Truck Cranes Market
Truck Cranes Market Analysis by Mounted Cranes, Sidelift Cranes, and Boom Truck Cranes from 2023 to 2033
Analysis of Truck Cranes Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Truck Cranes Market Outlook (2023 to 2033)
Worldwide sales of truck cranes are estimated at US$ 9.1 billion for 2023 and are forecasted to reach US$ 14.9 billion by the end of 2033. Over the next ten years, the global truck cranes market is predicted to expand steadily at 5% CAGR.
A truck crane is a crane mounted on a truck trailer. The truck crane has two components the lower carrier and the upper lifting component. Truck cranes also have a telescopic boom for specific applications wherein materials are lifted at a high position. The carrier truck provides mobility to the crane and hence is used to easily transport the crane to the job site and for loading and unloading different loads.
- In April 2023, Tadano, a leading Japanese manufacturer of cranes and other equipment, announced the launch of its new truck cranes at the ConExpo 2023. GT1200XL-2 and GT-800XL-2 were launched with 120 and 80-tonne lifting capacities.
An expanding world population has sped up urbanization and industrialization in almost all parts of the world, which in turn is driving the construction industry thereby favoring the demand for truck cranes. Increasing investments in new construction and redevelopment activities to accommodate the changing global economy are also uplifting shipments of truck cranes.
The construction of new power plants and power grids to accommodate the growing energy demand is also predicted to bolster truck crane sales over the next ten years. Advancements in lifting technologies and their growing adoption in mobile crane development are also forecasted to benefit truck crane demand over the next ten years.
Integration of advanced digital technologies such as artificial intelligence, IoT, telematics, and big data is also anticipated to influence global truck cranes market development beyond the study period. The majority of truck crane revenue share is slated to originate from the construction and building sector by the end of 2033.
| Report Attributes | Details |
|---|---|
| Truck Cranes Market Size (2023) | US$ 9.1 Billion |
| Projected Market Value (2033F) | US$ 14.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 5% CAGR |
| Key Regional Market | Asia Pacific |
| Leading End-use Sector | Construction |
| Key Companies Profiled | Liebherr Group; Kato Works Co. Ltd.; Sany Heavy Industry Co. Ltd.; Tadano Ltd.; The Manitowoc Company Inc.; XCMG Construction Machinery Co., Ltd.; Elliott Equipment Company; Böcker Maschinenwerke GmbH; Terex Corporation; Manitex International Inc. |
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Is The Market for Truck Cranes a Lucrative Space for New Companies?
“Integration of Digital Technologies Will Offer New Market Opportunities”
Entering the truck cranes or heavy equipment manufacturing space is not an easy feat as it requires substantial initial investment. This is why many new companies looking to enter the market are taking innovative approaches and using digital technologies to create novel offerings. Truck crane rental is a highly rewarding space for new companies looking to enter the truck cranes market but don’t have a high investment potential.
- In 2023, MYCRANE, a Dubai-based crane rental start-up, announced its expansion into the United States. MYCRANE offers an online crane rental platform that allows users to save time that is otherwise wasted in finding and renting heavy equipment.
- DeepX, an AI start-up founded in 2016 and based in Japan, collaborated with Tadano, a leading provider of heavy equipment to develop automation technology for mobile cranes in 2022.
Building truck crane accessories and truck crane parts also provides attractive opportunities for upcoming truck crane brands looking to make a name for themselves in the global landscape. Automation is also a key trend that is projected to create a new wave of opportunities for companies looking to enter the mobile crane space.
Start-ups can benefit by learning more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments that have been discussed extensively in this truck crane industry study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Will Changing Emission Norms Affect Truck Crane Sales?
“Truck Crane Companies Focusing on Creating Efficient Vehicles”
Governments across the world are implementing stringent mandates to reduce emissions from vehicles compliance with Tier IV Final emission standards in the United States has become a prominent milestone for manufacturers of truck cranes. Along with introducing low-emission diesel engines, manufacturers are also implementing advanced technologies to achieve fuel efficiency and enhanced productivity.
In addition, truck cranes are utilized for goods delivery around the city where diesel emissions are strictly controlled. Truck crane suppliers have introduced low-emission engines and are also focusing on the electrification of vehicles as their popularity increases around the world.
- In May 2020, Zoomlion Heavy Industry Science & Technology rolled off its first pure electric-powered truck crane with a capacity of 25 tonnes. The ZTC250N-EV is capable of reaching a maximum speed of 56 mph and has an operating sound no louder than 65 dB.
