Global Lattice Cranes Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Capacity;
500mt, Between 500-3000mt and Above 3000mt.By Application;
Oil rig cranes, Marine Cranes and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Lattice Cranes Market (USD Million), 2021 - 2031
In the year 2024, the Global Lattice Cranes Market was valued at USD 2098.45 million. The size of this market is expected to increase to USD 2761.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.
The global lattice cranes market encompasses a vital segment of the construction and heavy equipment industry, characterized by the use of lattice boom structures that offer exceptional strength and lifting capacities. Lattice cranes are renowned for their ability to handle heavy loads over significant heights and distances, making them indispensable in infrastructure development, industrial projects, and resource extraction sectors worldwide. These cranes utilize lattice booms made from interconnected steel components, providing superior structural integrity and stability compared to other crane types.
Key drivers of the global lattice cranes market include ongoing infrastructure investments, urbanization trends, and industrial developments across regions. In sectors such as construction and engineering, lattice cranes play a crucial role in lifting and placing heavy materials and components during building construction, bridge erection, and large-scale civil engineering projects. Their robust design and high lifting capacities enable efficient handling of heavy loads, contributing to enhanced productivity and project timelines.
The versatility of lattice cranes extends to industries such as mining, oil and gas, and shipbuilding, where they are utilized for heavy equipment maintenance, material handling in remote locations, and assembly of large structures. These cranes are designed to withstand harsh environmental conditions and challenging terrains, offering reliability and performance in demanding operational settings. As global demand for infrastructure development and industrial expansion continues to grow, the lattice cranes market remains pivotal in supporting construction and industrial operations, driving innovation and technological advancements in crane design and capabilities.
Global Lattice Cranes Market Recent Developments
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In February 2023, Manitowoc introduced its Grove GMK6400 lattice crane, featuring improved reach and load capacity, designed for large-scale construction projects in energy and infrastructure industries.
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In October 2020, Liebherr launched the LTM 1650-8.1 lattice crane, offering enhanced lifting capacities and more efficient handling for heavy construction and industrial projects in sectors like infrastructure and mining.
Segment Analysis
The global lattice cranes market can be segmented based on type, application, and end-user industry, reflecting the diverse requirements and specialized functionalities within the crane industry. By type, lattice cranes are categorized into crawler cranes and truck-mounted cranes. Crawler lattice cranes are equipped with tracks for mobility and stability, making them suitable for navigating rough terrain and operating in confined spaces. These cranes are commonly used in construction, mining, and infrastructure projects where mobility and high lifting capacities are essential. Truck-mounted lattice cranes, on the other hand, offer greater mobility and flexibility for rapid deployment and transportation between job sites, catering to industries requiring frequent relocation and varied lifting requirements.
In terms of applications, the lattice cranes market serves a wide range of sectors including construction, heavy industries, energy, and logistics. In construction, lattice cranes are indispensable for tasks such as erecting steel structures, lifting precast concrete elements, and assembling high-rise buildings. Their ability to handle heavy loads at significant heights supports efficient project execution and contributes to construction site productivity. In heavy industries such as mining and shipbuilding, lattice cranes are utilized for equipment maintenance, handling of large components, and assembly of industrial machinery, facilitating operations in challenging environments and enhancing operational efficiency.
The end-user industries driving demand in the global lattice cranes market include infrastructure development, oil and gas exploration, power generation, and manufacturing. Infrastructure projects such as bridges, dams, and roads require lattice cranes for their robust lifting capabilities and maneuverability across diverse construction sites. In the oil and gas sector, lattice cranes support operations in refineries, offshore platforms, and pipeline installations, where they play a critical role in lifting heavy equipment and materials. Similarly, in power generation facilities and manufacturing plants, lattice cranes are utilized for maintenance shutdowns, equipment installation, and logistical operations, demonstrating their versatility and essential role in various industrial applications globally.
Global Lattice Cranes Segment Analysis
In this report, the Global Lattice Cranes Market has been segmented by Capacity, Application and Geography.
Global Lattice Cranes Market, Segmentation by Capacity
The Global Lattice Cranes Market has been segmented by Capacity into 500mt, Between 500-3000mt and Above 3000mt.
The lattice cranes with capacities up to 500 MT are typically versatile and widely used in urban construction projects, infrastructure development, and smaller-scale industrial applications. These cranes offer maneuverability and flexibility, making them suitable for lifting materials, machinery, and prefabricated components in diverse settings where space and weight limitations may apply.
