Crane Rental Market Size

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Report ID: 6117
Published Date: May 10, 2025
Report Format: PDF, PPT

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Crane Rental Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037

Crane Rental Market in 2025 is estimated at USD 51.24 billion. The global Market size was valued at around USD 49.27 billion in 2024 and is projected to grow at a CAGR of over 5%, reaching USD 92.91 billion revenue by 2037. Asia Pacific is forecast to collect USD 39.95 billion by 2037, driven by a surge in urbanization and manufacturing & construction demand.

This boost is anticipated by the slated demand for infrastructure development and construction projects, attracting more businesses and consumers to increase its revenue share. According to the World Bank, they provided more than 12 billion to developing countries to support infrastructure development, while highlighting that several developing countries have to spend about 4.5% of GDP for basic improvements in energy, digital, transport, and several other sectors.

Browse key industry insights with market data tables & charts from the report:

Crane Rental Market size surpassed $49.27 billion in 2024 | Eyes $92.91 billion by 2037

Frequently Asked Questions (FAQ)

Crane Rental Market in 2025 is estimated at USD 51.24 billion.

The global market size was valued at around USD 49.27 billion in 2024 and is projected to grow at a CAGR of over 5%, reaching USD 92.91 billion revenue by 2037.

Asia Pacific is forecast to collect USD 39.95 billion by 2037, driven by a surge in urbanization and manufacturing & construction demand.

The major players in the market include Sarens Group, Tiong Woon Corporation Holding Ltd., All Erection & Crane Rental Corp., Bigge Crane and Rigging Co., Barnhart Crane & Rigging, Vedanta Limited, Shanghai Zhenhua Heavy Industries Co., Ltd., Clark Rigging & Rental Corp., Sims Crane & Equipment Co.