Global Wheeled Crane Market size was valued at USD 17.3 Billion in 2024 and is expected to reach USD 27.6 Billion by 2033, at a CAGR of 5.5% during the forecast period 2024 – 2033.
Wheeled Crane Market: Overview
A wheeled crane, also known as a mobile crane, is a type of crane that is mounted on wheels or tracks, making it easy to carry and manoeuvre for a construction site. These cranes are flexible and commonly used in construction, industrial, and infrastructure projects to lift and move huge items.
One significant global trend in the wheeled crane market is the growing need for adaptable and transportable lifting solutions across a wide range of industries. Wheeled cranes are versatile and maneuverable, making them ideal for a variety of industries such as construction, manufacturing, logistics, and utilities.
As industries expand and adapt to changing market circumstances, material handling activities are becoming more efficient, productive, and safe. Wheeled cranes are an effective way to lift and carry big items in a variety of locations, which helps to enhance workflow and project execution.
Furthermore, technology improvements like as telematics systems, remote monitoring, and automation features improve the capabilities and performance of wheeled cranes, increasing their global acceptance. Overall, the tendency towards adaptable, transportable, and technologically advanced wheeled cranes underscores their significance in meeting the evolving needs of modern industries across the globe.
By type, truck cranes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. To satisfy the needs of varied construction and industrial applications, truck cranes are increasingly being designed with enhanced lifting capacity, improved safety features, and more adaptability.
By propulsion, engine powered segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Environmental laws and an increasing emphasis on industrial sustainability are driving a trend in engine-powered equipment towards cleaner and more fuel-efficient engines.
By end user, the construction segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The trend in construction includes the adoption of environmentally friendly practices, digitalization through Building Information Modeling (BIM), and a focus on modular and off-site construction methods for elevated efficiency.
The Asia-Pacific area is undergoing a growth in urbanization and infrastructure development, which is boosting demand for construction equipment like wheeled cranes to support large-scale building projects.
Terex Corporation (Terex) is a producer of lifting and material processing equipment. Its product offerings include aerial work platforms, cranes, concrete products, material handlers, industrial cranes, backhoes and dumpers, port solutions, aerial devices, and auger tools.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 17.3 Billion |
| Projected Market Size in 2033 | USD 27.6 Billion |
| Market Size in 2023 | USD 16.8 Billion |
| CAGR Growth Rate | 5.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Propulsion, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed the Global Wheeled Crane market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Wheeled Crane industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Wheeled Crane Market:
- Terex Corporation
- Liebherr Group
- Tadano Ltd.
- Manitowoc Company Inc.
- Konecranes Plc.
- Hyundai Heavy Industries Co. Ltd.
- Demag Cranes & Components GmbH
- Elliott Equipment Company
- FURUKAWA UNIC CORPORATION
- XCMG Group
- Sany Group
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- Kobelco Construction Machinery Co. Ltd.
- Link-Belt Cranes
- Hitachi Sumitomo Heavy Industries Construction Crane Co. Ltd.
- Grove Worldwide
- Palfinger AG
- SENNEBOGEN Maschinenfabrik GmbH
- Fassi Gru S.p.A.
- Guay Inc.
- Others
The Wheeled Crane Market is segmented as follows:
By Type
- Truck Cranes
- All Terrain Cranes
- Rough Terrain Cranes
- Loader Cranes
- Others
By Propulsion
- Engine Powered
- Electric Powered
- Hybrid Powered
By End User
- Construction
- Utilities
- Industries
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America