Crane Rental Market Size

Crane Rental Market size was valued at USD 49.27 billion in 2024 and is expected to reach USD 90.63 billion by 2037, expanding at around 4.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of crane rental is assessed at USD 51.16 billion..

This boost is anticipated by the slated demand for infrastructure development and construction projects, attracting more businesses and consumers to increase its revenue share. According to the World Bank, they provided more than 12 billion to developing countries to support infrastructure development, while highlighting that several developing countries have to spend about 4.5% of GDP for basic improvements in energy, digital, transport, and several other sectors.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of crane rental is assessed at USD 51.16 billion.

The crane rental market size was valued at USD 49.27 billion in 2024 and is expected to reach USD 90.63 billion by 2037, expanding at around 4.8% CAGR during the forecast period i.e., between 2025-2037. The market growth is due to slated demand for infrastructure development and construction projects, attracting more businesses and consumers to increase its revenue share.

Asia Pacific industry is poised to account for largest revenue share of 43% by 2037, propelled by surge in urbanization, coupled with the increasing demand for construction activities along with infrastructural development in the region.

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.

Crane Rental Market Size