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Add to CartGlobal Telescopic Crane Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By End-Use;
Construction, Industrial, and Utilities.By Boom Type;
Straight Boom, Articulating Boom, and Telescopic Boom.By Drive Type;
Electric, Hydraulic, and Diesel.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Telescopic Crane Market (USD Million), 2021 - 2031
In the year 2024, the Global Telescopic Crane Market was valued at USD 6,879.22 million. The size of this market is expected to increase to USD 10,845.76 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.
The global telescopic crane market has witnessed significant growth over the past decade, driven by expanding construction, infrastructure development, and industrial activities worldwide. Telescopic cranes, characterized by their ability to extend and retract their boom sections, offer versatility and maneuverability in various lifting applications. With advancements in technology, telescopic cranes have become more efficient, safer, and capable of handling heavier loads, further boosting their demand across diverse industries.
Key factors fueling the growth of the global telescopic crane market include urbanization trends, increasing investments in infrastructure projects, and the expansion of the manufacturing sector. Rising demand for high-rise buildings, bridges, and other construction projects necessitates the use of telescopic cranes for lifting heavy materials and equipment. Additionally, stringent safety regulations and the need for enhanced productivity are driving the adoption of technologically advanced telescopic crane models equipped with features such as load monitoring systems, telescopic jibs, and remote operation capabilities.
Geographically, Asia Pacific has emerged as a prominent market for telescopic cranes, attributed to rapid industrialization, urbanization, and infrastructure development initiatives in countries like China, India, and Southeast Asian nations. North America and Europe also exhibit substantial demand for telescopic cranes, driven by ongoing infrastructure renewal projects and investments in sectors such as energy, manufacturing, and logistics. With the increasing focus on sustainable construction practices and the integration of smart technologies, the global telescopic crane market is poised for continued expansion in the coming years.
Global Telescopic Crane Market Recent Developments
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In April 2021, Terex launched an advanced telescopic crane equipped with new safety features and a larger boom reach, enhancing performance in construction and industrial applications
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In August 2023, Liebherr introduced a new telescopic crane model featuring hybrid power capabilities, reducing fuel consumption while maintaining lifting efficiency in demanding construction environments
Segment Analysis
This report extensively covers different segments of Global Telescopic Crane Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
The global telescopic crane market is segmented by end-use industries and geography, reflecting the diverse applications and regional variations in demand. In terms of end-use industries, the market encompasses construction, oil and gas, shipping and logistics, manufacturing, and others. Construction remains the dominant segment owing to the widespread use of telescopic cranes for lifting heavy materials and equipment in building high-rise structures, bridges, and infrastructure projects. The oil and gas sector also presents a significant market opportunity, as telescopic cranes are utilized in activities such as offshore rigging, pipeline installation, and maintenance operations.
Geographically, the global telescopic crane market exhibits varying dynamics across regions. Asia Pacific emerges as a key market driven by rapid urbanization, industrialization, and infrastructure development initiatives in countries like China, India, and Southeast Asian nations. The construction boom in these regions fuels the demand for telescopic cranes, particularly in urban centers experiencing high-rise building construction and infrastructure expansion. North America and Europe also represent substantial markets for telescopic cranes, supported by ongoing infrastructure renewal projects, industrial activities, and investments in sectors such as energy and manufacturing.
Within each region, specific market trends and preferences influence the adoption of telescopic cranes. For instance, in Europe, stringent safety regulations and emphasis on sustainable construction practices drive the demand for technologically advanced telescopic crane models equipped with safety features and environmental-friendly design elements. Meanwhile, in emerging economies like India and China, cost-effectiveness and reliability play a crucial role in purchasing decisions, prompting manufacturers to focus on offering efficient yet affordable telescopic crane solutions tailored to local market needs. Overall, the segmentation by end-use industries and geography provides insights into the diverse applications and regional dynamics shaping the global telescopic crane market.
Global Telescopic Crane Segment Analysis
In this report, the Global Telescopic Crane Market has been segmented by End-Use Boom Type, Drive Type and Geography.
Global Telescopic Crane Market, Segmentation by End-Use
The Global Telescopic Crane Market has been segmented by End-Use into Construction, Industrial and Utilities.
