Crane Rental Market Analysis

Crane Type (Mobile, Fixed, Tower, Telescopic, Overhead, Floating, Gantry, Loader)

Mobile segment is poised to hold over 25% crane rental market share by the end of 2036. For instance, Terex Corp. announced the launch of their telematics platform “T-Link” for their Terex rough terrain Crane.

Additionally, there is also an increase in the portability, efficiency, and flexibility that they provide in construction operations. The increase in such technological advancements has fueled the lifting capacities while improving the safety features, which makes them a better option for consumers.

Application (Oil & gas, Construction & mining, Utility, Transportation, Manufacturing)

The oil & gas segment in the crane rental market is set to garner a notable size by 2036 and is likely to remain the second largest segment in the application of the crane rental landscape impelled by its increasing usage in online retail for their large lifting capacities, coupled with high investments by government in this sector. According to the International Energy Forum, the capital expenditure on oil and gas increased by about 39% from 2022 to 2014.

Weight Lifting Capacity (Low, Low-Medium, Heavy, Extreme Heavy)

The low segment is projected to hold the highest influencing segment under the weight-lifting capacity of the crane rental market with a share of about 41%. The reason behind this impact is projected by the increase in several activities such as maintenance, repairs, construction, and many more.

Our in-depth analysis of the crane rental market includes the following segments:

Crane Type	Mobile Fixed Tower Telescopic Overhead Floating Gantry Loader
Application	Oil & gas Construction & mining Utility Transportation Manufacturing
Weight Lifting Capacity	Low Low-Medium Heavy Extreme Heavy
Lift Height	Up to 80m 80-100m 100-120m Above 120m
End-User	Construction & Infrastructure Energy & Utilities Manufacturing Maritime & Ports Mining and Resources Transportation & Logistics Agriculture

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the crane rental market was over USD 44 billion.

The market size for the crane rental market is projected to cross USD 83 billion by the end of 2036 expanding at a CAGR of 5.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Sarens Group, Tiong Woon Corporation Holding Ltd., All Erection & Crane Rental Corp., Bigge Crane and Rigging Co., Barnhart Crane & Rigging, Vedanta Limited, Shanghai Zhenhua Heavy Industries Co., Ltd., Clark Rigging & Rental Corp., Sims Crane & Equipment Co., and others.

In terms of crane type, the mobile segment is anticipated to account for the largest market share of 28% during 2024-2036.

The APAC crane rental sector is poised to hold the highest share of 43% by 2036.

Crane Rental Market Analysis