Telescopic Truck Mounted Crane Market Size, Share & Industry Analysis, By Type (Boom Trucks, Mobile Trucks), By Capacity Type (Less Than 100 Ton, 100 Ton to 200 Ton, More Than 200 Ton), By End-Use Type (Construction, Industries, Utilities) And Regional Forecast, 2024-2032

Telescopic truck mounted cranes are massive and heavy cranes that are used for the transportation of objects from one place to another. These cranes are also a kind of mobile cranes, and because of their height and boom length adjustment functions, they can perform various operations with optimal flexibility. Also, the telescopic cranes are mainly used for the daily transportation operations and are also very important for port manoeuvre operations. The gears attached with the arm can be customized according to the requirement of the tools to achieve the desired work. The ability of the telescopic cranes to support multiple attachments makes them inherently versatile. The high flexibility of these telescopic cranes improves the work efficiency and satisfies various customer needs including placing equipment, steel assembly, concrete work, etc. Currently, the lease and rental system for heavy objects manoeuvring equipment is expected to gain lucrative demand in the telescopic truck mounted crane market. Manufacturers in the shipbuilding and construction industries usually rent heavy cranes instead of buying new cranes owing to which the prominent suppliers in the equipment manufacturing field provide rental telescopic cranes. Also, the increasing offshore activities on ports and the growing demand for energy has led to rapid growth in the global power distribution industry, which has created high demand for telescopic truck mounted cranes in the market. Easy manoeuvrability, short set-up time, heavy pickup and carrying capacity are some of the distinctive advantages of telescopic truck mounted cranes which are expected to boost the growth of the market. 

Key Market Driver -

Increasing construction activities is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

High initial and maintenance costs of telescopic cranes may hinder the growth of the market during the forecast period.

Market Segmentation:

Globally, the Telescopic Truck-Mounted Crane market is segmented by type, by capacity type, by end-use type, and by geographic coverage. Based on type, the market is further segmented into boom trucks and mobile trucks. The telescopic boom truck cranes holds the major share in the global market. The telescopic boom truck cranes are equipped with hooks mounted on a standard flatbed commercial truck chassis. Although the load capacity of the telescopic boom truck crane has decreased in the entire crane chart range, it still has advantages over other traditional truck cranes. The advantage is that the telescopic boom truck-mounted crane can follow the boom to and from the job site, and usually can be installed without an auxiliary crane. Also, these cranes are mostly preferred in rental fleets and provides short set-up time, large boom length, and fast road travel. The capacity type is further segmented into less than 100 ton, 100 ton to 200 ton, and more than 200 ton. The 100 tons to 200 tons capacity telescopic cranes holds the major share in the global market. The most common telescopic crane models in production are produced by Grove, Terex and Link-Belt with capacities ranging from 100-150 tons and can provide a lifting height of up to 310 feet. Stronger lifting cranes can lift up more than 150 US tons. The end-use segment is further divided into construction, industries, and utilities. The construction segment holds the maximum share in the global market. The development of infrastructures, and the increasing demand for various large construction projects majorly in the emerging economies is projected to drive the growth of the telescopic truck mounted crane market during the forecast period. Also, owing to the adoption of advanced technology and improved efficiency, telescopic cranes are used in mining operations and urban infrastructure development projects, which provides impetus for the growth of the telescopic truck mounted crane market.

Key Players:

Major players operating in the global Telescopic Truck-Mounted Crane market include Terex Corporation, Tadano Faun GmbH, Elliott Equipment Company, Liebherr Group, KOBE STEEL, LTD., MEDIACO LEVAGE, J C Bamford Excavators Ltd, Xuzhou Yamar Equipment Co., Ltd., and Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd. among others.

Key Insights

• New Advancements in Telescopic Truck-Mounted Crane


• Number of Products, Key Countries, 2019


• New Product Launches, Key Players

Regional Analysis:

Geographically, the Telescopic Truck-Mounted Crane market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is estimated to hold a prominent share in the global market and is expected to propel further in the coming few years owing  to the rapid growth in the demand for telescopic cranes in the construction as well as shipping industries. Also, the high demographic growth, increasing urbanization is leading to the development of infrastructures and residential construction in this region. Developing and developed countries such as India, China, and Japan are projected as the prominent players in the Asia Pacific telescopic truck mounted crane market. North America holds the second largest share in the global market owing to the increase in the construction activities and growing demand for heavy load carrying equipment in the shipping, aerospace and defence industries.

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Segmentation