GITNUXREPORT 2026

Cranes Industry Statistics

The global crane industry is growing steadily due to high demand in construction and infrastructure projects.

Sarah Mitchell

Sarah Mitchell

Senior Researcher specializing in consumer behavior and market trends.

First published: Feb 13, 2026

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Key Statistics

Statistic 1

Rough terrain cranes accounted for 28% of total crane sales in 2022 worldwide.

Statistic 2

All-terrain cranes represented 35% of mobile crane fleet in Europe as of 2023.

Statistic 3

Truck-mounted cranes saw a 15% demand surge in construction sector in 2022.

Statistic 4

Overhead cranes held 22% market share in industrial applications in 2023.

Statistic 5

Gantry cranes usage in ports increased by 18% from 2020 to 2023 globally.

Statistic 6

Hydraulic truck cranes comprised 40% of sales in emerging markets 2023.

Statistic 7

Floating cranes market size: USD 2.8 billion in 2023.

Statistic 8

Bridge cranes installed in factories: 150,000 units globally in 2022.

Statistic 9

Telescopic boom cranes demand up 22% in wind energy sector 2023.

Statistic 10

Lattice boom crawler cranes used in 70% of heavy lift projects worldwide.

Statistic 11

Pick-and-carry cranes popular in mining, 15% market share 2023.

Statistic 12

Jib cranes in warehouses: 300,000 installations globally 2022.

Statistic 13

Derrick cranes usage declined 10% with tower crane rise.

Statistic 14

Stacker cranes in automated warehouses grew 25% in 2023.

Statistic 15

Portal cranes in shipyards: 12% of total crane deployments 2023.

Statistic 16

Luffing jib tower cranes: 18% segment growth 2023.

Statistic 17

Monorail cranes in manufacturing: 45% adoption rate 2023.

Statistic 18

Hammerhead cranes legacy use: <5% of modern fleets.

Statistic 19

Underhung cranes capacity avg. 5-ton in warehouses 2023.

Statistic 20

Rail-mounted gantry cranes: 5,200 in ports worldwide 2023.

Statistic 21

Liebherr Group reported crane revenue of EUR 3.8 billion in 2022, with 15% YoY growth.

Statistic 22

Manitowoc Crane Group delivered 4,500 units in 2023, up 12% from previous year.

Statistic 23

Terex Corporation's crane segment generated USD 1.2 billion in sales in 2022.

Statistic 24

Zoomlion Heavy Industry produced 25,000 cranes in 2022, holding 18% domestic market share in China.

Statistic 25

SANY Group exported 8,000 cranes internationally in 2023, a 20% increase.

Statistic 26

XCMG Group sales of cranes reached CNY 50 billion in 2023.

Statistic 27

Tadano Ltd. manufactured 12,000 cranes in fiscal 2022.

Statistic 28

Demag Cranes (Terex) revenue from cranes: EUR 800 million in 2022.

Statistic 29

Hitachi Sumitomo Heavy Industries crane output: 3,200 units in 2023.

Statistic 30

Kobelco Cranes exported 1,500 units to 50 countries in 2022.

Statistic 31

Volvo CE crane attachments sales up 18% in 2023.

Statistic 32

Palfinger AG crane revenue: EUR 1.9 billion in 2022.

Statistic 33

Sennebogen GmbH produced 1,800 material handling cranes in 2023.

Statistic 34

LiuGong Machinery crane exports: 4,000 units in 2022.

Statistic 35

Shantui Construction Machinery cranes: 5,200 units sold 2023.

Statistic 36

Link-Belt Cranes sales: 2,100 units in 2022 Americas.

Statistic 37

Grove (Manitowoc) all-terrain cranes: 1,200 delivered 2023.

Statistic 38

National Crane (Manitowoc) boom trucks: 900 units 2022.

Statistic 39

Fuwa Heavy Industry cranes: 10,000 units produced 2023.

Statistic 40

Changliang Machinery crane output: 6,500 in 2022.

Statistic 41

The global crane market was valued at USD 35.6 billion in 2023 and is projected to reach USD 48.2 billion by 2030, growing at a CAGR of 4.4%.

