Crawler Cranes Market Report 2026

The crawler cranes market size has grown strongly in recent years. It will grow from $4.14 billion in 2025 to $4.43 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to growth of construction activities, expansion of mining operations, demand for heavy lifting equipment, industrial project development, infrastructure modernization.

The crawler cranes market size is expected to see strong growth in the next few years. It will grow to $5.73 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increase in renewable energy installations, growth of mega infrastructure projects, demand for low emission equipment, expansion of transport infrastructure, adoption of advanced crane control systems. Major trends in the forecast period include increasing use in large scale infrastructure projects, growing demand for high lifting capacity cranes, expansion of crawler cranes in renewable energy projects, adoption of hybrid and electric crane models, rising preference for stable heavy load handling.

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 companies operating 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 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crawler cranes market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the crawler cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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