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Truck Crane Market

ID: MRFR/PCM/3435-HCR
100 Pages
Sakshi Gupta
February 2026

Truck Crane Market Research Report Information By Type (Mounted Cranes, Sidelift Cranes, Boom Truck Cranes, and Others), By Application (Construction, Industries, Utilities, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

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Summary Table of Contents Segmentation Download PDF

Truck Crane Market Summary

As per MRFR analysis, the Truck Crane Market Size was estimated at 9.34 USD Billion in 2024. The Truck Crane industry is projected to grow from 9.78 USD Billion in 2025 to 15.64 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.8 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Truck Crane Market is poised for substantial growth driven by technological advancements and urbanization.

  • Technological advancements are enhancing the efficiency and safety of truck cranes, particularly in North America.
  • Sustainability initiatives are increasingly influencing crane design and operation, reflecting a global shift towards eco-friendly practices.
  • Urbanization and infrastructure growth in Asia-Pacific are propelling demand for construction equipment, especially in urban areas.
  • Rising demand for construction equipment and increased focus on safety regulations are key drivers shaping the market landscape.

Market Size & Forecast

2024 Market Size 9.34 (USD Billion)
2035 Market Size 15.64 (USD Billion)
CAGR (2025 - 2035) 4.8%

Major Players

Liebherr (DE), Terex Corporation (US), Kato Works (JP), SANY Group (CN), XCMG (CN), Zoomlion (CN), Manitowoc (US), Hitachi Sumitomo (JP), Tadano (JP)

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Truck Crane Market Trends

The Truck Crane Market is currently experiencing a dynamic evolution, driven by various factors that influence demand and supply. The increasing need for efficient lifting solutions in construction, infrastructure development, and logistics sectors appears to be a primary catalyst for growth. As urbanization accelerates, the requirement for advanced machinery that can navigate confined spaces and perform heavy lifting tasks becomes more pronounced. Furthermore, technological advancements in crane design and operation are likely enhancing performance and safety, thereby attracting more investments in this sector. In addition, environmental considerations are shaping the Truck Crane Market. Manufacturers are increasingly focusing on producing eco-friendly models that comply with stringent regulations. This shift towards sustainability may not only appeal to environmentally conscious consumers but also align with global efforts to reduce carbon footprints. As the market continues to adapt to these trends, it seems poised for further expansion, with innovations and regulatory changes playing pivotal roles in its trajectory.

Technological Advancements

The Truck Crane Market is witnessing a surge in technological innovations, particularly in automation and telematics. These advancements enhance operational efficiency and safety, allowing operators to manage cranes remotely and monitor performance in real-time. Such developments are likely to attract a broader range of customers seeking modern solutions.

Sustainability Initiatives

There is a growing emphasis on sustainability within the Truck Crane Market, as manufacturers strive to create environmentally friendly products. This trend reflects a broader commitment to reducing emissions and energy consumption, which may resonate with clients prioritizing eco-conscious practices.

Urbanization and Infrastructure Growth

Rapid urbanization and ongoing infrastructure projects are driving demand for truck cranes. As cities expand and require more construction, the need for versatile lifting equipment becomes increasingly critical. This trend suggests a robust future for the Truck Crane Market as it adapts to the evolving landscape.

Truck Crane Market Drivers

Market Trends and Projections

The Global Truck Crane Market is poised for substantial growth, with projections indicating a market size of 9.34 USD Billion in 2024 and an anticipated increase to 15.6 USD Billion by 2035. This growth trajectory suggests a CAGR of 4.8% from 2025 to 2035, reflecting the industry's resilience and adaptability. Key trends influencing this market include technological advancements, regulatory support, and rising demand from construction and mining sectors. These factors collectively indicate a robust future for the Global Truck Crane Market, as it continues to evolve in response to changing market dynamics.

Growing Focus on Sustainability

The increasing emphasis on sustainability and eco-friendly practices is influencing the Global Truck Crane Market Industry. Companies are increasingly seeking equipment that minimizes environmental impact, leading to a rise in demand for energy-efficient truck cranes. Manufacturers are responding by developing cranes that utilize alternative fuels and incorporate sustainable materials. This shift not only aligns with global sustainability goals but also appeals to environmentally conscious consumers. As the market adapts to these trends, the Global Truck Crane Market is likely to see a transformation in product offerings, further driving its growth.

