Product Code: GVR-4-68040-826-3
Industrial Cranes Market Summary
The global industrial cranes market size was estimated at USD 11.19 billion in 2024 and is projected to reach USD 17.38 billion by 2033, growing at a CAGR of 5.1% from 2025 to 2033. The market is strongly driven by sustained capital expenditure across manufacturing, metals and mining, automotive, aerospace, power, and logistics sectors.
Expansions in production facilities, modernization of industrial plants, and the rise of automated warehousing continue to generate strong demand for overhead, gantry, and electric cranes. Growing focus on efficiency, safety compliance, and higher material-handling throughput further accelerates crane adoption across these core industrial environments.
Emerging economies, including Southeast Asia, the Middle East, and Africa, offer significant greenfield potential due to expanding industrial parks, logistics hubs, and mega construction projects. The rise of hybrid cranes, autonomous lifting systems, and digital twin solutions also provides long-term revenue prospects for OEMs and service providers.
Global Industrial Cranes Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global industrial cranes market report based on type, power source, capacity, end use, and region:
- Type Outlook (Revenue; USD Billion, 2021 - 2033)
- Overhead Cranes
- Gantry Cranes
- Jib Cranes
- Others
- Power Source Outlook (Revenue; USD Billion, 2021 - 2033)
- Internal Combustion Engine (ICE)
- Electric
- Hybrid
- Pneumatic
- Capacity Outlook (Revenue; USD Billion, 2021 - 2033)
- Below 10 Tons
- 10 to 50 Tons
- 51 to 100 Tons
- Above 100 Tons
- End Use Outlook (Revenue; USD Billion, 2021 - 2033)
- Metal & Mining
- General Manufacturing / Heavy Engineering
- Automotive & Transportation
- Power & Utilities
- Aerospace & Defense
- Warehousing & Logistics
- Regional Outlook (Revenue; USD Billion, 2021 - 2033)
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Industrial Cranes Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Power Source/Component Outlook
- 3.2.2. Manufacturer Outlook
- 3.2.3. Distribution Outlook
- 3.2.4. End User Outlook
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
Chapter 4. Global Industrial Cranes Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Industrial Cranes Market Estimates & Forecast, By Type, 2021 to 2033 (USD Billion)
- 4.3. Overhead Cranes
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4. Gantry Cranes
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.5. Jib Cranes
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.6. Others
- 4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Global Industrial Cranes Market: Power Source Estimates & Trend Analysis
- 5.1. Power Source Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Industrial Cranes Market Estimates & Forecast, By Power Source, 2021 to 2033 (USD Billion)
- 5.3. Internal Combustion Engine (ICE)
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4. Electric
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.5. Hybrid
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.6. Pneumatic
- 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Global Industrial Cranes Market: Capacity Estimates & Trend Analysis.
- 6.1. Capacity Movement Analysis & Market Share, 2024 & 2033
- 6.2. Global Industrial Cranes Market Estimates & Forecast, By Capacity, 2021 to 2033 (USD Billion)
- 6.3. Below 10 Tons
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4. 10 to 50 Tons
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5. 51 to 100 Tons
- 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6. Above 100 Tons
- 6.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 7. Global Industrial Cranes Market: End Use Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 7.2. Global Industrial Cranes Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Billion)
- 7.3. Metal & Mining
- 7.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4. General Manufacturing / Heavy Engineering
- 7.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.5. Automotive & Transportation
- 7.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.6. Power & Utilities
- 7.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.7. Aerospace & Defense
- 7.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.8. Warehousing & Logistics
- 7.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 8. Global Industrial Cranes Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 8.2. North America
- 8.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.2.2. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.2.3. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.2.4. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.2.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Key country dynamics
- 8.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.2.6.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.2.6.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.2.6.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.2.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Key country dynamics
- 8.2.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.2.7.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.2.7.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.2.7.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.2.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.2.8. Mexico
- 8.2.8.1. Key country dynamics
- 8.2.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.2.8.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.2.8.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.2.8.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.2.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.3. Europe
- 8.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.3.2. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.3.3. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.3.4. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.3.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.3.6. Germany
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.3.6.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.3.6.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.3.6.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.3.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.3.7. France
- 8.3.7.1. Key country dynamics
- 8.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.3.7.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.3.7.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.3.7.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.3.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.3.8. UK
- 8.3.8.1. Key country dynamics
- 8.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.3.8.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.3.8.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.3.8.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.3.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.3.9. Italy
- 8.3.9.1. Key country dynamics
