Crane Rental Market Share

  • Report ID: 6117
  • Published Date: Jun 05, 2024
  • Report Format: PDF, PPT

Crane Rental Market Share

APAC Market Statistics

APAC region in crane rental market is projected to capture over 43% revenue share by 2036. The landscape's tremendous growth in the region is expected to credit a surge in urbanization and increasing demand for manufacturing & construction activities along with infrastructure development. According to the UN-Habitat, it is projected that the urban population in Asia Pacific will grow by 50% by 2050.

China's ever-growing economy and rapid industrialization are expected to fuel the crane rental market demand. According to a report, it is projected that by 2035 the urbanization rate of China will cross 78%, estimated to be 66% in 2023.

North American Market Analysis

North American region in crane rental market size is estimated to cross USD 28 Billion by 2036 and will account for the second position attributed to the increasing demand for the construction sector.

The growth in infrastructure projects, commercial structures, housing complexes, and many more is expected to grow the demand for the crane rental sector in the United States. According to the U.S. Department of Treasury, as the income increases, it is expected that there will be more infrastructure per capita investments as compared to lower-income states.

Research Nester
Cranes Rental Market size
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Author Credits:  Shweta Patidar


  • Report ID: 6117
  • Published Date: Jun 05, 2024
  • Report Format: PDF, PPT

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.
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