All-Terrain Crane Market Emerging Trends, Investment Opportunities & Competitive Benchmarking

All-Terrain Cranes Market Size, Analysis and Strategic Insights

The all-terrain crane market is expected to grow from USD 9.65 billion in 2025 to USD 16.84 billion by 2034, with a CAGR of 6.38% throughout the forecast period from 2025 to 2034.

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Introduction

The all-terrain crane market is a prominent segment of the heavy equipment industry. This industry deals in manufacturing and distribution of all-terrain cranes across the world. These cranes are available in the market by different capacity including less than 200 tons, 200-500 tons, more than 500 tons and some others. It finds applications in various end-use sectors comprising of construction, industries, utilities and some others. The rise in number of residential constructions in different parts of the world has boosted the market expansion. This market is expected to rise significantly with the growth of the mining sector in different parts of the globe.

Highlights of the All-Terrain Crane Market

• North America held the highest share of the all-terrain crane market.
• Asia Pacific is expected to grow with the highest CAGR during the forecast period.
• By type, the less than 200 tons segment held the largest share of the market.
• By type, the 200-500 tons segment is anticipated to rise with a considerable CAGR during the forecast period.
• By application, the construction segment dominated this industry.
• By application, the industries segment is predicted to rise with a significant CAGR during the forecast period.

What are the Trends of All-Terrain Crane Market in 2025?

The major trends in this industry consists of plug-in-hybrid cranes, electric all-terrain cranes, and increase in number of constructions.

Plug-in-Hybrid Cranes

Several crane manufacturers have started developing plug-in-hybrid all-terrain cranes to reduce emission. For instance, in April 2025, Manitowoc launched a plug-in hybrid all-terrain crane. This crane supports HVO 100 fuel that helps in reducing 90% emission while travelling. (Source: OEM Off-Highway)

Electric All-Terrain Cranes

Various market players are investing heavily for designing electric all-terrain cranes which helps in combating pollution and reducing maintenance cost. For instance, in April 2025, Liebherr launched an electric all-terrain crane named as ‘LTM 1150-5.4E’. This crane is equipped with weighing capacity of around 150 tons. (Source: Liebherr)

Increase In Number of Constructions

The demand for all-terrain cranes has gained traction in recent times due to rise in number of commercial constructions in developed nations. According to the Australian Bureau of Statistics, around 6104 private office construction were approved in Australia during May 2025. (Source: ABS business)

Type Insights

The less than 200 tons segment held the largest share of the market. The demand for less than 200 tons cranes has rapidly increased due to its application in constructing bridges and roads, thereby driving the market growth. Additionally, the rising use of these cranes for installing wind turbines in remote areas is further adding to the industrial expansion. Moreover, the increased emphasis on developing electric cranes with weighing capacity of less than 200 tons is likely to propel the growth of the all-terrain crane market.

• In April 2023, Tadano launched GR-1000XLL EVOLT. GR-1000XLL EVOLT is an electric rough terrain crane designed for operating in construction areas. (Source: KHL Group)

The 200-500 tons segment is anticipated to rise with a considerable CAGR during the forecast period. The demand for 200-500 tons cranes has rapidly increased in mining sector and oil & gas industry, thereby driving the market growth. Also, the rising applications of these cranes in port and harbor operations for handling heavy cargo and loading containers is contributing positively to the overall industrial expansion. Moreover, numerous advantages of 200-500 tons all-terrain cranes such as mobility, versatility, flexibility, adaptability and some others is likely to foster the growth of the all-terrain crane market.

• In April 2024, SANY partnered with Allison Transmission. This partnership is done for launching STC5000 500-ton all-terrain cranes in remote areas of China. (Source: Allison Transmission)

Application Insights

The construction segment dominated this industry. The rise in number of office building in numerous countries such as the U.S., India, Japan, UK, Germany and some others has driven the market growth. Additionally, rapid investment by government for developing the road infrastructure in different countries is further contributing to the industrial growth. Moreover, constant research and development related to production of all-terrain cranes to cater the needs of the construction sector is likely to boost the growth of the all-terrain crane market.

• In August 2024, Manitowoc launched Grove GRT765 and GRT780. These rough-terrain cranes are designed for operating in highway construction and building bridges. (Source: For Construction Pros)

The industries segment is predicted to rise with a significant CAGR during the forecast period. The rising use of all-terrain cranes in oil and gas industry for pipeline installation and heavy equipment handling has boosted the market expansion. Additionally, numerous applications of these cranes in power management industry and mining sector is contributing to overall the industrial growth. Moreover, market players are constantly engaged in designing new cranes to cater the needs of diverse industries, thereby driving the growth of the all-terrain crane market.