Increasing Infrastructure Development

The ongoing expansion of infrastructure projects globally is a primary driver of the Global Truck Crane Market Industry. Governments and private sectors are investing heavily in constructing roads, bridges, and buildings, which necessitates the use of truck cranes for lifting heavy materials. For instance, the global infrastructure spending is projected to reach trillions of dollars, with significant allocations in emerging economies. This trend is expected to bolster the demand for truck cranes, contributing to the market's growth. As a result, the Global Truck Crane Market is anticipated to reach a valuation of 9.34 USD Billion in 2024, reflecting the increasing reliance on heavy lifting equipment.

Regulatory Support for Heavy Machinery

Government regulations promoting the use of modern heavy machinery are positively impacting the Global Truck Crane Market Industry. Many countries are implementing policies that encourage the adoption of advanced lifting equipment to enhance safety and efficiency in construction and industrial operations. These regulations often include incentives for companies that invest in newer, safer technologies. As a result, the demand for truck cranes is likely to increase as businesses seek to comply with these regulations. This supportive regulatory environment is expected to contribute to the overall growth of the Global Truck Crane Market, fostering a more competitive landscape.

Technological Advancements in Crane Design

Innovations in crane technology are reshaping the Global Truck Crane Market Industry. The introduction of advanced features such as telematics, automated controls, and enhanced safety mechanisms is making truck cranes more efficient and user-friendly. These advancements not only improve operational efficiency but also reduce downtime and maintenance costs. For example, manufacturers are integrating smart technology that allows operators to monitor crane performance in real-time. This trend is likely to attract more customers, thereby expanding the market. As the industry evolves, the Global Truck Crane Market is projected to grow at a CAGR of 4.8% from 2025 to 2035, indicating a robust future.

Rising Demand in Construction and Mining Sectors

The construction and mining sectors are experiencing a surge in demand for truck cranes, significantly influencing the Global Truck Crane Market Industry. With urbanization and industrialization on the rise, there is an increasing need for heavy lifting solutions in construction sites and mining operations. For instance, large-scale mining projects require efficient transportation and lifting of heavy equipment, which truck cranes provide. This growing demand is expected to drive the market's expansion, with projections indicating that the Global Truck Crane Market could reach 15.6 USD Billion by 2035, highlighting the critical role of truck cranes in these sectors.

Market Segment Insights

By Application: Construction (Largest) vs. Mining (Fastest-Growing)

The Truck Crane Market displays a diverse application split, with the construction sector taking the lead as the largest segment, driven by ongoing infrastructure development projects worldwide. Following closely, the mining sector is witnessing significant traction, benefitting from increased mineral extraction activities and the need for efficient lifting solutions. Transportation and lifting operations also contribute to the market but hold smaller shares compared to these two dominant segments, showcasing the varied demand across different applications. Growth trends indicate that the mining application is emerging as the fastest-growing segment, fueled by technological advancements and the increasing complexity of mining operations. Meanwhile, the construction sector is driven by urbanization and government investments in public infrastructure, ensuring sustained demand for truck cranes. The lifting operations segment is also likely to expand, supported by the growth of e-commerce and related transportation needs, which require robust lifting equipment to support logistics operations.

Construction (Dominant) vs. Transportation (Emerging)

The construction segment stands out as the dominant application in the Truck Crane Market, characterized by a consistent demand driven by infrastructure projects and commercial building activities. Construction cranes are essential for the heavy lifting of materials, making them invaluable on job sites. With advancements in crane technology, these machines offer improved efficiency and safety features, appealing to contractors. In contrast, the transportation segment is emerging, focusing on logistics and cargo handling. It benefits from a growing trend in supply chain optimization and the increasing need for flexible lifting solutions within warehouse operations. This segment is witnessing innovations aimed at enhancing mobility and load capacity, indicating a promising future within the market.

