Truck-mounted Cranes Market Expected to Surpass USD 4.5 Billion by 2035 at 5.5% CAGR - Insights by Transparency Market Research

Truck-mounted Cranes Market Outlook 2035

The global truck-mounted cranes market was valued at US$ 2.5 Billion in 2024 and is expected to reach US$ 4.5 Billion by 2035, growing at a CAGR of 5.5% from 2025 to 2035. This growth is fueled by increasing infrastructure development, rising demand for mobile lifting equipment, and advancements in crane technology. Enhanced flexibility and efficiency offered by these cranes are further supporting their adoption across construction and logistics sectors.

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Market Overview

Truck-mounted cranes are hydraulic cranes installed on the chassis of commercial trucks. They combine the benefits of a vehicle and a crane, enabling fast transport between job sites and efficient material handling. These machines are widely used in infrastructure, logistics, oil & gas, mining, utilities, and telecommunications.

Compared to fixed cranes, truck-mounted cranes reduce site setup time and labor requirements. Their ability to access remote or confined areas has made them indispensable across sectors where agility and power are both crucial.

Market Description

Common Types of Truck-mounted Cranes:
• Boom Truck Cranes
• Knuckle Boom (Articulating) Cranes
• Telescopic Boom Cranes
• Lattice Boom Cranes

Applications:
• Construction & Infrastructure
• Utility Maintenance
• Oil & Gas
• Ports & Logistics
• Mining
• Railways

Manufacturers are increasingly integrating advanced features such as remote operation, telematics, anti-sway systems, and load monitoring technologies to enhance safety and productivity.

Analysis of Key Players

Key players in the truck-mounted cranes market are increasingly focusing on the development of compact and lightweight crane designs to enhance mobility, ease of transport, and operational efficiency-especially in space-constrained or high-traffic job sites. These innovations are enabling cranes to handle larger loads and execute more complex tasks. Furthermore, manufacturers are integrating advanced productivity and fleet management technologies to optimize performance and reduce operational downtime.

Prominent companies operating in the global truck-mounted cranes market include
• SANY GROUP
• Liebherr-International Deutschland GmbH
• Konecranes Oyj
• CARGOTEC CORPORATION
• Elliott Equipment Company
• PALFINGER AG
• Tadano Ltd.
• Hyva Group
• The Manitowoc Company, Inc.
• Other Key Players
Each of these companies has been thoroughly profiled in the market report based on parameters such as company overview, financial performance, strategic initiatives, product portfolio, and business segments.

Key Developments in the Truck-mounted Cranes Market

• August 2024 - The Manitowoc Company, Inc. unveiled a new series of Grove truck-mounted cranes at a launch event targeting emerging markets. The event attracted visitors from Africa and the Middle East, where Manitowoc introduced the Grove TMC550, along with two new models: Grove TMC250 and Grove TMC750. These cranes are exclusively designed for deployment in Latin America, Africa, and the Middle East. The new lineup features cutting-edge technologies aimed at enhancing productivity, operational efficiency, and compliance with environmental standards.

• June 2024 - Liebherr launched the LTM 1400-6.1, the world's most powerful 6-axle crane, from its plant in Ehingen, Germany. Equipped with a 70-meter telescopic boom, the crane boasts intuitive setup procedures and a dramatic increase in lifting capacity. It succeeds the highly regarded LTM 1350-6.1, serving as an ideal entry point to advanced boom technology. The LTM 1400-6.1 also incorporates driver assistance features that significantly improve road safety, reinforcing Liebherr's commitment to innovation and performance.

Key Player Strategies

🧠 Smart Crane Technologies
Integration of IoT, GPS, and telematics for predictive maintenance, operational monitoring, and safety alerts.
🔋 Electrification and Hybrid Models
Crane makers are shifting toward hybrid-powered trucks for eco-friendly lifting operations in cities and regulated areas.
🌍 Strategic Regional Expansion
Manufacturers are strengthening distribution networks in Africa, Latin America, and Southeast Asia, where construction activity is accelerating.
⚙️ Customizable & Modular Designs
Clients can configure lifting capacity, boom length, stabilization options, and drive systems as per project needs.
👷 Operator Safety & Comfort Enhancements
Ergonomic cabs, 360° cameras, and anti-sway systems are being introduced for safer and more efficient operations.

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Challenges

• High Initial Investment: The cost of purchasing and maintaining truck-mounted cranes is significant, limiting adoption by smaller contractors.
• Skilled Operator Shortage: Operating these machines requires trained and certified professionals, creating labor bottlenecks in emerging markets.
• Complex Regulatory Standards: Compliance with transportation and lifting safety norms varies across regions, affecting manufacturing and distribution.
• Urban Space Limitations: Operating large truck cranes in dense urban environments can be difficult without compact or articulating variants.
• Environmental Regulations: Emission norms for diesel engines pose compliance challenges for traditional crane trucks.

Opportunities

🏗️ Smart City and Infrastructure Projects
Rising government investments in roads, bridges, and renewable energy offer long-term growth potential.
🌿 Green Construction Equipment Demand
Growing emphasis on sustainability is fueling demand for electric or hybrid lifting machines.
📦 E-commerce & Logistics Boom
Warehouse construction and logistics infrastructure are boosting the need for lifting and installation cranes.
🛢️ Energy & Utility Sector Growth
Oil refineries, power grids, and telecom towers often require portable lifting solutions, driving crane demand.
🚚 Rental & Leasing Market Growth
An increasing number of contractors are opting for crane rentals to reduce capital investment-benefiting rental service providers.

Market Segmentations

➤ By Crane Type
• Boom Truck Cranes
• Knuckle Boom Cranes
• Telescopic Cranes
• Lattice Boom Cranes

➤ By Tonnage
• Below 10 Tons
• 11-25 Tons
• 26-50 Tons
• Above 50 Tons

➤ By End-use Industry
• Construction
• Utilities
• Oil & Gas
• Mining
• Logistics
• Transportation & Rail

➤ By Drive Type
• Diesel-powered
• Hybrid/Electric

➤ By Sales Channel
• OEM
• Rental/Leasing
• Aftermarket

➤ By Region
• Asia-Pacific: Leading due to massive infrastructure investments in China, India, and Southeast Asia.
• North America: Strong presence of large crane manufacturers and rental networks.
• Europe: Focus on sustainable, electric lifting equipment.
• Latin America & MEA: Rising oil & gas activity and urban expansion driving demand.

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✅ Long-term Forecasting
Build a future-proof procurement or investment strategy with data-driven projections to 2034.
✅ Regional Outlook
Discover market hotspots and growth trends across developing and developed economies.
✅ Technological Trends
Analyze how automation, electrification, and safety features are reshaping crane operations.
✅ Competitive Intelligence
Benchmark top players based on strategic moves, product launches, and innovation.
✅ OEM & Rental Market Dynamics
Understand how rental models are impacting the sales landscape and aftermarket opportunities.

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Conclusion

The truck-mounted cranes market stands tall as a critical pillar in the global construction and logistics ecosystem. These machines enable quick deployment, safer lifting, and project cost-efficiency-especially in fast-paced urban environments.

With the industry pivoting toward electrification, digitization, and modular crane systems, forward-thinking companies investing in clean, connected, and compact crane technology are set to dominate this mobile lifting revolution. As infrastructure continues to evolve worldwide, truck-mounted cranes will play a central role in shaping skylines and building smarter, more resilient cities.

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