Statistic 42

Mobile crane segment dominated the market with over 42% revenue share in 2022 due to high demand in construction and infrastructure projects.

Statistic 43

Tower crane market expected to grow from USD 8.2 billion in 2023 to USD 11.5 billion by 2028 at a CAGR of 7.1%.

Statistic 44

Crawler crane rentals accounted for 35% of total crane rental revenue in 2022 globally.

Statistic 45

The U.S. crane market size was USD 5.8 billion in 2022, with a projected CAGR of 5.2% through 2030.

Statistic 46

The global crane market was valued at USD 35.6 billion in 2023 and is projected to reach USD 48.2 billion by 2030, growing at a CAGR of 4.4%.

Statistic 47

Construction segment accounted for 55% of crane market revenue in 2022.

Statistic 48

Rental services segment grew at 6.2% CAGR from 2018-2023 globally.

Statistic 49

Offshore crane market valued at USD 6.5 billion in 2023, CAGR 5.1%.

Statistic 50

Marine crane segment to grow at 4.8% CAGR to 2030.

Statistic 51

Used crane market size: USD 10.2 billion globally in 2022.

Statistic 52

Global industrial crane market CAGR 5.3% to USD 15 billion by 2028.

Statistic 53

Energy & utilities sector crane demand up 12% in 2023.

Statistic 54

Aftermarket parts for cranes: USD 7.8 billion market 2023.

Statistic 55

Asia-Pacific region held 45% of global crane market share in 2023, driven by urbanization in China and India.

Statistic 56

In Europe, the crane market generated EUR 4.2 billion in revenue in 2022, with Germany leading at 28% share.

Statistic 57

China's crane production reached 1.2 million units in 2022, representing 60% of global output.

Statistic 58

North American crane rental market size was USD 12.4 billion in 2023, growing at 6.8% CAGR.

Statistic 59

Middle East crane market expected to grow at 5.5% CAGR from 2023-2028 due to oil and gas projects.

Statistic 60

India's crane market size reached USD 1.8 billion in 2023, with 8% YoY growth.

Statistic 61

Japan produced 45,000 cranes in 2022, focusing on high-tech models.

Statistic 62

Latin America crane market valued at USD 2.1 billion in 2023.

Statistic 63

Australia crane rental revenue hit AUD 1.5 billion in 2022.

Statistic 64

Africa crane market projected to grow 7.2% CAGR to 2028.

Statistic 65

Saudi Arabia crane market: USD 1.1 billion in 2023, driven by Vision 2030.

Statistic 66

South Korea crane production: 28,000 units in 2022.

Statistic 67

Brazil crane rentals: BRL 2.5 billion revenue 2023.

Statistic 68

UAE imported 2,500 cranes in 2022 for mega projects.

Statistic 69

Russia crane market contracted 5% in 2022 due to sanctions.

Statistic 70

Singapore crane market: SGD 800 million in 2022.

Statistic 71

Turkey manufactured 18,000 cranes in 2023.

Statistic 72

Mexico crane imports: 1,800 units valued USD 450 million 2022.

Statistic 73

Indonesia crane rentals: IDR 15 trillion in 2023.

Statistic 74

South Africa crane fleet: 25,000 units operational 2023.

Statistic 75

Global crane industry employed 1.2 million workers in 2022, with 40% in manufacturing.

Statistic 76

Crane-related fatalities in the U.S. dropped 25% from 2018 to 2022 due to OSHA regulations.

Statistic 77

65% of cranes manufactured in 2023 featured electric or hybrid powertrains for sustainability.

Statistic 78

Average crane operator training hours required: 1,000 hours in EU standards as of 2023.

Statistic 79

CO2 emissions from crane operations reduced by 30% in top manufacturers from 2019-2023.

Statistic 80

Crane industry carbon footprint reduced 22% since 2015 per ISO standards.

Statistic 81

U.S. crane accidents: 72 fatalities in 2022 per BLS data.

Statistic 82

80% of crane operators certified under NCCCO in North America 2023.

