The North America Crane Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Crane Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,270.5 million by 2031. The Canada market is experiencing a CAGR of 6.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.4% during (2024 - 2031).
A crane is used to lift heavy materials and transport them to another place with the help of a hoisting mechanism. The increasing rate of urbanization and the need for infrastructure development, such as roads, bridges, airports, and ports, drive the demand for cranes. The rise in large-scale construction projects, including high-rise buildings, residential complexes, and commercial spaces, requires cranes for efficient material handling and construction activities.
The growing manufacturing sector, particularly in emerging economies, drives the demand for cranes. Expansion and modernization of manufacturing facilities require efficient material handling equipment like cranes to streamline production processes. Cranes play a crucial role in improving efficiency and productivity in manufacturing operations by reducing downtime, minimizing material handling time, and increasing throughput. For instance, in November 2023, Canadian manufacturing sales increased by 1.2% to $71.7 billion, as reported by Statistics Canada. As manufacturers strive to enhance operational efficiency, the demand for advanced cranes continues to rise.
Canada's urban centers are experiencing rapid urbanization and population growth, driving demand for residential, commercial, and infrastructure construction projects. Canada invests in infrastructure projects such as roads, bridges, transit systems, and airports to modernize transportation networks, reduce congestion, and stimulate economic growth. Canada's commercial and industrial sectors are expanding, driven by demand for office space, retail centers, warehouses, and manufacturing facilities. According to Statistics Canada, the 11-census metropolitan area (CMA) composite for residential building construction prices increased 7.6% annually in 2023. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Crane Market is Predict to reach USD 43.5 Billion by 2031, at a CAGR of 4.7%
Based on Product, the market is segmented into Fixed Crane (Tower Crane, Gantry Crane, Monorail Crane, Stiff Leg Crane), and Mobile Crane (Truck Loader Crane, Crawler Crane, All Terrain Crane, Rough Terrain Crane). Based on Fixed Crane Load Capacity, the market is segmented into 25 to 80 Ton, Below 25 Ton, and Above 80 Tons. Based on Mobile Crane Load Capacity, the market is segmented into 5 Ton, 10-20 Ton, 21-30 Ton, and Others. Based on Application, the market is segmented into Construction, Mining, Industrial, Oil & Gas, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Caterpillar, Inc.
- Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
- Komatsu Ltd.
- Liebherr-International AG
- SANY Group
- Terex Corporation
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Gorbel Inc.
- Tadano Ltd.
- The Manitowoc Company, Inc.
North America Crane Market Report Segmentation
By Product
- Fixed Crane
- Fixed Crane Type
- Tower Crane
- Gantry Crane
- Monorail Crane
- Stiff Leg Crane
- Fixed Crane Load Capacity
- 25 to 80 Ton
- Below 25 Ton
- Above 80 Tons
- Mobile Crane
- Mobile Crane Type
- Truck Loader Crane
- Crawler Crane
- All Terrain Crane
- Rough Terrain Crane
- Mobile Crane Load Capacity
- 5 Ton
- 10-20 Ton
- 21-30 Ton
- Others
By Application
- Construction
- Mining
- Industrial
- Oil & Gas
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Crane Market, 2020 - 2023, USD Million
TABLE 2 North America Crane Market, 2024 - 2031, USD Million
TABLE 3 Product Launches And Product Expansions– Crane Market
TABLE 4 Acquisition and Mergers– Crane Market
TABLE 5 North America Crane Market by Product, 2020 - 2023, USD Million
TABLE 6 North America Crane Market by Product, 2024 - 2031, USD Million
TABLE 7 North America Fixed Crane Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Fixed Crane Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Crane Market by Fixed Crane Type, 2020 - 2023, USD Million
TABLE 10 North America Crane Market by Fixed Crane Type, 2024 - 2031, USD Million
TABLE 11 North America Tower Crane Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Tower Crane Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Gantry Crane Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Gantry Crane Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Monorail Crane Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Monorail Crane Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Stiff Leg Crane Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Stiff Leg Crane Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Crane Market by Fixed Crane Load Capacity, 2020 - 2023, USD Million
