CRAWLER CRANES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Crawler Cranes Market Size and Trends

Global crawler cranes market is estimated to be valued at USD 3.08 Bn in 2025 and is expected to reach USD 5.01 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032.

Key Takeaways

• Based on Type, the Telescopic Boom Crawler Cranes segment is expected to lead the market holding an estimated share of 62.6% in 2025, owing to their mobility and heavy lifting capability.
• Based on Capacity, the 50 to 250 Metric Ton segment is expected to lead the market holding a share of 39.2% in 2025, owing to its versatility across various industries.
• Based on Application, the Construction segment is estimated to lead the market with a share of 32.8% in 2025 due to their ability to handle large-scale projects.
• Based on Region, North America is estimated to lead the market with a share of 38.0% in 2025 due to the increasing large-scale construction projects, infrastructure development, and mining operations. 

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Market Overview

A crawler crane is a type of mobile crane that utilizes a tracked undercarriage, allowing it to move and operate on a verity of terrains, especially on uneven and rough surfaces.

With the increasing construction activities worldwide including infrastructure projects, commercial buildings, and residential buildings is boosting demand for crawler cranes. Rapid urbanization and growing need for efficient construction equipment is also driving the market growth. Moreover, the growing need for modernizing old infrastructure and development of smart cities provides huge growth opportunity for key market players. Adoption of crawler cranes fitted with latest technology and increase in investments in renewable energy sector especially in wind and solar energy can drive the crawler cranes market growth during the forecast period.

Current Events and their Impact on the Crawler Cranes Market

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Role of Artificial Intelligence (AI) in Crawler Cranes Market

Integration of artificial intelligence in crawler cranes is transforming the functioning of heavy-duty machines including their design, operation, and maintenance, particularly in the construction, energy, and infrastructure industries. AI-powered diagnostics facilitates sensor data (such as vibration, oil temperature, load patterns) to predict component wear and mechanical failure. This reduces unscheduled downtime by 30-40%, along with lowering maintaining cost, and extending the shelf life of equipment. For instance, Manitowoc uses AI-based load monitoring integrated with Grove CONNECT for remote diagnostics.

Export Import Analysis & Trends

The rising global demand for infrastructure development and large-scale construction projects is a predominating factor accelerating the export of crawler cranes. As nations invest heavily in urbanization, transportation networks, energy projects, and industrial expansion, there is a growing need for heavy lifting equipment that can perform efficiently in diverse and challenging environments. Crawler cranes, known for their stability and lifting capacity on uneven terrain, are increasingly becoming essential in such projects.

For instance, the International Trade Administration reports that the global construction equipment market is anticipated to reach $245 billion by 2025, growing at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2025. This steady growth reflects continued investment in construction and infrastructure, particularly in emerging economies across Asia-Pacific, Latin America, and parts of Africa, where urban development and modernization are priorities.

This rising trend in construction activity has direct relation into higher demand for crawler cranes, not only in domestic markets but also as export commodities. Manufacturers in countries with advanced crane technology, such as Germany, Japan, and the United States, are increasingly supplying crawler cranes to regions with booming construction sectors. This global demand surge supports both the production and international trade of crawler cranes, reinforcing their role as critical assets in infrastructure development worldwide.

Segmental Analysis

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Crawler Cranes Market Insights, By Type- The Growing Penetration Towards Stability and load capacity boosts Telescopic boom crawler cranes segment growth

In terms of type, Telescopic boom crawler cranes segment is estimated to contribute the highest market share of 62.6% in 2025, due to their stability and ability to lift heavy loads. Telescopic boom cranes feature open construction that provides excellent stability even under heavy loads and adverse conditions such as high winds. The open framework distributes weight evenly to absorb stresses without distortion, making Telescopic booms well-suited for applications requiring long reaches. Many cranes with Telescopic booms can achieve lengths of over 150 feet, thus, providing them versatility for jobs like bridge construction, material handling at ports, and assembly of large power plant components. Their stable and robust build also makes Telescopic boom cranes preferable for lifting very heavy items weighing several hundred tons without risk of tipping or damage to the crane structure itself. Materials distribution centers and manufacturing plants relying on precise, heavy-duty lifting regularly choose Telescopic boom cranes to maximize uptime and productivity.

