Truck Crane Market Research Report- Forecast 2027

Truck Crane Market Information Report, By Type (Mounted Cranes, Sidelift Crane, Boom Truck Crane, and Others), By Application (Construction, Industries, Utilities and Others), and By Region - Forecast To 2027

ID: MRFR/CO/3435-HCR | February 2021 | Region: Global | 100 pages

Truck Crane Market Synopsis


Truck Cranes Market is expected to grow at a CAGR of 4.43% during the forecast period.
Geographically, the global truck crane market has been divided into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific, of all the regions, has accounted for the largest market share, in 2016, followed by Europe. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increase in construction activities in countries such as China, Japan, India, and Indonesia in Asia Pacific region, is the major factor fuelling the growth of the market. Additionally, increase in industrialization, rising urbanized population, and growth in purchasing power, drive the growth of the market in Asia Pacific region. China is one of the leading markets in the Asia Pacific region. The Chinese Government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. These factors have a positive influence on the growth of the market.


Increasing up gradation, and repair & rehabilitation of the existing infrastructure and power grids & distribution networks, are driving the growth of the market in Europe. Germany and the U.K. are the major markets in Europe. The construction values of both the public and private sectors in the U.K., are continuously increasing. This will create potential for huge demand for the market, in coming years. North America is another major region for the market. The U.S. is a major market of North America. Strong development in commercial and residential structures in the U.S., is expected to further fuel the demand of the market in the region.


For the purpose of this study, the global truck cranes market has been segmented on the basis of types, and applications. On the basis of type, the market has been segmented as Mounted Cranes, Sidelift Crane, Boom Truck Crane, and Others. Mounted cranes is projected to grow at the highest CAGR during the forecast period. Mounted cranes means cranes mounted on a rubber tire truck to provide great mobility. A side lifter crane is a road-going truck or semi-trailer, which is able to hoist and transport the containers. Container lift is done with parallel crane-like hoists, which can lift a container from the ground or from a railway vehicle.


Based on applications, the market has been segmented as Construction, Industries, Utilities and Others. Construction segment accounted for the largest market share. Due to increasing population and urbanization, there is seen a shift in the population to the urbanized areas, especially in developing nations. This transition leads to the increasing demand for homes and residential complexes. This drives the demand of the market from this sector. Additionally, increased investment in new commercial constructions and infrastructure projects, also increase demand of this segment. Utility is another major application of the market. Increasing investments in power transmission and distribution (T&D) networks, is a factor driving the market for truck crane.


The Prominent Players in the global truck crane market include Liebherr Group (Switzerland), The Manitowoc Company, Inc. (U.S.), Terex Corporation (U.S.), Tadano Ltd. (Japan), Xuzhou Construction Machinery Group Co., Ltd. (China), Kato Works Co., Ltd (Japan), Elliott Equipment Company (U.S.), Manitex International Inc. (U.S.), Sany Group (China), Altec Industries (U.S.), and Böcker Maschinenwerke GmbH (Germany).


The report for Global Truck Crane Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   4.43% CAGR (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Manitowoc Company, Inc. (U.S.), Liebherr Group (Switzerland), Terex Corporation (U.S.), Xuzhou Construction Machinery Group Co., Ltd. (China), Tadano Ltd. (Japan), Kato Works Co., Ltd (Japan), Manitex International Inc. (U.S.), Elliott Equipment Company (U.S.), Sany Group (China), Böcker Maschinenwerke GmbH (Germany), and Altec Industries (U.S.)
  Key Market Opportunities

  • increase in industrialization
  • Rising urbanized population,
  • Growth in purchasing power
  •   Key Market Drivers

  • Increasing redevelopment & repair activities
  • The existing infrastructure and power grids & distribution networks


  • Frequently Asked Questions (FAQ) :


    Global truck crane market projected to grow at approximately 4.43% during the assessment period (2017-2023).

    On the basis of types, the mounted cranes segment and based on applications, the construction segment holds the majority shares in the global truck crane market.

    Increasing redevelopment & repair activities of the existing infrastructure and power grids & distribution networks, are the major tailwinds pushing the growth of the global truck crane market.

    Asia Pacific holds the largest share in the global truck crane market, followed by Europe and North America, respectively.

    The Manitowoc Company, Inc. (U.S.), Liebherr Group (Switzerland), Terex Corporation (U.S.), Xuzhou Construction Machinery Group Co., Ltd. (China), Tadano Ltd. (Japan), Kato Works Co., Ltd (Japan), Manitex International Inc. (U.S.), Elliott Equipment Company (U.S.), Sany Group (China), Böcker Maschinenwerke GmbH (Germany), and Altec Industries (U.S.), are some of the top players operating in the global truck crane market.