The global truck-mounted cranes market is witnessing strong growth momentum as infrastructure development, urban expansion, and smart construction trends continue to drive the demand for efficient and mobile lifting equipment. According to recent market analysis, the market was valued at USD 2.5 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2035. By the end of the forecast period, the global truck-mounted cranes industry is expected to reach a valuation of USD 4.5 billion.
Truck-mounted cranes are versatile lifting solutions that combine the mobility of a truck with the power and reach of a crane. They are particularly valuable for construction sites, utilities, logistics, infrastructure repair, and disaster response, where compactness, mobility, and quick deployment are essential.
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