Truck Loader Crane Market Size

Truck Loader Crane Market size was over USD 1.85 billion in 2024 and is poised to exceed USD 4.91 billion by 2037, witnessing over 7.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of truck loader crane is evaluated at USD 1.97 billion. The increased construction activity is a factor that has contributed to the growth of the market. In view of the desire to build better and larger homes and workplaces, construction is increasing. In February 2023, the number of permits issued in the United States for construction was up by about 14 % to approximately 2 million per year on a seasonal basis.

Furthermore, it is believed that the increased demand for trucks with front-loading cranes and particularly truck tractors are factors that contribute to market growth. It is expected that India will experience an increased demand for mobile cranes in the 20 to 60 tons range, as well as a higher value between 80 and 100 tons on all-terrain models. For the 20 to 60 tons category, demand was set at approximately 50 units, and for the 80 to 100 tons category about 35 units in 2021.