The segmentation of the global telescopic crane market by end-use into construction, industrial, and utilities reflects the diverse applications and specialized requirements within these sectors. Construction remains a primary driver of demand for telescopic cranes, with the need for heavy lifting in building skyscrapers, bridges, and infrastructure projects. Telescopic cranes offer versatility and maneuverability, making them essential equipment for construction companies seeking efficient solutions for lifting and placing materials at various heights and distances on job sites.
The industrial sector represents another significant end-use segment for telescopic cranes, encompassing manufacturing facilities, warehouses, and ports. In industrial settings, telescopic cranes play a crucial role in material handling, equipment installation, and maintenance operations. Their ability to extend and retract their boom sections enables them to navigate tight spaces and reach inaccessible areas within factories or storage facilities, enhancing productivity and operational efficiency for businesses across various industries.
Utilities form a specialized end-use segment within the global telescopic crane market, encompassing applications in power generation, transmission, and maintenance. Telescopic cranes are employed for tasks such as installing utility poles, repairing electrical lines, and servicing equipment at power plants. The flexibility and precision offered by telescopic cranes are particularly valuable in utility operations, where safety and reliability are paramount. As the demand for energy infrastructure continues to grow globally, the utility segment is expected to contribute significantly to the sustained expansion of the telescopic crane market.
Global Telescopic Crane Market, Segmentation by Boom Type
The Global Telescopic Crane Market has been segmented by Boom Type into Straight Boom, Articulating Boom, and Telescopic Boom.
The Global Telescopic Crane Market is categorized based on boom type, which includes Straight Boom, Articulating Boom, and Telescopic Boom. Each type serves distinct applications across various industries, contributing to the overall market dynamics. Straight boom cranes are widely used for lifting heavy loads in construction, mining, and logistics, offering a rigid structure that provides enhanced stability and precision. These cranes are preferred for applications requiring high reach and minimal horizontal movement, making them ideal for tasks such as material handling in high-rise construction projects.
The articulating boom cranes, also known as knuckle boom cranes, provide superior flexibility due to their multiple joints, allowing them to maneuver in tight spaces. These cranes are extensively used in industries such as oil & gas, shipbuilding, and utility maintenance, where compactness and versatility are essential. Their ability to reach difficult areas while maintaining a strong lifting capacity makes them highly suitable for urban infrastructure projects and confined work environments. Additionally, advancements in hydraulic systems have improved their operational efficiency, further increasing their adoption.
The telescopic boom cranes represent a significant portion of the market, offering a retractable boom design that extends and contracts as needed. These cranes are widely used in mobile crane applications, including road construction, emergency rescue operations, and military logistics. The telescopic design provides a balance between reach and compactness, making them adaptable for both short-term and long-term lifting operations. The increasing demand for mobile and all-terrain cranes, driven by large-scale infrastructure projects and the expansion of the construction sector, is expected to fuel the growth of this segment in the coming years.
Global Telescopic Crane Market, Segmentation by Drive Type
The Global Telescopic Crane Market has been segmented by Drive Type into Electric, Hydraulic, and Diesel.
The Global Telescopic Crane Market is segmented based on drive type into Electric, Hydraulic, and Diesel, each catering to different operational needs and industry requirements. Electric telescopic cranes are gaining traction due to their eco-friendly nature, lower operational costs, and reduced noise levels. These cranes are particularly favored in urban construction projects, warehouses, and indoor applications where emissions and noise regulations are stringent. With the growing push for sustainability and stringent environmental regulations, the adoption of electric-powered cranes is expected to increase in the coming years.
Hydraulic telescopic cranes dominate the market due to their superior load-lifting capacity, precision control, and reliability in demanding conditions. These cranes are extensively used in heavy construction, shipbuilding, and infrastructure development projects where high performance and durability are essential. The hydraulic drive system enables smooth and efficient lifting operations, making it ideal for applications requiring frequent and heavy-duty lifting. Additionally, continuous advancements in hydraulic technology, such as improved efficiency and reduced maintenance requirements, are further driving the demand for these cranes.
