The US Truck Mounted Cranes Market Size was estimated at 1.88 (USD Billion) in 2023. The US Truck Mounted Cranes Industry is expected to grow from 2.21(USD Billion) in 2024 to 4.23 (USD Billion) by 2035. The US Truck Mounted Cranes Market CAGR (growth rate) is expected to be around 6.08% during the forecast period (2025 - 2035).
Currently, the US Truck Mounted Cranes Market is characterized by a number of substantial trends that are being driven by a combination of technological advancements and industry demands. The demand for truck-mounted cranes is being stimulated by the growing number of infrastructural projects in the United States, which are primarily being initiated by federal programs and state-level initiatives. The infrastructure measure is designed to improve infrastructure, including roadways, bridges, and other public structures. Consequently, there is a significant need for effective lifting solutions in construction and maintenance operations. Additionally, the construction and logistics sectors are increasingly adopting environmentally favorable alternatives, which has resulted in an increase in the demand for cranes that prioritize efficiency, sustainability, and reduced emissions.The market offers a plethora of opportunities for exploration, including the integration of automation and clever technology in truck-mounted cranes. Companies that adopt innovations such as telematics and remote control systems are gaining a competitive advantage. Furthermore, the increasing prevalence of rental services among construction companies enables construction companies to operate with greater flexibility and reduced capital expenditure, thereby facilitating the utilization of truck-mounted cranes in a variety of applications without the obligation of ownership. In recent years, there has been a growing emphasis on safety regulations and compliance as manufacturers have improved the features that facilitate safe operation.Any new models will probably incorporate advanced safety systems as states implement stricter guidelines in accordance with OSHA regulations. This commitment to safety not only improves the operational efficiency of truck-mounted cranes but also fosters user confidence. In general, the US Truck Mounted Cranes Market is well-positioned for expansion as it adjusts to these trends, which are influenced by both regulatory changes and emergent technological advancements.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Truck Mounted Cranes Market Industry is driven significantly by the increasing number of infrastructure development projects across the United States. According to the American Society of Civil Engineers, the nation requires an estimated investment of 4.5 trillion USD by 2025 to maintain and improve its infrastructure. This immense need for upgrading roads, bridges, and buildings is expected to spur demand for truck mounted cranes, which are essential for various construction and maintenance tasks.Established companies such as Terex Corporation and Manitowoc Crane Group are already gearing up to meet this rising demand by enhancing their product lines, demonstrating the substantial market opportunity presented by this infrastructure investment. The U.S. government's emphasis on infrastructure rejuvenation, as evidenced by recent spending bills and policy initiatives, underscores the crucial role that truck mounted cranes play in supporting construction efforts nationwide.
The rise in technology adoption in the Truck Mounted Cranes Market Industry is another prominent driver. With advancements in crane technology, such as telematics and remote operation capabilities, there is a growing need for modernized cranes in the construction sector. It has been estimated that companies implementing these technologies can achieve efficiency gains of up to 30% in project completion times. This trend is supported by organizations like the Crane Association of America, which promotes the use of innovative equipment.As construction companies recognize the benefits of advanced technology in improving safety and operational efficiency, market players are likely to experience increased demand for technologically superior truck mounted cranes in the US.
The US Truck Mounted Cranes Market Industry is further supported by the rising activities within the residential construction sector. The US Census Bureau reported a consistent increase in residential building permits, which reached approximately 1.5 million in 2022. This rise indicates a robust demand for construction equipment, including truck mounted cranes, necessary for lifting and positioning heavy materials. The National Association of Home Builders indicates that the demand for new housing is projected to remain strong due to demographic trends, such as increasing population and a growing number of households.This ongoing demand for new residential buildings enhances the growth potential for truck mounted cranes, making them essential tools in modern construction practices.
The US Truck Mounted Cranes Market is a dynamic segment within the heavy equipment industry, showcasing significant growth and a variety of applications across several sectors. The Type segmentation of this market includes Mounted Cranes, Sidelift Cranes, Boom Truck Cranes, and Others, each playing a vital role in diverse operations ranging from construction to transportation and logistics. Mounted Cranes dominate the market due to their versatility and ability to perform a wide range of lifting tasks, often serving the construction and infrastructure development sectors, which are pivotal in the United States economy.Sidelift Cranes, on the other hand, offer specialized capabilities for transporting containers and other heavy goods, making them crucial for the shipping and warehousing sectors. Their design enhances efficiency, allowing for quick loading and unloading, which is increasingly important in today’s fast-paced logistics environment. Boom Truck Cranes are also significant within this market, as their extendable boom provides operators with the flexibility to access hard-to-reach areas, making them essential for urban construction and maintenance projects.The demand for these cranes is fueled by continuous advancements in technology, leading to improved safety features and operational efficiencies, driving the market forward. Other types of truck-mounted cranes contribute to niche applications, accommodating unique requirements across various industries. The US Truck Mounted Cranes Market is characterized by its robust growth trajectory, bolstered by a rise in infrastructure investments and an increasing emphasis on safety and environmental sustainability. As industries adapt to emerging trends, the segmentation within this market reflects the diverse and evolving needs of users, enabling more tailored solutions and driving overall market growth.With a focus on innovation and efficiency, this market not only addresses current demands but also adapts to future challenges posed by technological advancements and regulatory frameworks.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Application segment of the US Truck Mounted Cranes Market reflects the diverse needs across various industries. The construction sector is a key driver, as these cranes play a vital role in lifting heavy materials, contributing significantly to project efficiency and safety. Utilities also represent a substantial part, where cranes are utilized for tasks such as power line maintenance and other essential infrastructure works. The industrial sector benefits from the versatility of truck mounted cranes, enabling businesses to enhance productivity through improved lifting capabilities and mobility.Additionally, other applications showcase the adaptability of these cranes in unique contexts, demonstrating their potential in sectors not traditionally associated with heavy lifting. With the growing demand for infrastructure development and utility services in the US, it is expected that the Application segment will continue to experience dynamic growth. The overall trend in the US Truck Mounted Cranes Market indicates increased investments in construction and infrastructure, driven by urbanization and government initiatives, thus presenting multiple opportunities for expansion across these varied applications.Moreover, safety regulations and technological advancements further fuel the significance of truck mounted cranes, making them essential tools in a wide range of operations.