- 8.3.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.3.9.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.3.9.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.3.9.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.3.9.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.3.10. Spain
- 8.3.10.1. Key country dynamics
- 8.3.10.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.3.10.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.3.10.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.3.10.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.3.10.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.4.2. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.4.3. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.4.4. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.4.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Key country dynamics
- 8.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.4.6.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.4.6.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.4.6.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.4.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.4.7. India
- 8.4.7.1. Key country dynamics
- 8.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.4.7.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.4.7.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.4.7.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.4.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.4.8. Japan
- 8.4.8.1. Key country dynamics
- 8.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.4.8.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.4.8.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.4.8.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.4.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.4.9. Australia
- 8.4.9.1. Key country dynamics
- 8.4.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.4.9.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.4.9.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.4.9.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.4.9.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.4.10. South Korea
- 8.4.10.1. Key country dynamics
- 8.4.10.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.4.10.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.4.10.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.4.10.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.4.10.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.5. Latin America
- 8.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.5.2. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.5.3. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.5.4. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Key country dynamics
- 8.5.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.5.6.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.5.6.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.5.6.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.5.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.5.7. Argentina
- 8.5.7.1. Key country dynamics
- 8.5.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.5.7.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.5.7.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.5.7.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.5.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.6.2. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.6.3. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.6.4. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.6.6. Saudi Arabia
- 8.6.6.1. Key country dynamics
- 8.6.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.6.6.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.6.6.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.6.6.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.6.6.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.6.7. UAE
- 8.6.7.1. Key country dynamics
- 8.6.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.6.7.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.6.7.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.6.7.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.6.7.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
- 8.6.8. South Africa
- 8.6.8.1. Key country dynamics
- 8.6.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- 8.6.8.3. Market estimates & forecast, by type, 2021 - 2033 (USD Billion)
- 8.6.8.4. Market estimates & forecast, by power source, 2021 - 2033 (USD Billion)
- 8.6.8.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Billion)
- 8.6.8.6. Market estimates & forecast, by end use, 2021 - 2033 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis, 2024
- 7.4. Strategy Mapping
- 7.5. Company Profiles
- 7.5.1. Konecranes
- 7.5.1.1. Company Overview
- 7.5.1.2. Financial performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Strategic initiatives
- 7.5.2. Liebherr Group
- 7.5.2.1. Company Overview
- 7.5.2.2. Financial performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Strategic initiatives
- 7.5.3. SANY Group
- 7.5.3.1. Company Overview
- 7.5.3.2. Financial performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Strategic initiatives
- 7.5.4. XCMG Group
- 7.5.4.1. Company Overview
- 7.5.4.2. Financial performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Strategic initiatives
- 7.5.5. Tadano Ltd
- 7.5.5.1. Company Overview
- 7.5.5.2. Financial performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Strategic initiatives
- 7.5.6. The Manitowoc Company, Inc
- 7.5.6.1. Company Overview
- 7.5.6.2. Financial performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Strategic initiatives
- 7.5.7. Zoomlion Heavy Industry Science & Technology Co. Ltd
- 7.5.7.1. Company Overview
- 7.5.7.2. Financial performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Strategic initiatives
- 7.5.8. Hiab Corporation
- 7.5.8.1. Company Overview
- 7.5.8.2. Financial performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Strategic initiatives
- 7.5.9. Palfinger
- 7.5.9.1. Company Overview
- 7.5.9.2. Financial performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Strategic initiatives
- 7.5.10. ElectroMech
- 7.5.10.1. Company Overview
- 7.5.10.2. Financial performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Strategic initiatives
- 7.5.11. Anupam Industries Limited
- 7.5.11.1. Company Overview
- 7.5.11.2. Financial performance
- 7.5.11.3. Product Benchmarking
- 7.5.11.4. Strategic initiatives
- 7.5.12. Street Crane Company Limited
- 7.5.12.1. Company overview
- 7.5.12.2. Financial performance
- 7.5.12.3. Product Benchmarking
- 7.5.12.4. Strategic initiatives
- 7.5.13. GH Cranes & Components
- 7.5.13.1. Company overview
- 7.5.13.2. Financial performance
- 7.5.13.3. Product Benchmarking
- 7.5.13.4. Strategic initiatives
- 7.5.14. Action Construction Equipment Ltd
- 7.5.14.1. Company overview
- 7.5.14.2. Financial performance
- 7.5.14.3. Product Benchmarking
- 7.5.14.4. Strategic initiatives
- 7.5.15. Raimondi
- 7.5.15.1. Company overview
- 7.5.15.2. Financial performance
- 7.5.15.3. Product Benchmarking
- 7.5.15.4. Strategic initiatives