By Type: Truck Mounted Crane (Largest) vs. Crawler Crane (Fastest-Growing)

In the Truck Crane Market, the segment values showcase distinct characteristics with varying market shares. Truck Mounted Cranes hold the largest market share due to their versatility and ability to operate on public roads without additional transportation. All Terrain Cranes, Rough Terrain Cranes, and Crawler Cranes follow, each catering to specialized applications in construction, oil, and infrastructure sectors. The demand within these segments is influenced by evolving project requirements and advancements in lifting technologies.

Truck Mounted Crane (Dominant) vs. Crawler Crane (Emerging)

Truck Mounted Cranes are recognized for their ease of use and mobility, making them highly preferred in urban and construction environments where quick setup is essential. Conversely, Crawler Cranes are emerging as a vital segment due to their ability to operate on rough terrain and challenging environments, making them ideal for heavy-duty applications in construction and mining. Their growing adoption is driven by the increasing complexity of construction projects that require high lifting capacities and stability. As the industry evolves, both cranes cater to specific project needs, solidifying their positions in the market.

By Load Capacity: 20 to 50 Tons (Largest) vs. Below 10 Tons (Fastest-Growing)

In the Truck Crane Market, the load capacity segments reveal distinct market share distributions. The 20 to 50 tons segment dominates the market, accounting for a significant portion of the overall share. This is primarily due to the versatility and efficiency offered by cranes in this range, making them suitable for a wide array of construction and industrial applications. In contrast, the below 10 tons segment is gaining traction, appealing particularly to smaller operations that require more compact equipment for lighter lifting tasks.

Load Capacity: 20 to 50 Tons (Dominant) vs. Below 10 Tons (Emerging)

The 20 to 50 tons category remains the dominant force in the Truck Crane Market, characterized by its strength and adaptability. These cranes are favored for projects requiring substantial lifting capabilities, particularly in construction and heavy industry. They strike a balance between size and lifting power, making them a preferred choice for contractors. On the other hand, the below 10 tons segment is emerging as a responsive alternative for smaller projects and niche markets, offering greater maneuverability and ease of use. This segment thrives in urban environments where space is limited, indicating a shift towards more flexible equipment solutions.

By Power Source: Internal Combustion Engine (Largest) vs. Electric (Fastest-Growing)

In the Truck Crane Market, the power source segment is predominantly led by Internal Combustion Engines, which account for a significant share due to their long-standing presence and versatility in heavy-duty applications. Electric technologies are gaining traction, representing a rapidly expanding segment as advancements in battery technology and demand for greener solutions rise. In contrast, Hybrid power sources, while not leading, are steadily increasing their market presence by combining the strengths of both internal combustion and electric power sources.

Power Source: Internal Combustion Engine (Dominant) vs. Electric (Emerging)

Internal Combustion Engines dominate the Truck Crane Market due to their robust performance and ability to cater to extensive operational demands. They are well-established, particularly in construction and industrial applications, offering reliability and ease of refueling. In contrast, the electric segment is emerging rapidly, driven by the push for sustainability and efficiency. Electric truck cranes are becoming more appealing as infrastructure for charging improves and regulatory pressures mount for cleaner energy solutions. While Internal Combustion Engines provide unmatched power for heavy loads, electric models are increasingly being adopted for urban projects, where emissions restrictions are stringent.

By End User: Construction Companies (Largest) vs. Mining Industry (Fastest-Growing)

The Truck Crane Market is significantly influenced by various end-user segments, with construction companies holding the largest share. This segment capitalizes on the demand for efficient and versatile lifting equipment to support infrastructure projects, residential developments, and commercial constructions. Logistics providers and government entities follow, each contributing notable shares to the market. The mining industry, while a smaller segment, is swiftly gaining traction due to the increasing demand for mining activities and the need for heavy equipment to transport materials efficiently. The growth trends within the Truck Crane Market are primarily driven by the expansion of construction activities and technological advancements in crane manufacturing. As urbanization accelerates globally, construction companies are increasingly relying on cranes for their projects. Meanwhile, the mining industry is witnessing rapid growth, attributed to rising commodity prices and investments in extraction technologies. This durability and resilience in crane utilization highlight the competitive landscape among these end users, underscoring the potential for innovation and market expansion going forward.

