Transportation Products & Services

Crane Trucks: Market Size, Growth & Forecast to 2030

The Crane Trucks market is valued at about $7.85 billion (2026) and is projected to grow at a 4.8% CAGR through 2030. The largest cost driver is High-strength and alloyed steel (Strenx 700/1100 MC and AISI 4130) (40% of spend). Asia Pacific leads demand at 45%.

Market size
$7.85 bn (2026)
CAGR to 2030
+4.8%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 4.8% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 126

Cost structure

High-strength and alloyed steel (Strenx 700/1100 MC and AISI 4130)
40%
Hydraulic systems and stabilization components
25%
Truck chassis integration and power take-off assembly
15%
Manufacturing labor and precision engineering
12%
Logistics and regional distribution
8%

Regional demand split

Asia Pacific demand
45%
Europe demand
25%
North America demand
18%
Latin America demand
6%
Rest of world demand
6%

Key suppliers

Palfinger AGHiab (Cargotec)XCMG Construction Machinery Co., Ltd.Tadano Ltd.Fassi Gru S.p.A.Sany GroupManitowoc Company, Inc.
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/crane-trucks