Truck-Mounted Knuckle Boom Cranes Market
Truck-Mounted Knuckle Boom Cranes Market 2025-2035
The global truck-mounted knuckle boom cranes market is projected to grow significantly from USD 828.8 million in 2025 to USD 1,366.0 million by 2035, reflecting a robust CAGR of 6.1%. These cranes, known for their lightweight, maneuverable designs, and heavy load-handling capabilities, are increasingly adopted in industries like construction, mining, logistics, and energy.
Key Market Insights
Market Drivers for Truck-Mounted Knuckle Boom Cranes Market
- Booming Infrastructure Development: Rapid construction and infrastructure upgrades globally, supported by government investments, are driving demand for material-handling equipment like knuckle boom cranes.
- Versatility Across Industries: These cranes find applications across construction, forestry, oil & gas, logistics, and mining due to their adaptability to restricted spaces and high load capacities.
- Rising Automation in Machinery: Enhanced safety features, increased lifting capacities, and user-friendly controls are making these cranes indispensable.
Market Breakdown by Segment for Truck-Mounted Knuckle Boom Cranes Market
By Capacity:
- Small Duty: Lightweight and maneuverable for smaller operations.
- Medium Duty: Versatile for mid-sized construction and logistics tasks.
- Big Duty (40% market share): High demand for large infrastructure projects like highways and railways.
By Sales Type:
- New Sales: Dominates with over 70% of market revenues due to lower maintenance costs and better features.
- Aftermarket: Driven by servicing and upgrades.
By End-Use Industry:
- Construction (25% market share): Leading segment driven by infrastructure projects.
- Logistics: Growth fueled by expanding e-commerce and supply chain demands.
- Mining & Energy: High adoption due to heavy-duty lifting needs.
| Segment | 2025 Value (US$ Million) | 2035 Value (US$ Million) | CAGR (2025–2035) |
| Construction | 205.0 | 325.0 | 6.5% |
| Logistics | 180.0 | 280.0 | 5.8% |
| Mining & Energy | 170.0 | 280.0 | 6.2% |
Regional Insights for Truck-Mounted Knuckle Boom Cranes Market
North America (35% Market Share)
- Growth Drivers: Strong presence of advanced construction technologies and consistent investments in infrastructure.
- Key Trends: Increasing use of big-duty cranes in construction and oil & gas projects.
Asia-Pacific (Emerging Region)
- Growth Catalysts: Rising urbanization and massive government spending in countries like India and China, which are implementing thousands of new construction projects under initiatives like “Make in India.”
- Future Outlook: The region is expected to witness the fastest growth with an estimated CAGR of 7.2%.
Europe
- Opportunities: Recovery from COVID-19 and increased investments in public infrastructure are driving the market.
Key Trends Shaping the Industry of Truck-Mounted Knuckle Boom Cranes Market
- Rising Forestry and Agriculture Demand: Increased deforestation for agriculture and growing wood usage are boosting crane adoption in forestry.
- Sustainability Initiatives: Manufacturers are prioritizing fuel efficiency and lower emissions in crane designs.
- Technological Advancements: Development of high-performance, compact designs to meet operational challenges in limited spaces.
Challenges
- High Initial Costs: Advanced technology and larger capacity cranes are costly.
- Skill Gap: Operating such specialized equipment requires skilled personnel, which is scarce in developing regions.
Competitive Landscape for Truck-Mounted Knuckle Boom Cranes Market
Major players, including Sany Heavy Industry Co., Hiab AB, Xuzhou Construction Machinery Group (XCMG), and Tadano Ltd., dominate the market. Companies focus on product innovation and strategic collaborations to maintain competitive advantage.
| Company | Market Share (%) | Recent Developments |
| Sany Heavy Industry | 18% | Launched 4 new crane models in India in 2025. |
| Hiab AB | 15% | Expanded international product lines in 2025. |
| Tadano Ltd. | 12% | Released high-capacity crane series globally. |
FAQs for Truck-Mounted Knuckle Boom Cranes Market
- What is the expected market size by 2035?
The market is projected to reach USD 1,366.0 million by 2035. - What drives the demand for truck-mounted knuckle boom cranes?
Expanding infrastructure and high adoption in mining, logistics, and construction industries. - Which region leads the market?
North America, with 35% market share in 2025, leads due to advanced construction technologies. - Which segment dominates the market?
The big-duty segment, capturing 40% market share in 2025.
Take action now! Contact us today to access the full report and propel your business forward.