All-Terrain Crane Market Size to Scale $16.84 Bn by 2034

All-Terrain Crane Market Analysis, Demand and Growth Rate Forecast 2034

The all-terrain crane industry is expected to grow from USD 9.07 billion in 2024 to USD 16.84 billion by 2034, driven by a CAGR of 6.38%. Global market disruptions slowed economies and halted production, leading to a decline in all-terrain crane demand. However, as economies recover, markets like China and India are seeing renewed growth, driven by construction and infrastructure projects. High costs and rising equipment rentals may limit new sales.

Last Updated: 17 February 2025 Category: Mobility Insight Code: 1091 Format: PDF / PPT / Excel

Senior Research Analyst

Dr. Arjun Patel

Reviewed By

Aditi Shivarkar

All-Terrain Crane Market Size and Growth Analysis

The all-terrain crane market is forecasted to expand from USD 9.65 billion in 2025 to USD 16.84 billion by 2034, growing at a CAGR of 6.38% from 2025 to 2034.

All Terrain Crane Market Size 2023 to 2034

However, the business landscape has been significantly impacted by the COVID-19 pandemic, leading to widespread disruptions across major markets worldwide. The pandemic-induced economic slowdown and supply chain disruptions forced the closure of many manufacturing facilities and Original Equipment Manufacturers (OEMs), halting production activities to comply with local regulations and curb the spread of the virus.

During this period, the demand for all-terrain cranes experienced a notable decline. Nevertheless, as economies gradually reopen and demand rebounds, there is a resurgence in the market, particularly in regions such as China and India. The revival of the construction and transportation sectors, coupled with various infrastructure projects, is expected to have a positive ripple effect on the entire crane industry. While developed markets witness robust growth in construction and renovation activities, emerging markets are also expected to witness notable demand for all-terrain cranes during the forecast period.

Despite the promising growth prospects, certain factors may act as impediments to the growth of the crane market. High medical costs and substantial initial investment requirements could pose challenges for market expansion. Additionally, the increasing trend towards equipment rental worldwide may impact sales in the new all-terrain crane market segment.

For Instance,

  • The downturn in the non-financial market, sluggish sales of new housing projects globally, and the lingering impact of the COVID-19 pandemic have collectively dampened the growth momentum of the crane industry, thereby affecting the demand for new cranes.

Europe stands out as the largest market globally for all-terrain cranes, driven by robust infrastructure development and construction activities. Although the Chinese market has experienced relatively slower growth, the Asia-Pacific region remains the largest market for various types of cranes, underscoring the region's significance in the global crane industry landscape.

Construction is Driving the All-Terrain Crane Market

According to the American Society of Civil Engineers, the projected cost of repairing the current state of infrastructure in the United States stands at nearly $4 trillion by 2025. Furthermore, the global construction industry's growth trajectory and investments in infrastructure are anticipated to drive economic expansion. The accelerated adoption of all-terrain cranes is expected, propelled by the expansion of cement plants and the increased capacity in shipbuilding and repair projects.

Major players in the crane market are actively engaged in developing new cranes equipped with cutting-edge technologies. For instance, in May 2022, Tadano has launched a new line of all-terrain cranes, using the manufacturing experience of its Zweibrücken and Lauf plants in Germany.

Moreover, intensified competition within the construction industry is projected to drive up crane rental prices, thereby boosting overall crane revenue. Demand for all-terrain cranes and crane rentals is on the rise. Given the high costs associated with purchasing new equipment, as well as maintenance and storage concerns, leasing has emerged as a viable alternative for businesses, especially newcomers in the industry. In fact, for short-term utilization, renting machinery proves to be a more cost-effective option for construction professionals, enabling efficient use of resources.

Europe is the Leading the All-Terrain Crane Market

According to the EU Cohesion Policy, approximately 4 billion euros of EU funds are slated to be invested in 25 major projects spanning 10 states. These investments are earmarked for Bulgaria, Czech Republic, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal, and Romania. The projects encompass a wide array of sectors including health, transportation, science, environment, and energy, reflecting the EU's commitment to regional development and infrastructure enhancement.