- In May 2021, Sany India, a renowned supplier of construction equipment, announced the launch of 4 new truck cranes that were compliant with the Bharat CEV Stage IV norms in India. STC800C, STC250C, STC600C, and STC450C were the 4 new models that were manufactured at Sany’s plant in Pune, India.
- Lawson, a prominent truck crane provider has introduced a CNG-powered engine and a new PTO- electric power take-off system in truck cranes.
- The partnership of Scania and Kobelco wherein Scania will provide the low-emission engine for Kobelco cranes.
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Country-wise Insights
Developing countries such as China, India, and Brazil are estimated to be more rewarding markets as compared to developed countries such as the United States, Germany, and the United Kingdom.
How Opportune is the United States Market for Truck Crane Producers?
“Growing Popularity of Truck Crane Rental and Leasing”
The residential construction sector of the United States has been providing attractive opportunities for all kinds of heavy machinery suppliers. The high truck crane prices in the country have created a lucrative business scope for rental and leasing companies. Construction companies are shying away from investing huge amounts of cash in the purchase of equipment and opting for rental options.
To succeed in the United States industry, truck crane vendors need to collaborate with heavy equipment rental and leasing companies as this could bring in a good amount of revenue for them.
Which Asian Countries are Money Spinners for Truck Crane Manufacturers?
“China and India to Pay Off Big Time Going Forward”
China and India have been the frontrunners in economic growth when it comes to the Asia Pacific region, which is what makes them highly opportune markets for truck crane suppliers. Rapid industrialization and urbanization have resulted in increased spending on infrastructure development thereby creating a high demand for heavy construction equipment and mobile cranes as well.
Supportive government initiatives to promote manufacturing activity and cheap labor and raw material costs are also attracting truck crane manufacturers to these countries. Moreover, the launch of several new residential and commercial construction projects in China and India is also projected to uplift demand for all-terrain cranes, rough terrain cranes, and boom truck cranes going forward.
Where in Europe Should Truck Crane Companies Invest?
“Germany to Offer Lucrative Business Opportunities”
Germany is home to some of the most significant automotive manufacturing companies in the world and the presence of robust automotive manufacturing infrastructure makes it an opportune space for truck crane manufacturers. The presence of companies such as Liebherr and RAC in the country also contributes to the bright truck cranes market outlook of Germany over the coming years.
- Manitowoc, a renowned manufacturer and supplier of cranes, unveiled its new four-axle all-terrain crane at the Bauma 2022 event in Germany. The GMK4070L offers a 70-tonne capacity with a 60-meter boom.
Category-wise Insights
Companies should focus on the development and manufacturing of mounted truck cranes that are more capable of doing various tasks as compared to other types of mobile cranes.
Which Type of Mobile Cranes are Most Widely Used?
“Mounted Truck Cranes Hold Sway Over Global Sales”
Mounted truck cranes are used extensively around the world owing to their better maneuverability and lifting capabilities as compared to other types of mobile cranes. Their ability to work in hard-to-reach areas is also a bonus that makes them a favorite in several industry verticals such as construction, shipping, industrial, etc.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Top-tier truck crane brands are focusing on launching new vehicles with high truck crane capacities and other capabilities.
- In March 2023, Manitex International Inc., a renowned name in the truck cranes industry, announced the launch of its new truck crane. The new TC850 Series truck-mounted crane features an 85-tonne capacity high-reach truck crane that eliminates the need for a front jack.
Key Segments of Truck Cranes Industry Research
-
By Lifting Capacity (Tonnes) :
- <150
- 150 to 300
- >300
-
By End Use :
- Commercial
- Construction Sites
- Industrial
- Forestry
- Shipyards
- Others
-
By Type :
- Mounted Cranes
- Sidelift Cranes
- Boom Truck Cranes
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Global Market Analysis and Forecast 2018 to 2033
- 3.1. Global Market Size and Forecast By Lifting Capacity (Tonnes), 2018 to 2033
- 3.1.1. <150
- 3.1.2. 150-300
- 3.1.3. >300
- 3.2. Global Market Size and Forecast By End Use, 2018 to 2033
- 3.2.1. Commercial
- 3.2.2. Construction Sites
- 3.2.3. Industrial
- 3.2.4. Forestry
- 3.2.5. Shipyards
- 3.2.6. Other
- 3.1. Global Market Size and Forecast By Lifting Capacity (Tonnes), 2018 to 2033
- 4. North America Market Size and Forecast, 2018 to 2033
- 5. Latin America Market Size and Forecast, 2018 to 2033
- 6. Europe Market Size and Forecast, 2018 to 2033
- 7. Japan Market Size and Forecast, 2018 to 2033
- 8. APEJ Market Size and Forecast, 2018 to 2033
- 9. MEA Market Size and Forecast, 2018 to 2033
- 10. Global Market Company Share, Competition Landscape and Company Profiles
- 10.1. Liebherr Group
- 10.2. Elliott Equipment Company
- 10.3. Sany Group
- 10.4. Böcker Maschinenwerke GmbH
- 10.5. Manitowoc
- 10.6. Tadano Ltd.
