Crawler Cranes Market Report 2025

The crawler cranes market size has grown strongly in recent years. It will grow from $3.86 billion in 2024 to $4.14 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. Growth in the historic period was driven by the rising use of crawler cranes in port handling and shipbuilding, the growing demand for precision lifting in modular construction projects, the replacement of outdated lifting equipment with advanced crane models, the increasing application of crawler cranes in dam and tunnel construction, and the rising preference for rental services due to their cost-effectiveness.

The crawler cranes market size is expected to see strong growth in the next few years. It will grow to $5.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. Growth in the forecast period is expected to be supported by the increasing focus on renewable energy infrastructure projects, rising demand for high-capacity cranes in offshore construction, expanding smart city initiatives that require advanced lifting solutions, growing need for efficient lifting in modular and prefabricated construction, and higher infrastructure investments through public-private partnerships in developing regions. Key trends anticipated during this period include advancements in hybrid and electric crawler crane technologies, the use of lightweight materials to improve crane mobility, integration of telematics and the Internet of Things (IoT) for real-time performance monitoring, progress in modular crane design for faster assembly and transport, and innovations in safety features and automation systems.

The increasing construction activities are expected to drive the growth of the crawler cranes market in the coming years. Construction activities involve building, repairing, or altering structures such as residential, commercial, and infrastructure projects. Rising urbanization is a key factor behind this growth, as the concentration of populations in cities is creating higher demand for housing, commercial spaces, and large infrastructure developments. Crawler cranes play a vital role in these projects by offering heavy-lifting capabilities and precise material placement, making them suitable for complex, large-scale operations. They also improve efficiency by moving heavy equipment and materials across challenging terrains, boosting overall productivity. For example, in April 2025, the United States Census Bureau reported that construction spending increased to $2.19 trillion in 2024, up from $2.07 trillion in 2023. This increase reflects how expanding construction activities are fueling demand for crawler cranes.

Companies in the crawler cranes market are introducing advanced products to improve efficiency and sustainability. A major development is the launch of electric telescopic crawler cranes, which combine extendable booms with electric power for energy-efficient, zero-emission lifting. In April 2024, Marchetti Autogru S.p.A., an Italy-based crane manufacturer, launched the CW25.35HY, a fully electric telescopic crawler crane. This model delivers a 25-tonne lifting capacity, compact design for superior transportability, and the ability to work in confined spaces and difficult terrains. Equipped with a 110-kW electric motor and 210 Ah batteries with a range extender, it provides up to eight hours of operation while maintaining quiet performance. Its advanced features allow it to operate effectively in diverse environments, including tunnels, workshops, and emission-restricted urban areas.

In July 2025, Tadano Ltd., a Japan-based crane manufacturing company, acquired IHI Transport Machinery Co. Ltd. for an undisclosed amount. This acquisition expands Tadano’s portfolio to include IHI’s crawler cranes and transportation system business, strengthening its global presence in heavy lifting solutions. By integrating IHI’s expertise, Tadano aims to enhance its capabilities in serving large-scale infrastructure projects worldwide.

Major players in the crawler cranes market are Liebherr International AG, Xuzhou Construction Machinery Group Co. Ltd., Hitachi Construction Machinery Co. Ltd., Sumitomo Heavy Industries Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd., Terex Corporation, LiuGong Machinery Co. Ltd., Palfinger AG, The Manitowoc Company Inc., Tadano Ltd., Kobelco Construction Machinery Co. Ltd., Sennebogen Maschinenfabrik GmbH, Nippon Sharyo Ltd., Kato Works Co. Ltd., Link-Belt Cranes L.P., Action Construction Equipment Ltd., Fuwa Heavy Industry Machinery Co. Ltd., Maeda Seisakusho Co. Ltd., Naugra Machines India, Furukawa UNIC Corporation.

North America was the largest region in the crawler cranes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in crawler cranes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the crawler cranes 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.

Crawler cranes are heavy-duty lifting machines mounted on crawler tracks, which provide stability and mobility on rough or uneven terrain. They are mainly used for lifting and transporting heavy materials and equipment in industrial and infrastructure projects. Thanks to their tracked design, they can operate in conditions where wheeled cranes face limitations, offering high load capacity and precise movement.

The primary types of crawler cranes include standard crawler cranes, telescopic crawler cranes, railway crawler cranes, and heavy lift crawler cranes. Standard crawler cranes are mounted on crawler tracks and equipped with either a lattice or telescopic boom, designed for heavy lifting and movement across challenging terrain without requiring outriggers. They are available in different lifting capacities, such as up to 100 tons, 101-250 tons, 251-500 tons, and above 500 tons, and can operate on diesel, electric, or hybrid fuel types. Key end users include construction and mining, oil and gas, transportation, utilities, manufacturing, and others.

The crawler cranes market research report is one of a series of new reports that provides crawler cranes market statistics, including the crawler cranes industry global market size, regional shares, competitors with the crawler cranes market share, detailed crawler cranes market segments, market trends, and opportunities, and any further data you may need to thrive in the crawler cranes industry. This crawler cranes 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 crawler cranes market consists of sales of mini crawler cranes, lattice boom crawler cranes, duty cycle crawler cranes, hydraulic boom crawler cranes, and all-terrain crawler 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.

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