Press release
Cranes Rental Market Share, Growth, Demand & Statistics | 2025 - 2032
Cranes Rental Market
According to industry estimates the Cranes Rental market growth is projected to expand 6.5% CAGR during the 2025 to 2032 assessment period.
The Latest Market Research report on "Global Cranes Rental Market Report 2025 - Future Opportunities, Latest Trends, In-depth Analysis, and Forecast To 2032" offers strategic visions into the global Cranes Rental market along with the market size (Volume - Million Units and Revenue - US$ Billion) and estimates for the duration 2025 to 2032. The said research study covers in-depth analysis of multiple market segments based on type, application, and studies different topographies. The report is also inclusive of competitive profiling of the leading Cranes Rental product vendors, and their latest developments.
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Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Liebherr Group, Manitowoc Company, Inc., SANY Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., XCMG Construction Machinery Co., Ltd., Kobelco Construction Machinery Co., Ltd., Tadano Ltd., Link-Belt Construction Equipment Company, Fassi Gru S.p.A., Palfinger AG, Demag Cranes & Components GmbH, Kato Works Co., Ltd., Sennebogen Maschinenfabrik GmbH, Grove Cranes
In October 2023, Barnhart Crane & Rigging, headquartered in the United States, completed the purchase of Bollmeyer Cranes in Madison, Illinois. Bollmeier Crane specializes in rental properties, equipment, and related labor.
In March 2024, JCB reaffirmed its commitment to expanding its presence in destination equipment with the introduction of the T65D, a 65-foot diesel-powered machine designed for the North American rental market.
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Drivers:
Rapid growth in construction, mining, and infrastructure projects.
Cost-effectiveness of renting vs. owning heavy equipment.
Restraints:
High maintenance and operational costs for rental providers.
Shortage of skilled crane operators in some regions.
Challenges:
Safety regulations and liability concerns.
Fluctuating demand due to economic cycles.
Opportunities:
Integration of telematics and IoT in rental fleets.
Rising adoption in renewable energy and smart city projects.
Cranes Rental Industry Segmentation:
Market Digits Group provides an analysis of the key trends in each segment of the global Cranes Rental market, along with forecasts at the global and regional levels from 2025-2034.
By Component: Equipment, Services
By Solution Type: Mobile, Tower, Crawler, Rough Terrain
By End-user: Construction, Oil & Gas, Shipbuilding, Logistics
Market Segmentation: By Geographic Analysis
North America (USA, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
North America dominated the global cranes rental market with a share of over 37% in 2023. The demand for cranes is strong with the growing construction industry and major projects such as the construction of roads and bridges. The flourishing oil and gas industry in the region also contributes to the need for heavy equipment lifts in onshore and offshore operations. In addition, increasing urbanization and commercial development further fuel the demand for crane rentals. As companies look for cost-effective and convenient solutions for their lifting needs, the crane rental market in North America continues to grow.
Crane rentals are required in the U.S. For several causes. Driven by commercial and residential projects, the country's complex construction industry constantly requires heavy lifting equipment. In addition, the U.S. energy sector, including oil and gas exploration and renewable energy projects, relies heavily on cranes for a variety of tasks. With so much emphasis on efficiency and cost savings, many companies choose to hire cranes to meet their lifting needs without a long-term commitment. As a result, the market in the U.S. is heated to meet the needs of various industries across the country.
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Analytical insights enclosed in the report
360 Degree Cranes Rental Market Overview Based on Global and Regional Levels
Market Share and Sales Revenue by Main Players and Emerging Regions
Competitors - In this section, several industry top players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Separate Chapter on Cranes Rental Market Entropy to Gain Insights into Market Aggression of Leaders [Acquisitions/Recent Investments and Major Developments]
Patent Analysis Number of patents/trademarks filed in recent years.
Exceptional research designed for industry size estimate and forecast.
Crucial Elements from the Table of Contents of Global Cranes Rental Market:
- Cranes Rental Market Overview
- Global Cranes Rental Market Competition, Profiles/Analysis, Strategies
- Global Cranes Rental Capacity, Production, Revenue (Value) by Region
- Global Cranes Rental Supply (Production), Consumption, Export, Import by Region
- Global Cranes Rental Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global Cranes Rental Market Forecast (2025-2032)
- Case Studies
- Research Findings and Conclusion
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