Press release
Smart Cranes Market to Reach USD 12.7 Billion by 2035, Growing at 7.2% CAGR | Konecranes, Liebherr Group, Cargotec Corporation
Smart Cranes Market to Reach USD 12.7 Billion by 2035
The growing emphasis on sustainability is also evident, with manufacturers focusing on eco-friendly technologies and energy-efficient designs to meet environmental standards and reduce operational costs. Technological advancements and sustainability initiatives are propelling the smart cranes market towards substantial growth.
Get the Detailed Industry Analysis (including the Table of Contents, List of Figures, and List of Tables) - from the Smart Cranes Market Research Report: https://marketgenics.co/press-releases/smart-cranes-market-87010
Regional Analysis of Global Smart Cranes Market
The demand for smart cranes is highest in Asia Pacific due to rapid industrialization, large-scale infrastructure projects, and government incentives for automation in construction. The region's expanding logistics, port, and construction sectors are increasingly adopting technologically advanced cranes to improve efficiency and safety.
Asia Pacific's infrastructure growth and technology adoption are propelling smart cranes demand, making the region a global market leader.
North America is witnessing high growth due to the modernization of industrial facilities and adoption of IoT-enabled cranes in ports and warehouses. Konecranes' X-series smart cranes are enhancing operational efficiency and safety across U.S. industrial sites.
Europe's growth is driven by strict safety and environmental regulations, encouraging manufacturers to adopt smart and sustainable crane solutions. Liebherr's autonomous tower crane pilots in Germany illustrate this regional trend.
Prominent players operating in the global smart cranes market are Konecranes, Liebherr Group, Cargotec Corporation, Zoomlion Heavy Industry Science & Technology Co., Ltd., XCMG Group, SANY Group, Manitowoc Company, Inc., Demag Cranes AG, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Tadano Ltd., Sumitomo Heavy Industries, Ltd., SENNEBOGEN Maschinenfabrik GmbH, Palfinger AG, Action Construction Equipment Ltd. (ACE), Eilbeck Cranes, GH Cranes & Components, The Crosby Group, Street Crane Company, and Other Key Players.
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Key Driver, Restraint, and Growth Opportunity Shaping the Global Smart Cranes Market
The growing demand for remote monitoring and automation in industrial and construction sectors is accelerating smart crane adoption. In January 2025, Konecranes implemented cloud-based telematics for its X-series cranes, allowing operators to monitor performance and control operations remotely. This improves efficiency, reduces downtime, and enhances workplace safety, driving market growth.
Despite technological advancements, the lack of skilled operators familiar with AI-enabled and IoT-integrated cranes limits market expansion.
Smart cranes can be integrated into comprehensive Construction 4.0 platforms, enabling real-time site analytics, automated scheduling, and predictive maintenance. Liebherr's 2025 pilot project in Germany demonstrated improved project efficiency by linking autonomous tower cranes with digital construction management systems, revealing a promising revenue avenue.
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Asia Pacific Drives Smart Cranes Market Expansion
The demand for smart cranes is highest in Asia Pacific due to rapid industrialization, urban infrastructure development, and government initiatives promoting construction efficiency. In March 2025, Konecranes installed its X-series smart industrial cranes at a major port in Singapore, enabling automated material handling and real-time monitoring to enhance operational safety and productivity.
Countries like China and India are witnessing large-scale construction projects, including logistics hubs, ports, and high-rise buildings, creating a need for advanced lifting solutions. The integration of AI and IoT in these cranes aligns with the region's focus on technological modernization and operational optimization, driving adoption.
Asia Pacific's booming infrastructure and technological investments are propelling smart cranes demand, making the region a global market leader.
Key Trend: Shift Towards Electrification and Sustainability in Crane Operations
There is a noticeable trend towards electrification and sustainability in crane operations, aligning with global environmental goals. In June 2024, Konecranes announced the expansion of its electrified portfolio, emphasizing eco-efficient technology under its EcoliftingTM vision. The shift towards electric-powered cranes reduces carbon emissions and operational costs associated with fuel consumption.
This trend is gaining traction as industries seek to comply with stringent environmental regulations and reduce their carbon footprint. The trend towards electrification and sustainability is reshaping crane operations, aligning with global environmental objectives.
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