Crane Rental Market Size

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

Crane Rental Market Size

Crane Rental Market size was over USD 44 Billion in 2023 and is expected to cross USD 83 Billion by the end of 2036, growing at more than 5.4%% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of crane rental is assessed at USD 45.9 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.


Crane Rental Market overview
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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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