Global Crawler Crane Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Lattice Boom Crawler Cranes, and Telescopic Boom Crawler Cranes.

By Capacity;

Below 50 Metric Tons, 50 to 250 Metric Tons, 250 to 450 Metric Tons, and 450 to 650 Metric Tons.

By Application;

Rental, Construction, Mining, Oil & Gas, and Energy.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn417146282 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Crawler Crane Market (USD Million), 2021 - 2031

In the year 2024, the Global Crawler Crane Market was valued at USD 2,859.33 million. The size of this market is expected to increase to USD 4,651.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The global crawler crane market plays a vital role in the construction, infrastructure, and heavy industrial sectors, offering robust lifting solutions for large-scale projects. Crawler cranes are track-mounted, heavy-duty lifting machines known for their high load capacity, stability, and ability to operate on rough or uneven terrain. Unlike mobile cranes with wheels, crawler cranes use tracks for mobility, enabling them to navigate challenging environments with ease. Their superior lifting capabilities make them essential in industries such as construction, oil and gas, shipbuilding, mining, and power generation, where the handling of heavy materials and equipment is critical.

The demand for crawler cranes has been steadily increasing, driven by the rising number of infrastructure development projects worldwide. Governments and private investors are heavily investing in large-scale projects such as bridges, high-rise buildings, highways, and energy plants, which require powerful lifting solutions. Additionally, the rapid expansion of renewable energy projects, particularly wind farms, has significantly contributed to market growth, as crawler cranes are commonly used to install large wind turbine components. The market is also benefiting from advancements in crane technology, including improved automation, telematics, and enhanced safety features, making modern crawler cranes more efficient and cost-effective.

Despite the growing demand, the crawler crane market faces several challenges, including high initial investment costs, stringent environmental regulations, and maintenance complexities. These cranes require significant capital expenditure and ongoing maintenance, which can be a financial burden for small and medium-sized construction firms. Additionally, emissions regulations in various regions have prompted manufacturers to develop eco-friendly and energy-efficient crawler cranes, pushing the industry toward electric and hybrid models. However, the transition to sustainable alternatives comes with its own set of cost and technological challenges, impacting market growth dynamics.

Looking ahead, the global crawler crane market is expected to witness steady growth, supported by increasing urbanization, industrialization, and the continuous push for infrastructure modernization. The Asia-Pacific region, particularly China and India, is anticipated to be a major driver of market expansion due to extensive infrastructure projects and investments in smart cities. Additionally, the rising adoption of modular construction techniques and digitalization in construction operations is expected to further enhance the efficiency and demand for crawler cranes. As manufacturers continue to innovate and develop more advanced lifting solutions, the crawler crane market is poised for sustained growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Crawler Crane Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Construction & manufacturing expansion
        2. Safety regulations boosting demand
        3. Mining & extraction sector growth
        4. Automation adoption in cranes
      2. Restraints
        1. Limited advanced crane technology availability
        2. Maintenance & downtime concerns
        3. Safety compliance issues
      3. Opportunities
        1. IoT integration in crane operations
        2. Online crane sales platforms
        3. Eco-friendly crane innovations
        4. Custom crane solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Crawler Crane Market, By Type, 2021 - 2031 (USD Million)
      1. Lattice Boom Crawler Cranes
      2. Telescopic Boom Crawler Cranes
    2. Global Crawler Crane Market, By Capacity, 2021 - 2031 (USD Million)
      1. Below 50 Metric Tons
      2. 50 to 250 Metric Tons
      3. 250 to 450 Metric Tons
      4. 450 to 650 Metric Tons
    3. Global Crawler Crane Market, By Application, 2021 - 2031 (USD Million)
      1. Rental
      2. Construction
      3. Mining
      4. Oil & Gas
      5. Energy
    4. Global Crawler Crane Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Action Construction Equipment Ltd
      2. BG Lift
      3. Bcker Maschinenwerke GmbH
      4. EFFER S.P.A.
      5. The Escorts Group
      6. Furukawa UNIC Corporation
      7. Henan SPT Machinery Equipment Co., Ltd.
      8. Hoeflon International BV
      9. Jekko s.r.l.
  7. Analyst Views
  8. Future Outlook of the Market