An Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Wheeled Crane Market

The wheeled crane market is poised for significant growth as infrastructure development and technological advancements continue to accelerate worldwide. This sector is experiencing a shift towards more efficient, environmentally friendly, and versatile lifting solutions, which is driving increased demand across various industries. Let's explore the market's projected growth, key players, emerging trends, and segmentation to understand its future trajectory.

Projected Expansion in the Wheeled Crane Market Size Through 2030
The wheeled crane market is forecasted to grow steadily, reaching a value of $23.5 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 6.5% during the forecast period. Factors contributing to this upward trend include escalating investments in smart infrastructure projects, rising demand for low-emission lifting equipment, growth in the construction equipment rental sector, expansion of utility projects, and the adoption of sophisticated crane control technologies. Additionally, trends such as increased preference for mobile lifting solutions, integration of hybrid and electric wheeled cranes, and the widening scope of rental services are expected to influence market dynamics.

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Leading Companies Shaping the Wheeled Crane Industry
Several prominent companies hold influential positions in the wheeled crane industry. These key players include Liebherr International AG, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., ere*x Corporation, Palfinger AG, The Manitowoc Company Inc., Tadano Ltd., SANY Group Co. Ltd., Kato Works Co. Ltd., Link-Belt Cranes L.P., Action Construction Equipment Ltd., Broderson Manufacturing Corp., Kobelco Construction Machinery Co. Ltd., Yutong Heavy Industries Co. Ltd., Furukawa Unic Corporation, Shandong Wolwa Industrial Limited Company, Böcker Maschinenwerke GmbH, XCMG, Zoomlion Heavy Machinery Co. Ltd., Manitowoc Crane Group, Demag Cranes AG, and Faun GmbH.

In a notable development, Tadano Ltd., headquartered in Japan, acquired Manitex International in January 2025 for an undisclosed sum. This strategic acquisition aims to strengthen Tadano's foothold in the US market and broaden its product portfolio in the wheeled crane segment, thereby enhancing its global lifting solutions offering. Manitex International is a US-based crane manufacturer specializing in wheeled cranes.

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Technological Advances and New Products Leading Wheeled Crane Innovation
Industry leaders are prioritizing the development of advanced crane models such as 6-axle cranes, which offer enhanced load capacity, better maneuverability, and improved operational efficiency across construction and industrial applications. These 6-axle mobile cranes, mounted on chassis with six axles, are designed to deliver superior stability and mobility for heavy lifting tasks. For example, Liebherr-International AG, a German manufacturer, introduced the LTM 1400-6.1 in June 2024. This crane boasts a 70-meter telescopic boom, an innovative Y-guying system to boost lifting capacity, VarioBallast for adjustable counterweight radius, and VarioBase for versatile support positioning. Furthermore, the crane features advanced driver assistance systems that provide real-time monitoring, load control, and enhanced maneuverability, which help reduce operator errors and increase job site safety and efficiency.

Segmentation Overview of the Global Wheeled Crane Market
The wheeled crane market is segmented comprehensively for a detailed understanding of its components:

1) By Type: Cross Country Crane, All Road Crane
2) By Propulsion: Engine Powered, Electric Powered, Hybrid Powered
3) By Load Capacity: Light Duty (Up to 10 Tons), Medium Duty (10 to 50 Tons), Heavy Duty (50 to 100 Tons), Very Heavy Duty (Above 100 Tons)
4) By Application: Construction, Manufacturing, Shipping and Logistics, Utilities and Energy, Mining
5) By End-User Industry: Infrastructure, Oil and Gas, Aerospace, Telecommunications, Construction Equipment Rental

Further subcategories include:
- Cross Country Crane: Rough Terrain Wheeled Crane, Pick and Carry Crane, Military Wheeled Crane
- All Road Crane: Single Engine All Terrain Crane, Dual Engine All Terrain Crane, Compact All Terrain Crane

This detailed segmentation helps stakeholders identify specific market opportunities and tailor strategies across different crane types, propulsion systems, capacities, and industry applications, ensuring the market's continued growth and innovation through 2030.

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This release was published on openPR.