Construction Companies: Dominant vs. Mining Industry: Emerging

Construction companies represent the dominant end-user segment in the Truck Crane Market due to their extensive use of cranes for a variety of projects ranging from residential buildings to large-scale infrastructure. They require reliable and versatile cranes to handle diverse tasks efficiently. This segment benefits from ongoing urban development, the push for modern infrastructure, and a greater emphasis on safety and operational efficiency. Conversely, the mining industry, labeled as emerging, is rapidly growing as mining companies adopt advanced crane technologies to optimize their operations and transportation logistics. Increased exploration activities and a focus on operational sustainability are driving this segment's growth. The distinct demands and operational requirements of both segments are shaping the technological advancements in truck cranes.

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Regional Insights

North America : Established Market with Growth Potential

The North American truck crane market is poised for growth, driven by increasing infrastructure investments and a booming construction sector. With a market size of $2.8 billion, the region is witnessing a surge in demand for advanced lifting solutions. Regulatory support for safety standards and environmental compliance is further catalyzing market expansion, ensuring that operators adopt modern, efficient equipment to meet stringent guidelines. Leading the market are the United States and Canada, where major players like Terex Corporation and Manitowoc dominate. The competitive landscape is characterized by innovation and technological advancements, with companies focusing on enhancing operational efficiency and safety features. The presence of established manufacturers and a growing rental market are key factors contributing to the region's robust market dynamics.

Europe : Innovation and Sustainability Focus

Europe's truck crane market, valued at $2.5 billion, is experiencing significant growth, driven by a strong emphasis on sustainability and innovation. The region is witnessing increased demand for eco-friendly lifting solutions, supported by stringent EU regulations aimed at reducing carbon emissions. This regulatory environment is fostering the development of advanced technologies, enhancing operational efficiency and safety in construction projects. Germany, France, and the UK are leading the market, with key players like Liebherr and Tadano making substantial investments in R&D. The competitive landscape is marked by a focus on technological advancements, with companies striving to meet the evolving needs of the construction sector. The presence of a well-established supply chain and skilled workforce further strengthens the region's market position.

Asia-Pacific : Emerging Powerhouse in Construction

The Asia-Pacific truck crane market is the largest globally, with a market size of $3.5 billion, reflecting its rapid industrialization and urbanization. Key growth drivers include increasing infrastructure projects, urban development, and a rising demand for efficient lifting solutions. Government initiatives aimed at enhancing transportation and logistics infrastructure are further propelling market growth, making the region a focal point for investment in construction equipment. China, Japan, and India are the leading countries in this market, with major players like SANY Group and XCMG leading the charge. The competitive landscape is characterized by aggressive pricing strategies and a focus on technological innovation. The presence of numerous local manufacturers and a growing rental market are also contributing to the region's dynamic market environment.

Middle East and Africa : Resource-Rich Frontier for Growth

The Middle East and Africa truck crane market, valued at $0.54 billion, is gradually expanding, driven by increasing investments in infrastructure and construction projects. The region's growth is supported by government initiatives aimed at diversifying economies and enhancing transportation networks. Regulatory frameworks are evolving to promote safety and efficiency in construction operations, which is crucial for attracting foreign investments. Leading countries in this region include the UAE and South Africa, where major infrastructure projects are underway. The competitive landscape is still developing, with a mix of local and international players. Companies are focusing on establishing partnerships and expanding their service offerings to capture the growing demand for truck cranes in various sectors, including oil and gas, construction, and mining.

