Global Mobile Crane Market Assessment, By Type [Loading Ramps, Vacuum Loaders, Die Loaders, Forklifts, Conveyors], By Load Capacity [Up to 2000 kg, 2000 kg to 3000 kg, Above 3000 kg], By Transmission [Manual, Automatic], By End-user Industry [E-commerce, Construction, Mining, Agriculture, Manufacturing and Warehouse, Food and Beverages, Others], By Region, Opportunities and Forecast, 2017-2031F

Global mobile crane market is projected to witness a CAGR of 6.05% during the forecast period 2024-2031, growing from USD 16.72 billion in 2023 to USD 26.75 billion in 2031. 

Mobile Crane Market Size, Share, Growth & Forecast 2031

Global mobile crane market is projected to witness a CAGR of 6.05% during the forecast period 2024-2031, growing from USD 16.72 billion in 2023 to USD 26.75 billion in 2031. The market has been growing rapidly due to constant improvements in technology, including the rise in demand for logistics efficiency and the trend toward automation in industries. The efficacy of the mobile crane market is expected to grow due to the integration of IoT and AI with mobile cranes, reducing the running cost. Smart machines are capable of predictive maintenance through real-time monitoring.
Machines have become eco-friendly, therefore, builders design electric and hybrid mobile cranes according to the rising environmental mandates. Customers increasingly look forward to customized tool-use machines. The responses to these demands are modularity in design and multi-use machines that can be readily reconfigured to multiple loading uses. Standards in safety are getting modified as the regulations set for safety become more stringent.
Recently, manufacturers have used higher visibility integrated into machines, automated load handling of products, and sensors built into the loading units supposed to detect obstacles. Moreover, there are medium to long-range prospects for this market. As battery technology advances and charging infrastructure is improved, electric mobile cranes are anticipated to become more successful, especially in urban settings with stringent emissions standards. The growth of e-commerce emphasizes the demand for cranes that can efficiently support last-mile delivery, leading to innovations in small and maneuverable cranes. The evolution of autonomous vehicles will hit the mobile crane market, resulting in fully automated loading and solutions that assist these systems.
For instance, in December 2022, Austin Hardware &amp; Supply, Inc. launched a new ramp assist application named Safe Assist. The product renders heavy trailer ramp doors virtually weightless and eliminates the need for potentially dangerous cables and torsion springs.
<h2 style="text-align: justify;">Technological Advancements and Growing E-Commerce Sector is Expected to Fuel Market Growth</h2>
The advancement of technology, especially in automation and integration of IoT (Internet of Things) technologies, is one of the foremost reasons that propel the growth of the mobile crane market. With the advent of smart sensors, predictive maintenance systems and data analytics have increased operational efficiency, reduced downtime, and optimized resource allocation. These developments respond to the rising need for enhanced productivity levels in logistics and construction, which has led businesses to embrace new loading solutions designed for easy incorporation into established work processes.
Furthermore, the logistic service providers are expected to incorporate advanced and efficient mobile cranes for fast and easy loading and offloading, as well as the last-mile delivery. Hence, the infiltration of new loading systems to the market will end up increasing efficiency and movement of goods of all sizes and shapes, compelling the manufacturers to come up with flexible yet powerful machines to counter the availabilities of the market within the specified period.
For instance, in April 2024, Walmart Inc. introduced autonomous forklifts to four distribution centers. The Fox Robotics technology is being deployed in Florida, Texas, New York, and Alabama after a 16-month pilot period. A total of 19 autonomous forklifts were rolled out for these four distribution systems.
<h2 style="text-align: justify;">Efficient Mobile Loader with Enhanced Productivity Fuels Market Growth</h2>
The purpose of an automated mobile loading system is to optimize and mechanize the process of loading and unloading goods onto trucks. By combining robotics, sensors, and state-of-the-art technologies, these systems can drastically reduce loading and unloading times when compared to manual processes. This improves productivity and speed in logistics and transportation operations, allowing for increased cargo volumes. These systems improve how cars utilize their limited space, enabling them to carry freight more effectively. Better income per trip, higher operational efficiency, and higher production are some prominent cases. Robust infrastructure development in emerging economies is a critical driver for the growth of the mobile crane market.