The US Truck Mounted Cranes Market is characterized by a dynamic competitive landscape, influenced by a few key players that dominate the sector. This market, essential for construction, logistics, and various industrial applications, is witnessing advancements in technology and stringent safety regulations. Companies are focusing on innovation, operational efficiency, and sustainability to cater to the diverse needs of end-users in urban as well as rural settings. The interplay between established firms and newer entrants drives competition, resulting in an array of options for customers. Therefore, understanding the strategic positioning, product offerings, and market dynamics is crucial for stakeholders looking to navigate this growing segment effectively.In the US Truck Mounted Cranes Market, Peterbilt stands out due to its strong reputation and extensive experience in the manufacturing of high-quality commercial vehicles. The company is recognized for integrating advanced features into its truck cranes, including durability and excellent load capacity, which enhance overall performance. Peterbilt's brand reputation is built upon reliability and innovation, offering various models that appeal to a wide range of customers. Their strong distribution network across the United States supports their market presence, ensuring that customers have easier access to services and parts. Additionally, Peterbilt has been proactive in adopting recent trends in electric and hybrid technologies to reduce environmental impact, thereby further solidifying its competitive edge in a market increasingly focused on sustainability.Demag operates effectively within the US Truck Mounted Cranes Market, known for its robust engineering and high-performance lifting solutions. The company specializes in manufacturing a variety of cranes suitable for different applications, emphasizing both efficiency and reliability in their product line. Demag has built a significant market presence through strategic partnerships and collaborations, as well as expanding its service portfolio to include maintenance and support solutions tailored for its cranes. Recent mergers and acquisitions have further strengthened their position, allowing for greater resource allocation towards research and development. With an emphasis on innovative designs and state-of-the-art technology, Demag continues to enhance its offerings, ensuring that they meet the evolving demands of the construction and industrial sectors in the United States.
Peterbilt
Demag
Manitex International
National Crane
Altec Industries
Liebherr
Bronto Skylift
Grove
Kenworth
LinkBelt
Tadano
XCMG
Bauma
JLG Industries
The US Truck Mounted Cranes Market has recently witnessed significant developments. In October 2023, Kenworth announced the launch of a new line of energy-efficient trucks aimed at enhancing productivity for crane operators. Concurrently, Demag introduced advanced models featuring innovative safety technology, responding to increasing regulatory demands in the construction sector. Moreover, in September 2023, a notable merger occurred when Manitex International acquired JLG Industries' truck-mounted crane segment, expanding its market reach and product offerings. This acquisition is celebrated for its potential to create synergies in manufacturing and distribution. Market valuation growth has been substantial, reaching approximately USD 800 million by the end of Q3 2023, largely attributed to heightened demand for construction and infrastructure projects following the US government’s infrastructure bill initiative from 2021, which earmarked significant funding for urban development. Companies such as Liebherr and Terex are also competing closely through technological innovations and enhanced product features, contributing to a robust and competitive market landscape. Over the past two years, the introduction of stricter safety regulations has further shaped investment strategies within the sector, paving the way for advancements in crane technology and operational efficiency.
Mounted Cranes
Sidelift Cranes
Boom Truck Cranes
Others
Construction
Utilities
Industries
Others
| Report Attribute/Metric | Details |
| Market Size 2023 | 1.88(USD Billion) |
| Market Size 2024 | 2.21(USD Billion) |
| Market Size 2035 | 4.23(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 6.08% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Peterbilt, Demag, Manitex International, National Crane, Altec Industries, Liebherr, Bronto Skylift, Terex, Grove, Kenworth, LinkBelt, Tadano, XCMG, Bauma, JLG Industries |
| Segments Covered | Type, Application |
| Key Market Opportunities | Increased infrastructure development projects, Growing demand from the construction industry, Technological advancements in cranes, Rising preference for electric models, Expanding rental services market |
| Key Market Dynamics | Rising construction activities, Technological advancements, Regulatory compliance requirements, Growing rental market, Increasing demand for efficiency |
| Countries Covered | US |
Frequently Asked Questions (FAQ) :
The US Truck Mounted Cranes Market is expected to be valued at 2.21 billion USD in 2024.
By 2035, the US Truck Mounted Cranes Market is projected to reach a valuation of 4.23 billion USD.
The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.08% from 2025 to 2035.
Mounted Cranes are expected to hold the largest market share, valued at 0.99 billion USD in 2024.
The market size for Sidelift Cranes is projected to grow to 1.29 billion USD by 2035.
Major players include Peterbilt, Demag, Manitex International, National Crane, and Altec Industries, among others.
Applications in construction, logistics, and maintenance sectors predominantly drive the market growth.
Challenges include rising material costs and regulatory compliance that may impact market growth.
Emerging trends toward automation and sustainable construction practices present new opportunities.
The growth rates among different types of cranes may vary, but overall the market will see steady growth from 2025 to 2035.
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