The global truck mounted knuckle boom cranes market is projected to grow steadily from USD 1,584 million in 2025 to USD 2,581 million by 2035, expanding at a CAGR of 5.0%. Featuring articulated arms and compact designs, these cranes deliver enhanced maneuverability and lifting efficiency, making them indispensable in construction, logistics, utilities, and infrastructure development.
Growing infrastructure projects, increasing demand for space-efficient lifting equipment, and advancements in hydraulic systems and telematics are set to accelerate market expansion in the coming decade. Beyond their compact design and articulated lifting arms, truck mounted knuckle boom cranes are increasingly being recognized as versatile tools that combine strength with adaptability. They allow operators to perform complex lifts in confined spaces while reducing the need for multiple machines on-site, making them highly cost-efficient for contractors, municipalities, and utility providers.
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Market Trends Highlighted
- Technological Advancements Driving Efficiency – Continuous innovations in control technologies, hydraulics, and IoT-enabled telematics are improving crane performance, enabling predictive maintenance, and enhancing operator safety.
- Shift Toward Sustainability – Electric and hybrid knuckle boom cranes are emerging as viable alternatives to traditional models, aligning with global green construction practices and stricter emission regulations.
- Construction Industry Leading Adoption – With urban infrastructure upgrades and large-scale projects worldwide, the construction sector accounted for over 52% of market demand in 2025, cementing its position as the largest end-use industry.
- Heavy Duty Cranes Dominate Demand – Holding 47% share in 2025, heavy-duty models are in high demand for applications requiring precision and strength, such as wind turbine assembly, bridge building, and large infrastructure works.
- Integration of Smart Technologies – Real-time monitoring, remote operations, and AI-assisted lifting path planning are reshaping market dynamics, creating opportunities for efficiency and safety improvements.
Key Takeaways of the Report
- Market value expected to rise from USD 1,584 million in 2025 to USD 2,581 million in 2035, at a CAGR of 5.0%.
- Heavy duty cranes remain the dominant product category, widely used in construction, energy, and offshore applications.
- The construction industry continues to lead market adoption with a 52% share in 2025, supported by urban redevelopment and infrastructure expansion.
- IoT, telematics, and automation integration are critical growth drivers, enabling real-time monitoring and remote operability.
- High initial costs and skilled operator shortages remain market challenges, but opportunities lie in electrification and emerging markets.
Regional Market Outlook
- North America – Strong demand from infrastructure redevelopment, utility expansion, and energy projects positions the U.S. and Canada as major markets. Strict safety regulations and adoption of advanced control systems fuel continued growth.
- Europe – Countries such as Germany, France, and the UK are driving demand, supported by sustainable construction practices and a high concentration of crane manufacturers introducing next-gen solutions.
- Asia-Pacific – Poised for the fastest growth, led by rapid urbanization, industrialization, and large-scale infrastructure investments in China, India, and Japan. Government initiatives and foreign investments are boosting crane adoption.
Challenges and Opportunities
While the market faces challenges such as high initial investment, ongoing maintenance costs, and a shortage of skilled operators, manufacturers are countering these with operator-friendly automation, remote control systems, and enhanced safety compliance. Opportunities lie in:
- Expanding adoption of electric and hybrid cranes in line with stricter environmental mandates.
- Integration of IoT-based predictive maintenance and telematics to improve uptime and efficiency.
- Growth in emerging economies with large-scale construction and industrialization projects.
Company Profile
- Hyva
- Furukawa Co. Ltd
- Kawasaki Heavy Industries
- Liebherr-International AG
- SANY Group
- Terex Corporation
- Tadano Limited
- Palfinger AG
- TIL Limited
- Manitowoc Co.
Key segmentation
By Capacity:
- Small Duty
- Medium Duty
- Big Duty
- Heavy Duty
By Sales:
- New Sales
- Aftermarket
By End-Use Industry:
- Construction
- Mining
- Oil & Gas
- Energy
- Forestry
- Logistics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
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