United States Crane Market Report and Forecast 2025-2034

United States Crane Market Size

The United States crane market reached approximately USD 6.43 billion in 2023. The market is estimated to grow at a CAGR of 3.6% in the forecast period of 2024-2032, reaching a value of around USD 8.90 billion by 2032.

Key Trends in the Market

A crane is a powerful machine which is equipped with cables, pulleys, and sheaves to move or suspend heavy objects from a beam. This machine is primarily used in the construction and infrastructure, oil and gas, mining and extraction, and maritime and shipping sectors, among others.

• Increased utilisation of cranes in the oil and gas sector for oil rigging, safe transportation of flammable gas containers, and loading and unloading of oil barrels and other bulky items at shipping ports is one of the prominent United States crane market trends.

• The burgeoning popularity of autonomous cranes, which offer high-end features such as anti-collision mechanism, remote configuration from the control room and on-board cameras for environment surveillance, to enhance performance efficiency and remove workers from potentially dangerous working conditions, is another crucial trend aiding the market expansion.

• The deployment of industry 4.0 technology in material handling operations of cranes for overload detection, anti-sway detection, and identification of potential issues also contributes to the United States crane market growth.

• Several market players are adopting strategic measures such as acquisition and partnerships to deliver custom crane solutions and expand their market reach in the country.

Market Analysis

Based on type, the market is divided into mobile cranes, fixed cranes, and marine and port cranes, among others. The United States crane industry segmentation, on the basis of application, includes mining, construction and infrastructure, and oil and gas, among others. The major regional markets of cranes in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States crane market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Terex Corporation 

• The Manitowoc Company, Inc. 

• Manitex International Inc.

• Gorbel Inc.

• Buckner Heavylift Cranes, LLC

• Konecranes Plc

• Liebherr-International Deutschland GmbH

• PALFINGER AG

• Tadano Ltd.

• The Muhibbah Group

• Others

Market Share by Type

Mobile cranes occupy a significant portion of the United States crane market share, due to their increased demand from the construction sector for lifting and transporting heavy steel beams and other building materials. The surge in infrastructural development activities such as such as railway lines, airport terminals, bridges, and highways, among others, in the United States also fuels the demand for mobile cranes.

Moreover, fixed cranes are expected to witness sizeable growth in the coming years, due to their increased utilisation in the safe transportation of extremely heavy objects.

Market Share by Application

As per the United States crane market analysis, the demand for cranes in the construction and infrastructure sector is substantially increasing as they offer the required strength to transport heavy building items such as concrete blocks, precast panels, and steel beams. They also ensure the proper alignment of columns, frameworks, and other structural components on the construction site.

Additionally, cranes are utilised in the demolition of buildings to remove heavy materials and safely transport debris and other waste items away from the sites.

Competitive Landscape

Terex Corporation, incorporated in 1933, is a primary manufacturer of material handling machinery, based in Connecticut, the United States. Its product portfolio includes elevated work platforms, material handling conveyors, terrain cranes, tower cranes, and industry equipment, among others.

The Manitowoc Company, Inc. is an engineering lifting products company, founded in 1902 and headquartered in Wisconsin, the United States. The company is well-known for its innovative range of crawler cranes which possess superior load capacity and efficiency.

Manitex International Inc., established in 1993, is a machinery manufacturing company, with its headquarters in Illinois, the United States. The company offers aerial work platforms, mobile truck cranes, and industrial lifting solutions to construction and heavy industry sectors, among others.

Other United States crane market players include Gorbel Inc., Buckner Heavylift Cranes, LLC, Konecranes Plc, Liebherr-International Deutschland GmbH, PALFINGER AG, Tadano Ltd., and The Muhibbah Group, among others.

Key Highlights of the Report