Global Crane Market Size & Outlook, 2025-2033

Global Crane Market Highlights

According to Market Strides analysis, the Global Crane Market size was USD 15000 Million in 2024 and is projected to reach USD 19,939.65 Million by 2033.
The Global market is projected to grow at a CAGR of 3.2% between 2025 and 2033.
By segment, Excavators emerged as the largest By Equipment Type in terms of market size in 2024.
Cranes is anticipated to remain the most attractive By Equipment Type segment, recording the fastest growth during the forecast period.

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

By 2033, United States is projected to lead the global market in terms of market size.
Middle East and Africa is projected to emerge as the fastest-growing market in Global, reaching USD 9272.77 Million by 2033.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 15000 Million
Market Size In 2033	USD 19,939.65 Million
Largest segment	Excavators
Units	Revenue in USD Million
CAGR	3.2% (2025-2033)
Segmnetation Covered
Region	North America Europe Asia Pacific Middle East and Africa LATAM
By Equipment Type	Excavators Loaders Bulldozers Cranes
By Application	Road Construction Building Construction Mining
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

Global Crane Market Region 2025-2033 (USD Million)

Region	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
North America	XX.x	XX.x	XX.x	4558.5	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Europe	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Asia Pacific	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Middle East and Africa	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
LATAM	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Global Crane Market By Equipment Type 2025-2033 (USD Million)

By Equipment Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Excavators	XX.x	XX.x	XX.x	6048	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Loaders	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Bulldozers	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Cranes	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Global Crane Market By Application 2025-2033 (USD Million)

By Application	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Road Construction	XX.x	XX.x	XX.x	7177.5	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Building Construction	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mining	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.