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.