As countries invest heavily in construction, mining, and logistics infrastructure, the demand for efficient cranes is expected to rise. This trend is particularly pronounced in regions experiencing urbanization and industrial expansion, where mobile cranes are essential for managing the increased volume of materials and facilitating operational efficiency in the construction and transportation sectors.
For instance, in September 2023, Jenco Industrial Corporation and Elesa S.p.A. collaborated and launched Vacuum loader range that utilizes its LED handles. Elesa S.p.A. LED handles come in a variety of suggestive colors and are designed to improve operational visibility. Green indicates run, blue indicates purge, and red indicates alarm in Jenco Industrial Corporation's scenario. It is anticipated that this integration will improve operational fluency and enable accurate statistic monitoring under various operating scenarios.
<h2 style="text-align: justify;">Higher Infrastructure Development and Diverse Applications to Fuel the Construction Segment</h2>
The construction segment is expected to dominate the share of the global mobile crane market. This is due to urbanization, infrastructure projects, and government investments. Consequently, there is a higher demand for effective loading solutions to control the flow of materials and the schedules of activities. It increases the need for mobile cranes. Mobile cranes are a core component in construction works and concrete tilt-up wall erection as they are used in site preparation, movement of materials, and transport of work equipment. The higher flexibility and properties make them appropriate for multiple processes and, thus, are important for contractors and construction companies. The mobile loading equipment equipped with high-level automation and real-time monitoring systems helps to minimize operational downtime, thus improving efficiency, which is why this segment is preferred. Construction equipment-based companies extend their cranes for better productivity.
For instance, in September 2024, New Holland Construction (CNH Industrial N. V.) launched a new C series backhoe loader named B80C. The loader&rsquo;s layout of controls has been revised for ease of use, with switches regrouped on the right-hand console while parking brakes are in a new position.
<h2 style="text-align: justify;">North America Dominates Mobile Crane Market Share</h2>
North America is expected to hold a major portion of the mobile crane market. The region has become a center of technological progress, especially in the automation and smart machines sector. North American manufacturers are currently integrating IoT and AI capabilities into cranes for modern purposes. It, in turn, attracts many businesses aiming to upgrade their fleets. The region is characterized by a robust industrial structure and a supportive environment, with active capital inflows in construction, mining, and transport logistics industries.
The swift growth of e-commerce in North America has created a high demand for effective loading and unloading mechanisms. Firms need multipurpose mobile loaders to facilitate logistics and enhance last-mile delivery prospects, thereby creating further demand in the market.
For instance, in June 2024, Amazon.com Inc. adopted autonomous forklifts to enhance the overall efficiency. Artificial intelligence (AI) and sophisticated sensors in forklifts maneuver through intricate warehouse setups to carry out operations, including material transportation, inventory control, and product loading and unloading.
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Future Market Scenario (2024 &ndash; 2031F)
<ul style="text-align: justify;">
<li>As environmental regulations tighten, there will be a significant shift towards electric and hybrid mobile cranes. Innovations in battery technology and charging infrastructure will facilitate this transition, which is likely to enable new eco-friendly machines.</li>
<li>The integration of automation and robotics is projected to enhance operational efficiency in the mobile crane market.</li>
<li>The use of data analytics and digital platforms for fleet management is anticipated to enable enhanced monitoring, predictive maintenance, and optimized logistics operations.</li>
</ul>
Report Scope
&ldquo;Mobile Crane Market Assessment, Opportunities and Forecast, 2017-2031F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global mobile crane market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Details
