Key Insights
The North American mobile crane market, exhibiting a robust CAGR exceeding 6%, is poised for significant growth between 2025 and 2033. Driven by substantial infrastructure development projects, particularly in the United States, and a burgeoning construction sector across North America, demand for efficient material handling solutions is surging. This growth is further fueled by increasing investments in mining and excavation activities, especially in Canada and Mexico, necessitating heavy-duty cranes for resource extraction. The market is segmented by crane type (wheel-mounted, truck-mounted, side boom, straddle, railroad, and others), with wheel-mounted and truck-mounted cranes currently dominating due to their versatility and cost-effectiveness for various applications. Furthermore, the rising adoption of technologically advanced cranes featuring improved safety features, enhanced lifting capacities, and remote operation capabilities is driving market expansion. Leading players like Konecranes, Liebherr, and Manitowoc are actively investing in R&D and strategic partnerships to capitalize on these trends.
North America Mobile Crane Market Market Size (In Billion)
However, the market faces certain challenges. Fluctuations in raw material prices, particularly steel, can impact manufacturing costs and profitability. Furthermore, stringent safety regulations and environmental concerns regarding emissions from diesel-powered cranes are prompting a shift towards electric or hybrid models, presenting both opportunities and hurdles for manufacturers. Despite these restraints, the long-term outlook for the North American mobile crane market remains optimistic, projected by consistent infrastructure spending, robust economic growth, and the ongoing adoption of innovative technologies to enhance operational efficiency and safety. The market is expected to witness a healthy expansion across various segments, with a notable concentration of activity in construction and mining sectors, primarily fueled by large-scale projects across the region.
North America Mobile Crane Market Company Market Share
This comprehensive report provides an in-depth analysis of the North America mobile crane market, offering valuable insights for industry professionals, investors, and strategic decision-makers. The study period covers 2019-2033, with 2025 as the base and estimated year, and a forecast period of 2025-2033. The historical period analyzed is 2019-2024. This report segments the market by country (North America), crane type (Wheel-mounted Mobile Crane, Commercial Truck-mounted Crane, Side Boom, Straddle Crane, Railroad Crane, Other Types), and application type (Construction, Mining and Excavation, Marine and Offshore, Other Application Types). Key players analyzed include Konecranes, Kobelco Cranes Co Limited, Favelle Favco Group, Liebherr Group, Terex Corporation, Sumitomo Heavy Industries Construction Cranes Co Ltd, Palfinger AG, Cargotec Corporation, Tadano Demag GmbH, and Manitowoc Cranes. The report projects a market size of xx Million by 2033.
North America Mobile Crane Market Structure & Innovation Trends
This section analyzes the market structure, focusing on market concentration, innovation drivers, regulatory landscapes, product substitutes, end-user demographics, and mergers & acquisitions (M&A) activities. The report reveals the market share held by key players and the impact of M&A activities, including deal values where available. For instance, the 2021 merger between Cargotec and Konecranes significantly altered the competitive landscape. The report examines the impact of regulatory frameworks on market growth, identifying key challenges and opportunities related to safety standards and environmental regulations. Innovation drivers, such as the adoption of advanced technologies (e.g., automation, telematics), are also thoroughly analyzed, along with the role of product substitutes and evolving end-user needs. The report quantifies the market concentration through metrics such as the Herfindahl-Hirschman Index (HHI) or similar measures, reflecting the competitive intensity within the market. An analysis of M&A activities, including deal values (where available) and their impact on market dynamics will also be provided.
North America Mobile Crane Market Dynamics & Trends
This section delves into the dynamic forces shaping the North America mobile crane market. It explores market growth drivers, including infrastructure development, industrial expansion, and rising demand across various application sectors (construction, mining, etc.). Technological disruptions, such as the integration of IoT and AI, are examined, assessing their impact on efficiency, safety, and operational costs. Consumer preferences, including the growing demand for eco-friendly and technologically advanced cranes, are also analyzed. Competitive dynamics, including pricing strategies, product differentiation, and market share fluctuations, are explored to understand the competitive landscape. The Compound Annual Growth Rate (CAGR) and market penetration rates for different crane types and application segments will be provided.
