Truck Cranes Market : Opportunities for Investment and Mergers & Acquisitions
The truck cranes market is expected to grow from an estimated USD 16.2 billion in 2024 to USD 34.6 billion in 2033, at a CAGR of 8.8%. Rapid advancements in technology are driving the crane truck and truck crane markets. Innovations in automation, telematics, and new material designs are speeding up safety and efficiency improvements with an increase in load handling capacity. The most innovative features such as advanced control systems, remote monitoring, and the incorporation of AI-based predictive maintenance tools allow higher uptime with lower operational costs.
The latest research report by Emergen Research,
named ‘Global Truck Cranes Market -
Forecast to 2033. The coronavirus outbreak has led to drastic
changes in the current Truck Cranes Market business landscape, limiting the growth opportunities
for various manufacturers and buyers for the next few years. Besides making
speculations about the market’s post-COVID-19 scenario, the report discusses
its existing situation. The report eventually offers conclusive data related to
the Truck Cranes Market growth assessed
on both regional and global levels.
Structures made lighter but more
robust with the use of high-strength steel and composites also
reduce fuel consumption without sacrificing load-carrying ability. The growing
urban infrastructure development, renewable energy projects, and heavy
industries will fuel the adoption of advanced cranes in intrastate terms. Also,
stringent safety and environment requirements will propel manufacturers and
lead to putting cleaner engines and smarter systems into modern crane trucks,
proving the need for such a machine in globally competitive construction and
logistics and energy operation.
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Key Market Drivers
One of the most notable trends shaping the market is the rapid technological
advancement across crane design and operation. Manufacturers are now
integrating automation, remote monitoring, and telematics into their truck
cranes to enhance performance, reduce downtime, and improve safety on-site. The
incorporation of artificial intelligence and IoT-enabled diagnostics is
transforming the way maintenance is handled, pushing the industry toward
predictive and data-driven solutions. At the same time, the Asia-Pacific region
continues to dominate the market share, driven by large-scale infrastructure
investments across China, India, and Southeast Asia, coupled with a booming logistics
and construction sector.
Restraints :
Despite these constraints, there are abundant growth opportunities on the
horizon. The ongoing global shift toward renewable energy has opened up new
demand segments, especially in wind and solar power projects that require
efficient and mobile lifting solutions. Moreover, the push toward
electrification and the development of environmentally friendly cranes with low
emissions are expected to redefine competitive positioning over the next
decade. Manufacturers are already working on integrating battery-electric and
hybrid engines into truck crane systems, with promising trials reported in
Europe and parts of North America.
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Cranes Market ? Access the full report
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The report provides a
thorough estimation of the overall impact of the pandemic on the North AmericaPhysical
Security Market and its vital segments. The report also discusses the impact of
the pandemic across different regions of the market. It also offers a current
and future assessment of the impact of the pandemic on the Truck Cranes Market
Growth
Opportunities
From a product segmentation perspective, knuckle boom truck cranes are
gaining significant traction due to their compact build and ability to perform
complex maneuvers in limited spaces. Hydraulic truck cranes also remain in
demand owing to their superior lifting capacity and adaptability to varying
load conditions. Regionally, Asia-Pacific continues to lead the market with a
31% share in 2024, largely due to ongoing smart city projects and mega
infrastructure corridors. Meanwhile, North America and Europe are focusing more
on automation and emission-reduction compliance, shaping the demand for smarter
and cleaner machines.
How will this Report Benefit you?
A 250-page report
from Emergen Research includes 194 tables and 189 charts and graphics. Anyone
in need of commercial, in-depth assessments for the global Truck Cranes Market ,
as well as comprehensive market segment analysis, can benefit from our new
study. You can assess the whole regional and global market for Truck Cranes
Market with the aid of our recent study. To increase market share, obtain
financial analysis of the whole market and its various segments. We think there
are significant prospects in this industry for rapidly expanding energy storage
technology. Look at how you may utilise the current and potential
revenue-generating prospects in this sector. The research will also assist you
in making better strategic decisions, enabling you to build growth strategies,
strengthen competitor analysis, and increase business productivity.
Truck Cranes Market Market
Segmentation Analysis
- Lifting Capacity (Tonnes) Outlook (Revenue, USD
Billion; 2020-2033)
- <150
- 150 to 300
- 300
- End-User Industry Outlook (Revenue, USD Billion;
2020-2033)
- Commercial
- Construction Sites
- Industrial
- Forestry
- Shipyards
- Others
- Type Outlook (Revenue, USD Billion; 2020-2033)
- Mounted Cranes
- Sidelift Cranes
- Boom Truck Cranes
- Others
- Regional Outlook (Revenue, USD Billion;
2020-2033)
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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Table of Contents:
Chapter 1 includes an
introduction of the global Truck Cranes Market , along with a comprehensive
market overview, market scope, product offerings, and an investigation of the
market drivers, growth opportunities, risks, restraints, and other vital
factors.
Chapter 2 offers an
in-depth analysis of the key manufacturers engaged in this business vertical,
along with their sales and revenue estimations.
Chapter 3 elaborates
on the highly competitive terrain of the market, highlighting the key
manufacturers and vendors.
In Chapter 4, our
team has fragmented the market on the basis of regions, underscoring the sales,
revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have
laid emphasis on the market segmentation based on product type and application
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