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China Truck Mounted Cranes Market One Market
ID: MRFR/PCM/55438-HCR
200 Pages
June 2025
China Truck Mounted Cranes Market China Truck Mounted Cranes Market Research Report: By Type (Mounted Cranes, Sidelift Cranes, Boom Truck Cranes, Others) andBy Application (Construction, Utilities, Industries, Others)- Forecast to 2035
Industry Developments
Recent developments in the China Truck Mounted Cranes Market have shown notable shifts in growth and innovation. Companies like Sany and Zoomlion are leading technological advancements, focusing on enhancing efficiency and sustainability. The market has been buoyed by increasing demand for infrastructure development amid China's ongoing urbanization efforts, which saw a push in projects throughout 2021 and 2022, particularly related to transportation and construction. In September 2023, Dongfeng Motors unveiled a new line of eco-friendly truck mounted cranes, which was met with high interest. Additionally, in July 2023, JCM announced a partnership with a leading technology firm to integrate IoT solutions into their crane systems, enhancing operational reliability. Mergers and acquisitions have occurred as well; for instance, Sinotruk expanded its portfolio through collaboration with Weichai in April 2023, aimed at jointly developing hybrid truck mounted cranes. This consolidation in the market signifies a trend toward strategic alliances, enabling companies like LGMG and XCMG to enhance their product offerings. The valuation of the China Truck Mounted Cranes Market continues to rise, driven by both domestic demand and international export opportunities. These trends reflect an increasingly competitive and technologically advanced landscape within the industry.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.1(USD Billion) |
| MARKET SIZE 2024 | 2.21(USD Billion) |
| MARKET SIZE 2035 | 4.33(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.322% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Sany, JCM, Liugong, Shantui, Dongfeng, Hengli, Chenggong, LGMG, Zoomlion, XCMG, Sinotruk, Foton, Bauma, Weichai |
| SEGMENTS COVERED | Type, Application |
| KEY MARKET OPPORTUNITIES | Rising construction activities, Expansion of logistics sector, Growing e-commerce demands, Increased infrastructure investments, Adoption of advanced technologies |
| KEY MARKET DYNAMICS | Growing construction activities, Government infrastructure investments, Rising demand for logistics, Technological advancements in equipment, Increasing safety regulations |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China Truck Mounted Cranes Market in 2024?
The China Truck Mounted Cranes Market is expected to be valued at 2.21 USD Billion in 2024.
What will be the market size of the China Truck Mounted Cranes Market by 2035?
By 2035, the market is projected to grow to 4.33 USD Billion.
What is the anticipated Compound Annual Growth Rate (CAGR) for the China Truck Mounted Cranes Market from 2025 to 2035?
The market is expected to achieve a CAGR of 6.322% from 2025 to 2035.
Which segment of truck mounted cranes will have the highest market value in 2024?
The Mounted Cranes segment is expected to have the highest market value at 0.94 USD Billion in 2024.
What is the value of the Sidelift Cranes segment in the China Truck Mounted Cranes Market for 2024?
The Sidelift Cranes segment is projected to be valued at 0.66 USD Billion in 2024.
Who are the key players in the China Truck Mounted Cranes Market?
Major players include Sany, JCM, Liugong, Shantui, and Dongfeng among others.
What is the expected market value for Boom Truck Cranes in 2035?
The Boom Truck Cranes segment is expected to reach a market value of 0.77 USD Billion in 2035.
What opportunities exist for growth in the China Truck Mounted Cranes Market?
Emerging trends and increasing construction activities present significant growth opportunities in this market.
What challenges are facing the China Truck Mounted Cranes Market?
Market challenges include competition among key players and fluctuating raw material costs.
How will regional demand impact the China Truck Mounted Cranes Market growth?
Increasing urbanization and infrastructure development across China are expected to boost regional demand significantly.
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