Truck Mounted Crane Market Size Forecasted To Achieve $10.19 Billion By 2029 With Steady Growth

The Truck Mounted Crane Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Truck Mounted Crane Market Size and Its Estimated Growth Rate?
In recent times, there has been a substantial increase in the size of the truck mounted crane market. The projections indicate an escalation from $7.39 billion in 2024 to $7.8 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.6%. This growth trajectory during the historic period is traced back to the development of construction and infrastructure, extension of logistics and transportation, establishment of renewable energy initiatives, oil and gas exploration endeavours, urbanization, and emerging construction trends.

The market for truck mounted cranes is predicted to witness robust growth in the coming years, with its value expected to reach $10.19 billion in 2029, expanding at a Compound Annual Growth Rate (CAGR) of 6.9%. This predicted growth during the forecast period can be traced back to factors such as improvement and maintenance of infrastructure, establishment of telecommunication towers, sustained growth in the renewable energy sector, increase in port and shipping activities, and public project investments by governments. The forecast period is also set to see key trends including particular customization for dedicated uses, emphasis on ergonomics and operator comfort, integration with fleet management systems, offerings of leasing and rental services, and worldwide expansion and market penetration.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9032

How Are Emerging Segments Shaping the Truck Mounted Crane Market Landscape?
The truck mounted crane market covered in this report is segmented -

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

Subsegments:
1) By Articulating Cranes: Standard Articulating Cranes, Heavy-Duty Articulating Cranes
2) By Hydraulic Cranes: Truck-Mounted Hydraulic Cranes, All-Terrain Hydraulic Cranes
3) By Telescopic Cranes: Fixed Telescopic Cranes, Swing Arm Telescopic Cranes
4) By Other Types: Mini Cranes, Specialized Cranes

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9032&type=smp

Which Growth Factors Are Influencing Truck Mounted Crane Market Expansion?
The truck mounted cranes market is anticipated to be propelled by the surging construction of public infrastructure. Public infrastructure typically includes facilities and structures such as roads, public toilets, and flyovers, which are intended for public use. Due to their ability to transport building materials and blocks within heavily populated and confined spaces, truck mounted cranes see a lot of application in the development of urban infrastructure. For instance, in February 2024, a report by the Infrastructure and Projects Authority, a government agency from the UK, revealed that about 660 projects are currently lined up for investment across both public and private sectors. It's expected that around $204 billion will be invested by 2024/25. Furthermore, planned and projected investments for the coming decade are estimated to fall between $850 billion and $950 billion. Of these investments, $78 billion will incorporate the use of Modern Methods of Construction (MMC) over the coming two years. Thus, it's clear that the upward trend in public infrastructure construction is a driving factor in the growth of the truck mounted cranes market.

Who Are the Dominant Players Across Different Truck Mounted Crane Market Segments?
Major companies operating in the truck mounted crane market include 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., Terex* Corporation, 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, Action Construction Equipment Ltd., Manitex International Inc, HMF Group, STAHL CraneSystems GmbH, Iowa Mold Tooling, Hidrokon, Effer S.p.A., Elliott Equipment Company, TIL Limited, Böcker Maschinenwerke GmbH, Furukawa Unic Corporation, Liaoning Fuwa Heavy Industry Machinery Co Ltd., Hydrauliska Industri AB, Fassi Gru S.p.A., Bonfiglioli Group, Cormach S.r.l., CraneWorks Inc., Altec Industries Inc., Amco Veba, UNIC Cranes Europe, Liftmoore Inc., KenzFigee

What Are the Latest Developing Trends in the Truck Mounted Crane Market?
Leading corporations in the truck mounted cranes market are adopting cutting-edge technologies as a strategy to retain their market standing. The incorporation of these advanced technologies in truck-mounted cranes enhances safety, boosts operational efficiency and promotes environmental sustainability, rendering the cranes adaptable and attractive to a wide array of industries. In the context of this trend, Hiab, a company based in Sweden known for offering intelligent services and solutions to improve load handling proficiency, made headlines in March 2024 by launching the HIAB wspr, a pioneering hybrid electric crane solution engineered to improve load handling and foster sustainability. This groundbreaking product operates on dual power sources: the truck's engine and a separate electric power take-off (ePTO), making it especially efficient in areas with low or zero emissions. The HIAB wspr offers three distinct models: a standard model suitable for larger market segments that can function for 1-2 days after a full charge, a light-duty model integrated with a battery pack for drop-off applications, and a heavy-duty model constructed for prolonged working hours and directly mounted on the truck chassis.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/truck-mounted-crane-global-market-report

Which Geographic Regions Are Expected to Dominate the Truck Mounted Crane Market in the Coming Years?
Asia-Pacific was the largest region in the truck mounted crane market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global truck mounted crane market during the forecast period. The regions covered in the truck mounted crane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Truck Mounted Crane Market?
2. What is the CAGR expected in the Truck Mounted Crane Market?
3. What Are the Key Innovations Transforming the Truck Mounted Crane Industry?
4. Which Region Is Leading the Truck Mounted Crane Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.