Wheeled Crane Market Report 2025

The wheeled crane market size has grown strongly in recent years. It will grow from $16.03 billion in 2024 to $17.14 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. Growth in the historic period was driven by rising demand for wheeled cranes in railway and metro infrastructure projects, expanding construction activities in remote and hard-to-access locations, increased use of wheeled cranes for wind turbine installation and maintenance, growing need for equipment modernization in aging industrial facilities, and higher deployment of wheeled cranes in military and defense logistics.

The wheeled crane market size is expected to see strong growth in the next few years. It will grow to $22.11 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. Growth in the forecast period is expected to be driven by rising demand for advanced lifting equipment in infrastructure expansion, increasing adoption of automation and smart control systems in cranes, growing investments in renewable energy projects requiring heavy lifting, higher preference for mobile cranes in urban construction, and increasing demand for efficient logistics and port handling solutions. Key trends anticipated during this period include advancements in crane automation and control technologies, innovation in eco-friendly and electric wheeled crane models, integration of telematics and GPS tracking systems, development of modular crane designs for multi-purpose use, and innovations in load management and safety systems.

The rising demand for construction activities is driving the growth of the wheeled crane market. Urbanization and increasing infrastructure development are boosting construction projects, creating higher demand for versatile lifting solutions. Wheeled cranes support these activities by enabling mobile, precise, and efficient heavy lifting, reducing manual labor, and improving overall project productivity. For instance, in April 2025, the United States Census Bureau reported that construction spending reached $2.19 trillion in 2024, up from $2.07 trillion in 2023, reflecting growing construction activity and demand for efficient lifting equipment.

Companies in the wheeled crane market are focusing on advanced systems to enhance operational safety and efficiency. Products such as 6-axle cranes provide higher load capacity, stability, and maneuverability for complex construction projects. For example, in June 2024, Liebherr-International AG, a Germany-based crane manufacturer, launched the LTM 1400-6.1, a 6-axle crane featuring a 70-meter telescopic boom, VarioBallast for adjustable counterweight radius, VarioBase for flexible support positioning, and advanced driver assistance systems for real-time load monitoring and improved safety.

In January 2025, Tadano Ltd., a Japan-based crane manufacturer, acquired Manitex International to strengthen its presence in the US wheeled crane market. This acquisition expands Tadano’s portfolio of mobile lifting solutions and enhances its capabilities in delivering versatile and efficient cranes for construction and industrial applications.

Major players in the wheeled crane market are Liebherr International AG, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Terex Corporation, Konecranes plc, Palfinger AG, The Manitowoc Company Inc., Tadano Ltd., SANY Group Co. Ltd., Altec Industries Inc., Kato Works Co. Ltd., Link-Belt Cranes L.P., Action Construction Equipment Ltd., Broderson Manufacturing Corp., Böcker Maschinenwerke GmbH, Elliott Equipment Company, Kobelco Construction Machinery Co. Ltd., Yutong Heavy Industries Co., Ltd., Furukawa Unic Corporation, Shandong Wolwa Industrial Limited Company.

Asia-Pacific was the largest region in the wheeled crane market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in wheeled crane report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wheeled crane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

A wheeled crane is a type of mobile crane mounted on a wheeled chassis, designed for improved mobility on paved roads and stable terrain, allowing efficient transport and rapid setup for lifting operations. These cranes are widely used and feature telescopic or lattice booms to accommodate various lifting capacities and operational reaches.

The main types of wheeled cranes include cross-country cranes and all-road cranes. A cross-country crane is a mobile crane engineered to travel and operate on diverse terrains, including rough or uneven ground, enabling lifting tasks in remote or off-road locations. They are available in different load capacities, such as light duty (up to 10 tons), medium duty (10-50 tons), heavy duty (50-100 tons), and very heavy duty (above 100 tons), with various propulsion options including engine-powered, electric-powered, and hybrid-powered. Applications span construction, manufacturing, shipping and logistics, utilities and energy, and mining, with key end-user industries including infrastructure, oil and gas, aerospace, telecommunications, and construction equipment rental.

The wheeled crane market research report is one of a series of new reports that provides wheeled crane market statistics, including the wheeled crane industry global market size, regional shares, competitors with the wheeled crane market share, detailed wheeled crane market segments, market trends, and opportunities, and any further data you may need to thrive in the wheeled crane industry. This wheeled crane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The wheeled crane market consists of sales of telescopic wheeled cranes, compact city wheeled cranes, mobile tower cranes, lattice boom wheeled cranes, and hydraulic wheeled 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.

This product will be delivered within 3-5 business days.