In March 2025, Sennebogen introduced its new 6203 E telescopic crawler crane, which has a maximum load capacity of 200 metric tons and a jib length of up to 78 m.

Crawler Cranes Market Insights, By Capacity- 50 to 200 metric ton- Versatility in capacities boosts the segment growth

In terms of capacity, 50 to 250 metric ton segment is estimated to contribute the highest market share of 39.2%, owing to its versatility across diverse industrial applications. Crawler cranes in this capacity range can efficiently handle loads ranging from 50 to 250 metric tons, thus, finding usage in construction of multi-story buildings, industrial plants, fabrication of large machines and equipment, and energy infrastructure projects. Their capabilities enable tasks ranging from positioning I-beams and pre-cast concrete sections to the final assembly and installation of heavy machinery. The 50 to 250 metric ton class is also well-suited for utility work like setting transformer banks, winding coils on generators, and handling turbine components. As jobsites often involve an array of lifting needs, medium-capacity crawler cranes prove highly flexible to changing requirements without limiting productivity.

Countries such as India, Indonesia, and Thailand are significantly importing a 50-200 tonne crawler cranes, primarily from China, Japan and European manufacturers.

Crawler Cranes Market Insights, By Application- Construction- To Handle Heavy Duty Load

In terms of application, construction segment is estimated to contribute the highest market share of 32.8% in 2025. Developing nations ramping up infrastructure along with stimulus spending on commercial and residential building projects can boost demand for crawler cranes. Their mobility, stability during lifting, and ability to access tight spaces make crawler cranes pivotal equipment for multi-story structure assembly. These can efficiently place floor decks, walls and trusses as well as hoist glass, HVAC units and other heavy fixtures into place. Crawler cranes are also used for excavation tasks like removing debris and installing sewer lines prior to a build. Mega construction ventures such as building new urban centers, highways and bridges require numerous heavy-lift cranes to expedite project timelines. In December 2024, Action Construction Equipment Ltd. (ACE) unveiled the BS-V (CE-V) AX124 Backhoe Loader. Along with this launch, ACE showcased seven other innovative products, reinforcing its leadership in India’s construction industry and support for the "Make in India" initiative.

Regional Insights

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North America Crawler Cranes Market Analysis & Trends

North America is contributing a dominate share in the global market with estimated market share of 38.0% in 2025. While the United States continues to be the largest individual market, demand has been expanding rapidly in Canada in recent years, driven by the increasing priority given to infrastructure investment by governments across all countries. For instance, in 2025, the American Society of Civil Engineers provided U.S. infrastructure a grade of C, up from a D+ but still barely a passing grade. The U.S. has perceived a surge in federal infrastructure funding over the last few years, including more than USD 1 trillion from the Infrastructure Investment.

Projects such as new roads, bridges, pipelines, and large civil construction works require heavy lifting capability provided by crawler cranes. Leading North American manufacturers including Link-Belt, Terex, and Kobelco Cranes have been benefiting from growth. Several European brands are gaining crawler cranes market share through their established distribution networks and collaborative partnerships in the region.

Asia Pacific Crawler Cranes Market Analysis & Trends

The market in region is currently the fastest growing regional market. The market is primarily driven by large-scale infrastructure projects, urbanization and industrial expansion. For instance, China’s Belt and Road Initiative projects are being scrutinized in Thailand after Myanmar’s 7.7 earthquake pancaked a 30-floor building 966 kilometers (600 miles) away that Chinese engineers were constructing in Bangkok. Along with that, India is set to complete key infrastructure projects by 2025, including expressways, metro lines, and airports. This is further propelling the crawler cranes market demand across the region. Apart from this, these are also increasing exports to other Asian markets as well as the Middle East, Africa, and Europe through competitive pricing.

In March 2025, XCMG Machinery, a global leader in construction equipment manufacturing delivered a batch of XCMG Certifies Pre-Owned Crawler Cranes, models XGC85 and XGC55, to support major infrastructure project in Southern Asia, further escalating the crawler cranes market demand.

Middle East Crawler Cranes Market Analysis & Trends

The Gulf region has ambitious plans for continued diversification away from oil dependence through industrialization and tourism-led development. Mega projects ranging from new airports and seaports to entire new towns boosts demand for cranes. Various Gulf Cooperation Council countries also have plans for expanding construction of office and residential space to meet rising urban populations. The massive construction pipeline in the region is positively influencing the crawler cranes market forecast.

In April 2025, XCMG Crane, a global leader in heavy lifting equipment and solution accelerated the construction of Saudi Arabia’s flagship stadium in Dammam for 2034 FIFA world Cup. Against the harsh backdrop of extreme heat and sandstorm, the construction continued. The stadium construction demands for precision engineering including lifting of ultra-heavy steel structures, millimeter-level accuracy for high-altitude assembly, and complex hoisting paths. This is further positively influencing the crawler cranes market forecast.

Global Crawler Cranes Market Outlook for Key Countries:

The U.S. Crawler Cranes Market Analysis & Trends

The United States is the leading country from North America towards crawler cranes market. The increase in infrastructure development, construction projects and advancements in technology, makes crawler cranes a demanding aspect in the region. Cranes sales in the USA are constantly rising since 2024, despite a slowing growth in construction market and falling sale in other types of construction equipment. While, cranes are benefiting from steady infrastructure and non-residential building projects.

In 2024, the U.S. imported approximately 2,799 crawler cranes, ranking as the third-largest importer globally, and it made about 26,00 cranes export which 18% higher than previous year.

China Crawler Cranes Market Analysis & Trends

China is the market leader, representing Asia Pacific region. China has a very large construction industry that has been growing rapidly over the past decade due to massive investments in infrastructure projects across the country. The ongoing expansion of Chinese cities through new housing projects and commercial developments has boosted demand for crawler cranes. Chinese manufacturers such as XCMG and Sany are major suppliers in their domestic crawler cranes market. In China, crawler cranes are extensively used in fields such as construction, power generation, petrochemicals, shipbuilding and large-scale infrastructure projects. In 2024, China exported approximately 805 crawler cranes, valued at USD 219 million.

In January 2024, Zoomlion Heavy Industry Science & Technology Co., Ltd. recently achieved a remarkable feat with its 3,600-ton ZCC89000 crawler crane. The crane broke two world records for the heaviest single lift and fastest lifting speed during the installation of three slurry bed reactors in Zhejiang Province, China. This is further positively influencing the crawler cranes market forecast.

Germany Crawler Cranes Market Analysis & Trends

Germany crawler cranes market is seeing a strong demand towards infrastructural development and construction activities. The government of Germany has long-term plans for residential construction and infrastructure projects contributing to the ongoing demand for crawler cranes. In 2025, the federal budget allocated €3.5 billion for social housing with a total of €20 billion reserved through 2028. The aim of these funding is to build approximately 400,00 new homes annually.

Market Dynamics

Crawler Crane Market Driver: Infrastructure Development Projects

Global construction industry has witnessed significant growth over the past few years due to large scale infrastructure development projects being undertaken worldwide. Governments across both developed and emerging economies have substantially increased their spending on development of transportation, energy and utility infrastructure. Megaprojects such as highways, bridges, power plants, dams, ports, and others require heavy lifting and material handling equipment during both their construction as well as maintenance phases. Crawler cranes is an indispensable part of such large infrastructure projects, considering their ability to operate even in tight and constrained work sites. Their crawler undercarriage provides good mobility for transportation of heavy components within the project site. The rising global infrastructure investment is driving substantial opportunities for crawler crane manufacturers and rental service providers, as infrastructure projects often have long gestation periods that ensure continuous demand for crawler cranes throughout the project duration.

