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).
Report ID: Rn326082340 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Capacity
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Lattice Cranes Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Infrastructure investments
        2. Urbanization trends
        3. Industrial projects
      2. Restraints
        1. Operational Complexity
        2. High Maintenance
        3. Limited Maneuverability
      3. Opportunities
        1. Infrastructure Expansion
        2. Urbanization Projects
        3. Industrial Growth
    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 Lattice Cranes Market, By Capacity, 2021 - 2031 (USD Million)
      1. 500mt
      2. Between 500-3000mt
      3. Above 3000mt
    2. Global Lattice Cranes Market, By Application, 2021 - 2031 (USD Million)
      1. Oil rig cranes
      2. Marine Cranes
      3. Others
    3. Global Lattice Cranes 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
        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
    1. Company Profiles
      1. Manitowoc
      2. Zoomlion
      3. Liebherr
      4. Terex
      5. Tadano
      6. XCMG
      7. Sany
      8. KATO
      9. Kobelco
  7. Analyst Views
  8. Future Outlook of the Market