Crane Market Set to Reach USD 43.78B by 2031 on Infrastructure Boom
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Hyderabad – October 15, 2026 -- The global crane market will grow from USD 35.82 billion in 2026 to USD 43.78 billion by 2031, a gain of USD 7.96 billion at a 4.10% CAGR, according to a new Mordor Intelligence report.
Public infrastructure and renewables drive lifting demand
Government-funded transport projects, industrial development and private construction are creating opportunities for equipment manufacturers and rental providers. Data centers and energy systems are also on the list of infrastructure categories requiring heavy lifting equipment. Growing use of modular construction raises demand for cranes that deliver precise lifting and placement.