Electric Truck-mounted Cranes Market : CAGR of 4.5%, Innovations and Future Outlook by 2031

NEW YORK, (UNITED STATES) - QY Research announces the release of 2025 latest report "Electric Truck-mounted Cranes Market". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Electric Truck-mounted Cranes market, including market size, share, demand, industry development status, and forecasts for the next few years.

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The global Electric Truck-mounted Cranes market size was US$ 825 million in 2024 and is forecast to a readjusted size of US$ 1123 million by 2031 with a CAGR of 4.5% during the forecast period 2025-2031.

Electric Truck-mounted Cranes Market Overview -

The purpose of this study report is to support industry experts in the global Electric Truck-mounted Cranes business by looking at market developments, market position, investment possibilities, and key market drivers. The analysis includes a profile of the leading market players, as well as information on their latest product launches, product extensions, marketing strategies, business outlooks, infrastructure, and projected rival goods and services, as well as pricing trends. The study looks at emerging entrepreneurs, their strategies, and the product advancements that are driving demand for their goods and services on both local and global markets. In addition, the paper offers critical tactics for maximising possibilities and minimising dangers in the next ten years and beyond. The Electric Truck-mounted Cranes market was studied using primary, secondary, and observational research methods.

An electric truck-mounted crane is a type of mobile crane that is mounted on a truck and powered by electricity rather than traditional internal combustion engines. These cranes are used for lifting and transporting heavy loads, offering the advantage of reduced emissions, quieter operation, and energy efficiency compared to diesel-powered models. They are commonly used in construction, logistics, and industrial applications where mobility and lifting power are required, especially in urban or environmentally sensitive areas.

At the beginning of the development of this research report, a summary of the Electric Truck-mounted Cranes market is provided, along with definitions, applications, new product launches, developments, hurdles, and geographic considerations. Rising demand across several different industries is expected to fuel the industry's rapid growth. The study Electric Truck-mounted Cranes market research report looks at key aspects as well as current industry trends. An additional feature is a graphical summary of significant organisations that highlights their market presence, effective marketing methods, and most recent developments in both historical and contemporary contexts.

Market Dynamics -

Growth Drivers -

Environmental Regulations: Stricter emissions standards and carbon reduction targets are pushing industries to adopt cleaner technologies. Electric cranes produce zero tailpipe emissions, making them compliant with environmental regulations in urban areas and emission-controlled zones.

Operational Cost Savings: Electric cranes have lower fuel and maintenance costs compared to diesel cranes. The absence of an internal combustion engine reduces the need for frequent servicing and spare part replacements.

Noise Reduction: Electric cranes operate quietly, which is advantageous in noise-sensitive areas such as residential neighborhoods, hospitals, and urban centers where noise pollution is a concern.

Technological Advancements: Improvements in battery technology, electric motors, and control systems have made electric cranes more powerful, reliable, and efficient, expanding their applicability across various industries.

Challenges -

High Initial Cost: The upfront investment for electric truck-mounted cranes is typically higher than for diesel cranes due to the cost of batteries, electric motors, and specialized components.

Charging Infrastructure: Limited availability of charging stations can be a barrier to adoption, especially in regions where infrastructure for electric vehicles is still developing.
Limited Operating Range: Battery capacity and charging times can restrict the operating range and duty cycle of electric cranes compared to diesel-powered alternatives.

Market Acceptance: Despite their advantages, electric cranes are still a relatively new technology, and some industries may be slow to adopt them due to familiarity with traditional solutions and concerns about performance and reliability.
Key Trends in the Electric Truck-mounted Cranes Market -
Technological Innovations

Battery Technology: Advances in lithium-ion and solid-state battery technologies are increasing energy density and reducing charging times, enhancing the performance and viability of electric cranes.

Hybrid Systems: Some manufacturers are developing hybrid electric-diesel cranes that combine the benefits of electric operation with the extended range of diesel power, providing flexibility in different working conditions.

Smart Cranes: Integration of IoT sensors, AI, and telematics is enabling remote monitoring, predictive maintenance, and optimized operation of electric cranes, improving efficiency and reducing downtime.

Applications Expansion

Urban Construction: Electric cranes are increasingly used in urban construction projects where emissions and noise are strictly regulated, offering a cleaner and quieter alternative for lifting materials.

Logistics and Material Handling: In logistics operations, electric truck-mounted cranes provide efficient loading and unloading capabilities without the environmental impact of diesel engines.

Rescue and Emergency Services: Electric cranes are being adopted by rescue and emergency services for their reliability, quick deployment, and suitability for operation in sensitive environments.

Market Expansion

Government Incentives: Various governments are offering subsidies, tax breaks, and grants to encourage the adoption of electric vehicles and equipment, including truck-mounted cranes.

Corporate Sustainability Goals: Companies are setting ambitious sustainability targets, and transitioning to electric cranes is part of their strategy to reduce their environmental impact and enhance their corporate social responsibility image.

Regional Insights and Growth Opportunities :-

The Electric Truck-mounted Cranes Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

The primary research and secondary research of the analysis is the competitive landscape that exists between the top players present in the industry. An inventory of the actions the businesses have done in the previous years is included in the report. Growth statistics for the regional markets have been included in the research, along with a list of the key countries driving regional growth, including North America, Europe, China, Japan, Southeast Asia, and India.

North America: Market size, growth drivers, and key players.

Europe: Regulatory environment and sustainability initiatives.

Asia-Pacific: Rapid industrialization and demand growth.

Latin America: Emerging markets and opportunities.

Middle East & Africa: Focus on petrochemicals and infrastructure development.

Emerging markets such as Southeast Asia, Eastern Europe, and Africa are identified as high-growth regions, driven by rapid industrialization and urbanization.

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Detailed of Electric Truck-mounted Cranes Market Segmentation:-

Segment by Type:

Up to 15 Tons
15 Tons - 30 Tons
30 Tons - 45 Tons
Above 50 Tons

Segment by Application

Construction
Logistics & Transportation
Mining
Chemical Plants
Oil Refineries
Others

Top Market Leader Included: -

SANY GROUP
Liebherr-International Deutschland GmbH
Konecranes Oyj
CARGOTEC CORPORATION
Elliott Equipment
PALFINGER AG
Tadano Ltd.
Hyva Group
The Manitowoc

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