Cranes with capacities ranging between 500 and 3000 MT cater to larger-scale construction projects, heavy industries, and infrastructure developments requiring substantial lifting capabilities. These cranes are essential for tasks such as erecting steel structures, assembling power generation facilities, and handling oversized equipment in sectors like mining and shipbuilding. Their robust design and high load-bearing capacity enable efficient handling of heavy loads at significant heights, contributing to project efficiency and operational productivity across various industrial applications.
For the most demanding lifting requirements, lattice cranes with capacities above 3000 MT are employed in mega-construction projects, large-scale infrastructure developments, and specialized industrial applications. These cranes are designed to lift exceptionally heavy components, such as bridge sections, offshore platforms, and oversized machinery, with precision and stability. Their deployment often involves meticulous planning and coordination due to their size and lifting power, ensuring safety and efficiency during complex lifting operations. As global demand grows for infrastructure expansion and industrial development, the market for high-capacity lattice cranes continues to evolve with advancements in crane technology and engineering, supporting the execution of ambitious projects worldwide.
Global Lattice Cranes Market, Segmentation by Application
The Global Lattice Cranes Market has been segmented by Application into Oil rig cranes, Marine Cranes and Others.
The oil rig cranes play a crucial role in offshore oil and gas exploration and production operations. These cranes are designed to handle heavy loads and operate reliably in challenging marine environments. Their robust construction and high lifting capacities make them essential for the installation and maintenance of drilling equipment and platforms, contributing to efficient offshore operations globally.
Marine cranes constitute another vital segment within the lattice cranes market, supporting various applications in maritime industries such as shipping, ports, and offshore construction. These cranes are utilized for cargo handling, vessel loading and unloading, and offshore installations, where they demonstrate versatility and reliability in demanding sea conditions. Marine cranes are engineered to withstand corrosion and saltwater exposure, ensuring long-term performance and operational safety in maritime environments worldwide.
Beyond oil rig and marine applications, lattice cranes find use in a diverse range of industries under the "Others" category. This includes construction, infrastructure development, mining, and renewable energy sectors, where lattice cranes are employed for lifting and placing heavy components, materials, and structures. Their ability to operate in confined spaces and on uneven terrain makes them suitable for urban construction projects and remote mining sites, contributing to operational efficiency and project timelines.
Global Lattice Cranes Market, Segmentation by Geography
In this report, the Global Lattice Cranes Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Lattice Cranes Market Share (%), by Geographical Region, 2024
North America and Europe are mature markets with established infrastructure and construction sectors, driving substantial demand for lattice cranes. In North America, particularly in the United States and Canada, ongoing investments in road and bridge construction, urban redevelopment projects, and industrial expansion contribute to the market's growth. European countries like Germany, the UK, and France also demonstrate strong demand for lattice cranes, supported by infrastructure upgrades, renewable energy projects, and maintenance activities in aging industrial facilities.
Asia Pacific represents a rapidly growing market for lattice cranes, fueled by extensive infrastructure development initiatives in countries like China, India, and Southeast Asian nations. Rapid urbanization, government investments in transportation networks, and industrialization drive the need for high-capacity cranes capable of handling large-scale construction projects and industrial installations. The region's robust manufacturing sector further supports demand for lattice cranes in handling heavy machinery and components across diverse industrial applications.
In the Middle East and Africa, investments in oil and gas infrastructure, urban development projects, and expanding industrial sectors contribute to the demand for lattice cranes. Countries in the Middle East, such as Saudi Arabia, UAE, and Qatar, invest significantly in infrastructure and industrial diversification efforts, driving the adoption of lattice cranes for construction, oil refinery expansions, and port facilities. In Africa, infrastructure development initiatives and natural resource extraction projects create opportunities for lattice cranes in mining operations, energy projects, and urban construction developments. Overall, the global lattice cranes market's regional segmentation reflects varied economic landscapes and infrastructure needs, influencing the adoption and growth of lattice crane solutions across different sectors and applications.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Lattice Cranes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Infrastructure investments
- Urbanization trends
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Industrial projects : Industrial projects are significant drivers of demand in the global lattice cranes market, relying heavily on these specialized cranes for their robust lifting capabilities and versatility. In sectors such as manufacturing, mining, and energy, lattice cranes play a crucial role in handling heavy machinery, components, and materials essential for industrial operations. These cranes are adept at lifting and positioning large-scale equipment during plant construction, expansion projects, and maintenance shutdowns, facilitating efficient installation and assembly processes.
In manufacturing industries, lattice cranes are instrumental in handling oversized components such as industrial boilers, turbines, and steel structures. Their ability to lift heavy loads to great heights ensures precise placement and assembly, contributing to operational efficiency and adherence to production schedules. Lattice cranes support the automotive, aerospace, and heavy equipment sectors by providing reliable lifting solutions for manufacturing lines, assembly processes, and warehouse logistics.
