Mobile Construction Cranes Market Research Report By Type (Crawler Cranes, Truck Cranes, Rough Terrain Cranes, All Terrain Cranes), By Capacity (Less than 50 tons, 50 to 150 tons, 150 to 300 tons, Over 300 tons), By Boom Length (Less than 100 feet, 100 to 200 feet, 200 to 300 feet, Over 300 feet), By Application (Construction, Infrastructure, Mining, Oil and Gas, Power Generation), By End User (Rental Companies, Contractors, Industrial Customers) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) -

Global Mobile Construction Cranes Market Overview

The Mobile Construction Cranes Market Size was estimated at 29.95 (USD Billion) in 2022. The Mobile Construction Cranes Industry is expected to grow from 31.59(USD Billion) in 2023 to 51.0 (USD Billion) by 2032. The Mobile Construction Cranes Market CAGR (growth rate) is expected to be around 5.46% during the forecast period (2024 - 2032).

Key Mobile Construction Cranes Market Trends Highlighted

Mobile construction cranes are gaining traction in the construction industry due to their exceptional maneuverability, compact design, and ease of transportation. Stringent regulations related to safety and emission have compelled manufacturers to focus on developing innovative mobile construction cranes that offer enhanced safety features and reduced environmental impact. In response to the increasing demand for sustainable construction solutions, the adoption of eco-friendly technologies, such as electric and hybrid propulsion systems, is anticipated to be a significant trend in the near future.

Furthermore, the advancements in telematics and IoT connectivity are bringing forth opportunities for remote monitoring, predictive maintenance, and enhanced operational efficiency.

The growing demand for mobile construction cranes is primarily driven by the surging need for efficient and versatile solutions in urban construction, infrastructure development, and energy projects. The ability of mobile cranes to access tight spaces, navigate congested sites, and lift heavy objects with precision makes them ideal for complex construction projects.

 Additionally, the affordability and flexibility of mobile construction cranes compared to traditional tower cranes have contributed to their widespread adoption.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mobile Construction Cranes Market Drivers

Technological advancements

The Mobile Construction Cranes Market Industry is witnessing rapid technological advancements, which are expected to drive the market growth in the coming years. These advancements include the development of new crane designs, materials, and technologies that are making cranes more efficient, safer, and easier to use. For instance, the introduction of electric cranes is gaining traction due to their environmental benefits and reduced operating costs.Moreover, the integration of advanced technologies such as IoT, AI, and automation is enhancing the capabilities of mobile construction cranes, enabling remote monitoring, predictive maintenance, and improved safety features. These technological advancements are expected to continue driving the demand for mobile construction cranes in various industries, including construction, infrastructure development, and mining.

Increasing urbanisation

The rapid urbanisation across the globe is another major factor driving the growth of the Mobile Construction Cranes Market Industry. The increasing population and expanding cities are leading to a surge in construction activities, particularly in developing countries. Mobile construction cranes are essential equipment for high-rise buildings, bridges, and other infrastructure projects in urban areas. The growing demand for affordable housing, commercial spaces, and public infrastructure is expected to continue driving the demand for mobile construction cranes in the coming years.

Government investments in infrastructure development

Governments across the world are investing heavily in infrastructure development to improve transportation networks, energy systems, and public facilities. This increased investment is creating a positive outlook for the Mobile Construction Cranes Market Industry. Mobile construction cranes are crucial for large-scale infrastructure projects, such as road construction, bridge building, and power plant construction. The growing focus on sustainable infrastructure development is also driving the demand for mobile construction cranes that are more environmentally friendly and energy efficient.

