Global Cranes Rental Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• In April 2023, Maxim Crane Works, L.P., a US-based crane rental company, announced the opening of a new branch in Houston, Texas, aimed at providing crane rental services specifically for the oil and gas sector in the region.

• In May 2023, Action Construction Equipment Ltd., an Indian crane rental firm, introduced its new mobile crane rental fleet. This fleet, consisting of 50 cranes, is set to support a range of construction projects across India.

• In June 2023, ALL Erection & Crane Rental Corp., a US crane rental company, completed the acquisition of Lampson International LLC. This strategic move positions ALL Erection among the largest crane rental companies in the US.

• In July 2023, Sarens NV, a prominent crane rental company, announced it had acquired Mammoet's North American crane rental operations. This acquisition enhances Sarens' presence in the North American market and expands its crane fleet.

In this report, the Cranes Rental Market has been segmented by Type, Weight Lifting Capacity, Rental Duration, End-Use Industry and Geography.

Cranes Rental Market, Segmentation by Type

The Cranes Rental Market has been segmented by Type into Mobile Cranes and Fixed Cranes.

Mobile Cranes

Mobile cranes dominate the cranes rental market with a share exceeding 65%, owing to their flexibility, ease of transport, and quick setup. These cranes are widely used in urban construction, infrastructure development, and maintenance projects where space and time are constrained.

Fixed Cranes

Fixed cranes hold nearly 35% of the market and are favored for their load-bearing capacity and stability in long-term construction projects. They are essential in applications like high-rise buildings, bridges, and industrial plants, where consistent performance and height advantage are critical.

Cranes Rental Market, Segmentation by Weight Lifting Capacity

The Cranes Rental Market has been segmented by Weight Lifting Capacity into Low Weight Lifting Capacity, LowMedium Weight Lifting Capacity, Heavy Weight Lifting Capacity, and Extreme Heavy Weight Lifting Capacity.

Low Weight Lifting Capacity

Low weight lifting capacity cranes (up to 10 tons) account for around 27% of the rental market. These cranes are ideal for light-duty tasks such as residential construction, warehouse loading, and equipment installation where agility and cost-efficiency are priorities.

Low-Medium Weight Lifting Capacity

Cranes with low-medium lifting capacity (11–50 tons) hold nearly 31% of the market. Their versatility makes them popular in urban infrastructure projects, mid-rise buildings, and maintenance operations, offering a balance between mobility and performance.

Heavy Weight Lifting Capacity

Heavy weight lifting cranes (51–150 tons) constitute approximately 25% of the market. They are widely used in industrial settings, bridge construction, and structural steel placement, where both precision and strength are required.

Extreme Heavy Weight Lifting Capacity

Extreme heavy weight cranes (above 150 tons) make up around 17% of the rental market. These cranes are essential in mega construction projects, offshore operations, and large-scale industrial installations requiring high-lift capacity and structural stability.

Cranes Rental Market, Segmentation by Rental Duration

The Cranes Rental Market has been segmented by Rental Duration into Short-Term Rentals and Long-Term Rentals.

Short-Term Rentals

Short-term rentals dominate the crane rental market, comprising nearly 62% of the total share. These rentals are preferred for temporary construction projects, emergency repairs, and event setups where flexibility and cost-effectiveness are critical.

Long-Term Rentals

Long-term rentals account for about 38% of the market, catering to projects with extended timelines such as infrastructure development, industrial plant construction, and urban redevelopment. These agreements often come with maintenance packages and bulk pricing benefits.

Cranes Rental Market, Segmentation by End-Use Industry

The Cranes Rental Market has been segmented by End-Use Industry into Building & Construction, Oil & Gas, Marine & Offshore, Mining & Excavation, Transportation, and Others.

Building & Construction

The building & construction sector holds the largest share of over 40% in the cranes rental market. The demand is fueled by rising urban infrastructure projects, commercial real estate development, and residential construction activities across both developed and developing regions.

Oil & Gas

The oil & gas industry accounts for nearly 18% of the market, with cranes being used for rig installation, equipment handling, and maintenance in offshore and onshore drilling operations. The segment benefits from the sector's cyclical investment in exploration and production.

Marine & Offshore

Marine & offshore applications represent approximately 12% of the cranes rental market. These cranes are critical for port operations, shipbuilding, and logistics loading/unloading in coastal infrastructure and offshore platforms.

Mining & Excavation

The mining & excavation segment captures around 15% of the market, driven by the use of heavy-duty cranes in ore extraction, equipment relocation, and mining pit development. The sector demands robust lifting solutions for extreme terrains.

Transportation

Transportation accounts for about 9% of crane rental usage, especially in railway construction, bridge assembly, and cargo handling. The sector relies on cranes to support the development of logistics corridors and multimodal hubs.

Others

The others segment includes sectors such as utilities, entertainment, and government projects, making up the remaining 6% of the market. These applications are characterized by specialized lifting needs and project-based crane deployment.

Cranes Rental Market, Segmentation by Geography

In this report, the Cranes Rental Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Cranes Rental Market Share (%), by Geographical Region

North America

North America holds a market share of around 28%, driven by high demand from the construction, oil & gas, and infrastructure development sectors. The U.S. dominates this region due to substantial investments in urban redevelopment and energy infrastructure.

Europe

Europe accounts for nearly 22% of the cranes rental market. The region's growth is supported by ongoing infrastructure modernization, transportation upgrades, and a strong presence of rental service providers in countries such as Germany, France, and the UK.

Asia Pacific

Asia Pacific leads the global market with a share exceeding 35%, fueled by rapid urbanization, extensive infrastructure development, and growing industrial activities in China, India, and Southeast Asia. The surge in smart city projects further accelerates demand.