Statistic 83

EU crane emission standards (Stage V) compliance reached 95% in 2023.

Statistic 84

Global crane recycling rate for end-of-life: 92% in 2022.

Statistic 85

Crane operator shortage: 20% vacancy rate in U.S. 2023.

Statistic 86

Global crane inspections: 2.5 million annually per ISO 4309.

Statistic 87

Hydrogen-powered cranes piloted by 5 major firms in 2023.

Statistic 88

Crane tip-over incidents: 42% due to overload in 2022 stats.

Statistic 89

Autonomous crane tech adoption: 8% fleet by 2025 projection.

Statistic 90

Women in crane operation: 4% globally, up from 2% in 2018.

Statistic 91

AI in crane load monitoring reduced errors by 35% in pilots 2023.

Statistic 92

Battery-electric cranes: 12% of new sales in EU 2023.

Statistic 93

Boom collapse incidents: 15% of total crane failures 2022.

Statistic 94

Telematics equipped cranes: 55% of fleet by 2023.

Sources
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Soaring beyond a $35.6 billion valuation, the global crane industry is being lifted by relentless construction, rapid technological adoption, and soaring rental demands, projected to reach $48.2 billion by 2030 as it reshapes skylines and infrastructure worldwide.

Key Takeaways

  • The global crane market was valued at USD 35.6 billion in 2023 and is projected to reach USD 48.2 billion by 2030, growing at a CAGR of 4.4%.
  • Mobile crane segment dominated the market with over 42% revenue share in 2022 due to high demand in construction and infrastructure projects.
  • Tower crane market expected to grow from USD 8.2 billion in 2023 to USD 11.5 billion by 2028 at a CAGR of 7.1%.
  • Asia-Pacific region held 45% of global crane market share in 2023, driven by urbanization in China and India.
  • In Europe, the crane market generated EUR 4.2 billion in revenue in 2022, with Germany leading at 28% share.
  • China's crane production reached 1.2 million units in 2022, representing 60% of global output.
  • Liebherr Group reported crane revenue of EUR 3.8 billion in 2022, with 15% YoY growth.
  • Manitowoc Crane Group delivered 4,500 units in 2023, up 12% from previous year.
  • Terex Corporation's crane segment generated USD 1.2 billion in sales in 2022.
  • Rough terrain cranes accounted for 28% of total crane sales in 2022 worldwide.
  • All-terrain cranes represented 35% of mobile crane fleet in Europe as of 2023.
  • Truck-mounted cranes saw a 15% demand surge in construction sector in 2022.
  • Global crane industry employed 1.2 million workers in 2022, with 40% in manufacturing.
  • Crane-related fatalities in the U.S. dropped 25% from 2018 to 2022 due to OSHA regulations.
  • 65% of cranes manufactured in 2023 featured electric or hybrid powertrains for sustainability.

The global crane industry is growing steadily due to high demand in construction and infrastructure projects.

Crane Types and Usage

  • Rough terrain cranes accounted for 28% of total crane sales in 2022 worldwide.
  • All-terrain cranes represented 35% of mobile crane fleet in Europe as of 2023.
  • Truck-mounted cranes saw a 15% demand surge in construction sector in 2022.
  • Overhead cranes held 22% market share in industrial applications in 2023.
  • Gantry cranes usage in ports increased by 18% from 2020 to 2023 globally.
  • Hydraulic truck cranes comprised 40% of sales in emerging markets 2023.
  • Floating cranes market size: USD 2.8 billion in 2023.
  • Bridge cranes installed in factories: 150,000 units globally in 2022.
  • Telescopic boom cranes demand up 22% in wind energy sector 2023.
  • Lattice boom crawler cranes used in 70% of heavy lift projects worldwide.
  • Pick-and-carry cranes popular in mining, 15% market share 2023.
  • Jib cranes in warehouses: 300,000 installations globally 2022.
  • Derrick cranes usage declined 10% with tower crane rise.
  • Stacker cranes in automated warehouses grew 25% in 2023.
  • Portal cranes in shipyards: 12% of total crane deployments 2023.
  • Luffing jib tower cranes: 18% segment growth 2023.
  • Monorail cranes in manufacturing: 45% adoption rate 2023.
  • Hammerhead cranes legacy use: <5% of modern fleets.
  • Underhung cranes capacity avg. 5-ton in warehouses 2023.
  • Rail-mounted gantry cranes: 5,200 in ports worldwide 2023.