All Terrain Crane Market NA, EU, APAC, LA, MEA Share, 2024

  • In 2021, the European equipment market experienced significant growth, with overall sales surpassing a 4% increase compared to the previous year. This uptrend indicates a robust recovery and renewed confidence in the region's economic prospects.

Despite the challenges posed by the COVID-19 pandemic in 2020, which resulted in subdued sales across the crane industry, the adoption of digitalization and connectivity has ushered in a new era of innovation and efficiency in the construction sector. Many European countries have embarked on ambitious infrastructure projects, revitalizing the road and construction industries across the continent.

Recent Instances Further Underscore this Trend

  • January 2023: The European Commission announces a new round of funding under the EU Cohesion Policy, allocating an additional 2 billion euros for infrastructure development projects in Eastern European countries such as Hungary, Poland, and Romania.
  • March 2023: Germany unveils plans to invest heavily in renewable energy infrastructure, with a focus on wind and solar projects. This initiative is part of the country's broader strategy to transition to clean energy sources and reduce carbon emissions.
  • July 2023: Italy launches the "Green Cities Initiative," a comprehensive program aimed at modernizing urban infrastructure to enhance sustainability and resilience to climate change. The initiative includes investments in green transportation, renewable energy, and eco-friendly building practices.

All-Terrain Crane Industry Overview

The off-road crane market is predominantly controlled by both international giants and regional players, with key contenders including Liebherr International AG, Terex AG, and XCMG. These major players continuously expand their product portfolios by introducing new crane models to stay competitive within the industry.

Recent instances of product launches by major players in the off-road crane market include:

  • In May 2022, Manitowoc bolstered its Grove mobile crane lineup with the introduction of the innovative four-axle TTS9000-2. This new model features full steps and long stay jibs, catering to the evolving needs of customers. Manitowoc's commitment to enhancing its offerings is evident through its incorporation of customer feedback, utilizing the Voice of the Customer approach to drive engineering improvements and boost productivity.
  • Sany Heavy Industry made waves in May 2021 with the unveiling of the STC250HBEV, the world's first licensed electric crane. Equipped with a seven-section 92-meter main boom and a heavy-duty hydraulically mounted wind turbine extension, this crane is specifically designed for wind turbine repair and maintenance tasks. Sany's foray into electric crane technology reflects its dedication to innovation and sustainability within the off-road crane market.
  • Liebherr made headlines at CON EXPO 2020 with the announcement of its most powerful four-axle off-road crane, the LTM 1120-4.1. This groundbreaking model boasts impressive capabilities and performance, setting a new standard in the industry. The company commenced shipments of the LTM 1120-4.1 in January 2021, signaling its commitment to delivering cutting-edge solutions to meet evolving market demands.

ALL-Terrain Crane Market Companies

All-Terrain Crane Market Leaders

  • Sany Heavy Industry Co., Ltd
  • Manitowoc
  • Terex Corporation
  • Liebherr-International AG
  • Tadano Limited
  • Zoomlion Heavy Industry Science and Technology Co. Ltd.
  • Kobelco Cranes Co. Ltd
  • Manitex International Inc
  • Hitachi Sumitomo Heavy Industries Construction Cranes Co. Ltd.
  • XCMG Group