On the other hand, diesel-powered telescopic cranes remain a popular choice for off-road and remote applications where access to electricity is limited. These cranes offer high power output, making them suitable for rugged environments such as oil & gas sites, mining operations, and large-scale construction projects. While diesel cranes continue to dominate in specific industries, concerns over fuel costs and emissions regulations are prompting manufacturers to explore hybrid or alternative fuel solutions. The market for diesel-powered cranes is expected to remain stable, with gradual shifts toward greener alternatives as governments and industries push for cleaner energy sources.
Global Telescopic Crane Market, Segmentation by Geography
In this report, the Global Telescopic Crane Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Telescopic Crane Market Share (%), by Geographical Region, 2024
The global telescopic crane market exhibits varying market shares across different geographical regions, reflecting the unique economic, industrial, and infrastructural landscapes of each region. Asia Pacific commands a significant share of the market, driven by rapid urbanization, industrialization, and infrastructure development in countries such as China, India, and Southeast Asian nations. With burgeoning construction activities and increasing investments in infrastructure projects, Asia Pacific emerges as a key market for telescopic cranes, accounting for a substantial portion of the global market share.
North America represents another sizable segment of the global telescopic crane market, fueled by ongoing infrastructure development initiatives, particularly in the United States and Canada. Infrastructure renewal projects, along with investments in sectors such as energy, manufacturing, and logistics, contribute to the demand for telescopic cranes in the region. Additionally, stringent safety regulations and the need for efficient lifting solutions further drive the adoption of telescopic cranes across various end-use industries in North America.
Europe holds a notable share of the global telescopic crane market, supported by infrastructure modernization efforts, urban redevelopment projects, and investments in renewable energy sources. Countries within the European Union prioritize sustainability and safety in construction practices, influencing the adoption of advanced telescopic crane models equipped with innovative features. With the region's focus on environmental consciousness and technological advancements, Europe continues to be a significant market for telescopic cranes, contributing to the overall global market share.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Telescopic Crane Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Infrastructure Growth
- Technological Advancements
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Urbanization Trends- Urbanization trends play a significant role in shaping the demand for telescopic cranes globally. As populations continue to migrate from rural to urban areas, there is a corresponding increase in construction activities to accommodate the growing urban population. Telescopic cranes are indispensable in urban construction projects, facilitating the lifting and positioning of heavy materials and equipment in confined spaces and high-rise structures. The proliferation of skyscrapers, residential complexes, commercial buildings, and infrastructure projects in urban areas drives the need for efficient and versatile lifting solutions, thereby fueling the demand for telescopic cranes.
Rapid urbanization often leads to infrastructure development initiatives aimed at enhancing transportation networks, utilities, and public amenities in cities. Telescopic cranes are essential equipment in infrastructure construction projects such as bridges, highways, railways, airports, and metro systems. The ability of telescopic cranes to navigate congested urban environments and reach elevated work sites makes them invaluable in executing infrastructure projects efficiently and safely. As governments and private developers continue to invest in urban infrastructure to support growing urban populations, the demand for telescopic cranes is expected to remain robust.
Urbanization is accompanied by the revitalization and redevelopment of existing urban areas, including renovation projects, historical preservation, and brownfield redevelopment. Telescopic cranes play a crucial role in these urban revitalization efforts by facilitating the dismantling, relocation, and installation of structures and components. Their versatility and precision enable contractors to navigate complex urban landscapes and execute renovation projects with minimal disruption to surrounding infrastructure and communities. As cities worldwide undergo continuous transformation and renewal, telescopic cranes are poised to play a vital role in shaping the urban landscape of the future.
Restraints:
- Regulatory Compliance
- Economic Uncertainty
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Environmental Concerns- Environmental concerns are increasingly influencing the global telescopic crane market, prompting manufacturers and end-users to prioritize sustainability and eco-friendly practices. One major area of focus is the reduction of carbon emissions and energy consumption associated with crane operations. Telescopic crane manufacturers are investing in research and development to develop more energy-efficient models, incorporating features such as regenerative braking systems, hybrid powertrains, and lightweight materials to improve fuel efficiency and minimize environmental impact during operation.