Dominant Regions & Segments in North America Mobile Crane Market
This section identifies the leading regions, countries, and segments within the North America mobile crane market. Dominance is analyzed based on factors such as market size, growth rate, and key drivers.
- Key Drivers:
- Favorable economic policies promoting infrastructure development
- Robust construction activity and investments in large-scale projects.
- Increasing demand for efficient material handling solutions in various industries.
- Technological advancements leading to improved crane efficiency and safety features.
- Government regulations and safety standards influencing crane adoption.
Detailed dominance analysis examines each segment (country, type, application) to uncover reasons behind its success. For example, the reasons behind the strong performance of the wheel-mounted mobile crane segment in the construction sector are explored.
North America Mobile Crane Market Product Innovations
This section summarizes recent product developments, highlighting technological advancements, improved safety features, and enhanced operational efficiency. The competitive advantages of new products are explored, and their market fit within the context of evolving customer needs and preferences are evaluated. The section focuses on specific examples of innovative cranes, emphasizing trends in automation, electrification, and digitalization.
Report Scope & Segmentation Analysis
The report provides a comprehensive overview of market segmentation across countries (North America), crane types (Wheel-mounted Mobile Crane, Commercial Truck-mounted Crane, Side Boom, Straddle Crane, Railroad Crane, Other Types), and application types (Construction, Mining and Excavation, Marine and Offshore, Other Application Types). Growth projections, market sizes (in Million), and competitive dynamics are included for each segment. For each segment, the report will analyze the current market size, growth rate, and future outlook.
Key Drivers of North America Mobile Crane Market Growth
The key drivers propelling growth in the North America mobile crane market include:
- Increasing infrastructure spending and construction projects
- Growing demand from mining and excavation sectors
- Technological advancements, such as automation and remote control capabilities
- Government investments and favorable regulatory environments
- Rising demand for efficient and safe material handling solutions in various industries
Challenges in the North America Mobile Crane Market Sector
Significant challenges facing the North America mobile crane market include:
- Supply chain disruptions and material cost increases affecting manufacturing and pricing
- Stringent safety and environmental regulations leading to compliance costs
- Intense competition among major players influencing pricing and profitability
- Fluctuations in fuel prices impacting operational costs
- Skilled labor shortages affecting the operation and maintenance of mobile cranes.
Emerging Opportunities in North America Mobile Crane Market
Emerging opportunities include:
- Growing demand for eco-friendly cranes with reduced emissions
- Increasing adoption of digital technologies to improve operational efficiency and safety
- Expansion into new markets and application areas
- Development of specialized cranes for niche applications
- Opportunities in renewable energy projects and infrastructure modernization initiatives.
Leading Players in the North America Mobile Crane Market Market
- Konecranes
- Kobelco Cranes Co Limited
- Favelle Favco Group
- Liebherr Group
- Terex Corporation
- Sumitomo Heavy Industries Construction Cranes Co Ltd
- Palfinger AG
- Cargotec Corporation
- Tadano Demag GmbH
- Manitowoc Cranes
Key Developments in North America Mobile Crane Market Industry
- 2022: Grupo CICE ordered eco-efficient Konecranes Gottwald mobile harbor cranes, representing a significant initial order with further orders anticipated by the end of FY 2022.
- January 2022: Global Ports installed two Liebherr LHM 550 mobile harbor cranes at Vostochnaya Stevedoring Company, each capable of lifting 144 tons with a 54-meter outreach.
- 2021: Cargotec and Konecranes announced a strategic merger, impacting the market's competitive landscape and operational models.
Future Outlook for North America Mobile Crane Market Market
The North America mobile crane market is poised for sustained growth driven by robust infrastructure development, increasing industrial activity, and technological advancements. Strategic opportunities lie in the adoption of sustainable technologies, expansion into new application segments, and the development of innovative products to meet evolving market needs. The market's future growth trajectory is expected to be positive, reflecting the continued expansion of various industry sectors and ongoing infrastructure projects.
