segments
- Sany Heavy Industry Co. Ltd. - Key offerings
- Sany Heavy Industry Co. Ltd. - Segment focus
- SWOT
- 16.15 Tadano Ltd.
- Tadano Ltd. - Overview
- Tadano Ltd. - Business segments
- Tadano Ltd. - Key offerings
- Tadano Ltd. - Segment focus
- SWOT
- 16.16 Terex Corp.
- Terex Corp. - Overview
- Terex Corp. - Business segments
- Terex Corp. - Key offerings
- Terex Corp. - Segment focus
- SWOT
- 16.17 Xuzhou Construction Machinery
- Xuzhou Construction Machinery - Overview
- Xuzhou Construction Machinery - Business segments
- Xuzhou Construction Machinery - Key offerings
- Xuzhou Construction Machinery - Segment focus
- SWOT
- 16.18 Zoomlion Industry Co. Ltd.
- Zoomlion Industry Co. Ltd. - Overview
- Zoomlion Industry Co. Ltd. - Business segments
- Zoomlion Industry Co. Ltd. - Key offerings
- Zoomlion Industry Co. Ltd. - Segment focus
- SWOT
17 Appendix
- 17.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.5 Data procurement
- 17.6 Data validation
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.8 Data synthesis
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations