Truck-mounted cranes are cranes mounted on top of trucks. These cranes are attached to the rear side of the trucks and used to load and unload the goods or to move heavy equipment or materials. 

Truck-mounted cranes require less space and are portable. They also don’t need support structures and can be transported from one industrial plant to another very easily. They can rotate in 360 degrees carrying goods from every corner. Also, they reduce the running costs. They provide better flexibility and reliability as compared to the immobile cranes supported by structures. 

Truck-mounted cranes are available in several drives like electrical, hydraulic, and mechanical. According to the Consegic Business Intelligence report on the Truck-Mounted Cranes Market, in 2022, electric truck-mounted cranes held the largest market share at about 47.21%. Electric truck-mounted cranes are recommended by industry experts, as they are more efficient to fuel truck-mounted cranes, and also are more efficient and emission-free. Hydraulic truck-mounted crane is expected to have the fastest growth in the upcoming decade. These cranes use hydraulic power to lift and release materials or objects.

Truck-mounted cranes also vary by capacity ranging from below 15 tons to above 50 tons. Different capacity cranes are used for different purposes. The 15-30 ton cranes are a popular choice as they are more portable, flexible, stable, and can be transported easily. There is an increase in demand for high-capacity cranes for construction, and cargo handling purposes so the demand for 30-50 ton cranes is expected to rise in the next few years. 

Truck-mounted cranes are used in various industries like agriculture, construction, cargo handling, and electric line maintenance. With the integration of advanced technologies like IOT (Internet of Things) or engines with low carbon emission, truck-mounted cranes are expected to have a CAGR of 5.5% from 2022 to 2030.

Truck-mounted cranes have the largest revenue from North America in 2022 valued at USD 3,732.96 Million and are expected to show a stupendous growth of 5.6% CAGR in the upcoming years. The need for truck-mounted cranes in North America for logistics, construction, cargo handling, etc. has increased demand. The industrial growth in these regions along with the growth in international trade has pushed further the demand for truck-mounted cranes. Asia Pacific region is predicted to have the fastest CAGR of 5.9% in the upcoming decade surpassing the North American region. The industrial growth and the economic boost in the Asia-Pacific region have boosted the growth and need for truck-mounted cranes. Even in this China alone holds the 27.1% market share in 2022. Countries like India and China are focusing on construction and development projects, also the huge population and availability of the raw materials in these regions is another cause for a higher demand for truck-mounted cranes. 

The high manufacturing costs for truck-mounted cranes can be obstacles in the path of the growing demand. But by using efficient and advanced technologies the production and running costs can be reduced. Truck-mounted cranes are growing in demand and are expected to see a whopping rise as the need for handling heavy materials and objects increases due to the increase in construction and developmental projects.

Author

Jayesh Kamble: I’m Jayesh Kamble, a Professional Content Writer at Consegic Business Intelligence, with expertise in the Machinery and Equipment Industry.

Source: Consegic Business Intelligence: Truck Mounted Crane Report