Mobile crane market seen reaching $28.68B by 2031

Mordor Intelligence projects the global mobile crane market will rise from $21.63 billion in 2026 to $28.68 billion by 2031, driven by infrastructure spending, fleet upgrades and construction growth in Asia-Pacific. The forecast points to rising demand for all-terrain cranes and stronger activity in the Middle East, Africa, Europe and North America.

Why it matters: - Mobile cranes are tied to infrastructure, energy and industrial buildouts, so the market forecast signals continued equipment demand across construction-heavy economies. - Stricter emissions rules are also accelerating fleet replacement, which could boost sales of newer, cleaner crane models and rental fleet upgrades. - Asia-Pacific’s leadership in the market underscores how much future demand depends on project volume in China, India, Japan and South Korea.

What happened: - Mordor Intelligence said the mobile crane market is projected to grow from USD 21.63 billion in 2026 to USD 28.68 billion by 2031. - The forecast implies a 5.81% compound annual growth rate through 2031. - The report said Asia-Pacific leads the market, while the Middle East and Africa are the fastest-growing regions. - The research was released Aug. 5, 2026.

The details: - Infrastructure investment, expanding construction activity across Asia and fleet modernization are the main growth drivers. - Truck-mounted cranes remain widely used, but demand for all-terrain cranes is rising because they can work across more project environments. - Tighter Stage V and Tier 4-Final emissions standards in Europe and North America are pushing operators to replace older cranes. - Rental companies are upgrading fleets to meet regulatory requirements and customer sustainability goals. - Manufacturers are rolling out fuel-efficient, low-maintenance crane designs. - Public and private funding for 5G, renewable energy and grid modernization is increasing demand for high-capacity cranes. - Data centers, offshore wind projects and modular construction are creating more need for heavy lifts with speed and precision.

Between the lines: - The market mix is shifting toward equipment that can handle stricter environmental rules and more varied job sites. - The growth outlook suggests crane buyers are prioritizing versatility, compliance and uptime over simple lift capacity alone. - The strongest regional demand is coming from places investing heavily in transportation, industrial projects and energy transition infrastructure. - A company research manager said the firm uses validated data, structured market analysis and cross-verification to assess the market.

What's next: - Fleet modernization should remain a major buying theme as emissions standards tighten. - Demand for all-terrain and high-capacity cranes is likely to grow alongside renewable energy, grid and data center construction. - Regional momentum is expected to continue in Asia-Pacific, with steady demand in North America and Europe. - The report is also available in Japanese, French, German, Spanish and Portuguese.

The bottom line: - Mobile crane demand is expected to keep climbing through 2031, with infrastructure spending, emissions compliance and large-scale energy projects doing most of the work.

Recent industry developments: - Liebherr delivered an LTM 1120-4.2 mobile crane to Würzburger Kranverleih und Bergungsdienst GmbH in Germany in July 2026. - The 120-tonne, four-axle crane has a 66-meter telescopic boom. - Liebherr handed over an LTM 1250-5.1 mobile crane to Prillaman's Crane & Rigging, Inc. at CONEXPO 2026 in April 2026. - The handover expanded Prillaman's fleet for heavy lifting and infrastructure projects.

Market segments: - Product types include truck-mounted, trailer-mounted, crawler, all-terrain and rough-terrain cranes, plus others. - Applications include construction, mining and excavation, industrial applications, marine and offshore, utility, and shipping and port building. - End users include rental companies, construction contractors, government and municipalities, and industrial operators. - Lifting capacity bands include below 50 tons, 50-150 tons, 151-300 tons and above 300 tons. - The report covers North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

Competitive landscape: - The report lists Liebherr-International AG, XCMG, Zoomlion, SANY, Tadano, Manitowoc, Terex, Kobelco, Cargotec, Konecranes, Hitachi Sumitomo, Palfinger, Sarens, ZoomBoom Crane, Manitex, Fassi, Sennebogen, Elliott Equipment, Franna and Furukawa UNIC among key companies. - Mordor Intelligence also linked readers to the full mobile crane market report: Discover the latest trends, growth opportunities, and competitive developments.