• In August 2024, Terex launched TRT 100 and TRT 60. These are rough terrain cranes designed for operating in several industries such as mining, energy, logistics and some others. (Source: Cranes Today)

Geographical Insights

North America held the highest share of the all-terrain crane market. The rise in number of residential constructions in several places such as Ontario, New York, Chicago, San Diego, Toronto, Montreal and some others has increased the demand for all-terrain cranes, thereby driving the market expansion. Also, the rapid adoption of these cranes in numerous industries such as mining and telecommunication is further contributing to the industrial growth. Moreover, the presence of several market players such as Elliott Equipment Company, Manitex International Inc., Link-Belt Cranes, Altec Industries and some others is projected to boost the growth of the all-terrain crane market in this region.

• In October 2024, Link-Belt launched 225|AT All Terrain crane in the U.S. This crane is equipped with Pulse 2.0 operating system and a wireless rigging remote. (Source: Link-Belt Cranes)

U.S. dominated the market in this region. The growing adoption of electric all-terrain cranes in construction sectors for reducing emission has boosted the market growth. Additionally, rapid investment by government for strengthening the maritime industry is further contributing to the overall industrial expansion.

• In April 2025, the government of the U.S. launched the Maritime Action Plan. This initiative is launched with an aim at transforming the maritime sector across the U.S. (Source: The White House)

Asia Pacific is expected to grow with the highest CAGR during the forecast period. The rise in number of multistoried buildings in several countries such as China, Japan, India and some others is increasing the demand for all-terrain cranes, thereby fostering the industrial growth. Additionally, the technological advancements in heavy equipment industry along with rapid investment in renewable energy sector is likely to contribute to the market expansion. Moreover, the presence of various crane manufacturers such as SANY GROUP, KATO WORKS CO., LTD, XCMG Group and some others is expected to drive the growth of the all-terrain crane market in this region.

• In December 2024, ACE joined hands with Kato Works. This joint venture is done for developing a wide variety of cranes in India. (Source: B2B Purchase)

China is the major contributor in this region. In China, the market is generally driven by the rapid investment in construction sector along with technological advancements in crane manufacturing sector. Additionally, the availability of skilled operators coupled with rise in number of ports is contributing to the market growth.

• In February 2025, the government of China announced to invest around US$ 70.7 billion. This investment is done for constructing new road in China. (Source: FISF)

Industry Leader Announcement

• In February 2025, Florian Peters, the senior product manager for all-terrain cranes at Manitowoc made an announcement stating that, “These new Plug-in Hybrid cranes deliver more sustainable lifting and boost owners’ environmental credentials. They can drive to the job site using HVO fuel to power the efficient Mercedes-Benz engine and reduce carbon emissions by up to 90% while simultaneously charging the batteries. Then, they can set up and use clean electricity to handle the lifting tasks. There’s also a massive reduction in noise pollution – a great advantage when operating in a city center.”

Competitive Landscape

The all-terrain crane market is a rapidly developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of CERTEX USA; KITO CORPORATION; Komatsu Ltd; Demag Cranes & Components GmbH; GORBEL INC.; Hitachi Construction Machinery Europe NV; BUCKNER HEAVYLIFT CRANES, LLC; CARGOTEC CORPORATION; Caterpillar; Konecranes; LIEBHERR; PALFINGER AG; Pelloby Premier Cranes; SANY Group; Street Crane Company Limited; Tadano Ltd; Terex Corporation; Manitowoc Company, Inc.; Zoomlion, XCMG; and some others. These companies are constantly engaged in developing all-terrain cranes and adopting numerous strategies such as collaborations, launches, partnerships, business expansions, acquisitions, joint ventures, and some others to maintain their dominance in this industry.

• In November 2024, Sany Group launched SAC40000T. SAC40000T is an all-terrain crane equipped with a lifting capacity of around 350 tons. (Source: SANY)

• In September 2024, Zoomlion launched a 4,000-ton all-terrain crane. This crane is capable of installing turbines at a height of around 185 meters. (Source: Cision)

• According to the annual report of Manitowoc, the revenue of the company in 2023 was around US$ 613 million that increased to US$ 629 million in 2024. (Source: Financials)

Recent Developments

• In March 2025, Tadano launched AC 5.250L-2. AC 5.250L-2 is an all-terrain crane equipped with a 530-hp Mercedes-Benz engine that delivers superior performance. (Source: Race Auto India)
• In February 2025, Liebherr launched LTM 1120-4.2. LTM 1120-4.2 is an all-terrain crane is equipped with various advanced features such as LICCON3 control system and TraXon DynamicPerform oil-cooled starting clutch that enhances the overall drivability. (Source: Cranes Today)
• In May 2023, AP Rentals launched a 200tons all-terrain crane. This crane is designed for heavy lifting projects in construction sites. (Source: AP Rentals Limited)

All-Terrain Crane Market Segments

By Type

• Less than 200 ton
• 200 to 500 ton
• More than 500 ton

By Application

• Construction
• Utilities
• Industries

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• The Middle East and Africa