Crane Types and Usage Interpretation

While rough-terrain cranes clawed out 28% of global sales, truck-mounted cranes got a 15% construction boost, and telescopic booms rose 22% with the wind energy sector, it’s the steadfast lattice crawlers, holding 70% of heavy lifts, and the quiet army of 300,000 warehouse jib cranes that truly keep the world's industrial backbone from collapsing under its own ambitious weight.

Manufacturer and Company Data

  • Liebherr Group reported crane revenue of EUR 3.8 billion in 2022, with 15% YoY growth.
  • Manitowoc Crane Group delivered 4,500 units in 2023, up 12% from previous year.
  • Terex Corporation's crane segment generated USD 1.2 billion in sales in 2022.
  • Zoomlion Heavy Industry produced 25,000 cranes in 2022, holding 18% domestic market share in China.
  • SANY Group exported 8,000 cranes internationally in 2023, a 20% increase.
  • XCMG Group sales of cranes reached CNY 50 billion in 2023.
  • Tadano Ltd. manufactured 12,000 cranes in fiscal 2022.
  • Demag Cranes (Terex) revenue from cranes: EUR 800 million in 2022.
  • Hitachi Sumitomo Heavy Industries crane output: 3,200 units in 2023.
  • Kobelco Cranes exported 1,500 units to 50 countries in 2022.
  • Volvo CE crane attachments sales up 18% in 2023.
  • Palfinger AG crane revenue: EUR 1.9 billion in 2022.
  • Sennebogen GmbH produced 1,800 material handling cranes in 2023.
  • LiuGong Machinery crane exports: 4,000 units in 2022.
  • Shantui Construction Machinery cranes: 5,200 units sold 2023.
  • Link-Belt Cranes sales: 2,100 units in 2022 Americas.
  • Grove (Manitowoc) all-terrain cranes: 1,200 delivered 2023.
  • National Crane (Manitowoc) boom trucks: 900 units 2022.
  • Fuwa Heavy Industry cranes: 10,000 units produced 2023.
  • Changliang Machinery crane output: 6,500 in 2022.

Manufacturer and Company Data Interpretation

While the industry giants are busy counting their billions and building tens of thousands of cranes to dominate the skyline, the real story is that every player, from global titans to niche specialists, is feverishly hoisting their numbers higher, proving the construction world is in a seriously elevated state of business.

Market Size and Growth

  • The global crane market was valued at USD 35.6 billion in 2023 and is projected to reach USD 48.2 billion by 2030, growing at a CAGR of 4.4%.
  • Mobile crane segment dominated the market with over 42% revenue share in 2022 due to high demand in construction and infrastructure projects.
  • Tower crane market expected to grow from USD 8.2 billion in 2023 to USD 11.5 billion by 2028 at a CAGR of 7.1%.
  • Crawler crane rentals accounted for 35% of total crane rental revenue in 2022 globally.
  • The U.S. crane market size was USD 5.8 billion in 2022, with a projected CAGR of 5.2% through 2030.
  • The global crane market was valued at USD 35.6 billion in 2023 and is projected to reach USD 48.2 billion by 2030, growing at a CAGR of 4.4%.
  • Construction segment accounted for 55% of crane market revenue in 2022.
  • Rental services segment grew at 6.2% CAGR from 2018-2023 globally.
  • Offshore crane market valued at USD 6.5 billion in 2023, CAGR 5.1%.
  • Marine crane segment to grow at 4.8% CAGR to 2030.
  • Used crane market size: USD 10.2 billion globally in 2022.
  • Global industrial crane market CAGR 5.3% to USD 15 billion by 2028.
  • Energy & utilities sector crane demand up 12% in 2023.
  • Aftermarket parts for cranes: USD 7.8 billion market 2023.

