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The global crane rental market size is expected to reach USD 82.39 billion by 2034, according to a new study by Polaris Market Research.
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Crane Rental Market Expected to reach USD 82.39 Billion by 2034 | CAGR: 5.0% Crane Rental Market Size, Share, Trends, Industry Analysis Report: By Type (Mobile Cranes and Fixed Cranes), Weight Lifting Capacity, End-Use Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
Crane Rental Market Estimate & Forecast • Global Crane Rental Market size and share is currently valued at USD 50.63 billion in 2024 and is anticipated to generate an estimated revenue of USD 82.39 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.00% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 • The crane rental market plays a crucial role in the construction and heavy equipment industry, offering a flexible and cost-effective alternative to purchasing cranes. Renting provides businesses with the flexibility to utilize a diverse selection of crane types and sizes as per their project requirements, all without the accompanying financial commitments of ownership. This market serves multiple sectors, including construction, energy, manufacturing, logistics, and particularly mining and excavation.
Crane Rental Market • The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the market are: • Action Construction Equipment Ltd. • Furukawa UNIC Corporation • Liebherr • Mammoet • Manitex International Inc. • Maxim Crane Works • Palfinger AG • Sany Group • Serens N.V. • The Manitowoc Company, Inc. • United Rentals Inc. • Browse Complete Report
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