United States of America – [25-08-2025] – The Insight Partners is proud to announce its newest market report, “Truck Mounted Crane Market: An In-depth Analysis of the Truck Mounted Crane Market.” The report provides a holistic view of the Truck Mounted Crane Market and describes the current scenario as well as growth estimates during the forecast period.

Overview of the Truck Mounted Crane Market

Truck mounted cranes are essential in modern construction, utility, and industrial projects due to their flexibility, mobility, and ability to perform heavy lifting tasks efficiently. Unlike fixed cranes, truck mounted cranes provide the dual advantage of lifting capabilities combined with the mobility of trucks, enabling faster project execution and cost savings. The growing demand for infrastructure development, urbanization, and utility maintenance is fueling adoption of these cranes globally. With advancements in hydraulic and mechanical systems, truck mounted cranes are becoming safer, more durable, and increasingly efficient, driving the Truck Mounted Crane Market toward steady growth.

Key Findings and Insights

Market Size and Growth

The Truck Mounted Crane Market is expected to register a CAGR of 5.5% from 2025 to 2031, backed by increasing investments in infrastructure development, rising demand for energy projects, and the growth of industrial construction worldwide. As industries continue to focus on efficient material handling, these cranes are becoming indispensable in both developed and developing regions.

Key Factors Affecting the Truck Mounted Crane Market:

Infrastructure growth and urban development, particularly in Asia-Pacific and Middle Eastern countries.

Increasing adoption in utilities, such as power line maintenance and water management systems.

Rising demand in industrial applications, including oil & gas, mining, and heavy machinery handling.

Technological advancements, including telematics, remote control, and hybrid-powered cranes.

Shift toward fuel-efficient and eco-friendly solutions in construction equipment.

Market Segmentation

By Type

Electrical Mechanical: Durable, cost-efficient cranes primarily used in smaller projects and basic lifting operations.

Hydraulic: Widely adopted for their higher lifting capacity, precision control, and versatility across construction and industrial tasks.

By Application

Building & Construction: Largest application segment, driven by the surge in residential, commercial, and infrastructure projects.

Utilities: Increasing adoption in electricity line maintenance, telecommunication projects, and municipal services.

Industrial: Used for oil & gas, mining, ports, and other heavy industrial applications requiring mobility and heavy lifting.

Spotting Emerging Trends

Technological Advancements

Integration of IoT and telematics for real-time monitoring and predictive maintenance.

Development of hybrid and electric-powered cranes to meet sustainability goals.

Enhanced safety systems, including advanced load management and stability controls.

Compact and modular crane designs catering to urban construction environments.

Changing Consumer (Industry) Preferences

Preference for multi-functional, mobile cranes that reduce the need for multiple machines.

Growing demand for rental services as companies look to minimize upfront capital expenditure.

Shift toward customizable crane solutions tailored to industry-specific requirements.

Regulatory Changes

Stricter safety regulations for lifting equipment across North America and Europe.

Government incentives promoting the adoption of eco-friendly construction equipment.

Standardization of quality and performance criteria in developing markets.

Growth Opportunities

Infrastructure boom in emerging economies, particularly in Asia-Pacific and Africa.

Expansion of renewable energy projects such as wind and solar, requiring specialized lifting equipment.

Rising demand for rental-based business models, opening avenues for equipment manufacturers and service providers.

Technological upgrades enabling automation and remote-controlled operations.

Replacement of aging fleets with modern, energy-efficient truck mounted cranes.

Growing investments in industrial and logistics sectors, fueling the need for flexible lifting solutions.

Market Key Company Profiles

TEREX CORPORATION: A global leader offering versatile truck mounted cranes for construction and industrial sectors.

TADANO LTD: Known for its innovative hydraulic cranes with advanced lifting technologies.

SANY GROUP: Major player in construction equipment, providing robust and cost-effective truck mounted cranes.

ALTEC INDUSTRIES: Specializes in utility-focused truck mounted cranes with reliable and durable solutions.

LIEBHERR: Renowned for high-performance cranes with cutting-edge hydraulic and control systems.

B: A significant contributor offering cranes designed for specialized industrial and construction applications.

Conclusion

Truck Mounted Crane Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023–2031 highlights the evolving role of truck mounted cranes in shaping global infrastructure and industrial projects. With the market projected to grow at a CAGR of 5.5% from 2025 to 2031, the sector is set for steady expansion. As industries prioritize efficiency, safety, and sustainability, truck mounted cranes will remain vital to construction, utilities, and industrial applications. Stakeholders investing in advanced technologies, eco-friendly equipment, and rental-based models will be well-positioned to capitalize on upcoming growth opportunities.