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Crane Trucks Market Share

Report ID: GMI9449
Published Date: May 2024
Report Format: PDF

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Crane Trucks Market Share

Liebherr, Terex, and Manitowoc dominate the crane trucks industry. Liebherr emphasizes delivering exceptional service and support to customers by extending its network, improving service capabilities, and dedicating resources to digital service platforms. These efforts aim to provide proactive maintenance, ensure spare parts availability, and offer technical assistance to customers on a global scale.

Terex Corporation sustains its technological edge in the crane truck sector through R&D investments, partnerships with technology firms, and the integration of cutting-edge features, such as sophisticated hydraulic systems, remote control functionalities, and telematics solutions, into its crane truck offerings.

Crane Trucks Market Companies

Major players operating in the crane trucks industry are:

Kato Works
Kobelco Cranes
Liebherr
Manitowoc
Palfinger AG
Sany
Tadano
Terex
XCMG
Zoomlion

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of crane trucks was reached USD 3.8 billion in 2023 and is estimated to register over 6.5% CAGR between 2024 and 2032, owing to the rise in construction and infrastructure development.

The construction segment in the crane trucks market will surpass USD 2.5 billion by 2032, as government investments for highway and bridge construction are increasing internationally.

Asia Pacific crane truck market recorded 35% revenue share in 2023, driven by the rapid industrial growth, notably in China, India, and Southeast Asia.

Kato Works, Kobelco Cranes, Liebherr, Manitowoc, Palfinger AG, Sany, Tadano, Terex, XCMG and Zoomlion.