The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising public infrastructure building is likely to stimulate innovation in truck mounted crane manufacturing, propelling the market over the forecast period.

The global truck mounted crane market is expected to grow from $6.76 billion in 2022 to $7.18 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global truck mounted crane market size is expected to grow to $9.00 billion in 2027 at a CAGR of 5.8%.

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Global Truck Mounted Crane Market Segments Include:

• By Type: Articulating Cranes, Hydraulic Cranes, Telescopic Cranes, Other Types
• By Drive: Electrical, Mechanical, Hydraulic
• By Lifting Capacity: Below 15 Ton, 15 to 30 Ton, 30 to 50 Ton, Above 50 Ton
• By End Use: Industrial, Commercial, Infrastructure, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global truck mounted crane market in 2021.

Major Market Players in the truck mounted crane market include Sany Heavy Industry Co. Ltd., Liebherr Group, Tadano Ltd., Furukawa Unic Corporation, Terex Corporation, The Manitowoc Company Inc., Altec Inc., Kato Works Co. Ltd.

Product innovation is a hot trend in the truck mounted cranes market. To maintain their market position, major businesses in the truck mounted cranes industry are offering innovative products. Zoomlion Heavy Industry Science & Technology (Zoomlion), a China-based construction and farm machinery manufacturer, debuted the ZTC250N-EV, a completely electric truck crane, in May 2020. The ZTC250N-EV is outfitted with a high energy storage density LFP battery and advanced control systems, allowing for great vehicle precision and better safety. It is a 25-ton weighted crane truck with a top speed of 90 km/h and a gradeability of 50%. Furthermore, it costs 35% less than other fuel-powered devices and emits no emissions, making it more environmentally friendly and cost-effective than conventional truck cranes.

The Truck Mounted Crane Global Market Report 2023  provides a truck mounted crane market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The truck mounted crane market forecast analyzes truck mounted crane market size, truck mounted crane market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Truck mounted cranes are mechanically powered loading and unloading equipment that can be transported to any site where it is needed. It is used to haul and carry big gear as well as damaged vehicles.

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