Truck Mounted Crane: Market Share, and Growth Analysis by Type (Articulating Cranes, Hydraulic Cranes, Telescopic Cranes, Other Types), Drive, Lifting Capacity, End Use

The Truck Mounted Crane Market size is valued at USD 9.2 billion in 2025 and is projected to reach USD 14.9 billion by 2033, registering a compound annual growth rate (CAGR) of 6.24% over the forecast period.

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.

Key Insights: Truck Mounted Crane Market

Truck Mounted Crane Market Segmentation

By Type:

• Articulating Cranes
• Hydraulic Cranes
• Telescopic Cranes
• Other Types

By Drive:

• Electrical
• Mechanical
• Hydraulic

By Lifting Capacity:

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

By End Use:

• Industrial
• 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 Size Data, Trends, Growth Opportunities, and Restraining Factors:

• This comprehensive Truck Mounted Crane market report delivers updated market size estimates from 2024 to 2034, offering in-depth analysis of the latest Truck Mounted Crane market trends, short-term and long-term growth drivers, competitive landscape, and new business opportunities. The report presents growth forecasts across key Truck Mounted Crane types, applications, and major segments, alongside detailed insights into the current Truck Mounted Crane market scenario to support companies in formulating effective market strategies.
• The Truck Mounted Crane market outlook thoroughly examines the impact of ongoing supply chain disruptions and geopolitical issues worldwide. Factors such as trade tariffs, regulatory restrictions, production losses, and the emergence of alternatives or substitutes are carefully considered in the Truck Mounted Crane market size projections. Additionally, the analysis highlights the effects of inflation and correlates past economic downturns with current Truck Mounted Crane market trends, providing actionable intelligence for stakeholders to navigate the evolving Truck Mounted Crane business environment with precision.

Truck Mounted Crane Market Competition, Intelligence, Key Players, and Winning Strategies to 2034:

• The 2025 Truck Mounted Crane Market Research Report identifies winning strategies for companies to register increased sales and improve market share.
• Opinions from senior executives from leading companies in the Truck Mounted Crane market are imbibed thoroughly and the Truck Mounted Crane industry expert predictions on the economic downturn, technological advancements in the Truck Mounted Crane market, and customized strategies specific to a product and geography are mentioned.
• The Truck Mounted Crane market report is a source of comprehensive data and analysis of the industry, helping businesses to make informed decisions and stay ahead of the competition. The Truck Mounted Crane market study assists investors in analyzing On Truck Mounted Crane business prospects by region, key countries, and top companies' information to channel their investments.
• The report provides insights into consumer behavior and preferences, including their buying patterns, brand loyalty, and factors influencing their purchasing decisions. It also includes an analysis of the regulatory environment and its impact on the Truck Mounted Crane industry. Shifting consumer demand despite declining GDP and burgeoning interest rates to control surging inflation is well detailed.

What's Included in the Report?

• Global Truck Mounted Crane market size and growth projections, 2024-2034
• North America Truck Mounted Crane market size and growth forecasts, 2024-2034 (United States, Canada, Mexico)
• Europe market size and growth forecasts, 2024-2034 (Germany, France, United Kingdom, Italy, Spain)
• Asia-Pacific Truck Mounted Crane market size and growth forecasts, 2024-2034 (China, India, Japan, South Korea, Australia)
• Middle East Africa Truck Mounted Crane market size and growth estimate, 2024-2034 (Middle East, Africa)
• South and Central America Truck Mounted Crane market size and growth outlook, 2024-2034 (Brazil, Argentina, Chile)
• Truck Mounted Crane market size, share and CAGR of key products, applications, and other verticals, 2024-2034
• Short- and long-term Truck Mounted Crane market trends, drivers, challenges, and opportunities
• Truck Mounted Crane market insights, Porter’s Five Forces analysis
• Profiles of 5 leading companies in the industry - overview, key strategies, financials, product portfolio and SWOT analysis
• Latest market news and developments

Key Questions Answered in This Report:

• What is the current Truck Mounted Crane market size at global, regional, and country levels?
• What is the market penetration of different types, Applications, processes/technologies, and distribution/sales channels of the Truck Mounted Crane market?
• What will be the impact of economic slowdown/recission on Truck Mounted Crane demand/sales?
• How has the global Truck Mounted Crane market evolved in past years and what will be the future trajectory?
• What is the impact of growing inflation, Russia-Ukraine war on the Truck Mounted Crane market forecast?
• What are the Supply chain challenges for Truck Mounted Crane?
• What are the potential regional Truck Mounted Crane markets to invest in?
• What is the product evolution and high-performing products to focus in the Truck Mounted Crane market?
• What are the key driving factors and opportunities in the industry?
• Who are the key players in Truck Mounted Crane market and what is the degree of competition/Truck Mounted Crane market share?
• What is the market structure /Truck Mounted Crane Market competitive Intelligence?

Available Customizations:

The standard syndicate report is designed to serve the common interests of Truck Mounted Crane Market players across the value chain, and include selective data and analysis from entire research findings as per the scope and price of the publication.

However, to precisely match the specific research requirements of individual clients, several customization options are offered to include the data and analysis of interest in the final deliverable.

Some of the customization requests are as mentioned below:

• Segmentation of choice - Clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
• Truck Mounted Crane Pricing and Margins Across the Supply Chain, Truck Mounted Crane Price Analysis / International Trade Data / Import-Export Analysis.
• Supply Chain Analysis, Supply-Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Truck Mounted Crane market analytics.
• Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations.
• Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
• Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.

Additional support:

• All the data presented in tables and charts of the report is provided in a separate Excel document
• Print authentication allowed on purchase of online versions
• 10% free customization to include any specific data/analysis to match the requirement
• 7 days of analyst support

This product will be delivered within 1-3 business days.