The global market for Crane Aftermarket was estimated at US$7.6 Billion in 2024 and is projected to reach US$10.2 Billion by 2030, growing at a CAGR of 4.9% 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 Crane Aftermarket market.
Segments: Type (Replacement Parts, Service); Application (Mobile Crane Application, Fixed Crane Application)
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 Crane Aftermarket - Key Trends & Drivers Summarized
Why Is the Crane Aftermarket Booming? Examining the Demand for Equipment Upgrades & Maintenance
The global crane aftermarket has experienced substantial growth, driven by the increasing need for equipment maintenance, part replacements, and performance upgrades across various industries. Cranes play a vital role in construction, manufacturing, shipping, and energy sectors, making aftermarket services essential for ensuring operational efficiency and equipment longevity. As infrastructure projects expand worldwide, particularly in developing economies, the demand for crane refurbishment, retrofitting, and component upgrades has surged. Additionally, companies are increasingly opting for cost-effective maintenance solutions rather than purchasing new cranes, further fueling the growth of the aftermarket sector. The rising trend of automation and IoT-based monitoring systems has enabled predictive maintenance, reducing downtime and optimizing performance. With an aging fleet of cranes in operation across industries, the need for high-quality replacement parts, hydraulic systems, and electronic control modules has become more critical than ever.Which Crane Components Are Leading the Aftermarket? A Deep Dive into Key Segments
The crane aftermarket encompasses a wide range of components, each essential for maintaining optimal equipment performance and safety. Hydraulic systems, including pumps, cylinders, and valves, remain a dominant segment, as they play a crucial role in lifting and movement operations. Mechanical parts such as wire ropes, gears, and bearings are also in high demand due to regular wear and tear in heavy-duty applications. Additionally, the increasing focus on energy efficiency has led to a surge in demand for electric motors, battery packs, and regenerative braking systems in cranes. The market has also witnessed a rising demand for electronic control units (ECUs) and telematics systems that enable real-time monitoring of crane performance, reducing the risk of unexpected failures. The shift towards eco-friendly cranes powered by electric and hybrid systems has further influenced aftermarket trends, with companies investing in retrofitting older cranes with greener technologies.How Is Technology Transforming the Crane Aftermarket? The Role of Automation & IoT-Based Maintenance
The crane aftermarket is evolving with the adoption of cutting-edge technologies, including automation, IoT-based diagnostics, and AI-driven predictive maintenance. Smart sensors integrated into cranes now enable remote monitoring of hydraulic pressure, temperature, and load stress, allowing operators to detect potential issues before they escalate into costly breakdowns. The rise of digital twin technology has further enhanced crane performance optimization, allowing fleet operators to simulate real-world conditions and preemptively schedule maintenance tasks. Additionally, advancements in 3D printing have revolutionized spare part manufacturing, enabling rapid production of customized components, reducing lead times, and minimizing supply chain disruptions. The increasing use of AI-powered maintenance management software has allowed companies to streamline service schedules, track equipment performance trends, and optimize inventory management. Furthermore, sustainability initiatives have led to innovations in eco-friendly hydraulic fluids, biodegradable lubricants, and energy-efficient crane control systems.What’s Fueling the Growth of the Crane Aftermarket? Key Market Influencers Explained
The growth in the global crane aftermarket is driven by several factors, including rising infrastructure development, increasing automation in material handling, and the expansion of predictive maintenance solutions. The demand for refurbished and retrofitted cranes has surged, particularly in regions with high construction activity and industrial expansion. Additionally, the growing adoption of electric and hybrid cranes has necessitated specialized aftermarket services, including battery replacements and software upgrades. The expansion of the logistics and port handling industry has further propelled the demand for aftermarket crane services, ensuring uninterrupted cargo movement. Moreover, stringent safety regulations have mandated frequent inspections and certifications, contributing to increased demand for aftermarket components and services. The rise of e-commerce and digital platforms has also improved the accessibility of aftermarket parts, enabling crane operators to source components more efficiently. With continuous advancements in automation, telematics, and sustainable crane technologies, the global crane aftermarket is poised for sustained growth, offering enhanced equipment performance and extended operational lifespan.Report Scope
The report analyzes the Crane Aftermarket market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Type (Replacement Parts, Service); Application (Mobile Crane Application, Fixed Crane Application)
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 Replacement Parts segment, which is expected to reach US$6.7 Billion by 2030 with a CAGR of a 5.8%. The Service segment is also set to grow at 3.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.1 Billion in 2024, and China, forecasted to grow at an impressive 9.0% CAGR to reach $2.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Crane Aftermarket Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Crane Aftermarket Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Crane Aftermarket Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 Arabian Machinery & Heavy Equipment Co. (AMHEC), Auto Crane, Crane1, CRB Crane & Service, Demag Cranes & Components GmbH and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 41 Featured):
- Arabian Machinery & Heavy Equipment Co. (AMHEC)
- Auto Crane
- Crane1
- CRB Crane & Service
- Demag Cranes & Components GmbH
- Gantrex Group
- Konecranes
- Liebherr Group
- Manitowoc Cranes
- Omega Morgan
- Palfinger AG
- Sany Group
- Sarens
- Star Crane and Hoist (Lift Solutions Holdings)
- Tadano Ltd.
- Terex Corporation
- U.S. Crane, Inc.
- Uni-Systems Engineering, Inc.
- XCMG Group
- Zoomlion Heavy Industry Science & Technology Co., 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:
- Arabian Machinery & Heavy Equipment Co. (AMHEC)
- Auto Crane
- Crane1
- CRB Crane & Service
- Demag Cranes & Components GmbH
- Gantrex Group
- Konecranes
- Liebherr Group
- Manitowoc Cranes
- Omega Morgan
- Palfinger AG
- Sany Group
- Sarens
- Star Crane and Hoist (Lift Solutions Holdings)
- Tadano Ltd.
- Terex Corporation
- U.S. Crane, Inc.
- Uni-Systems Engineering, Inc.
- XCMG Group
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 7.6 Billion |
| Forecasted Market Value ( USD | $ 10.2 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