TABLE 20 North America Crane Market by Fixed Crane Load Capacity, 2024 - 2031, USD Million
TABLE 21 North America 25 to 80 Ton Market by Country, 2020 - 2023, USD Million
TABLE 22 North America 25 to 80 Ton Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Below 25 Ton Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Below 25 Ton Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Above 80 Tons Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Above 80 Tons Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Mobile Crane Market by Region, 2020 - 2023, USD Million
TABLE 28 North America Mobile Crane Market by Region, 2024 - 2031, USD Million
TABLE 29 North America Crane Market by Mobile Crane Type, 2020 - 2023, USD Million
TABLE 30 North America Crane Market by Mobile Crane Type, 2024 - 2031, USD Million
TABLE 31 North America Truck Loader Crane Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Truck Loader Crane Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Crawler Crane Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Crawler Crane Market by Country, 2024 - 2031, USD Million
TABLE 35 North America All Terrain Crane Market by Country, 2020 - 2023, USD Million
TABLE 36 North America All Terrain Crane Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Rough Terrain Crane Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Rough Terrain Crane Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Crane Market by Mobile Crane Load Capacity, 2020 - 2023, USD Million
TABLE 40 North America Crane Market by Mobile Crane Load Capacity, 2024 - 2031, USD Million
TABLE 41 North America 5 Ton Market by Country, 2020 - 2023, USD Million
TABLE 42 North America 5 Ton Market by Country, 2024 - 2031, USD Million
TABLE 43 North America 10-20 Ton Market by Country, 2020 - 2023, USD Million
TABLE 44 North America 10-20 Ton Market by Country, 2024 - 2031, USD Million
TABLE 45 North America 21-30 Ton Market by Country, 2020 - 2023, USD Million
TABLE 46 North America 21-30 Ton Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 49 North America Crane Market by Application, 2020 - 2023, USD Million
TABLE 50 North America Crane Market by Application, 2024 - 2031, USD Million
TABLE 51 North America Construction Market by Country, 2020 - 2023, USD Million
TABLE 52 North America Construction Market by Country, 2024 - 2031, USD Million
TABLE 53 North America Mining Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Mining Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Industrial Market by Country, 2020 - 2023, USD Million
TABLE 56 North America Industrial Market by Country, 2024 - 2031, USD Million
TABLE 57 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 60 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 61 North America Crane Market by Country, 2020 - 2023, USD Million
TABLE 62 North America Crane Market by Country, 2024 - 2031, USD Million
TABLE 63 US Crane Market, 2020 - 2023, USD Million
TABLE 64 US Crane Market, 2024 - 2031, USD Million
TABLE 65 US Crane Market by Product, 2020 - 2023, USD Million
TABLE 66 US Crane Market by Product, 2024 - 2031, USD Million
TABLE 67 US Crane Market by Fixed Crane Type, 2020 - 2023, USD Million
TABLE 68 US Crane Market by Fixed Crane Type, 2024 - 2031, USD Million
TABLE 69 US Crane Market by Fixed Crane Load Capacity, 2020 - 2023, USD Million
TABLE 70 US Crane Market by Fixed Crane Load Capacity, 2024 - 2031, USD Million
TABLE 71 US Crane Market by Mobile Crane Type, 2020 - 2023, USD Million
TABLE 72 US Crane Market by Mobile Crane Type, 2024 - 2031, USD Million
TABLE 73 US Crane Market by Mobile Crane Load Capacity, 2020 - 2023, USD Million
TABLE 74 US Crane Market by Mobile Crane Load Capacity, 2024 - 2031, USD Million
TABLE 75 US Crane Market by Application, 2020 - 2023, USD Million
TABLE 76 US Crane Market by Application, 2024 - 2031, USD Million
TABLE 77 Canada Crane Market, 2020 - 2023, USD Million
TABLE 78 Canada Crane Market, 2024 - 2031, USD Million
TABLE 79 Canada Crane Market by Product, 2020 - 2023, USD Million
TABLE 80 Canada Crane Market by Product, 2024 - 2031, USD Million
TABLE 81 Canada Crane Market by Fixed Crane Type, 2020 - 2023, USD Million
TABLE 82 Canada Crane Market by Fixed Crane Type, 2024 - 2031, USD Million
TABLE 83 Canada Crane Market by Fixed Crane Load Capacity, 2020 - 2023, USD Million
TABLE 84 Canada Crane Market by Fixed Crane Load Capacity, 2024 - 2031, USD Million