In mining and resource extraction industries, lattice cranes are utilized for equipment maintenance, ore handling, and construction of mining infrastructure. These cranes are essential in lifting and relocating heavy machinery and materials in challenging terrains, such as remote mining sites and rugged landscapes. Their durability and mobility enable them to operate effectively in harsh environmental conditions, supporting continuous operations and minimizing downtime in critical mining operations.
Restraints
- Operational Complexity
- High Maintenance
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Limited Maneuverability : The global lattice cranes market faces challenges related to limited maneuverability, impacting their applicability and operational efficiency in diverse environments. Lattice cranes, known for their robustness and high lifting capacities, are often characterized by their large size and weight. This physical footprint poses constraints in maneuvering within congested or confined spaces such as urban construction sites, industrial plants, and offshore platforms. The sheer size and weight of lattice cranes necessitate careful planning and coordination during deployment and operation to ensure safe maneuverability and compliance with site-specific requirements.
The design and configuration of lattice cranes, including their boom length and swing radius, can restrict their maneuverability in tight spaces or complex terrain. In urban construction settings with limited access points or overhead obstructions, maneuvering large lattice cranes becomes challenging and may require additional time and resources for setup and repositioning. Offshore environments present unique challenges where sea conditions, platform layout, and spatial constraints necessitate specialized lifting solutions that balance operational flexibility with safety and efficiency.
Cost considerations also come into play regarding the limited maneuverability of lattice cranes. The logistics involved in transporting and positioning these cranes on-site, including permits, transport routes, and crane assembly, contribute to overall project costs. The need for specialized equipment and skilled personnel to manage complex maneuvers adds to operational expenses, influencing decisions on crane selection and deployment strategies in various industrial applications.
Opportunities
- Infrastructure Expansion
- Urbanization Projects
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Industrial Growth : Industrial growth plays a pivotal role in driving the global lattice cranes market, fueled by increasing infrastructure development and expanding industrial activities worldwide. Lattice cranes are integral to the construction sector, supporting the erection of skyscrapers, bridges, and other large-scale infrastructure projects. As urbanization accelerates across regions like North America, Europe, and Asia Pacific, demand for robust lifting solutions capable of handling heavy materials and components rises correspondingly. Lattice cranes excel in these environments due to their high lifting capacities, stability, and versatility, facilitating efficient project execution and enhancing construction site productivity.
In addition to construction, industrial growth in sectors such as manufacturing, mining, and energy drives demand for lattice cranes. Manufacturing industries rely on lattice cranes for equipment installation, plant maintenance, and material handling operations. These cranes enable precise lifting and positioning of heavy machinery and components, supporting production efficiency and operational continuity. In mining and energy sectors, lattice cranes play critical roles in handling materials, maintaining infrastructure, and supporting extraction operations in challenging environments. Their ability to operate in rough terrains and harsh conditions makes lattice cranes indispensable for maintaining productivity and safety standards in resource extraction industries.
The expansion of industrial infrastructure, particularly in emerging markets of Asia Pacific, Middle East, and Africa, presents significant opportunities for the lattice cranes market. Countries investing in infrastructure upgrades, such as transportation networks, ports, and power generation facilities, require reliable lifting solutions to support construction and maintenance activities. Lattice cranes meet these requirements by offering robust performance, adaptability to varied operating conditions, and adherence to stringent safety standards. As industrial sectors continue to evolve and expand globally, the demand for lattice cranes is expected to grow, driven by ongoing infrastructure investments and modernization initiatives across diverse industries.
Competitive Landscape Analysis
Key players in Global Lattice Cranes Market include:
- Manitowoc
- Zoomlion
- Liebherr
- Terex
- Tadano
- XCMG
- Sany
- KATO
- Kobelco
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Capacity
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Lattice Cranes Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Infrastructure investments
- Urbanization trends
- Industrial projects
- Restraints
- Operational Complexity
- High Maintenance
- Limited Maneuverability
- Opportunities
- Infrastructure Expansion
- Urbanization Projects
- Industrial Growth
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Lattice Cranes Market, By Capacity, 2021 - 2031 (USD Million)
- 500mt
- Between 500-3000mt
- Above 3000mt
- Global Lattice Cranes Market, By Application, 2021 - 2031 (USD Million)
- Oil rig cranes
- Marine Cranes
- Others
- Global Lattice Cranes Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia/New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Lattice Cranes Market, By Capacity, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Manitowoc
- Zoomlion
- Liebherr
- Terex
- Tadano
- XCMG
- Sany
- KATO
- Kobelco
- Company Profiles
- Analyst Views
- Future Outlook of the Market