All-Terrain Crane Market News

  • In April 2022, Terex made a significant move by announcing the acquisition of Steelweld, a heavy-duty manufacturer based in Northern Ireland. This strategic acquisition aligns with Terex's growth strategy for its Work Equipment division, leveraging the manufacturing capabilities in Northern Ireland to enhance its product offerings.
  • In February 2022, NORWALK demonstrated its commitment to innovation by initiating a Series B investment in Viatec, Inc., a plug-and-play manufacturer based in South Carolina. This investment aims to capitalize on the growing demand for electronic power take-off (PTO) systems, which enable the efficient transfer of power to electrical equipment. By partnering with Viatec, NORWALK seeks to strengthen its position in the market for power transmission solutions.
  • In October 2021, Manitowoc, a leading crane manufacturer, introduced two new models to its portfolio: the Grove GMK5120L and Grove GMK5150XL. These state-of-the-art cranes were unveiled at Manitowoc's Wilhelmshaven plant in northern Germany, showcasing the company's commitment to innovation and product development. The launch of these new models further solidifies Manitowoc's position as a frontrunner in the crane industry.
  • In January 2022, Liebherr launched the LR 1800-1.0 crawler crane, featuring a lifting capacity of 800 tonnes and a maximum boom length of 180 meters. This new addition to Liebherr's crane lineup showcases the company's commitment to providing high-performance solutions for heavy lifting applications.
  • In March 2022, Tadano introduced the GR-1300XL rough terrain crane, designed for versatility and efficiency in challenging job sites. With a maximum lifting capacity of 130 tonnes and advanced safety features, the GR-1300XL represents Tadano's dedication to meeting the diverse needs of its customers.
  • XCMG unveiled the XCA220U all-terrain crane in February 2022, featuring innovative design elements for improved stability and maneuverability. With a lifting capacity of 220 tonnes and intelligent control systems, the XCA220U exemplifies XCMG's commitment to technological advancement in crane manufacturing.
  • Terex announced the release of the RT 100US rough terrain crane in April 2022, offering enhanced performance and reliability for demanding construction projects. Equipped with advanced telematics and safety features, the RT 100US reflects Terex's ongoing efforts to deliver industry-leading solutions to its customers.

All-Terrain Crane Industry Segmentation

All-terrain cranes are versatile machines known for their ability to navigate various terrains and work environments with ease. Equipped with four-wheel drive capabilities, these cranes offer high speed and maneuverability, making them indispensable for construction, infrastructure development, and industrial applications.

Market Segmentation

By Capacity Type

  • < 200 Tons
  • 200 - 500 Tons
  • > 500 Tons

By Application

  • Construction
  • Industries
  • Utilities
  • Others

By Geography

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle-East and Africa
    • South Africa
    • Rest of Middle East and Africa
Share With : linkedin twitter facebook

About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

An all-terrain crane is a versatile mobile crane designed to operate in various off-road and on-road conditions, making it suitable for a wide range of construction and industrial applications. Unlike other types of cranes that may be limited to specific terrains or environments, all-terrain cranes feature robust design and multi-axle steering systems that enable them to navigate rough terrain, uneven surfaces, and urban areas with ease.

All-terrain cranes are known for their high lifting capacity, extended reach with telescopic booms, and exceptional mobility across various terrains. These cranes typically feature multiple axles with independent suspension systems for stability and maneuverability, as well as outriggers or stabilizers for leveling and support on uneven ground. Their versatility allows them to tackle a wide range of lifting tasks in construction, infrastructure development, industrial maintenance, and other applications.

All-terrain cranes are used in a variety of applications, including construction projects such as building erection, bridge construction, and roadwork; infrastructure development projects such as power plant construction and airport expansion; industrial maintenance tasks such as equipment installation and facility upgrades; and emergency response operations such as disaster recovery and rescue efforts. Their ability to access remote and challenging job sites, coupled with their high lifting capacity and maneuverability, contributes to efficiency and productivity in these industries.

The demand for all-terrain cranes is driven by various factors, including increased infrastructure investment in transportation, energy, and utilities; urbanization trends leading to demand for residential and commercial construction; industrial growth requiring heavy lifting capabilities for manufacturing and logistics operations; and technological advancements in crane design and operation, such as enhanced safety features, telematics integration, and fuel-efficient engines.

Challenges facing the all-terrain crane market include competition from other crane types such as rough-terrain cranes and truck-mounted cranes, regulatory compliance requirements for emissions, safety, and load handling, operator training and certification to ensure safe and efficient crane operation, and market dynamics influenced by economic factors such as construction activity, commodity prices, and geopolitical developments. However, these challenges also present opportunities for innovation, collaboration, and market expansion in response to evolving customer needs and industry trends.

King Lifting, I.B. Dickinson & Sons Crane Service, PP Engineering Crane Hire, Street Crane Company, Street Crane Company, Liebherr Group.

Ready to talk to a Towards Automotive consultant?

We offer automotive expertise for market projections and customizable research, adaptable to diverse strategic approaches.

Contact Us