Truck Crane Market Regional Image

Key Players and Competitive Insights

The Truck Crane Market is currently characterized by a dynamic competitive landscape, driven by technological advancements, increasing infrastructure investments, and a growing demand for efficient lifting solutions. Major players such as Liebherr (DE), Terex Corporation (US), and SANY Group (CN) are strategically positioning themselves through innovation and regional expansion. Liebherr (DE) focuses on enhancing its product portfolio with advanced features, while Terex Corporation (US) emphasizes partnerships to strengthen its market presence. SANY Group (CN) is leveraging its manufacturing capabilities to cater to diverse regional needs, collectively shaping a competitive environment that is increasingly reliant on technological differentiation and customer-centric solutions.Key business tactics within the Truck Crane Market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of offerings, yet the collective strategies of major companies create a competitive dynamic that encourages innovation and responsiveness to market demands.
In November Terex Corporation (US) announced a strategic partnership with a leading technology firm to develop AI-driven crane management systems. This initiative aims to enhance operational efficiency and safety, reflecting a broader trend towards digitalization in the industry. The partnership is likely to position Terex as a frontrunner in integrating advanced technologies into traditional crane operations, potentially reshaping customer expectations and operational standards.
In October SANY Group (CN) unveiled a new line of eco-friendly truck cranes designed to meet stringent emissions regulations. This launch not only underscores SANY's commitment to sustainability but also aligns with global trends towards greener construction practices. By prioritizing environmentally friendly solutions, SANY may enhance its competitive edge and appeal to a growing segment of environmentally conscious customers.
In September Liebherr (DE) expanded its manufacturing facility in Germany to increase production capacity for its truck cranes. This expansion is indicative of Liebherr's strategy to meet rising demand in Europe and enhance its supply chain resilience. By bolstering its production capabilities, Liebherr is likely to improve its market responsiveness and maintain its leadership position in the sector.
As of December the Truck Crane Market is witnessing trends such as digitalization, sustainability, and AI integration, which are redefining competitive dynamics. Strategic alliances are increasingly shaping the landscape, enabling companies to leverage complementary strengths and enhance their market offerings. Moving forward, competitive differentiation is expected to evolve from traditional price-based competition towards a focus on innovation, technology integration, and supply chain reliability, suggesting a transformative shift in how companies engage with their customers and the market.

Key Companies in the Truck Crane Market include

Industry Developments

November 2019: Due to the rapid urbanization of Asian nations, Liebherr shipped 25 new mobile cranes to South Korea. These cranes are in high demand in Asian nations, thus the business has opened a new training and service facility for after-sales support.

August 2019: With an enterprise value of USD 215 million, Terex Corporation successfully sold Tadano Ltd. its DEMAG Mobile Cranes division. Strong industrial logic underpinned the deal, which transformed DEMAG's operations into a  complementary product line under the brand of the biggest crane producer.

Future Outlook

Truck Crane Market Future Outlook

The Truck Crane Market is projected to grow at a 4.8% CAGR from 2025 to 2035, driven by infrastructure development, technological advancements, and increasing demand for efficient lifting solutions.

New opportunities lie in:

  • Expansion into emerging markets with tailored product offerings. Development of hybrid and electric truck cranes for sustainability. Integration of IoT technology for real-time fleet management.

By 2035, the Truck Crane Market is expected to be robust, driven by innovation and strategic market positioning.

Market Segmentation

Truck Crane Market Type Outlook

  • Truck Mounted Crane
  • All Terrain Crane
  • Rough Terrain Crane
  • Crawler Crane

Truck Crane Market End User Outlook

  • Construction Companies
  • Logistics Providers
  • Mining Industry
  • Government

Truck Crane Market Application Outlook

  • Construction
  • Mining
  • Transportation
  • Lifting Operations

Truck Crane Market Power Source Outlook

  • Internal Combustion Engine
  • Electric
  • Hybrid

Truck Crane Market Load Capacity Outlook

  • Below 10 Tons
  • 10 to 20 Tons
  • 20 to 50 Tons
  • Above 50 Tons

Report Scope

MARKET SIZE 2024 9.34(USD Billion)
MARKET SIZE 2025 9.78(USD Billion)
MARKET SIZE 2035 15.64(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.8% (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 Liebherr (DE), Terex Corporation (US), Kato Works (JP), SANY Group (CN), XCMG (CN), Zoomlion (CN), Manitowoc (US), Hitachi Sumitomo (JP), Tadano (JP)
Segments Covered Application, Type, Load Capacity, Power Source, End User
Key Market Opportunities Integration of advanced telematics and automation technologies in the Truck Crane Market.
Key Market Dynamics Rising demand for advanced lifting solutions drives innovation and competition in the truck crane market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Sakshi Gupta
Research Analyst Level II

I have about two years of experience working in the consumer goods and retail industries and I am a biotech graduate.A tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. I can produce data-driven solutions while fusing unusual viewpoints with original concepts. I have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. My primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.

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FAQs

How much is the Truck Crane market?

The Truck Crane market size was valued at USD 9.34 Billion in 2024.

What is the growth rate of the Truck Crane market?

