Telescopic Mobile Cranes Market size was valued at USD 4.5 Billion in 2024 and is projected to reach USD 6.8 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The Telescopic Mobile Cranes Market was valued at approximately USD 7.5 billion in 2022 and is expected to grow at a CAGR of 6.3% from 2023 to 2030. This market growth is primarily driven by the increasing demand for efficient and versatile lifting equipment across industries such as construction, infrastructure, and manufacturing. The market is experiencing substantial growth, particularly in regions with significant construction activities and ongoing infrastructure development. The global demand for high capacity, easy to transport cranes that can navigate challenging work sites is propelling the expansion of telescopic mobile cranes.
Regionally, North America accounted for a significant share of the Telescopic Mobile Cranes Market in 2022, valued at approximately USD 2.2 billion, driven by major infrastructure projects, particularly in the U.S. and Canada. Europe followed with a market size of around USD 1.8 billion in the same year, attributed to ongoing urbanization and renewable energy projects. The Asia Pacific region is expected to witness the highest growth rate, with a projected CAGR of 7.5%, owing to booming construction and infrastructure activities in countries like China and India. Emerging markets in Latin America and the Middle East & Africa are also contributing to market expansion, as these regions focus on improving their infrastructure and industrial capabilities.
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Liebherr
Terex
Manitowoc
Tadano
Zoomlion
XCMG
SANY Group
Kobelco
Kanoo Group
CNH Industrial
Palfinger
Sumitomo Heavy Industries
Broderson
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Telescopic Mobile Cranes Market
Truck-mounted Telescopic Cranes
All Terrain Telescopic Cranes
Crawler Telescopic Cranes
Rough Terrain Telescopic Cranes
Below 30 tons
30 to 50 tons
50 to 100 tons
Above 100 tons
Construction
Shipping and Logistics
Mining Operations
Energy and Power
Manual Operation
Remote-Controlled Operation
Automated Operation
Construction Industry
Heavy Equipment Rental
Manufacturing
Oil & Gas
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Telescopic Mobile Cranes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Telescopic Mobile Cranes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Telescopic Mobile Cranes Market, By Type
6. Global Telescopic Mobile Cranes Market, By Application
7. Global Telescopic Mobile Cranes Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Telescopic Mobile Cranes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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