Another aspect of environmental concern in the telescopic crane market is the management of waste materials and the promotion of recycling practices. As telescopic cranes are often involved in construction and infrastructure projects, there is a significant amount of waste generated from construction sites. Manufacturers and end-users are increasingly adopting practices to minimize waste generation, such as optimizing material handling processes, using recyclable materials in crane construction, and implementing waste management systems to segregate and recycle materials whenever possible.
The focus on environmental sustainability is driving innovation in crane design and technology to reduce noise pollution and minimize disruption to surrounding ecosystems. Telescopic crane manufacturers are developing quieter operating systems and implementing sound-dampening technologies to mitigate noise emissions during crane operations, particularly in urban and sensitive environmental areas. Additionally, the adoption of electric and battery-powered telescopic cranes is gaining traction as a means to eliminate emissions and reduce the ecological footprint of crane operations, reflecting the industry's commitment to environmental stewardship and sustainable development.
Opportunities:
- Emerging Markets
- Retrofitting and Modernization
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Adoption of Rental Services- The global telescopic crane market has witnessed a notable trend towards the adoption of rental services, reflecting the evolving preferences of end-users seeking flexibility, cost-effectiveness, and access to specialized equipment on a temporary basis. Rental services offer numerous advantages to businesses, allowing them to mitigate the high upfront costs associated with purchasing telescopic cranes while providing the flexibility to scale their operations according to project requirements. This trend is particularly prominent in industries such as construction, oil and gas, and infrastructure development, where the need for lifting equipment fluctuates based on project timelines and scope.
The growing adoption of rental services in the telescopic crane market is also attributed to the increasing focus on operational efficiency and asset optimization among businesses. Renting telescopic cranes enables companies to access the latest equipment models and technologies without committing to long-term investments or bearing the maintenance and depreciation costs associated with ownership. Moreover, rental services offer greater flexibility in adapting to changing project demands, allowing businesses to optimize their resource allocation and improve overall project management efficiency.
Geographically, the adoption of rental services in the telescopic crane market varies across regions, influenced by factors such as market maturity, regulatory environment, and infrastructure development trends. Developed economies in North America and Europe have well-established rental markets for construction equipment, including telescopic cranes, driven by stringent safety regulations, and a preference for outsourcing non-core operations. In contrast, emerging economies in Asia Pacific and Latin America are experiencing a growing demand for rental services as construction and infrastructure projects proliferate, presenting lucrative opportunities for rental service providers to expand their operations and cater to the evolving needs of businesses in these regions.
Competitive Landscape Analysis
Key players in Global Telescopic Crane Market include:
- J C Bamford Excavators Ltd.
- Kobe Steel Ltd.
- Liebherr-International AG
- SANY Group Co. Ltd.
- Sumitomo Heavy Industries Ltd.
- Tadano Ltd.
- Terex Corp.
- The Manitowoc Co. Inc.
- Xugong Group Construction Machinery Co. Ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
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 End-Use
- Market Snapshot, By Boom Type
- Market Snapshot, By Drive Type
- Market Snapshot, By Region
- Market Opportunity Map
- Global Telescopic Crane Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Infrastructure Growth
- Technological Advancements
- Urbanization Trends
- Restraints
- Regulatory Compliance
- Economic Uncertainty
- Environmental Concerns
- Opportunities
- Emerging Markets
- Retrofitting and Modernization
- Adoption of Rental Services
- 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 Telescopic Crane Market, By End-Use, 2021 - 2031 (USD Million)
- Construction
- Industrial
- Utilities
- Global Telescopic Crane Market, By Boom Type, 2021 - 2031 (USD Million)
- Straight Boom
- Articulating Boom
- Telescopic Boom
- Global Telescopic Crane Market, By Drive Type, 2021 - 2031 (USD Million)
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Electric
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Hydraulic
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Diesel
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- Global Telescopic Crane 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 (Association of South East Asian Countries)
- 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 Telescopic Crane Market, By End-Use, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- J C Bamford Excavators Ltd.
- Kobe Steel Ltd.
- Liebherr-International AG
- SANY Group Co. Ltd.
- Sumitomo Heavy Industries Ltd.
- Tadano Ltd.
- Terex Corp.
- The Manitowoc Co. Inc.
- Xugong Group Construction Machinery Co. Ltd.
- Zoomlion Heavy Industry Science and Technology Co. Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market