Truck Crane Market is projected to grow at a CAGR of 4.8% during the forecast period, 2025-2035

Which Region witnessed the largest market share in the Truck Crane market?

North America witnessed the largest share of the Truck Crane market

Who are the major players in the Truck Crane market?

The major players in the market areManitowoc Company, Inc. (U.S.), Liebherr Group (Switzerland), Terex Corporation (U.S.), Xuzhou Construction Machinery Group Co., Ltd. (China), Tadano Ltd. (Japan), Kato Works Co., Ltd (Japan), Manitex International Inc. (U.S.), Elliott Equipment Company (U.S.).

Which type led the Truck Crane market?

The Mounted Cranes category dominated the market in 2022.

Which Application witnessed the largest market share in the Truck Crane market?

Construction had the largest share of the Truck Crane Market

Research Approach

Research Methodology on Truck Crane Market

Introduction

 

The research for this report is based on global trends in the truck crane market utilizing a rigorous research methodology to determine the overall performance and key drivers of market growth over a forecasted period, from 2023 to 2030. The truck crane market has been further segmented into region, product, deployment, end-use industry, and capacity. This market dynamics has been analyzed to understand the drivers, restraints, threats, and opportunities associated with the truck crane market.

Research Objectives

The primary objective of this research is to assess the current market dynamics of the truck crane market across the globe and make realistic predictions for an estimated forecast period, 2023-2030. The other objectives include:

• Identifying the macro and micro economic factors influencing the growth of the truck crane market

• Estimating the opportunity analysis of the truck crane market both in terms of volume and value

• Analyzing the various segments of the truck crane market, such as product, deployment, application, capacity, and region

• Quantifying the market share of the major players in the truck crane market

• Identifying recent advancements, trends, and developments in the truck crane industry

• Profile the top players in the truck crane industry

Research Approach

The research approach adopted for compiling this report comprises a mix of primary, secondary and empirical data collection, which is then analyzed and interpreted to arrive at meaningful insights and conclusions. The report is analyzed based on factors such as market size, cost, drivers, and competitive landscape.

Secondary Research:

Data and information used in the study are sourced from external sources such as market participants, industry journals and research papers, trade income databases, and federations. Government entries, press releases, journal articles, industry associations, trade websites, and statistical data provided by them are used for greater reliability and accuracy.

Primary Research:

Primary research is conducted to validate secondary research data and sources. Primary research involves interviews with market participants such as end-users, distributors, and suppliers of the truck crane market. Phone interviews and/or web-based interviews have been used to collect primary data. Furthermore, questionnaires have been used to get opinions and feedback from domain experts explaining the market dynamics of the industry.

In order to understand the depth of the market and gather more in-depth information, structured and unstructured questions were asked in the interview and then the revealed data was validated and framed into the research.

Approaches Used

The market size of the truck crane market has been estimated by using both the top-down and bottom-up approaches.

The top-down approach is used to estimate the market size of the truck crane market based on the market share of the leading players in the market. The bottom-up approach estimates the market size of the truck crane market based on the individual segments. The market size is broken down into segments, such as product type, capacity, application, and end-user. Market share of the leading players in each segment was ascertained for 2022, and their respective growth rates for the forecast period, 2023-2030, were calculated. The average of this data was taken to arrive at the overall market size of the truck crane market.

Multiple techniques such as factor analysis, time-series analysis and demand-side and supply-side data triangulation have also been used to arrive at the expected market growth rate.

As the market is highly competitive, multiple pieces of information and their analysis were required for a comprehensive understanding of the report and the truck crane industry. The same data points were used to analyze the various industry test cases for estimating the market growth. Data collected from secondary research is validated with the data obtained from primary research.

Assumptions

For this study, some assumptions have been made even though accurate data warehousing is carried out from different data sources. Only a few of the assumptions are mentioned below:

• The market size of the global truck crane market has been estimated based on the product type, capacity, regions, end-user, and application segments in the truck crane industry.

• Market size in terms of USD million and the compound annual growth rate (CAGR) of the market have been considered while forecasting the size of the Global truck crane market on the basis of relevant and reliable facts and figures.

• The regulations concerning the statutory compliances within the truck crane industry within different countries have been considered.

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