By 2025 projections, autonomous crane tech could reach 8% of the global fleet, even as telematics-equipped machines already account for 55% by 2023. At the same time, the crane market is forecast to grow from USD 35.6 billion in 2023 to USD 48.2 billion by 2030, with shifting demand across rough terrain, tower, and port work. Here is what that combination means for sales mix, rentals, safety signals, and where new capacity is actually going.
Key Takeaways
- 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.
- 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.
- 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.
- 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 market is surging with faster demand and greener fleets, projected to reach USD 48.2 billion by 2030.
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01 · Category
Crane Types and Usage20 stats
01
Rough terrain cranes accounted for 28% of total crane sales in 2022 worldwide.
02
All-terrain cranes represented 35% of mobile crane fleet in Europe as of 2023.
03
Truck-mounted cranes saw a 15% demand surge in construction sector in 2022.
04
Overhead cranes held 22% market share in industrial applications in 2023.
05
Gantry cranes usage in ports increased by 18% from 2020 to 2023 globally.
06
Hydraulic truck cranes comprised 40% of sales in emerging markets 2023.
07
Floating cranes market size: USD 2.8 billion in 2023.
08
Bridge cranes installed in factories: 150,000 units globally in 2022.
09
Telescopic boom cranes demand up 22% in wind energy sector 2023.
10
Lattice boom crawler cranes used in 70% of heavy lift projects worldwide.
11
Pick-and-carry cranes popular in mining, 15% market share 2023.
12
Jib cranes in warehouses: 300,000 installations globally 2022.
13
Derrick cranes usage declined 10% with tower crane rise.
14
Stacker cranes in automated warehouses grew 25% in 2023.
15
Portal cranes in shipyards: 12% of total crane deployments 2023.
16
Luffing jib tower cranes: 18% segment growth 2023.
17
Monorail cranes in manufacturing: 45% adoption rate 2023.
18
Hammerhead cranes legacy use: <5% of modern fleets.
19
Underhung cranes capacity avg. 5-ton in warehouses 2023.
20
Rail-mounted gantry cranes: 5,200 in ports worldwide 2023.
Interpretation
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.
02 · Category
Manufacturer and Company Data20 stats
01
Liebherr Group reported crane revenue of EUR 3.8 billion in 2022, with 15% YoY growth.
02
Manitowoc Crane Group delivered 4,500 units in 2023, up 12% from previous year.
03
Terex Corporation's crane segment generated USD 1.2 billion in sales in 2022.
04
Zoomlion Heavy Industry produced 25,000 cranes in 2022, holding 18% domestic market share in China.
05
SANY Group exported 8,000 cranes internationally in 2023, a 20% increase.
06
XCMG Group sales of cranes reached CNY 50 billion in 2023.
07
Tadano Ltd. manufactured 12,000 cranes in fiscal 2022.
08
Demag Cranes (Terex) revenue from cranes: EUR 800 million in 2022.
09
Hitachi Sumitomo Heavy Industries crane output: 3,200 units in 2023.
10
Kobelco Cranes exported 1,500 units to 50 countries in 2022.
11
Volvo CE crane attachments sales up 18% in 2023.
12
Palfinger AG crane revenue: EUR 1.9 billion in 2022.
13
Sennebogen GmbH produced 1,800 material handling cranes in 2023.
14
LiuGong Machinery crane exports: 4,000 units in 2022.
15
Shantui Construction Machinery cranes: 5,200 units sold 2023.
16
Link-Belt Cranes sales: 2,100 units in 2022 Americas.
17
Grove (Manitowoc) all-terrain cranes: 1,200 delivered 2023.
18
National Crane (Manitowoc) boom trucks: 900 units 2022.
19
Fuwa Heavy Industry cranes: 10,000 units produced 2023.
20
Changliang Machinery crane output: 6,500 in 2022.
Interpretation
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.
03 · Category
Market Size and Growth14 stats
01
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%.
02
Mobile crane segment dominated the market with over 42% revenue share in 2022 due to high demand in construction and infrastructure projects.
03
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%.
04
Crawler crane rentals accounted for 35% of total crane rental revenue in 2022 globally.
05
The U.S. crane market size was USD 5.8 billion in 2022, with a projected CAGR of 5.2% through 2030.
06
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%.
07
Construction segment accounted for 55% of crane market revenue in 2022.
