Crane and Hoist Market worth $41.56 billion by 2030 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., Aug 8, 2025 /PRNewswire/ -- The global crane and hoist market is projected to grow from USD 34.68 billion in 2025 to USD 41.56 billion by 2030, at a CAGR of 3.7% according to a new report by MarketsandMarkets™. Rising infrastructure investments and the modernization of construction practices drive the need for advanced lifting solutions. Cranes and hoists are no longer just heavy-duty machines; they are becoming smart, connected assets. Integrating digital technologies, including IoT, AI, and automation, reshapes how lifting operations are planned and executed. These systems enhance real-time decision-making, reduce operational downtime, and boost safety and efficiency. With construction demand remaining resilient and smart technologies unlocking new capabilities, the crane and hoist industry is entering a phase of intelligent, performance-driven growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31538625

Browse in-depth TOC on "Crane and Hoist Market"

197 – Tables
68 – Figures
223 – Pages

Crane and Hoist Market Scope:

Mobile cranes to hold larger market share throughout the forecast period

Mobile cranes are expected to account for a prominent share of the crane and hoist market throughout the forecast period. Mobile cranes offer key benefits such as high mobility, fast travel speeds, and quick setup, making them ideal for fast-paced and complex job sites. They are widely used in the construction, mining, aerospace, shipping, and material handling industries where the frequent lifting and relocation of heavy materials are critical. Their ability to be rapidly deployed and easily moved between sites gives them a significant advantage over fixed cranes, especially in projects with tight schedules or changing requirements. Mobile cranes reduce downtime, improve project turnaround, and adapt to various terrain and space constraints, making them a preferred choice for industries seeking flexibility, speed, and reliability in lifting operations.

Hydraulic operation segment to lead crane and hoist market throughout forecast period

The hydraulic operation segment is expected to lead the market throughout the forecast period. Growing demand from construction and material handling applications drives the adoption of hydraulic-operated cranes. These cranes offer improved energy efficiency and lower dependency on external power sources, making them ideal for lifting and relocating heavy materials in manufacturing, warehousing, and construction plants; industrial workshops; and transportation hubs. Telescopic hydraulic cylinders, capable of retracting to just 20–40% of their extended length, are particularly useful in confined spaces that require extended reach capabilities. The rising preference for hydraulic cranes is also linked to space limitations common in construction sites, shipping yards, and assembly lines. Their compact design, high lifting capacity, and operational flexibility continue to support their growing use across multiple industrial applications.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=31538625

Asia Pacific to dominate crane and hoist market during forecast period

The Asia Pacific region will dominate the crane and hoist industry throughout the forecast period. It is expected to grow at the highest CAGR from 2025 to 2030. Rapid urbanization, expanding infrastructure, and robust economic growth across China, India, Japan, and Southeast Asian nations fuel construction activity at an unprecedented pace. Projects ranging from residential and commercial buildings to highways, bridges, and industrial facilities drive the need for advanced lifting solutions. In addition to construction, the region's strong presence in manufacturing, automotive, energy, and shipping industries further boosts demand for cranes and hoists in material handling, assembly, and logistics applications. Moreover, the growing adoption of automation, smart construction technologies, and Industry 4.0 integration across these sectors is accelerating the shift toward high-performance, technologically advanced crane systems, reinforcing Asia Pacific's leadership in the global market.

Key players

The key players operating in the crane and hoist companies include Konecranes (Finland), Liebherr (Switzerland), Tadano Ltd. (Japan), The Manitowoc Company, Inc. (US), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Terex Corporation (US), Ingersoll Rand (US), PALFINGER AG (Austria), Columbus McKinnon Corporation (US), KOBE STEEL, LTD. (Japan), XCMG Group (China), Sumitomo Heavy Industries, Ltd. (Japan), ABUS Kransysteme GmbH (Germany), Mammoet (Netherlands), KATO WORKS CO., LTD. (Japan), among others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=31538625

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

See More Latest Semiconductor Reports:

Al-based Image Analysis Market by Deployment Mode (On-premises, Cloud-based), Technology (Deep Learning, Traditional Machine Learning, Hybrid & Other Al Technologies), End-use Industry and Region - Global Forecast to 2030

Automated Stationary NDT & Inspection Systems Market by in-line System Type, Ultrasonic Testing (UT), Phased Array Ultrasonic Testing (PAUT), Eddy Current Testing (ECT), Metals & Metallurgy, Rail, Oil & Gas, Aerospace - Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/crane-hoists-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/crane-hoists.asp

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets