Crane Market

Market Estimation & Definition
The crane market comprises machinery and equipment used to lift, lower and horizontally move heavy loads via a hoisting mechanism, typically in construction, infrastructure, industrial, marine/offshore and material-handling settings. According to the research, the global crane market was valued at approximately USD 43.48 billion in 2024, and is forecast to reach around USD 59.50 billion by 2032, corresponding to a compound annual growth rate (CAGR) of about 4% between 2025 and 2032.
Products in scope include