08
Rental services segment grew at 6.2% CAGR from 2018-2023 globally.
09
Offshore crane market valued at USD 6.5 billion in 2023, CAGR 5.1%.
10
Marine crane segment to grow at 4.8% CAGR to 2030.
11
Used crane market size: USD 10.2 billion globally in 2022.
12
Global industrial crane market CAGR 5.3% to USD 15 billion by 2028.
13
Energy & utilities sector crane demand up 12% in 2023.
14
Aftermarket parts for cranes: USD 7.8 billion market 2023.
Interpretation
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.
More related reading
04 · Category
Regional Statistics20 stats
01
Asia-Pacific region held 45% of global crane market share in 2023, driven by urbanization in China and India.
02
In Europe, the crane market generated EUR 4.2 billion in revenue in 2022, with Germany leading at 28% share.
03
China's crane production reached 1.2 million units in 2022, representing 60% of global output.
04
North American crane rental market size was USD 12.4 billion in 2023, growing at 6.8% CAGR.
05
Middle East crane market expected to grow at 5.5% CAGR from 2023-2028 due to oil and gas projects.
06
India's crane market size reached USD 1.8 billion in 2023, with 8% YoY growth.
07
Japan produced 45,000 cranes in 2022, focusing on high-tech models.
08
Latin America crane market valued at USD 2.1 billion in 2023.
09
Australia crane rental revenue hit AUD 1.5 billion in 2022.
10
Africa crane market projected to grow 7.2% CAGR to 2028.
11
Saudi Arabia crane market: USD 1.1 billion in 2023, driven by Vision 2030.
12
South Korea crane production: 28,000 units in 2022.
13
Brazil crane rentals: BRL 2.5 billion revenue 2023.
14
UAE imported 2,500 cranes in 2022 for mega projects.
15
Russia crane market contracted 5% in 2022 due to sanctions.
16
Singapore crane market: SGD 800 million in 2022.
17
Turkey manufactured 18,000 cranes in 2023.
18
Mexico crane imports: 1,800 units valued USD 450 million 2022.
19
Indonesia crane rentals: IDR 15 trillion in 2023.
20
South Africa crane fleet: 25,000 units operational 2023.
Interpretation
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.
05 · Category
Safety and Sustainability20 stats
01
Global crane industry employed 1.2 million workers in 2022, with 40% in manufacturing.
02
Crane-related fatalities in the U.S. dropped 25% from 2018 to 2022 due to OSHA regulations.
03
65% of cranes manufactured in 2023 featured electric or hybrid powertrains for sustainability.
04
Average crane operator training hours required: 1,000 hours in EU standards as of 2023.
05
CO2 emissions from crane operations reduced by 30% in top manufacturers from 2019-2023.
06
Crane industry carbon footprint reduced 22% since 2015 per ISO standards.
07
U.S. crane accidents: 72 fatalities in 2022 per BLS data.
08
80% of crane operators certified under NCCCO in North America 2023.
09
EU crane emission standards (Stage V) compliance reached 95% in 2023.
10
Global crane recycling rate for end-of-life: 92% in 2022.
11
Crane operator shortage: 20% vacancy rate in U.S. 2023.
12
Global crane inspections: 2.5 million annually per ISO 4309.
13
Hydrogen-powered cranes piloted by 5 major firms in 2023.
14
Crane tip-over incidents: 42% due to overload in 2022 stats.
15
Autonomous crane tech adoption: 8% fleet by 2025 projection.
16
Women in crane operation: 4% globally, up from 2% in 2018.
17
AI in crane load monitoring reduced errors by 35% in pilots 2023.
18
Battery-electric cranes: 12% of new sales in EU 2023.
19
Boom collapse incidents: 15% of total crane failures 2022.
20
Telematics equipped cranes: 55% of fleet by 2023.
Interpretation
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.
Reference
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APA
Stefan Wendt. (2026, February 13). Cranes Industry Statistics. Gitnux. https://gitnux.org/cranes-industry-statistics
MLA
Stefan Wendt. "Cranes Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/cranes-industry-statistics.
Chicago
Stefan Wendt. 2026. "Cranes Industry Statistics." Gitnux. https://gitnux.org/cranes-industry-statistics.
Sources & references
89 datasets cited across this report · attribution is report-level