Mobile Cranes Market Size, Share, Growth Analysis, By Product type(Tests Truck Mounted Crane, Trailer Mounted Crane, and Crawler Crane), By Application(Construction, Industrial, and Utility), By Region - Industry Forecast 2024-2031

Mobile Cranes Market size was valued at USD 9.56 billion in 2021 and is poised to grow from USD 10.12 billion in 2022 to USD 15.02 billion by 2030, growing at a CAGR of 5.80% in the forecast period (2023-2030).

Advancements in crane technology, such as telematics and safety features, are contributing to the growth of the global mobile cranes market. The mobile cranes market is a dynamic and growing sector in the construction and heavy equipment industry. Mobile cranes are equipped with wheels or tracks, allowing them to be easily transported to different job sites. Key factors driving the mobile cranes market include increased infrastructure development projects, rapid urbanization, and the expansion of industrial activities. The demand for mobile cranes is also fueled by the growth in the energy sector, including renewable energy projects and oil and gas exploration. Additionally, the rising focus on reducing emissions and improving fuel efficiency has led to the development of eco-friendly mobile cranes powered by electric or hybrid systems. With ongoing technological advancements and increasing adoption of smart and automated systems, the mobile cranes market is expected to continue its growth trajectory in the coming years.

US Mobile Cranes Market is poised to grow at a sustainable CAGR for the next forecast year.