- 10.7. Kato Works Co., Ltd
- 10.8. Terex Corporation
- 10.9. Xuzhou Construction Machinery Group Co., Ltd.
- 10.10. Manitex International
- 11. Research Methodology
- 12. Secondary and Primary Sources
- 13. Assumptions and Acronyms
- 14. Disclaimer
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List Of Table
TABLE 01: Global Market Value (US$ Mn) & Volume, 2018 to 2022
TABLE 02: Global Market Value (US$ Mn) & Volume, 2023 to 2033
TABLE 03: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2018 to 2033
TABLE 04: Global <150 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 05: Global <150 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 06: Global <150 Segment Market Share, By Region 2018 to 2022
TABLE 07: Global <150 Segment Market Share, By Region 2023 to 2033
TABLE 08: Global <150 Segment Y-o-Y, By Region 2018 to 2033
TABLE 09: Global 150-300 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 10: Global 150-300 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 11: Global 150-300 Segment Market Share, By Region 2018 to 2022
TABLE 12: Global 150-300 Segment Market Share, By Region 2023 to 2033
TABLE 13: Global 150-300 Segment Y-o-Y, By Region 2018 to 2033
TABLE 14: Global >300 Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 15: Global >300 Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 16: Global >300 Segment Market Share, By Region 2018 to 2022
TABLE 17: Global >300 Segment Market Share, By Region 2023 to 2033
TABLE 18: Global >300 Segment Y-o-Y, By Region 2018 to 2033
TABLE 19: Global Commercial Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 20: Global Commercial Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 21: Global Commercial Segment Market Share, By Region 2018 to 2022
TABLE 22: Global Commercial Segment Market Share, By Region 2023 to 2033
TABLE 23: Global Commercial Segment Y-o-Y, By Region 2018 to 2033
TABLE 24: Global Construction Sites Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 25: Global Construction Sites Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 26: Global Construction Sites Segment Market Share, By Region 2018 to 2022
TABLE 27: Global Construction Sites Segment Market Share, By Region 2023 to 2033
TABLE 28: Global Construction Sites Segment Y-o-Y, By Region 2018 to 2033
TABLE 29: Global Industrial Application Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 30: Global Industrial Application Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 31: Global Industrial Application Segment Market Share, By Region 2018 to 2022
TABLE 32: Global Industrial Application Segment Market Share, By Region 2023 to 2033
TABLE 33: Global Industrial Application Segment Y-o-Y, By Region 2018 to 2033
TABLE 34: Global Forestry Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 35: Global Forestry Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 36: Global Forestry Segment Market Share, By Region 2018 to 2022
TABLE 37: Global Forestry Segment Market Share, By Region 2023 to 2033
TABLE 38: Global Forestry Segment Y-o-Y, By Region 2018 to 2033
TABLE 39: Global Shipyards Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 40: Global Shipyards Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 41: Global Shipyards Segment Market Share, By Region 2018 to 2022
TABLE 42: Global Shipyards Segment Market Share, By Region 2023 to 2033
TABLE 43: Global Shipyards Segment Y-o-Y, By Region 2018 to 2033
TABLE 44: Global Other Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 45: Global Other Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 46: Global Other Segment Market Share, By Region 2018 to 2022
TABLE 47: Global Other Segment Market Share, By Region 2023 to 2033
TABLE 48: Global Other Segment Y-o-Y, By Region 2018 to 2033
TABLE 49: North America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 50: North America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 51: North America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2018 to 2022
TABLE 52: North America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2023 to 2033
TABLE 53: North America Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 54: North America Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 55: Latin America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 56: Latin America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 57: Latin America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2018 to 2022
TABLE 58: Latin America Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2023 to 2033
TABLE 59: Latin America Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 60: Latin America Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 61: Europe Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 62: Europe Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 63: Europe Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2018 to 2022
TABLE 64: Europe Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2023 to 2033
TABLE 65: Europe Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 66: Europe Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 67: Japan Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 68: Japan Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 69: Japan Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2018 to 2022
TABLE 70: Japan Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2023 to 2033
TABLE 71: Japan Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 72: Japan Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 73: APEJ Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 74: APEJ Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 75: APEJ Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2018 to 2022
TABLE 76: APEJ Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2023 to 2033
TABLE 77: APEJ Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 78: APEJ Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