Middle East and Africa

This region captures approximately 9% of the global market, supported by investments in oil & gas exploration, commercial construction, and mega infrastructure projects in countries like the UAE and Saudi Arabia. Rental services benefit from cost-effective deployment.

Latin America

Latin America contributes around 6% to the overall market. Growth in this region is led by public infrastructure projects and residential developments in Brazil, Mexico, and Chile, with increased preference for cost-efficient crane rentals.

This report provides an in depth analysis of various factors that impact the dynamics of Global Cranes Rental Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers

• Growing construction activities
• Increased infrastructure projects
• Urbanization and industrialization

• Technological advancements in cranes: The global cranes rental market has been experiencing significant growth driven by advancements in technology. Modern cranes are increasingly equipped with advanced features such as digital controls, automated systems, and improved safety mechanisms, which enhance operational efficiency and safety. These technological advancements not only reduce the need for manual intervention but also allow for precise and efficient lifting operations. The integration of telematics and remote monitoring systems enables operators to manage crane operations from a distance, providing real-time data on performance, maintenance needs, and potential issues. This shift towards automation and digitalization is transforming the cranes rental industry by improving productivity and reducing downtime.

  One of the key technological advancements in cranes is the development of hybrid and electric cranes. These cranes are designed to minimize environmental impact by reducing emissions and fuel consumption. Hybrid cranes combine diesel engines with electric motors to optimize fuel efficiency, while fully electric cranes offer a sustainable alternative with zero emissions. This trend aligns with the growing emphasis on green construction practices and sustainability in the construction industry. Additionally, advancements in battery technology and energy storage solutions are further enhancing the viability and performance of electric and hybrid cranes.

  Another notable innovation is the incorporation of advanced safety features and smart technology. Modern cranes are now equipped with sensors and automated systems that detect and prevent potential hazards, such as overloads and structural weaknesses. Enhanced stability control systems, collision avoidance technologies, and automated load monitoring contribute to safer crane operations and reduce the risk of accidents on construction sites. These safety improvements not only protect workers but also reduce the likelihood of costly project delays and legal liabilities. As the cranes rental market continues to evolve, ongoing technological advancements are expected to drive further improvements in efficiency, safety, and environmental sustainability.

Restraints

• High rental costs
• Regulatory compliance challenges
• Equipment maintenance issues

• Market competition intensity:The Global Cranes Rental Market is experiencing heightened competition due to the increasing demand for construction and infrastructure projects across various regions. With a surge in urbanization, industrialization, and infrastructural development, numerous players are entering the market to capture their share of this growing sector. Major companies are expanding their fleets and offering a diverse range of cranes, from mobile and tower cranes to rough-terrain and crawler cranes, to meet the diverse needs of construction projects. This diverse fleet is essential for handling various tasks, from high-rise construction to heavy lifting in challenging terrains, further intensifying market competition.

  In addition to fleet expansion, companies are focusing on technological advancements and service innovations to differentiate themselves. The integration of advanced technologies such as telematics, automation, and data analytics into crane operations is becoming a key competitive factor. These innovations enhance the efficiency, safety, and reliability of crane operations, providing a significant edge over competitors. Furthermore, rental companies are increasingly offering value-added services such as operator training, maintenance, and 24/7 customer support to attract and retain clients, further intensifying competition in the market.

  The competitive landscape is also influenced by regional dynamics and the presence of both global and local players. While global companies leverage their extensive networks and resources to gain a competitive advantage, local players often capitalize on their regional expertise and relationships. This dual presence creates a dynamic competitive environment where global firms compete with local players who offer specialized knowledge and tailored services. As the market continues to grow, maintaining a competitive edge will require companies to innovate, adapt to regional demands, and provide exceptional service to meet the evolving needs of the construction industry.

Opportunities

• Expanding emerging markets
• Green technology integration
• Diversified rental services

• Innovation in crane designs: The global cranes rental market has witnessed significant growth in recent years, driven by increasing infrastructure projects and industrial activities worldwide. The rental model offers flexibility and cost-efficiency for companies that require cranes for short-term projects or fluctuating workloads. This trend is particularly prevalent in sectors like construction, oil and gas, and mining, where large-scale projects demand heavy lifting equipment. Rental services not only reduce the capital expenditure for companies but also provide access to the latest crane technologies and maintenance services, ensuring operational efficiency and safety.

  Innovation in crane designs has been pivotal in meeting the evolving demands of modern construction and industrial applications. Manufacturers have introduced advanced cranes with enhanced lifting capacities, improved safety features, and greater maneuverability. For instance, telescopic cranes with extendable booms allow for greater reach and flexibility on job sites with limited space. Similarly, hybrid cranes that combine traditional hydraulic systems with electric power sources are gaining popularity due to their reduced environmental impact and operational costs. These innovations enable cranes to handle more complex and diverse tasks, enhancing productivity and adaptability in various working environments.

  The integration of smart technology into crane designs is transforming the market landscape. Modern cranes are equipped with advanced sensors, GPS, and real-time monitoring systems that provide operators with critical data and improve decision-making. These technologies enhance safety by enabling better load management and collision avoidance, while also facilitating predictive maintenance through data analysis. As the demand for more efficient and technologically advanced cranes grows, manufacturers continue to push the boundaries of innovation, further shaping the future of the global cranes rental market.

Key players in Global Cranes Rental Market include:

• Liebherr Group
• United Rentals, Inc
• H&E Equipment Services, Inc
• Terex Corporation
• Faymonville Group
• Cargotec Corporation
• Manitowoc Company, Inc
• Kato Works Co., Ltd
• SANY Group
• Zoomlion Heavy Industry Science & Technology Co., Ltd

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis