"The global Truck Mounted Crane Market was valued at USD 9.7 billion in 2025 and is projected to reach USD 17.2 billion by 2034, growing at a CAGR of 6.6%."
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
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The truck mounted cranes market is witnessing strong demand due to rising construction activities worldwide, driven by urban expansion and infrastructure projects such as roads, bridges, and commercial complexes. Their ability to offer both mobility and lifting solutions in a single unit makes them highly cost-effective for contractors and project developers.
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The integration of advanced hydraulic systems in truck mounted cranes is enhancing load handling efficiency, stability, and precision. This has made them more reliable for complex lifting operations across sectors like oil & gas, utilities, and mining, where safety and accuracy are critical.
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A significant trend in the market is the adoption of telematics and smart monitoring systems. These technologies enable real-time tracking, predictive maintenance, and enhanced operator control, reducing downtime while improving the overall lifecycle performance of cranes in diverse working conditions.
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Rising emphasis on fuel efficiency and sustainability has led to the development of hybrid and electric truck mounted cranes. These innovations are gaining traction in regions with strict emission norms, particularly in Europe, while also appealing to companies looking to reduce operating costs.
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Asia Pacific remains the largest and fastest-growing market for truck mounted cranes due to massive infrastructure spending in China, India, and Southeast Asia. Growing industrialization, rapid urbanization, and expansion of road networks are fueling continuous demand for these cranes in the region.
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North America is experiencing steady growth supported by renovation and redevelopment projects in commercial and residential sectors. Increasing investments in oil & gas exploration and utility infrastructure are also boosting the requirement for versatile and durable truck mounted lifting equipment.
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European demand is shaped by stringent safety and emission regulations, which are pushing manufacturers to innovate with lightweight designs, improved control systems, and eco-friendly crane models. This has led to the wider adoption of advanced truck mounted cranes in industries like logistics and construction.
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The mining and energy industries are significantly contributing to market expansion as they rely heavily on truck mounted cranes for transporting heavy loads, installing machinery, and maintaining equipment. Their adaptability in remote and rugged terrains enhances productivity in such high-demand sectors.
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Rental services are playing a major role in driving market growth, as many construction and logistics companies prefer hiring truck mounted cranes to reduce capital expenditure. This trend is particularly strong in emerging economies where small and mid-sized firms opt for rental solutions.
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Key manufacturers are focusing on research and development to introduce user-friendly and technologically advanced models that ensure higher safety and efficiency. Collaboration with technology providers and emphasis on global distribution networks are further strengthening their competitive edge in the market.
North America Truck Mounted Cranes Market
Market dynamics are shaped by sustained infrastructure rehabilitation, energy and utilities maintenance, and tight labor markets that favor equipment with faster setup and multi-task capability. Lucrative opportunities exist in mid- to high-tonnage cranes for bridge rehab and wind service, compact highway-legal units for urban infill projects, and rental fleet upgrades focused on uptime and safety features. Latest trends include factory telematics with predictive maintenance, advanced stability control and load moment indicators, hybrid PTO/electric auxiliary drives for low-emission worksites, and operator aids such as auto-levelling and boom tip cameras. The forecast points to steady replacement cycles and fleet expansion as public funding programs flow into transportation and grid hardening. Recent developments feature dealer consolidation to improve service coverage, add-on digital packages that integrate crane data with contractor ERPs, and retrofits of legacy units with remote diagnostics to extend service life while meeting contemporary jobsite requirements.
Asia Pacific Truck Mounted Cranes Market
Rapid urbanization, industrial park build-outs, and logistics corridor projects define market dynamics across a wide spectrum of duty classes and chassis platforms. Lucrative opportunities concentrate in high-mobility, medium-capacity cranes for mixed civil works, lightweight models optimized for axle limits in dense cities, and value-engineered units for emerging contractors and rental houses. Latest trends include localization of boom and hydraulic components, standardization around quick-deploy outriggers to cut cycle times, telematics adapted to variable connectivity, and growing interest in alternative fuels where municipal rules incentivize low emissions. The forecast indicates outperformance relative to other regions as public works pipelines and private warehousing continue to expand. Recent developments span OEM–chassis maker partnerships to shorten lead times, financing programs tailored for SMEs, and regional training hubs that certify operators and technicians, accelerating safe adoption and reducing total cost of ownership in high-utilization fleets.
Europe Truck Mounted Cranes Market
Europe’s market is driven by strict safety and environmental regulations, renovation of aging building stock, and cross-border logistics that require road-legal, weight-optimized equipment. Lucrative opportunities include lightweight high-strength steel booms for higher payload margin, electrified or hybrid power modules for low-emission zones, and specialized attachments for façade, telecom, and utility applications. Latest trends emphasize noise and emission reduction for city work, advanced human-machine interfaces with semi-autonomous setup, geo-fencing and e-logbook compliance, and lifecycle services anchored in condition monitoring. The forecast suggests stable, premium growth as contractors prioritize productivity per axle and rental providers differentiate with safety tech and digital utilization reporting. Recent developments include OEM investments in modular platforms to speed customization, broader availability of recyclable hydraulic fluids and biodegradable oils, and collaboration with bodybuilders to deliver turnkey crane-truck packages that meet regional road and jobsite standards.
Market Scope
| Parameter | Detail |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2032 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Type, By Drive, By Lifting Capacity, By End Use |
| Countries Covered | North America (USA, Canada, Mexico) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Data file |
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)
Top Companies Analysed
Tadano Ltd.
Sany Group
Elliott Equipment Company
The Manitowoc Company
Liebherr Group
Terex Corporation
Altec Industries
Kato Works Co. Ltd.
Bocker Maschinenwerke
Hidrokon Ltd.
Recent Developments
- March 2025 – Manitowoc unveiled a new lineup of cost-effective Grove truck mounted cranes—including the TMC 550, TMC 250, and TMC 750—tailored for customers in the Middle East, Africa, and CIS to enhance mobility and affordability.
- March 2025 – IMT (Iowa Mold Tooling Co.) introduced two new telescopic crane models, the 3300e-18 and 8600-32, designed for production in 2026; the models prioritize reach, load capacity, ease of maintenance, and streamlined parts compatibility.
- April 2025 – At Bauma, Böcker highlighted a range of truck and trailer mounted cranes powered by internal combustion, hybrid, and full-electric systems, alongside Palfinger launching the all-new PK 880 TEC loader crane with Connected plus+ technology and enhanced precision.
- April 2025 – Crane Service Company, Inc. expanded its fleet at Bauma by acquiring Liebherr’s LTM 1300-6.2 and LTM 1650-8.1 mobile cranes, bolstering its heavy-lift capabilities for upcoming infrastructure projects in the US Mid-Atlantic region.
- December 2024 – Jekko launched its first fully-electric knuckle boom crawler crane, the JF235CL, offering emission-free operation and extended autonomy—ideal for indoor and noise-sensitive environments.
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FAQ's
The Global Truck Mounted Crane Market is estimated to generate USD 9.7 billion in revenue in 2025.
The Global Truck Mounted Crane Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.55% during the forecast period from 2025 to 2034.
The Truck Mounted Crane Market is estimated to reach USD 17.2 billion by 2034.
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