TABLE 79: MEA Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 80: MEA Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 81: MEA Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2018 to 2022
TABLE 82: MEA Market Value (US$ Mn) & Volume, By Lifting Capacity (Tonnes) 2023 to 2033
TABLE 83: MEA Market Value (US$ Mn) & Volume, By End Use 2018 to 2022
TABLE 84: MEA Market Value (US$ Mn) & Volume, By End Use 2023 to 2033
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List Of Figures
FIG. 01: Global Market Value (US$ Mn), 2018 to 2022
FIG. 02: Global Market Value (US$ Mn) Forecast, 2023 to 2033
FIG. 03: Global Market Value (US$ Mn) and Y-o-Y, 2018 to 2033
FIG. 04: Global <150 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 05: Global <150 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 06: Global <150 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 07: Global 150-300 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 08: Global 150-300 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 09: Global 150-300 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 10: Global >300 Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 11: Global >300 Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 12: Global >300 Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 13: Global Commercial Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 14: Global Commercial Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 15: Global Commercial Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 16: Global Construction Sites Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 17: Global Construction Sites Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 18: Global Construction Sites Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 19: Global Industrial Application Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 20: Global Industrial Application Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 21: Global Industrial Application Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 22: Global Forestry Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 23: Global Forestry Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 24: Global Forestry Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 25: Global Shipyards Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 26: Global Shipyards Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 27: Global Shipyards Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 28: Global Other Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 29: Global Other Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 30: Global Other Segment Y-o-Y Growth Rate, By Region, 2018 to 2033
FIG. 31: North America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 32: North America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 33: North America Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2018 to 2022
FIG. 34: North America Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2023 to 2033
FIG. 35: North America Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 36: North America Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 37: Latin America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 38: Latin America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 39: Latin America Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2018 to 2022
FIG. 40: Latin America Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2023 to 2033
FIG. 41: Latin America Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 42: Latin America Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 43: Europe Market Value (US$ Mn), By Country 2018 to 2022
FIG. 44: Europe Market Value (US$ Mn), By Country 2023 to 2033
FIG. 45: Europe Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2018 to 2022
FIG. 46: Europe Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2023 to 2033
FIG. 47: Europe Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 48: Europe Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 49: Japan Market Value (US$ Mn), By Country 2018 to 2022
FIG. 50: Japan Market Value (US$ Mn), By Country 2023 to 2033
FIG. 51: Japan Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2018 to 2022
FIG. 52: Japan Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2023 to 2033
FIG. 53: Japan Market Value (US$ Mn), By 2018 to 2022
FIG. 54: Japan Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 55: APEJ Market Value (US$ Mn), By Country 2018 to 2022
FIG. 56: APEJ Market Value (US$ Mn), By Country 2023 to 2033
FIG. 57: APEJ Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2018 to 2022
FIG. 58: APEJ Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2023 to 2033
FIG. 59: APEJ Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 60: APEJ Market Value (US$ Mn), By End Use 2023 to 2033
FIG. 61: MEA Market Value (US$ Mn), By Country 2018 to 2022
FIG. 62: MEA Market Value (US$ Mn), By Country 2023 to 2033
FIG. 63: MEA Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2018 to 2022
FIG. 64: MEA Market Value (US$ Mn), By Lifting Capacity (Tonnes) 2023 to 2033
FIG. 65: MEA Market Value (US$ Mn), By End Use 2018 to 2022
FIG. 66: MEA Market Value (US$ Mn), By End Use 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the truck cranes market in 2023?
The global truck cranes market is valued at US$ 9.1 billion in 2023.
What is the forecasted market value for 2033?
Truck crane sales are projected to reach US$ 14.9 billion by 2033.
At what CAGR will the global market for truck cranes expand?
Truck crane sales are projected to rise at 5% CAGR from 2023 to 2033.
How much can a truck crane pick up?
Truck cranes have a lifting capacity ranging from 14.5 tonnes to 1,300 tonnes.
Who manufactures truck-mounted cranes in China?
OUCO and Beiqi Foton Motor Co. Ltd. are leading truck crane manufacturers in China.
Truck Cranes Market