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Base Year of the Analysis
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2023
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Historical Period
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2017-2022
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Forecast Period
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2024-2031
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Projected Growth Rate
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CAGR of 6.05% between 2024 and 2031
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Revenue Forecast in 2031
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USD 26.75 billion
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Segments Covered
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Type, Load Capacity, Transmission, End-user Industry
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Regions Covered
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North America, Europe, South America, Asia-Pacific, Middle East and Africa
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Key Companies Profile
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Sany Heavy Industry Co., Ltd., Hitachi Construction Machinery Co Ltd, Caterpillar Inc., Larsen &amp; Toubro Limited, Metso Corporation Guangxi LiuGong Machinery Co., Ltd., FMH Conveyors International Limited, Action Construction Equipment Ltd., Xuzhou Construction Machinery Group Co., Ltd., QC Conveyors (Duravant LLC)
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report,&nbsp;global mobile crane market&nbsp;has been segmented into the following categories:&nbsp;
<ul style="text-align: justify;">
<li>By Type
<ul>
<li>Loading Ramps</li>
<li>Vacuum Loaders</li>
<li>Die Loaders</li>
<li>Forklifts</li>
<li>Conveyors</li>
</ul>
</li>
<li>By Load Capacity
<ul>
<li>Up to 2000 kg</li>
<li>2000 kg to 3000 kg</li>
<li>Above 3000 kg</li>
</ul>
</li>
<li>By Transmission
<ul>
<li>Manual</li>
<li>Automatic</li>
</ul>
</li>
<li>By End-user Industry
<ul>
<li>E-commerce</li>
<li>Construction</li>
<li>Mining</li>
<li>Agriculture</li>
<li>Manufacturing and Warehouse</li>
<li>Food and Beverages</li>
<li>Others</li>
</ul>
</li>
<li>By Region
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East and Africa</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Key players in the global mobile crane market are employing a range of strategic initiatives to maintain competitiveness and drive growth. Innovation and R&amp;D investment are paramount, with companies focusing on the development of advanced technologies such as automation, IoT integration, and eco-friendly solutions. Additionally, strategic partnerships and collaborations with tech firms and logistics providers enhance product offerings and expand market reach. Customization and modularity are emphasized to meet the specific needs of diverse industries, allowing for greater adaptability in applications.
Furthermore, a strong emphasis on after-sales service and customer support fosters loyalty and enhances customer satisfaction. Companies tend to launch products with specific properties that cater to a certain end-user industry.
For instance, in April 2024, Metso Corporation launched modular FIT and Foresight conveyors for quicker setup and higher productivity. From feasibility and design to execution, the standardized conveyor modules and premium components offer higher capacity and layout flexibility together with significant time and resource savings.
In May 2024, QC Conveyors (Duravant LLC) introduced the AS80 heavy-duty conveyor system. The company stated that the product is capable of moving heavy loads of up to 600 lbs (272.10 kg). The AS80 is suitable for a variety of applications, from robotics to automotive and more.
Key Players Operating in Global Mobile Crane Market are:
<ul style="text-align: justify;">
<li>Sany Heavy Industry Co., Ltd.</li>
<li>Hitachi Construction Machinery Co Ltd.</li>
<li>Caterpillar Inc.</li>
<li>Larsen &amp; Toubro Limited</li>
<li>Metso Corporation</li>
<li>Guangxi LiuGong Machinery Co. Ltd.</li>
<li>FMH Conveyors International Limited</li>
<li>Action Construction Equipment Ltd.</li>
<li>Xuzhou Construction Machinery Group Co., Ltd</li>
<li>QC Conveyors (Duravant LLC)</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul style="text-align: justify;">
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
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Global Mobile Crane Market Assessment, Opportunities and Forecast, 2017-2031F

The global mobile crane market is rapidly growing due to technological advancements, e-commerce demands, and automation, leading to increased efficiency, eco-friendly designs, and custom solutions for diverse loading needs.

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