Crane Market Size 2025-2032,
Industry Growth Report

Global Crane
Market will grow at a 6.9% CAGR between 2025 and 2032, owing to
the increasing adoption of technologically advanced and versatile crane models.
As industries prioritize efficiency and safety, the demand for innovative
lifting solutions rises. Continuous advancements in crane technology, coupled
with frequent new product launches, contribute to market growth. This trend
reflects the industry's commitment to offering cutting-edge, adaptable,
high-performance cranes, positioning technological innovation and product launches
as key drivers in shaping the industry outlook.

For instance, in 2024,
Kobelco Construction Machinery Co., Ltd. unveiled the TKE750G, a telescopic
boom crawler crane featuring a maximum lifting capacity of 75 metric tons. The
crane adheres to the core concept of G series lattice boom crawler crane models
and operates with a Daimler OM936LA engine compliant with EU Stage V
regulations from Mercedes-Benz (E9H01). This launch signifies Kobelco's
commitment to innovation, enhancing the crane industry with its advanced
features and improved lifting capacity.

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The crane industry is
fragmented on the basis of type, application, and region.

The all-terrain crane
segment will establish a significant market foothold by 2032, fueled by the
versatility and adaptability of all-terrain cranes capable of operating in
various challenging environments. The growing demand for efficient and mobile
lifting solutions across construction and industrial sectors will fuel the
prominence of all-terrain cranes. As they offer high lifting capacities and the
ability to navigate diverse terrains, the all-terrain crane segment will stand
out as a key driver in the evolving crane industry.

The crane market size from
the construction and mining segment will witness a substantial upswing by 2032,
attributed to the indispensable role cranes play in heavy lifting and material
handling within these sectors. As construction and mining activities surge
globally, the demand for reliable and efficient lifting equipment intensifies.
Cranes play a pivotal role in enhancing productivity and operational
efficiency, making the construction and mining segment a primary contributor to
the overall market growth.

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Asia-Pacific crane market
share will register a notable CAGR during 2024 and 2032. The region's thriving
construction and infrastructure development, particularly in countries such as
China and India, will drive the demand for cranes. Robust economic growth,
urbanization trends, and increased investment in various sectors will further
contribute to the prevalence of cranes in Asia-Pacific. As a result, the region
will stand out as the primary contributor to the global demand for these
lifting machines, reflecting its pivotal role in the industry.

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