North America Mobile Crane Market Segmentation
-
1. Type
- 1.1. Wheel-mounted Mobile Crane
- 1.2. Commercial Truck-mounted Crane
- 1.3. Side Boom
- 1.4. Straddle Crane
- 1.5. Railroad Crane
- 1.6. Other Types
-
2. Application Type
- 2.1. Construction
- 2.2. Mining and Excavation
- 2.3. Marine and Offshore
- 2.4. Other Application Types
North America Mobile Crane Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
North America Mobile Crane Market Regional Market Share
Geographic Coverage of North America Mobile Crane Market
North America Mobile Crane Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of > 6.00% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Investment in Smart Cities and Housing Is Likely To Drive The Market Growth
- 3.3. Market Restrains
- 3.3.1. Lack of Skilled Operators Is Anticipate To Restrict The Market Growth
- 3.4. Market Trends
- 3.4.1. Growth of the Oil and Gas Industry in North America is Expected to Drive the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Mobile Crane Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Wheel-mounted Mobile Crane
- 5.1.2. Commercial Truck-mounted Crane
- 5.1.3. Side Boom
- 5.1.4. Straddle Crane
- 5.1.5. Railroad Crane
- 5.1.6. Other Types
- 5.2. Market Analysis, Insights and Forecast - by Application Type
- 5.2.1. Construction
- 5.2.2. Mining and Excavation
- 5.2.3. Marine and Offshore
- 5.2.4. Other Application Types
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 Konecranes
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Kobelco Cranes Co Limited
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Favelle Favco Group
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Liebherr Group
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Terex Corporatio
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Sumitomo Heavy Industries Construction Cranes Co Ltd
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Palfinger AG
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Cargotec Corporation
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Tadano Demag GmbH
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Manitowoc Cranes
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.1 Konecranes
List of Figures
- Figure 1: North America Mobile Crane Market Revenue Breakdown (Million, %) by Product 2025 & 2033
- Figure 2: North America Mobile Crane Market Share (%) by Company 2025
List of Tables
- Table 1: North America Mobile Crane Market Revenue Million Forecast, by Type 2020 & 2033
- Table 2: North America Mobile Crane Market Revenue Million Forecast, by Application Type 2020 & 2033
- Table 3: North America Mobile Crane Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: North America Mobile Crane Market Revenue Million Forecast, by Type 2020 & 2033
- Table 5: North America Mobile Crane Market Revenue Million Forecast, by Application Type 2020 & 2033
- Table 6: North America Mobile Crane Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States North America Mobile Crane Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada North America Mobile Crane Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico North America Mobile Crane Market Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Mobile Crane Market?
The projected CAGR is approximately > 6.00%.
2. Which companies are prominent players in the North America Mobile Crane Market?
Key companies in the market include Konecranes, Kobelco Cranes Co Limited, Favelle Favco Group, Liebherr Group, Terex Corporatio, Sumitomo Heavy Industries Construction Cranes Co Ltd, Palfinger AG, Cargotec Corporation, Tadano Demag GmbH, Manitowoc Cranes.
3. What are the main segments of the North America Mobile Crane Market?
The market segments include Type, Application Type.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Investment in Smart Cities and Housing Is Likely To Drive The Market Growth.
6. What are the notable trends driving market growth?
Growth of the Oil and Gas Industry in North America is Expected to Drive the Market.
7. Are there any restraints impacting market growth?
Lack of Skilled Operators Is Anticipate To Restrict The Market Growth.
8. Can you provide examples of recent developments in the market?
In 2022, Grupo CICE, a Mexican terminal operator group, ordered an eco-efficient generation 6 Konecranes Gottwald mobile harbor cranes, which is the first order of cranes. More orders are by the end of FY 2022.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Mobile Crane Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the North America Mobile Crane Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the North America Mobile Crane Market?
To stay informed about further developments, trends, and reports in the North America Mobile Crane Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence