The global market for Articulating Knuckle Boom Cranes was estimated at US$1.3 Billion in 2024 and is projected to reach US$1.5 Billion by 2030, growing at a CAGR of 2.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Articulating Knuckle Boom Cranes market.
Articulating knuckle boom cranes have gained prominence in material handling across industries like construction, logistics, and marine due to their compact design, high payload capacity, and versatility. Unlike traditional cranes, these cranes feature a folding boom mechanism, allowing them to operate efficiently in confined spaces. Their ability to perform multiple operations, such as lifting, loading, and positioning, has made them indispensable in urban construction projects and warehouses. As urbanization drives the need for space-efficient equipment, these cranes are becoming a go-to solution for modern material handling challenges.
How Are Advanced Features Enhancing Crane Performance?
Technological innovations are revolutionizing articulating knuckle boom cranes, enhancing their safety, efficiency, and user experience. Features like advanced hydraulic systems, remote control operation, and load monitoring enhance precision and reduce manual effort. Additionally, the integration of telematics enables real-time performance tracking and predictive maintenance, minimizing downtime. Lightweight materials such as high-strength steel and aluminum are being used to improve payload-to-weight ratios, boosting overall efficiency. These advancements align with the growing demand for versatile and reliable equipment in diverse industries, ensuring widespread adoption.
Why Is Sustainability Driving Innovation in This Market?
Sustainability is becoming a major focus in the articulated crane market, prompting manufacturers to develop eco-friendly solutions. Hybrid and electric knuckle boom cranes are emerging as viable alternatives to diesel-powered models, reducing carbon emissions and operating costs. Compliance with stringent emission regulations in regions like Europe and North America is further accelerating the adoption of low-emission technologies. Additionally, efforts to improve recyclability and minimize resource consumption during manufacturing are reinforcing the market’s alignment with global sustainability goals.
What Drives the Growth of the Articulating Knuckle Boom Cranes Market?
The growth in the articulating knuckle boom cranes market is driven by increasing infrastructure development, industrialization, and urbanization. The expansion of the logistics and e-commerce sectors has further fueled demand for compact and efficient cranes. Consumer preference for safe and ergonomic equipment has led to the adoption of advanced features like remote operation and anti-collision systems. Rising investments in renewable energy projects, such as wind turbine installations, also boost demand for specialized cranes. Additionally, government initiatives for sustainable construction and smart city development are key contributors to market growth.
Segments: Mounting Type (Truck-Mounted Knuckle Boom Cranes, Stationary Knuckle Boom Cranes); Capacity (Below 10 Ton Capacity Cranes, 10 - 50 Ton Capacity Cranes, 50 - 100 Ton Capacity Cranes, Above 100 Ton Capacity Cranes)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Articulating Knuckle Boom Cranes Market - Key Trends & Drivers Summarized
Why Are Articulating Knuckle Boom Cranes Redefining Material Handling?Articulating knuckle boom cranes have gained prominence in material handling across industries like construction, logistics, and marine due to their compact design, high payload capacity, and versatility. Unlike traditional cranes, these cranes feature a folding boom mechanism, allowing them to operate efficiently in confined spaces. Their ability to perform multiple operations, such as lifting, loading, and positioning, has made them indispensable in urban construction projects and warehouses. As urbanization drives the need for space-efficient equipment, these cranes are becoming a go-to solution for modern material handling challenges.
How Are Advanced Features Enhancing Crane Performance?
Technological innovations are revolutionizing articulating knuckle boom cranes, enhancing their safety, efficiency, and user experience. Features like advanced hydraulic systems, remote control operation, and load monitoring enhance precision and reduce manual effort. Additionally, the integration of telematics enables real-time performance tracking and predictive maintenance, minimizing downtime. Lightweight materials such as high-strength steel and aluminum are being used to improve payload-to-weight ratios, boosting overall efficiency. These advancements align with the growing demand for versatile and reliable equipment in diverse industries, ensuring widespread adoption.
Why Is Sustainability Driving Innovation in This Market?
Sustainability is becoming a major focus in the articulated crane market, prompting manufacturers to develop eco-friendly solutions. Hybrid and electric knuckle boom cranes are emerging as viable alternatives to diesel-powered models, reducing carbon emissions and operating costs. Compliance with stringent emission regulations in regions like Europe and North America is further accelerating the adoption of low-emission technologies. Additionally, efforts to improve recyclability and minimize resource consumption during manufacturing are reinforcing the market’s alignment with global sustainability goals.
What Drives the Growth of the Articulating Knuckle Boom Cranes Market?
The growth in the articulating knuckle boom cranes market is driven by increasing infrastructure development, industrialization, and urbanization. The expansion of the logistics and e-commerce sectors has further fueled demand for compact and efficient cranes. Consumer preference for safe and ergonomic equipment has led to the adoption of advanced features like remote operation and anti-collision systems. Rising investments in renewable energy projects, such as wind turbine installations, also boost demand for specialized cranes. Additionally, government initiatives for sustainable construction and smart city development are key contributors to market growth.
Report Scope
The report analyzes the Articulating Knuckle Boom Cranes market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Mounting Type (Truck-Mounted Knuckle Boom Cranes, Stationary Knuckle Boom Cranes); Capacity (Below 10 Ton Capacity Cranes, 10 - 50 Ton Capacity Cranes, 50 - 100 Ton Capacity Cranes, Above 100 Ton Capacity Cranes)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Truck-Mounted Knuckle Boom Cranes segment, which is expected to reach US$847.4 Million by 2030 with a CAGR of a 3.4%. The Stationary Knuckle Boom Cranes segment is also set to grow at 1.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $354.6 Million in 2024, and China, forecasted to grow at an impressive 5.3% CAGR to reach $297.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Articulating Knuckle Boom Cranes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Articulating Knuckle Boom Cranes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Articulating Knuckle Boom Cranes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as CPS Group (COPMA), Fassi Gru S.p.A., Heila Cranes, Hiab USA, a part of Cargotec, Hubei Best Crane Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 34 Featured):
- CPS Group (COPMA)
- Fassi Gru S.p.A.
- Heila Cranes
- Hiab USA, a part of Cargotec
- Hubei Best Crane Co., Ltd.
- Huisman Equipment B.V.
- Hyva Holding B.V.
- Iowa Mold Tooling Co., Inc. (IMT)
- JOMAC Ltd.
- Kenz Figee Group B.V.
- MKG Maschinen- und Kranvertrieb GmbH
- Mtandt Group
- PALFINGER AG
- Sany Group Co., Ltd.
- Tadano Ltd.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CPS Group (COPMA)
- Fassi Gru S.p.A.
- Heila Cranes
- Hiab USA, a part of Cargotec
- Hubei Best Crane Co., Ltd.
- Huisman Equipment B.V.
- Hyva Holding B.V.
- Iowa Mold Tooling Co., Inc. (IMT)
- JOMAC Ltd.
- Kenz Figee Group B.V.
- MKG Maschinen- und Kranvertrieb GmbH
- Mtandt Group
- PALFINGER AG
- Sany Group Co., Ltd.
- Tadano Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 271 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 1.5 Billion |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