Mobile Construction Cranes Market Segment Insights

Mobile Construction Cranes Market Type Insights

The Mobile Construction Cranes Market segmentation by type includes Crawler Cranes, Truck Cranes, Rough Terrain Cranes, and All Terrain Cranes. Among these, Crawler Cranes held the largest market share in 2023, and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for crawler cranes in infrastructure development projects, particularly in emerging economies. Crawler cranes offer superior lifting capacity and stability, making them ideal for heavy-lifting operations in construction sites.Truck Cranes, on the other hand, are expected to witness a significant growth rate during the forecast period. This growth is driven by the rising demand for mobile and versatile cranes that can be easily transported and set up on different job sites. Truck cranes provide a cost-effective solution for a wide range of lifting tasks, making them popular among contractors and rental companies. Rough Terrain Cranes are specifically designed to operate on uneven and challenging terrains. These cranes have gained popularity in recent years due to their ability to access remote and difficult-to-reach areas.The demand for Rough Terrain Cranes is expected to increase in the coming years, particularly in sectors such as mining, construction, and infrastructure development. All Terrain Cranes offer the highest level of mobility and flexibility, as they can travel on both roads and rough terrains. These cranes are frequently used in construction projects that require frequent relocation and setup, such as bridge construction and wind farm installations. The All-Terrain Cranes segment is expected to experience steady growth in the coming years, driven by the increasing demand for versatile and efficient lifting solutions.Overall, the Mobile Construction Cranes Market is expected to witness significant growth in the coming years, driven by the increasing demand for mobile, versatile, and cost-effective lifting solutions. The market is expected to be influenced by factors such as rising infrastructure development, urbanization, and technological advancements.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mobile Construction Cranes Market Capacity Insights

The capacity segment plays a pivotal role in driving the Mobile Construction Cranes Market revenue. Cranes with capacities less than 50 tons are widely used in residential and light commercial construction projects. The 50 to 150 tons capacity segment holds a significant share due to its versatility in mid-size construction projects, including infrastructure development and industrial construction. Cranes with capacities ranging from 150 to 300 tons are witnessing increasing demand in heavy construction projects, such as bridges, skyscrapers, and power plants.The over 300 tons capacity segment caters to specialized lifting requirements in large-scale infrastructure and industrial projects, offering exceptional lifting capabilities for massive components and structures. Market data suggests that the over 300 tons capacity segment is projected to exhibit robust growth in the coming years, driven by the rising number of mega construction projects worldwide

Mobile Construction Cranes Market Boom Length Insights

The boom length segment plays a crucial role in the Mobile Construction Cranes Market segmentation. Cranes with boom lengths less than 100 feet are commonly used for smaller construction projects, accounting for a revenue share of around 25% in 2023. As projects become more complex and require greater reach, the demand for cranes with longer booms increases. The 100 to 200 feet boom length segment is expected to witness significant growth due to its versatility and suitability for mid-sized construction projects. Cranes with boom lengths ranging from 200 to 300 feet are in high demand for large-scale infrastructure projects, contributing to a projected revenue share of over 35% by 2032.These cranes offer extended reach and lifting capacity, making them ideal for constructing skyscrapers, bridges, and other tall structures. The over 300 feet boom length segment caters to specialized applications such as offshore wind turbine installation and heavy lifting operations. This segment is expected to exhibit steady growth as the renewable energy sector expands.

Mobile Construction Cranes Market Application Insights

The Mobile Construction Cranes Market is segmented by application into construction, infrastructure, mining, oil and gas, and power generation. The construction segment is expected to account for the largest share of the market in 2023, with a valuation of 12.45 billion (USD). This is due to the increasing demand for mobile construction cranes in the construction of residential and commercial buildings, as well as infrastructure projects. The infrastructure segment is also expected to grow at a significant rate, with a CAGR of 5.8% from 2023 to 2032.This growth is being driven by the increasing investment in infrastructure development in emerging economies. The mining segment is another major application area for mobile construction cranes, with a market size of 4.4 billion (USD) in 2023. The growing demand for minerals and metals is driving the growth of this segment. The oil and gas and power generation segments are also expected to contribute to the overall growth of the Mobile Construction Cranes Market.

Mobile Construction Cranes Market End User Insights

The Mobile Construction Cranes Market is segmented into end users such as rental companies, contractors, and industrial customers. Rental companies accounted for the largest share of the market in 2023, due to the increasing demand for mobile construction cranes for short-term projects and the need for cost-effective equipment solutions. Contractors are also a significant end-user segment, as they require mobile construction cranes for various construction activities. Industrial customers, such as manufacturers and mining companies, are also expected to drive market growth in the coming years due to their increasing investment in infrastructure and capital projects.

