Crane Market Outlook:
Crane Market size was over USD 34.99 billion in 2025 and is poised to exceed USD 53.82 billion by 2035, growing at over 4.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of crane is evaluated at USD 36.38 billion.
The booming construction industry is the main driver of the crane market's strong expansion. Cranes are required for the lifting and transportation of large, heavy materials due to the proliferation of high-rise structures and infrastructure projects globally. For instance, over 200,000 cranes are thought to exist worldwide, of which 125,000 are employed in the construction sector and 80,000-100,000 in the general and maritime industries.
To upgrade electricity grids, transportation networks, bridges, and other essential infrastructure elements, local governments are initiating large-scale infrastructure investment schemes. The market is being shaped by technological developments in crane design to increase lifting capacities, enhance safety measures, and offer sophisticated control systems.