Contractors worldwide continue to invest in crawler cranes for large scale infrastructure projects, towards big life. For instance, in April 2025, Manitowoc introduced its largest Grove Hydraulic Crawler (GHC) crane to date, the GHC200, expanding its telescoping crawler lineup with increased lifting capacity and reach. The new model, which has a 160 tons (200 US ton) capacity and a 56.4 metre main boom, is designed to handle heavy lifts in challenging environments, including swampy or mountainous terrain, further accelerating the crawler cranes market demand.

Crawler Crane Market Restraints: Dearth of skilled operators

The shortage of skilled crane operators can hamper the global crawler cranes market growth. Crawler cranes require highly trained and experienced operators as these are complex equipment that can lift very heavy loads and operate in difficult terrains. However, there is a lack of skilled workforce available globally that can efficiently operate these huge cranes.

Training new crane operators is a long process that requires hands on practice and certification. Due to rising infrastructure development activities, there has been huge demand for crawler cranes in the past few years.

Crawler Cranes Market Opportunities: Emerging economies pushing demand

Countries across Asia Pacific, Latin America, Middle East and Africa are experiencing rapid industrialization and infrastructure development. With growing urbanization and construction activities, there is increasing need for material handling equipment on large project sites such as roads, bridges, and high-rise buildings, which require heavy-duty lifting equipment like crawler cranes to handle substantial loads and operate efficiently on diverse terrains. Crawler cranes are perfectly suited for such applications due to their mobility and higher load capacities as compared to stationary or truck mounted cranes.

Market Report Scope

Key Development in Crawler Cranes Market

• In April 2025, Tadano launched the CC 78.1250-1, the next generation of a 1250-tonne capacity lattice boom crawler crane. This newest model in incorporated with significant advancements in performance, safety, efficiency, and transportability. It is designed to meet the evolving demands of heavy lifting applications.
• In March 2025, Manitowoc launched the Grove Version of the new Sennebogen built 200 tons telescopic crawler crane- the Grove GHC200.
• In January 2024, Kobelco Construction Machinery Co., Ltd., a Europe-base company has launched their TKE750G, its news telescopic boom crawler crane with a miximum lifting capacity of 75 metric tonnes. The crane is equipped with an EU Stage V-compliant Mercedes-Benz E9H01 (Daimler OM936LA) engine and continues the same basic concept of the G series lattice boom crawler crane models. 

Key Takeaways from Analyst:

• Technological evolution in crawler cranes is one of the most exciting aspects of this market. The rise of automation, telematics, and electrification is reshaping the utilization of crawler cranes. For instance, Liebherr's LR 13000, one of the largest crawler cranes, integrates advanced telematics for real-time performance monitoring. This helps to reduce downtime and optimize crane utilization, improving both efficiency and safety.
• As of 2024, the adoption of electric and hybrid crawler cranes is accelerating. For example, Sany’s SCC1000A electric crawler crane has seen a 25% increase in demand in the last two years. In fact, electric crawler cranes in Europe have grown by approximately 12% annually, according to the European Construction Equipment Market Report. These cranes are more energy-efficient, reduce emissions, and provide sustainable alternatives in green construction zones like urban centers in the EU.
• China's Belt and Road Initiative (BRI) has significantly bolstered crawler crane sales, with XCMG—one of China’s largest manufacturers—reporting a 15% annual increase in crawler crane sales between 2022 and 2023, largely due to BRI-linked projects. As of 2024, China's market share in the global crawler crane market stands at 18%, up from 12% in 2019. This is indicative of the increasing demand in both domestic and international infrastructure projects that require high-capacity lifting and precision.

Market Segmentation

•  Type Insights (Revenue, US$ Bn, 2020 - 2032)
• Lattice Boom Crawler Cranes
• Telescopic Boom Crawler Cranes
•  Capacity Insights (Revenue, US$ Bn, 2020 - 2032)
• Below 50 Metric Ton
• 50 to 250 Metric Ton
• 251 to 450 Metric Ton
• More than 450 Metric Ton
•  Application Insights (Revenue, US$ Bn, 2020 - 2032)
• Construction
• Mining
• Transport
• Oil & Gas
• Energy
• Others
• Regional Insights (Revenue, US$ Bn, 2020 - 2032)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• GCC Countries
• Israel
• South Africa
• Rest of Middle East & Africa
• Key Players Insights
• • Fushun Yongmao Construction Machinery Co., Ltd.
  • Furukawa UNIC Corporation
  • Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
  • KATO Works Co., Ltd.
  • Kobelco Construction Machinery Co., Ltd.
  • Kobelco Cranes Co., Ltd.
  • Liebherr Group
  • Link-Belt Cranes (a subsidiary of Sumitomo Heavy Industries)
  • LiuGong Machinery Corporation
  • Manitowoc Cranes
  • Palfinger AG
  • SENNEBOGEN Maschinenfabrik GmbH
  • Sany Group
  • Tadano Ltd.
  • XCMG Group

Source:

Primary Research Interviews from the following stakeholders:

Stakeholders:

• Interviews with crawler crane manufacturers, construction project managers, infrastructure developers, crane rental firms, and procurement heads across Asia-Pacific, North America, and Europe.

Specific stakeholders:

• Procurement managers at large EPC/infrastructure firms (e.g., Bechtel, L&T, Hyundai Engineering)
• Product managers at global OEMs (e.g., Liebherr, Manitowoc, SANY, Kobelco)
• Distributors and crane rental operators in regional hubs (e.g., Houston, Singapore, Rotterdam, Mumbai)
• Logistics and sourcing heads at heavy equipment leasing companies
• Civil and mechanical engineers at public sector infrastructure authorities

Databases:

• International Trade Centre (ITC) – Trade Map
• UN Comtrade Database
• U.S. Census Bureau – Foreign Trade Division
• Eurostat – International Trade in Goods
• Japan External Trade Organization (JETRO)
• India EXIM Data Bank (DGCIS)
• China Customs Statistics

Magazines:

• Construction World
• Equipment India
• International Cranes & Specialized Transport
• Heavy Equipment Guide
• Construction Week
• Engineering News-Record (ENR)
• Construction Plant News

Journals:

• Journal of Construction Engineering and Management
• Journal of Engineering Manufacture
• International Journal of Heavy Equipment Systems
• Journal of Infrastructure Development
• International Journal of Civil Engineering & Technology (IJCET)

Newspapers:

• The Economic Times
• Nikkei Asia
• China Daily – Business Section
• Financial Times
• The Hindu Business Line
• Business Standard
• Engineering News-Record (ENR) Daily Updates

Associations:

• Association of Equipment Manufacturers (AEM)
• Confederation of Indian Industry (CII)
• European Construction Industry Federation (FIEC)
• Crane Manufacturers Association of America (CMAA)
• Builders Association of India (BAI)
• Japan Construction Equipment Manufacturers Association (CEMA Japan)

Public Domain Sources:

• Ministry of Heavy Industries (India)
• Department for Promotion of Industry and Internal Trade (DPIIT – India)
• U.S. Department of Commerce – ITA Construction Equipment Sector Reports
• National Bureau of Statistics (China)
• NITI Aayog – Infrastructure Vision 2025
• Eurostat Construction Statistics
• Reserve Bank of India – Infrastructure Investment Bulletins

Proprietary Elements:

• CMI Data Analytics Tool, and Proprietary CMI Existing Repository of information for last 8 years