Mobile Construction Cranes Market Regional Insights

The regional segmentation of the Mobile Construction Cranes Market offers insights into the market's geographic distribution and performance. North America, Europe, APAC, South America, and MEA are the key regions analyzed in this market research. North America accounts for a significant share of the global market revenue, driven by the increasing demand for mobile construction cranes in infrastructure development and commercial construction projects. Europe is another prominent region, with a strong market presence due to ongoing urbanization and government initiatives for infrastructure modernization.The APAC region is expected to exhibit the highest growth potential during the forecast period, owing to the rapid industrialization and urbanization in emerging economies like China and India. South America and MEA also contribute to the global market, with their respective growth opportunities influenced by factors such as mining, construction, and infrastructure development.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mobile Construction Cranes Market Key Players and Competitive Insights

Major players in the Mobile Construction Cranes Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolio, and forming strategic partnerships. Leading Mobile Construction Cranes Market players are focusing on developing innovative and technologically advanced cranes that meet the evolving needs of customers. The Mobile Construction Cranes Market is characterized by intense competition, with key players vying for market share.

To stay ahead in the competitive landscape, companies are adopting various strategies such as product differentiation, cost optimization, and customer-centric approaches. The Mobile Construction Cranes Market is expected to witness significant growth in the coming years, driven by rising infrastructure development activities and increasing demand for efficient and versatile lifting solutions. Liebherr, a leading player in the Mobile Construction Cranes Market, offers a wide range of mobile cranes, including crawler cranes, all-terrain cranes, and tower cranes. The company is known for its advanced technology, reliable performance, and excellent customer service. Liebherr's focus on innovation and customer satisfaction has enabled it to maintain a strong position in the market.Another major player in the Mobile Construction Cranes Market is XCMG. The company manufactures a comprehensive range of mobile cranes, including truck cranes, rough-terrain cranes, and tower cranes. XCMG is known for its cost-effective and durable cranes, which are widely used in construction, infrastructure, and mining applications. The company's commitment to quality and customer service has helped it gain a significant market share in both domestic and international markets.

Key Companies in the Mobile Construction Cranes Market Include

• Terex


• LinkBelt Cranes


• XCMG


• Terex Cranes


• Tadano


• Kobelco


• Manitowoc


• Sany


• Zoomlion


• Konecranes


• Grove


• Liebherr


• Kato Works


• IMT Cranes


• Demag

Mobile Construction Cranes Market Industry Developments

The Mobile Construction Cranes Market is projected to grow from USD 31.59 billion in 2023 to USD 51.0 billion by 2032, at a CAGR of 5.46%. Increasing construction activities in developing economies, rising demand for infrastructure development, and growing urbanization are driving market growth. Technological advancements, such as the adoption of telematics and IoT devices, are also contributing to the market's expansion. Key players in the market include Liebherr, XCMG, Zoomlion, Terex, and Manitowoc. Recent news developments include the launch of new models with enhanced lifting capacities and the expansion of distribution networks in emerging markets.

Mobile Construction Cranes Market Segmentation Insights

• Mobile Construction Cranes Market Type Outlook
  
  
  
  • Crawler Cranes
  
  
  • Truck Cranes
  
  
  • Rough Terrain Cranes
  
  
  • All Terrain Cranes
  
  
  
  

• Mobile Construction Cranes Market Capacity Outlook
  
  
  
  • Less than 50 tons
  
  
  • 50 to 150 tons
  
  
  • 150 to 300 tons
  
  
  • Over 300 tons
  
  
  
  

• Mobile Construction Cranes Market Boom Length Outlook
  
  
  
  • Less than 100 feet
  
  
  • 100 to 200 feet
  
  
  • 200 to 300 feet
  
  
  • Over 300 feet
  
  
  
  

• Mobile Construction Cranes Market Application Outlook
  
  
  
  • Construction
  
  
  • Infrastructure
  
  
  • Mining
  
  
  • Oil and Gas
  
  
  • Power Generation
  
  
  
  

• Mobile Construction Cranes Market End User Outlook
  
  
  
  • Rental Companies
  
  
  • Contractors
  
  
  • Industrial Customers
  
  
  
  

• Mobile Construction Cranes Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa