Truck Mounted Crane Market 2025-2034

Truck Mounted Crane Market is valued at USD 9.7 billion in 2025. Further the market is expected to grow by a CAGR of 6.6% to reach global sales of USD 17.2 billion in 2034

The Truck Mounted Crane Market is a vital segment of the global construction, logistics, and infrastructure industries, providing versatile lifting solutions that combine mobility with heavy load-handling capabilities. Truck mounted cranes offer significant advantages, including rapid setup, flexible reach, and the ability to navigate urban and rugged terrains, making them indispensable for a wide range of industries such as construction, utilities, mining, oil and gas, and transportation. Growing investments in infrastructure development, urbanization projects, and renewable energy installations are fueling robust demand for these cranes across global markets.

Technological advancements such as the integration of telematics, hydraulic systems, and load management sensors are enhancing crane efficiency, safety, and operator control. Both developed and emerging economies are witnessing rising adoption of truck mounted cranes for applications requiring high operational flexibility and cost-effectiveness, positioning the market for strong, sustained growth in the coming years.

In 2024, the Truck Mounted Crane Market experienced notable innovation and expansion. Leading manufacturers introduced new models featuring lightweight materials, higher lifting capacities, improved energy efficiency, and advanced stability systems. Hybrid and electric truck mounted cranes gained traction, particularly in Europe and North America, driven by stringent emission regulations and the push for greener construction practices. Telematics-enabled cranes offering remote monitoring, maintenance scheduling, and real-time performance analytics saw increased adoption, improving fleet management and reducing downtime.

Infrastructure spending surged in major economies, especially in road, bridge, and smart city projects, directly boosting crane sales. Additionally, rental and leasing models expanded as contractors sought flexible, cost-effective solutions to meet fluctuating project demands. Despite supply chain disruptions and fluctuating steel prices, market growth remained resilient, supported by strong demand from sectors like utilities, renewable energy, and heavy industrial construction.

Looking forward to 2025 and beyond, the Truck Mounted Crane Market is expected to witness further evolution through automation, electrification, and sustainability-focused innovations. Autonomous crane operations, driven by AI and machine learning, will begin to reshape large-scale lifting projects, enhancing safety and productivity. Battery-electric and hybrid truck mounted cranes will see increased deployment as governments and corporations implement stricter carbon reduction goals. Expansion into emerging markets across Southeast Asia, Africa, and Latin America, fueled by ambitious infrastructure development plans, will offer significant growth opportunities for manufacturers.

Technological convergence with IoT, predictive maintenance platforms, and 5G connectivity will become standard for high-end models. However, manufacturers must navigate challenges including high capital costs, regulatory compliance complexities, and intensified competition from alternative lifting technologies such as crawler and all-terrain cranes to maintain competitive advantage in a dynamic global landscape.

Truck Mounted Crane Market Segmentation

By Type

• Hydraulic Cranes
• Telescopic Cranes
• Other Types

By Drive

• Mechanical
• Hydraulic

By Lifting Capacity

• 15 to 30 Ton
• 30 to 50 Ton
• Above 50 Ton

By End Use

• Commercial
• Infrastructure
• Other End Users

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Truck Mounted Crane Market Analytics

The research analyses various direct and indirect forces that can impact the Truck Mounted Crane market supply and demand conditions. The parent market, derived market, intermediaries’ market are analyzed to evaluate the full supply chain and possible alternatives and substitutes. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Truck Mounted Crane market projections.

Recent deals and developments are considered for their potential impact on Truck Mounted Crane's future business. Other metrics analyzed include Threat of New Entrants, Threat of Substitutes, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Truck Mounted Crane Market.

Truck Mounted Crane trade and price analysis helps comprehend Truck Mounted Crane's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Truck Mounted Crane price trends and patterns, and exploring new Truck Mounted Crane sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Truck Mounted Crane market.

Truck Mounted Crane Market Competitive Intelligence

The proprietary company's revenue and product analysis model unveils the Truck Mounted Crane market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Truck Mounted Crane products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Truck Mounted Crane market update to stay ahead of the competition.

Company offerings in different segments across Asia-Pacific, Europe, Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Truck Mounted Crane market. The competition analysis enables the user to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.

Your Takeaways From this Report

• Global Truck Mounted Crane market size and growth projections (CAGR), 2024- 2034
• Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Truck Mounted Crane.
• Truck Mounted Crane market size, share, and outlook across 5 regions and 27 countries, 2025- 2034.
• Truck Mounted Crane market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2025- 2034.
• Short and long-term Truck Mounted Crane market trends, drivers, restraints, and opportunities.
• Porter’s Five Forces analysis, Technological developments in the Truck Mounted Crane market, Truck Mounted Crane supply chain analysis.
• Truck Mounted Crane trade analysis, Truck Mounted Crane market price analysis, Truck Mounted Crane Value Chain Analysis.
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products.
• Latest Truck Mounted Crane market news and developments.

Region-level intelligence includes

• North America Truck Mounted Crane Market Size, Share, Growth Trends, CAGR Forecast to 2034
• Europe Truck Mounted Crane Market Size, Share, Growth Trends, CAGR Outlook to 2034
• Asia-Pacific Truck Mounted Crane Industry Data, Market Size, Competition, Opportunities, CAGR Forecast to 2034
• The Middle East and Africa Truck Mounted Crane Industry Data, Market Size, Competition, Opportunities, CAGR Forecast to 2034
• South and Central America Truck Mounted Crane IndustryIndustry Data, Market Size, Competition, Opportunities, CAGR Forecast to 2034

Truck Mounted Crane market regional insights present the most promising markets to invest in and emerging markets to expand to contemporary regulations to adhere to and players to partner with.

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