(MENAFN- GetNews)


"Crane and Hoist Market"The global Crane and Hoist Market Size was estimated at USD 32.85 billion in 2024 and is predicted to increase from USD 34.68 billion in 2025 to approximately USD 41.56 billion by 2030, expanding at a CAGR of 3.7% from 2025 to 2030.

The report " Crane and Hoist Market by Mobile Cranes (Lattice Boom, Telescopic Boom, Crawler, Rough Terrain, All-Terrain, Truck-Loader), Fixed Cranes (Industrial, Tower, Ship-to-Shore), Operation (Hydraulic, Electric), Hoist Type, Region - Global Forecast to 2030 " 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%. 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 @

Browse 197 market data Tables and 68 Figures spread through 223 Pages and in-depth TOC on "Crane and Hoist Market"

View detailed Table of Content here -

-pong>

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 Industry

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 @

Asia Pacific to dominate crane and hoist market during forecast period

The Asia Pacific region will dominate the crane and hoist market 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

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.

MENAFN04122025003238003268ID1110439217