Mobile and Tower Cranes Market Size, Share, Growth Report 2032

Mobile and Tower Cranes Market Size

The global mobile and tower cranes market size was worth around USD 29.57 billion in 2023 and is predicted to grow to around USD 41.18 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.75% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the mobile and tower cranes market on a global and regional level.

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Global Mobile and Tower Cranes Market: Overview

Mobile cranes are the lifting tools that include a hydraulic telescopic boom or cable suspended latticed boom developed to be transformed from operating sites by carrying over the road. There is a range of mobile cranes such as a truck crane, rough terrain, all-terrain, telescopic truck mounted cranes, and crawler crane. The tower crane presents itself similar to a vertical metallic arrangement with a horizontal boom that can revolve over an angle of up to 360°, whereas, the tower crane is a fixed crane and has to be fastened on-site. The mobile tower crane is a blend of the tower and mobile crane. A detailed market taxonomy of the global mobile and tower cranes market leads to the accurate understanding of this vast market. The report highlights key industry trends, opportunities, and restraints that have a bearing on the mobile and tower cranes market. This gives the report audience a clear understanding regarding this vast market and helps them to make important business decisions.

Global Mobile and Tower Cranes Market: Growth Factors

The worldwide mobile and tower cranes market is anticipated to see a considerable growth in the coming period. One of the major factors contributing to the growth of the mobile and tower cranes market is the rising urbanization around the globe. In response to this, the requirement for infrastructural development has been mounted that consequently drives the requirement for mobile cranes attributable to their high load-lifting abilities. Moreover, the strict laws with regards to time frames for finishing construction projects, together with the mounting digit of projects itself have made a route for the infiltration of equipment across the world, thus, contributing to the growth of mobile and tower cranes market.

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Global Mobile and Tower Cranes Market: Segmentation

The worldwide mobile and tower cranes market is bifurcated based on application, type, and region.

By application segment of the mobile and tower cranes market can be categorized into shipping & port, construction, oil & gas, and others.

By type segment of the mobile and tower cranes market can be divided into mobile tower cranes, mobile cranes, and tower cranes. The mobile crane's segment of the mobile and tower cranes market can be further sub-segmented into rough terrain, telescopic truck mounted cranes, truck crane, all terrain, and crawler crane. Further, The tower cranes segment can be has been sub-divided into luffing jib tower crane, flat top, hammerhead cranes, and self-erecting crane.

Regionally, the worldwide mobile and tower cranes market can be grouped into Latin America, North America, Europe, Asia Pacific, and Middle East & Africa.

Mobile and Tower Cranes Market: Report Scope

Global Mobile and Tower Cranes Market: Regional Analysis

The Asia Pacific is anticipated to lead the mobile and tower cranes market. The growth market in this region can be attributed to the increasing construction activities on account of the dawn of smart cities. Also, Africa and the Middle East region are predicted to witness a considerable expansion in the mobile and tower cranes market in the near future. This is predominantly owing to the prominent existence of the oil & gas refineries that need huge digit of the mobile and tower cranes.

Global Mobile and Tower Cranes Market: Competitive Players

The prominent players in the worldwide mobile and tower cranes market include:

• ELMAK
• Hyva Cranes
• Liebherr
• FAVCO BERHAD
• Sany Heavy Industry Co. Ltd
• FAVELLE
• Kobelco Cranes Global Ltd
• Manitex International
• Manitowoc
• Konecranes
• YONGMAO
• Terex Corporation
• Tadano Faun
• Zoomlion Heavy Industry Science & Technology Co Ltd.
• WOLFFKRAN International AG

The Global Mobile and Tower Cranes Market is segmented as follows:

By Application 

• Shipping & Port
• Construction
• Oil & Gas
• Others

By Type 

• Mobile Tower Cranes
• Mobile Cranes
  • The U.S.
  • Rough Terrain
  • Telescopic Truck Mounted Cranes
  • Truck Crane
  • All Terrain
  • Crawler Crane
• Tower Cranes
  • Luffing Jib Tower Crane
  • Flat Top
  • Hammerhead Cranes
  • And Self-Erecting Crane

Global Mobile and Tower Cranes Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.