Market Size and Growth Interpretation

The global crane market is steadily hoisting itself to new heights, driven not by whimsy but by the mobile workhorses of construction and a booming rental culture, proving that whether building skyscrapers or power grids, our economic ambitions are quite literally supported by steel.

Regional Statistics

  • Asia-Pacific region held 45% of global crane market share in 2023, driven by urbanization in China and India.
  • In Europe, the crane market generated EUR 4.2 billion in revenue in 2022, with Germany leading at 28% share.
  • China's crane production reached 1.2 million units in 2022, representing 60% of global output.
  • North American crane rental market size was USD 12.4 billion in 2023, growing at 6.8% CAGR.
  • Middle East crane market expected to grow at 5.5% CAGR from 2023-2028 due to oil and gas projects.
  • India's crane market size reached USD 1.8 billion in 2023, with 8% YoY growth.
  • Japan produced 45,000 cranes in 2022, focusing on high-tech models.
  • Latin America crane market valued at USD 2.1 billion in 2023.
  • Australia crane rental revenue hit AUD 1.5 billion in 2022.
  • Africa crane market projected to grow 7.2% CAGR to 2028.
  • Saudi Arabia crane market: USD 1.1 billion in 2023, driven by Vision 2030.
  • South Korea crane production: 28,000 units in 2022.
  • Brazil crane rentals: BRL 2.5 billion revenue 2023.
  • UAE imported 2,500 cranes in 2022 for mega projects.
  • Russia crane market contracted 5% in 2022 due to sanctions.
  • Singapore crane market: SGD 800 million in 2022.
  • Turkey manufactured 18,000 cranes in 2023.
  • Mexico crane imports: 1,800 units valued USD 450 million 2022.
  • Indonesia crane rentals: IDR 15 trillion in 2023.
  • South Africa crane fleet: 25,000 units operational 2023.

Regional Statistics Interpretation

The world is building skyward, but its scaffolding is firmly grounded in Asia, with China producing the lion's share of cranes, while regional markets flex from the rental boom in North America to the ambitious projects of the Middle East and India's rapid rise, all pointing to a future quite literally under construction.

Safety and Sustainability

  • Global crane industry employed 1.2 million workers in 2022, with 40% in manufacturing.
  • Crane-related fatalities in the U.S. dropped 25% from 2018 to 2022 due to OSHA regulations.
  • 65% of cranes manufactured in 2023 featured electric or hybrid powertrains for sustainability.
  • Average crane operator training hours required: 1,000 hours in EU standards as of 2023.
  • CO2 emissions from crane operations reduced by 30% in top manufacturers from 2019-2023.
  • Crane industry carbon footprint reduced 22% since 2015 per ISO standards.
  • U.S. crane accidents: 72 fatalities in 2022 per BLS data.
  • 80% of crane operators certified under NCCCO in North America 2023.
  • EU crane emission standards (Stage V) compliance reached 95% in 2023.
  • Global crane recycling rate for end-of-life: 92% in 2022.
  • Crane operator shortage: 20% vacancy rate in U.S. 2023.
  • Global crane inspections: 2.5 million annually per ISO 4309.
  • Hydrogen-powered cranes piloted by 5 major firms in 2023.
  • Crane tip-over incidents: 42% due to overload in 2022 stats.
  • Autonomous crane tech adoption: 8% fleet by 2025 projection.
  • Women in crane operation: 4% globally, up from 2% in 2018.
  • AI in crane load monitoring reduced errors by 35% in pilots 2023.
  • Battery-electric cranes: 12% of new sales in EU 2023.
  • Boom collapse incidents: 15% of total crane failures 2022.
  • Telematics equipped cranes: 55% of fleet by 2023.

Safety and Sustainability Interpretation

While heartened by a global workforce of 1.2 million and significant sustainability gains, the industry soberly acknowledges that each of the 72 U.S. fatalities in 2022 underscores the relentless need for the rigorous training and advanced safety tech now driving a 25% drop in crane-related deaths.

Sources & References

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