TABLE 85 Canada Crane Market by Mobile Crane Type, 2020 - 2023, USD Million
TABLE 86 Canada Crane Market by Mobile Crane Type, 2024 - 2031, USD Million
TABLE 87 Canada Crane Market by Mobile Crane Load Capacity, 2020 - 2023, USD Million
TABLE 88 Canada Crane Market by Mobile Crane Load Capacity, 2024 - 2031, USD Million
TABLE 89 Canada Crane Market by Application, 2020 - 2023, USD Million
TABLE 90 Canada Crane Market by Application, 2024 - 2031, USD Million
TABLE 91 Mexico Crane Market, 2020 - 2023, USD Million
TABLE 92 Mexico Crane Market, 2024 - 2031, USD Million
TABLE 93 Mexico Crane Market by Product, 2020 - 2023, USD Million
TABLE 94 Mexico Crane Market by Product, 2024 - 2031, USD Million
TABLE 95 Mexico Crane Market by Fixed Crane Type, 2020 - 2023, USD Million
TABLE 96 Mexico Crane Market by Fixed Crane Type, 2024 - 2031, USD Million
TABLE 97 Mexico Crane Market by Fixed Crane Load Capacity, 2020 - 2023, USD Million
TABLE 98 Mexico Crane Market by Fixed Crane Load Capacity, 2024 - 2031, USD Million
TABLE 99 Mexico Crane Market by Mobile Crane Type, 2020 - 2023, USD Million
TABLE 100 Mexico Crane Market by Mobile Crane Type, 2024 - 2031, USD Million
TABLE 101 Mexico Crane Market by Mobile Crane Load Capacity, 2020 - 2023, USD Million
TABLE 102 Mexico Crane Market by Mobile Crane Load Capacity, 2024 - 2031, USD Million
TABLE 103 Mexico Crane Market by Application, 2020 - 2023, USD Million
TABLE 104 Mexico Crane Market by Application, 2024 - 2031, USD Million
TABLE 105 Rest of North America Crane Market, 2020 - 2023, USD Million
TABLE 106 Rest of North America Crane Market, 2024 - 2031, USD Million
TABLE 107 Rest of North America Crane Market by Product, 2020 - 2023, USD Million
TABLE 108 Rest of North America Crane Market by Product, 2024 - 2031, USD Million
TABLE 109 Rest of North America Crane Market by Fixed Crane Type, 2020 - 2023, USD Million
TABLE 110 Rest of North America Crane Market by Fixed Crane Type, 2024 - 2031, USD Million
TABLE 111 Rest of North America Crane Market by Fixed Crane Load Capacity, 2020 - 2023, USD Million
TABLE 112 Rest of North America Crane Market by Fixed Crane Load Capacity, 2024 - 2031, USD Million
TABLE 113 Rest of North America Crane Market by Mobile Crane Type, 2020 - 2023, USD Million
TABLE 114 Rest of North America Crane Market by Mobile Crane Type, 2024 - 2031, USD Million
TABLE 115 Rest of North America Crane Market by Mobile Crane Load Capacity, 2020 - 2023, USD Million
TABLE 116 Rest of North America Crane Market by Mobile Crane Load Capacity, 2024 - 2031, USD Million
TABLE 117 Rest of North America Crane Market by Application, 2020 - 2023, USD Million
TABLE 118 Rest of North America Crane Market by Application, 2024 - 2031, USD Million
TABLE 119 key information – Caterpillar, Inc.
TABLE 120 Key Information – Hitachi construction machinery co., ltd.
TABLE 121 Key Information – Komatsu Ltd.
TABLE 122 Key Information – Liebherr—international ag
TABLE 123 Key Information – SANY Group
TABLE 124 Key Information – Terex Corporation
TABLE 125 Key Information – Zoomlion Heavy Industry Science&Technology Co., Ltd.
TABLE 126 Key Information – Gorbel Inc.
TABLE 127 Key Information – Tadano Ltd.
TABLE 128 Key Information – The Manitowoc Company, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Crane Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Crane Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2020, Apr – 2024, Feb) Leading Players
FIG 7 Porter’s Five Forces Analysis –Crane Market
FIG 8 North America Crane Market share by Product, 2023
FIG 9 North America Crane Market share by Product, 2031
FIG 10 North America Crane Market by Product, 2020 - 2031, USD Million
FIG 11 North America Crane Market share by Application, 2023
FIG 12 North America Crane Market share by Application, 2031
FIG 13 North America Crane Market by Application, 2020 - 2031, USD Million
FIG 14 North America Crane Market share by Country, 2023
FIG 15 North America Crane Market share by Country, 2031
FIG 16 North America Crane Market by Country, 2020 - 2031, USD Million
FIG 17 SWOT Analysis: Caterpillar, Inc.
FIG 18 SWOT Analysis: HITACHI CONSTRUCTION MACHINERY CO., LTD
FIG 19 Recent strategies and developments: Komatsu Ltd.
FIG 20 SWOT Analysis: Komatsu Ltd.
FIG 21 SWOT Analysis: Liebherr-International AG
FIG 22 SWOT Analysis: SANY Group
FIG 23 SWOT Analysis: Terex Corporation
FIG 24 SWOT Analysis: Zoomlion Heavy Industry Science & Technology Co., Ltd.
FIG 25 SWOT Analysis: Gorbel Inc.
FIG 26 SWOT Analysis: Tadano Ltd.
FIG 27 Recent strategies and developments: The Manitowoc Company, Inc.
FIG 28 SWOT Analysis: The Manitowoc Company, Inc.