Truck Mounted Crane Market Report 2026

The truck mounted crane market size has grown strongly in recent years. It will grow from $7.72 billion in 2025 to $8.15 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growth of construction and infrastructure projects, expansion of logistics and utility services, increasing use of mobile lifting solutions, availability of hydraulic lifting technologies, rising urban development activities.

The truck mounted crane market size is expected to see strong growth in the next few years. It will grow to $10.37 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investments in smart construction equipment, rising adoption of electric and hybrid cranes, expansion of renewable energy infrastructure, growing demand for efficient material handling, increasing focus on automation in lifting operations. Major trends in the forecast period include increasing adoption of multi-functional lifting equipment, rising demand for high-capacity mobile cranes, growing integration of telematics and load monitoring, expansion of infrastructure development projects, enhanced focus on operational safety.

The rising construction of public infrastructure is expected to drive the growth of the truck mounted cranes market. Public infrastructure includes facilities and structures developed for general public use, such as roads, flyovers, and public buildings. Truck mounted cranes are widely employed in urban infrastructure projects due to their ability to transport materials efficiently in limited and congested spaces. For instance, in February 2024, the UK Infrastructure and Projects Authority reported 660 projects and programs in both public and private sectors, with planned investments of approximately $204 billion up to 2024/25 and estimated $850-950 billion over the next decade. Around $78 billion of these investments will involve Modern Methods of Construction (MMC) in the next two years. Therefore, the expansion of public infrastructure is boosting the truck mounted cranes market.

Major companies in the truck mounted cranes market are introducing innovative technologies to enhance operational efficiency, safety, and environmental sustainability. For example, in March 2024, Hiab, a Sweden-based provider of intelligent load-handling solutions, launched the HIAB wspr, a next-generation electric hybrid crane. This crane features a dual power source, operating on both the truck engine and a separate electric power take-off (ePTO), making it ideal for low- or zero-emission zones. The HIAB wspr comes in three variants: a standard model for 1-2 days of operation per charge, a light-duty model with an integrated battery pack for drop-off tasks, and a heavy-duty model for extended working hours mounted directly on the truck chassis.

In September 2024, Tadano Ltd., a Japan-based crane manufacturer, acquired Manitex International Inc. for $223 million. This acquisition enables Tadano Ltd. to expand its global truck loader crane and aerial platform portfolio. Manitex International Inc., a US-based company, manufactures truck cranes, boom trucks, knuckle boom cranes, mobile elevating work platforms, and specialized lifting solutions.

Major companies operating in the truck mounted crane market report include Liebherr Group, Xuzhou Construction Machinery Group Co. Ltd., Sany Heavy Industry Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., F.lli Ferrari S.p.A., Terex Corporation, Liugong Machinery Co. Ltd., Altec Inc., Palfinger AG, Tadano Ltd., KOBELCO Construction Machinery Co. Ltd., Hyva Global B.V., Kato Works Co. Ltd., Action Construction Equipment Ltd., Manitex International Inc., HMF Group, Iowa Mold Tooling, Hidrokon, Effer S.p.A., Elliott Equipment Company, TIL Limited, Böcker Maschinenwerke GmbH, Furukawa UNIC Corporation, Liaoning Fuwa Heavy Industry Machinery Co. Ltd., Hydrauliska Industri AB, Fassi Gru S.p.A., Cormach S.r.l., Altec Industries Inc., Amco Veba, UNIC Cranes Europe, Liftmoore Inc., KenzFigee.

Asia-Pacific was the largest region in the truck mounted crane market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global truck mounted crane market during the forecast period. The regions covered in the truck mounted crane market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the truck mounted crane market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The truck mounted crane market consists of sales of mobile cranes, all-terrain cranes, and telescopic handler cranes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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