Press release
Truck Mounted Crane Global Market Report 2025: Growth Opportunities, Trends, and Market Size
Key public infrastructure projects boost the truck mounted crane market that is poised to grow at a CAGR of 5.6% by 2025.What Is The Projected Market Size Of The Truck Mounted Crane Global Market Report 2025 And Its Growth Rate?
- The truck mounted crane market size, which has seen strong growth in recent years, is projected to increase from $7.39 billion in 2024 to $7.8 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%.
- The positive growth can be attributed to factors such as construction and infrastructure development, the expansion of logistics and transportation, ongoing renewable energy projects, and oil and gas exploration activities.
- By 2029, its value is projected to grow to $10.19 billion at a compound annual growth rate (CAGR) of 6.9%, driven by investment in public projects, customization for specific applications, the focus on ergonomics and operator comfort, integration with fleet management systems, and global expansion.
What Is Driving The Growth In The Truck Mounted Crane Global Market Report 2025?
The Truck Mounted Cranes market growth is driven by the rising construction of public infrastructure. Facilities and structures developed for the general public, including roads and others, are referred to as public infrastructure. Truck-mounted cranes are used in urban infrastructure development due to their flexibility in transporting raw materials and building blocks in congested areas. For example, according to a report published by the Infrastructure and Projects Authority, there are currently 660 projects requiring $204 billion in investment before 2024/25. In the next decade, a projected $850-$950 billion in investments is anticipated, with $78 billion projected for developments using Modern Methods of Construction (MMC).
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Who Are The Key Players Driving Truck Mounted Crane Global Market Report 2025 Growth?
- Liebherr Group
- Xuzhou Construction Machinery Group Co Ltd.
- Kawasaki Heavy Industries Ltd.
- Sany Heavy Industry Co Ltd
- Zoomlion Heavy Industry Science & Technology Co Ltd
- F.lli Ferrari S.p.A.
- Liugong Machinery Co Ltd
- Altec Inc
- Palfinger AG
- Tadano Ltd
- KOBELCO Construction Machinery Co Ltd
- Hyva Global B.V.
- Kato Works Co Ltd
- Sims Crane & Equipment Co
What Are The Key Trends In The Truck Mounted Crane Global Market Report 2025?
- Truck mounted crane manufacturers are focusing on customization for specific applications.
- Increased focus on ergonomics and operator comfort in product design.
- Integration with fleet management systems for increased operational efficiency.
- Use of rental and leasing services to facilitate equipment accessibility.
- Expansion into global markets for wider market reach.
What Are The Segments Of The Global Truck Mounted Crane Global Market Report 2025?
1) By Type: Articulating Cranes, Hydraulic Cranes, Telescopic Cranes, Other Types
2) By Drive: Electrical, Mechanical, Hydraulic
3) By Lifting Capacity: Below 15 Ton, 15 To 30 Ton, 30 To 50 Ton, Above 50 Ton
4) By End-Use: Industrial, Commercial, Infrastructure, Other End Users
Which Region Leads The Truck Mounted Crane Global Market Report 2025?
Asia-Pacific was the largest region in the truck mounted crane market in 2024. Forecast projections indicate that Asia-Pacific will be the fastest-growing region in the global truck mounted crane market throughout the forecast period.
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What Is Covered In The Truck Mounted Crane Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Truck Mounted Crane Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Truck Mounted Crane Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Truck Mounted Crane Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Truck Mounted Crane Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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